You will soon be able to walk the streets of Cincinnati, marijuana in hand. After careful debate, the city council passed an ordinance on Wednesday that will make possession of marijuana legal up to three ounces. Many council members saw the measure as a compromise, but the majority... Read more
Tax revenues from Colorado’s cannabis industry have topped $1 billion since legalization, according to a new report released on Wednesday by Denver cannabis law firm Vicente Sederberg. The report details and analyzes fees and taxes collected by the Colorado Department of Revenue since the beginning of legal sales of... Read more
HEXO Corp reports third quarter 2019 financial results Key highlights of third quarter of 2019 fiscal year HEXO remains on-track ramping up to $400 million net revenue in fiscal 2020 and to double net revenue in Q4 fiscal 2019 Entered a syndicated credit facility with CIBC and BMO for... Read more
Green Growth Brands continues to deliver on its rapid expansion strategy, targeting over 200 shops in operation by the end 2019 COLUMBUS, June 12, 2019 /PRNewswire/ – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) (“GGB” or “the Company”) today announced that it has surpassed 50 Seventh Sense Botanical... Read more
MTech Acquisition Corp. and MJ Freeway LLC Provide Private Placement Update Participants Include Khitan Capital, Cresco Capital Partners II, LLC, and The London Fund NEW YORK, June 12, 2019 (GLOBE NEWSWIRE) — MTech Acquisition Corp. (NASDAQ: MTEC, MTECU, MTECW) (“MTech”), the first US-listed Special Purpose Acquisition Company (SPAC) focused... Read more
Republican Governor Greg Abbot of Texas signed a bill on Monday that will allow farmers in the state to legally grow hemp. The measure, House Bill 1325 (HB1325), also removes hemp from the state’s list of controlled substances and legalizes cannabidiol, or CBD, and products made with the cannabinoid.... Read more
There is an ongoing battle in Los Angeles over the proliferation of illegal cannabis dispensaries, which many in the legal business community say is cutting sharply into their profits. Since illegal dispensaries don’t have to live up to the same guidelines and tax rates as regulated cannabis shops, they... Read more
In recent years, health professionals and policymakers have become increasingly interested in medical cannabis’s potential to reduce opioid use and prevent overdose deaths. Several states have already added opioid replacement provisions to their medical marijuana programs or approved opioid use disorder as a qualifying condition. At the same time,... Read more
Cresco Labs Provides Update on Origin House Acquisition CHICAGO, June 11, 2019 — (Business Wire) — Cresco Labs Inc. (“Cresco Labs” or the “Company”) (CSE: CL) (OTCQX: CRLBF), one of the largest vertically integrated multistate cannabis operators in the United States, today provided an update on its acquisition (the... Read more
Trulieve Announces Pricing of Public Offering of Units TORONTO, June 11, 2019 /CNW/ – Trulieve Cannabis Corp. (“Trulieve” or the “Company”) (CSE: TRUL) today announced that it has priced its previously announced public offering (the “Offering”) of units of the Company (“Units”) comprised of an aggregate principal amount of... Read more
