The government of Ontario, Canada is considering a proposal to allow cannabis consumption lounges to operate in the province and is soliciting feedback from residents on any potential changes to current regulations. The government announced the proposed change via a posting in the province’s regulatory registry on Monday, noting... Read more
The president’s new financial plan for the 2021 fiscal year has dropped, and to few people’s surprise it features a massive uptick in spending on the military and border security, and cuts to student loan assistance and social welfare programs. But what about cannabis? The news isn’t great; the... Read more
Maine lawmakers will consider a proposal to provide a cloak of secrecy over the state’s forthcoming recreational marijuana industry. The bill, L.D. 2091, which was authored by state regulators, would exempt trade secrets, security and operating procedures that cannabis businesses provided to the state from public records law. The... Read more
Supreme Cannabis Focuses Organization and Reduces Cost Structure to Accelerate Profitable Growth Corporate positions decreased by approximately 33% and operational positions decreased by approximately 13% Total number of positions decreased by approximately 15% across the Company New structure focuses the business on accelerating revenue growth in the Canadian market... Read more
Lawmakers in Nepal have filed a proposal in Parliament to legalize cannabis, decades after marijuana was outlawed in the Southeast Asian nation at the urging of Western countries including the United States. The proposal was made by Birodh Khatiwada, a lawmaker and member of the ruling Nepal Communist Party... Read more
Virginia took a major step toward becoming the latest state to decriminalize marijuana on Monday, with a bill advancing out of one half of the Commonwealth’s general assembly. The Democratic-controlled Virginia House of Delegates passed HB 972, a bill that seeks to effectively treat simple marijuana possession like a... Read more
If you’re looking to deepen your understanding of the cannabis plant, you might start looking at a move to Pueblo, Colorado. On Friday, the town’s Colorado State University campus got the state government’s go-ahead for a cannabis chemistry bachelor’s degree program. It makes sense that such a program would... Read more
Although Ohio legalized medical use of cannabis four years ago, the state has been slow to grow its program. Myriad regulations, along with delays in awarding licenses, kept the program from becoming fully functional until January 2019, when the state’s first licensed medical cannabis dispensary opened. Although adult-use of... Read more
After the market closed, Pyxus International (NYSE: PYX), formerly Alliance One International, reported its fiscal 2020 Q3 financials. The overall performance was quite weak, but the cannabis business in particular weighed heavily on the results. Revenue for the company plunged 31% compared to a year ago while operating expenses... Read more
Stymied by the governor last year, New Hampshire lawmakers are trying once again to pass a bill permitting patients or caregivers to grow their own marijuana for medical purposes. The legislation passed in the New Hampshire state senate this week, and will now head to the state House for... Read more
