A group of Alaska hemp growers and manufacturers has filed a lawsuit against the state challenging its new hemp regulations, arguing that they are unconstitutional and contrary to federal law. The new rules, which were approved in October and went into effect last week, are designed to regulate intoxicating... Read more
A new Gallup poll published on November 8 showed that opinions on legalization are at an all-time high in the U.S. An estimated 68% of Americans, or seven out of every 10 individuals, said “yes” to the poll questions, “Do you think the use of marijuana should be legal,... Read more
A reader on Twitter recently complained that an earlier article referred to the candidates as “losers,” so I’m curious to know how that reader reacted to Vivek Ramaswamay’s opening remark at the GOP primary debate in Miami which used that same word to refer to the modern Republican party.... Read more
Green Thumb Industries Reports Third Quarter 2023 Results CHICAGO and VANCOUVER, British Columbia, Nov. 08, 2023 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, today reported its financial... Read more
Generated cash flow from operations of $93 million and free cash flow of $87 million Reduced debt with purchase of $57 million of 2026 notes and announced redemption of $130 million of 2024 notes, resulting in $20 million in interest savings through maturity Expect 2023 operating cash flow of... Read more
A recent press release issued by BYND Cannasoft Enterprises Inc. provided a glimpse into the status of Israel’s medical cannabis industry and a recent increase in patients. The company explained that there has been a rapid rise in medical cannabis patients, about 2,000 in just one month. As of... Read more
Recreational cannabis was, at long last, made legal in Delaware earlier this year. But several of the state’s beach towns situated along the eastern seaboard have ridden a different wave, opting instead to maintain the prohibition on weed within their respective jurisdictions. The Delaware News Journal reported this week... Read more
Cannabis is so stigmatized that some New Yorker’s don’t even want to see it. One New York Republican wants to remove the eyesore of cannabis billboards and signs throughout the state, and introduced a bill that would do so, increasing penalties for signs that are already restricted. Assemblyman Scott... Read more
Afghani poppy farmers are estimated to have lost over $1 billion in value or 95% of their opium supply since the Taliban outlawed opium production in April 2022, according to a new report from the United Nations. The United Nations Office on Drugs and Crime issued a press release... Read more
Verano Announces Third Quarter 2023 Financial Results Delivers Record Revenue of $240 Million, Increasing Net Cash Provided by Operating Activities, and Raises and Tightens 2023 Free Cash Flow1 Guidance Range to $72-76 Million CHICAGO, Nov. 08, 2023 (GLOBE NEWSWIRE) — Verano Holdings Corp. (NEO: VRNO) (OTCQX: VRNOF) (“Verano” or... Read more
