Photo courtesy of the U.S. Department of Justice A Department of Justice whistleblower has testified that U.S. Attorney General William Barr was motivated by his personal dislike of the cannabis industry when he launched multiple Antitrust Division merger investigations into nearly a dozen cannabis deals last year. John Elias,... Read more
Photo courtesy of the U.S. Department of Justice A Department of Justice whistleblower has testified that U.S. Attorney General William Barr was motivated by his personal dislike of the cannabis industry when he launched multiple Antitrust Division merger investigations into nearly a dozen cannabis deals last year. John Elias,... Read more
Editor’s Notebook: Why the hemp industry is well positioned for an extended recession
(This is an abridged version of a column that appears in the July issue of Marijuana Business Magazine.) Reading the business-page headlines these days, hemp pioneers can be forgiven for chuckling at how large and esteemed industries have no idea how they’ll survive when faced with the kinds of... Read more
Colorado company that sold CBD in Dick’s Sporting Goods stores files for bankruptcy
A Colorado-based CBD company that sold a line of cannabidiol products at Dick’s Sporting Goods stores nationwide has filed for Chapter 11 bankruptcy protection. Myaderm, a company in Englewood, said in its June 28 bankruptcy filing that it owed creditors somewhere between $1 million and $10 million. The company... Read more
After soaring nearly 35% in May, the American Cannabis Operator Index pulled back in June, decreasing 9.8% to 27.25: The index, which launched at the end of October 2018 with a value of 100, reached a closing high of 124.16 a week later before declining to 70.64 in late December 2018.... Read more
Innovative Industrial Properties Acquires Massachusetts Property and Expands Real Estate Partnership with Cresco Labs SAN DIEGO, July 1, 2020–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that... Read more
Canadian licensed producers, which rose in both April and May after twelve consecutive monthly declines through March, reversed some of the recent gains, with the Canadian Cannabis LP Index declining 11.4% to 282.96: Over the past year, the index, which rallied 14.6% during Q2, has declined 68.4%: The index remains substantially... Read more
3 Ex-U.S. & Canada Cannabis Stocks to Consider for Your Portfolio
Ryan Allway July 1st, 2020 App, Exclusive, News, Top Story The North American cannabis industry has captured all of the headlines, but more than 50 countries around the world have already legalized either medical or adult-use cannabis. In Europe alone, more than 30 countries have some form of legalized... Read more
Three dozen members of the House of Representatives introduced a resolution on Tuesday calling for an inquiry into the possible impeachment of Attorney General William Barr because he “abused the power of his office” to improperly investigate marijuana businesses and allegedly engaged in other unlawful conduct. The resolution, which... Read more
Three dozen members of the House of Representatives introduced a resolution on Tuesday calling for an inquiry into the possible impeachment of Attorney General William Barr because he “abused the power of his office” to improperly investigate marijuana businesses and allegedly engaged in other unlawful conduct. The resolution, which... Read more
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