The Illinois Cannabis Regulation Oversight Office (CROO) announced on Feb. 7 that it launched its Cannabis Disparity and Availability Study, which tasks a contract group to find examples of discrimination within the local cannabis industry. According to CROO, the study “will collect and analyze data and report on whether... Read more
Two of three living members of legendary band Sublime, Bud Gaugh and Eric Wilson, vocalist Bradley Nowell’s widow Troy Nowell, and others announced the band’s line of cannabis Reefers by Sublime. The cannabis line arrives in conjunction with a new live album and double LP $5 at the Door... Read more
NFL star quarterback Aaron Rodgers will be a featured speaker at a psychedelics conference to be held in Denver this summer, less than a year after Colorado voters decriminalized the therapeutic use of psilocybin mushrooms. Touted by the Multidisciplinary Association for Psychedelic Studies (MAPS) as the “largest psychedelic gathering... Read more
Feel like taking your creativity level… a bit higher? Available for booking beginning this week, Seth Rogen partnered with Airbnb to unveil “A High-ly Creative Retreat,” providing a unique getaway in Los Angeles with ceramic activities. The retreat features a ceramic studio with Rogen’s own handmade pottery, a display... Read more
Officials in New Zealand announced this week that they have completed a massive seizure of cocaine at sea, calling it a “major financial blow” to producers and traffickers of the drug. Authorities there said on Wednesday that the seizure was a part of “Operation Hyrdros,” with New Zealand Police... Read more
Canopy Growth Reports Third Quarter Fiscal Year 2023 Financial Results and Announces Canadian Business Transformation Plan Company takes firm actions to transform Canadian business to enable growth and profitability Announces cost reduction program of additional $140-$160 million to be realized over the next 12 months Restructuring includes significant reduction... Read more
Aurora Cannabis Announces Fiscal 2023 Second Quarter Results Cannabis Revenues Up ~20% from Fiscal Q1 2023, Net Revenue¹ of $61.7 Million Achieves Positive Adjusted EBITDA¹ in Line with Prior Guidance Delivers ~$340 Million in Annualized Cost Savings Since February 2020 Balance Sheet Remains in Net Cash Position, Among Strongest... Read more
Ayr Wellness Announces Agreement to Sell Arizona Assets and Option to Acquire Ohio Dispensary Licenses MIAMI, Feb. 09, 2023 (GLOBE NEWSWIRE) — Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator (“MSO”), has signed a Definitive Agreement to sell... Read more
A California lawmaker has introduced a bill that would allow the state’s licensed cannabis consumption lounges to sell freshly prepared foods and beverages and host live events. The measure, Assembly Bill 374 (AB 374), was introduced last week by Democratic Assembly Member Matt Haney. Under California law, cannabis consumption... Read more
The recreational cannabis industry in Oregon is in its “weakest” economic position since the legal market launched in 2016, according to a new report released by state regulators. The report, released last week by the Oregon Liquor & Cannabis Commission, detailed that, after a “banner sales year” in 2020,... Read more
