AWH ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS Q4 2023 Net Revenue Increased 25% Year-over-Year to $140 million Q4 2023 Adjusted EBITDA Increased 15% Year-over-Year to $32 million Full Year 2023 Net Revenue Increased 28% Year-over-Year to $519 million Full Year 2023 Adjusted EBITDA Increased 14% Year-over-Year... Read more
Cannabis companies and (depending on the state) brands often use license agreements to grow their brands. If done correctly, they can be a huge driver of revenue for the brands and licensees, and can grow the good will of the brand across a particular territory. However, they are notoriously easy to botch. A bad license
The hemp-derived fiber market is growing exponentially. The Business Research Company, a global market research and consulting firm located across the globe, updated its reports with latest data on hemp fiber for 2024 and projections up to 2033, and the projections look promising. The Business Research Company’s “Hemp Fiber... Read more
Voters in Humboldt County last week soundly rejected a ballot measure that would have tightened regulations on the area’s famed cannabis industry. Known as Measure A, the initiative was defeated at the polls on March 5, with more than 73% of the voters casting their ballot against the proposal.... Read more
According to multiple reports late last week, MedMen has shuttered all but two of its stores in California. “Only MedMen stores in San Diego and near Los Angeles International Airport remain open,” MJBizDaily reported on Friday. Green Market Report, citing a former staffer at the company, reported that “... Read more
Delaware officials have released a third package of informal draft rules for the state’s adult-use marijuana market that’s set to launch next year. The Office of the Marijuana Commissioner (OMC) published the proposed regulations on Monday, with new sections related to issues such as cannabis testing, sampling, disposal, variances... Read more
Lawmakers in Hawaii’s House of Representatives are set to take up a Senate-passed bill to legalize and regulate adult-use marijuana this week. The chair of one committee slated to consider the measure is optimistic about its chances of being enacted into law, but others—including the House speaker—say the legislature... Read more
Just days after promoting marijuana reform actions during his State of the Union address, President Joe Biden has released a budget plan that proposes to maintain a controversial provision prohibiting Washington, D.C. from using its local tax dollars to legalize cannabis sales. The Fiscal Year 2025 budget request, sent... Read more
Amsterdam, a city long associated with relaxed weed rules, has been left out of a pilot experiment with legal cannabis sales now underway in the Netherlands. In a vote last week in the Netherlands’ lower house of Parliament known as the Tweede Kamer, lawmakers excluded Amsterdam from a list... Read more
The Virginia Department of Forensic Science (VDFS) recently released a report regarding its federal funded study to research reliable testing methods for detecting THC in blood. DFS was originally granted $290,353 in 2020 by the Department of Justice’s National Institute of Justice. “The goal of this research project is... Read more
