Five years ago, when Alaska’s first legal cannabis shops started opening, there was a lot of money to be made. “We had three fabulous, great years,” said Sue Nowland, whose Alaska Fireweed was among the first cannabis stores to open its doors in Anchorage. Those days are over. Cannabis... Read more
SEATTLE, Nov. 30, 2021 – PRESS RELEASE – Headset, a leading provider of data and analytics to the cannabis industry, announced that it has raised $3 million of new capital led by Althea, a private equity investment firm. Other participating investors are Poseidon Investment Management, a leading investor in the legal cannabis and... Read more
After underperforming the cannabis sector in October, the American Cannabis Operator Index fell for the ninth straight month after having scored five straight monthly gains, declining 7.0% to 44.75: During Q3, the index lost 22.8%, and it is down 17.8% so far in Q4. After gaining 45.7% in 2020, when it... Read more
Following up on our discussion earlier this year about how cannabis investors have embraced publicly traded ancillary companies, New Cannabis Ventures launched its seventh proprietary index, the Ancillary Cannabis Index, at the end of March. The index has outpaced the overall market since the launch, but in November it fell more than... Read more
After retreating almost 27% in Q3, the Canadian Cannabis LP Index extended its losing streak to five months as it fell again in November, declining 5.5.% to 225.26: The index, which fell 30.1% in 2020 to end at 275.16, is down 22% over the past year and down 18.1% year-to-date in... Read more
An advocacy organization known as Volteface recently released a report entitled “New Leaf: Beyond Brexit, Countering Covid” explores how the United Kingdom (UK) is missing out by not fully embracing the opportunities of the medical cannabis industry. Head of Programming at the Adam Smith Institute, Daniel Pryor, wrote the... Read more
Novamind reports revenues of CAD$1.86 million for Q1 fiscal 2022, a 113% year-over-year increase. The company has total working capital of CAD$6.8 million
Red Light Holland reports its results for Q2 fiscal 2021. – Quarterly revenues up to CAD$485,738 – A 64% increase in gross profit
– 56% increase in the number of retail outlets selling TRIP products
A Florida lawmaker introduced a bill last week to decriminalize all currently illicit drugs, provide avenues for relief for those with existing drug-related convictions and promote harm reduction services.
