In October, Gibraltar Industries (NASDAQ: ROCK) purchased CO2 extraction company Apeks Supercritical, paying $12.55 million for the Ohio-based company that reported trailing annual revenue through June 2019 of $17.7 million. This move extended the company’s involvement in the cannabis industry, where it has also worked on green house facilities. On... Read more
Exclusive Interview with Jushi Holdings Founder, Chairman, and CEO Jim Cacioppo Multi-state operator Jushi (CSE: JUSH) (OTC: JUSHF) has $65 million in cash on its balance sheet, as of Dec. 31, 2019. Founder, Chairman, and CEO Jim Cacioppo spoke with New Cannabis Ventures about his company’s management team, plans to... Read more
Tens of thousands of Oklahomans have already enrolled in the state’s medical marijuana program. In a little more than a month, those patients will purchase products that have undergone mandated testing. Beginning April 1, all medical cannabis dispensaries in the state will be required to carry products that have... Read more
New Mexico lawmakers have voted to reinstate a residency requirement for patients authorized to participate in the state’s medical marijuana program. Under a bill passed in the New Mexico House of Representatives on Monday, allowing non-residents to apply for medical marijuana identification cards would be phased out later this... Read more
It’s quite the conundrum in our ad-heavy society, keeping kids away from certain commercial messaging. In many states, cannabis companies are particularly censored in this regard. Colorado is one of them. In the first state to legalize recreational cannabis, such companies are banned from TV, radio, and print ads... Read more
He is known for his succulent micro greens, but after 10 years at French Laundry, the restaurant’s head culinary gardener is moving on to — if not greener, then certainly danker — pastures. Aaron Keefer has been named Sonoma County craft cannabis endeavor Sonoma Hill Farms’ vice president of cannabis... Read more
Lawmakers in New Jersey took steps this week toward enshrining protections for marijuana companies in the state and individuals on workers compensation prescribed to medical cannabis. Two bills were passed out of the state Assembly committee on financial institutions on Thursday. One measure would establish protections for insurance companies... Read more
The mayor of Amsterdam is considering putting restrictions on cannabis tourism, citing research that shows a third of visitors would come less often if they were barred from the city’s famed “coffee shops” that sell marijuana. The proposal comes as city leaders struggle to reduce the congestion that has... Read more
Canopy Growth Reports Third Quarter Fiscal 2020 Financial Results Generated $124 million Net Revenue, up from $76 million in Q2 2020 Excluding portfolio restructuring charges in Q2 2020, Net Revenue up 13% Achieved Gross Margin of 34% Total Operating Expenses down 14% versus the prior quarter Adjusted EBITDA loss... Read more
At this moment, 11 American states and Washington, D.C. now have adult-use cannabis legislation law on its books. When it comes to medical, 33 states have passed regulations. Additionally, 24 states and the country’s capital decriminalized marijuana in some form or another. With over half of the United States... Read more
