The Missouri Department of Health and Senior Services (DHSS) published the first draft of program rules Nov. 10 for the state’s forthcoming adult-use cannabis industry—less than 48 hours after voters approved Amendment 3. RELATED: Missouri Voters Say ‘Yes’ to Adult-Use Cannabis Legalization Upon adoption, the constitutional amendment directs DHSS officials... Read more
Pennsylvania State Attorney General Josh Shapiro (D) declared victory in the Pennsylvania gubernatiorial race Nov. 8, defeating State Sen. Doug Mastriano (R), 56.3% to 41.9%, according to The Associated Press. Shapiro has been outspoken about his support for adult-use cannabis legalization and righting the wrongs caused by unjust policies... Read more
Pennsylvania State Attorney General Josh Shapiro (D) declared victory in the Pennsylvania gubernatiorial race Nov. 8, defeating State Sen. Doug Mastriano (R), 56.3% to 41.9%, according to The Associated Press. Shapiro has been outspoken about his support for adult-use cannabis legalization and righting the wrongs caused by unjust policies... Read more
Following the announcement of a Nov. 15 U.S. Congressional hearing titled “Developments in State Cannabis Laws and Bipartisan Cannabis Reforms at the Federal Level,” a U.S. House subcommittee has issued a joint memorandum on cannabis. The memo, from the U.S. House Committee on Oversight and Reform’s Subcommittee on Civil... Read more
TerrAscend Reports Third Quarter 2022 Financial Results TORONTO, Nov. 14, 2022 /CNW/ – TerrAscend Corp. (“TerrAscend” or the “Company”) (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today reported its financial results for the third quarter ending September 30, 2022. All amounts are expressed in U.S. dollars... Read more
4Front Ventures Reports Third Quarter 2022 Financial Results Generates $37.3 million in Q3 2022 Systemwide Pro Forma Revenue, representing a 9% increase from Q2 2022 and 13% from Q3 2021 Q3 2022 Adjusted EBITDA of $9.3 million, an increase of 2% from Q2 2022 and an increase of 24% from Q3 2021... Read more
Charlotte’s Web Reports 2022 Third Quarter Financial Results Operating Expenses improved 38% Cash increase over Q2 of 2022 DENVER, Nov. 14, 2022 /PRNewswire/ – (TSX: CWEB) (OTCQX: CWBHF), Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”), the market leader in full-spectrum hemp extract wellness products, today reported financial... Read more
The Parent Company Reports Third Quarter 2022 Financial Results Gross margin improved to 34%, compared to 26% in Q3 2021 Sales from 1st party brands increase to 32% up from 26% in Q1 2021 Implemented operations optimization initiatives to realize approximately $13.6 million in annualized savings Completes acquisition of Coastal following quarter-end... Read more
With Republicans projected to win a majority of the House of Representatives after last week’s midterm elections, Sen. Cory Booker (D-NJ) says Democrats who want to enact marijuana reform must either do it “now” during the lame duck session or wait until “many years from now” when his party... Read more
House Democrats and Republicans have co-published a joint memo ahead of a congressional subcommittee meeting on marijuana on Tuesday, laying out key background details on the issue that will likely inform the conversation at the meeting. The House Oversight Subcommittee on Civil Rights and Civil Liberties announced the meeting—titled... Read more
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