The deadline for the first adult-use cannabis dispensary licenses in New York arrived on Monday, and now hundreds of applicants await feedback from the state. Monday’s deadline came a month after the state’s Office of Cannabis Management officially opened the application portal on August 25. Since then, the agency... Read more
Ascend Wellness Holdings Initiates Leadership Transition Plan Daniel Neville, CFO, and Frank Perullo, President, Named Interim Co-CEOs; Board Commences Search for CEO to Support Next Phase of Growth Abner Kurtin Becomes Executive Chairman of the Board NEW YORK, Sept. 28, 2022 /PRNewswire/ – Ascend Wellness Holdings, Inc. (“AWH” or... Read more
British American Tobacco announced Monday that it has acquired a non-controlling minority stake in the Berlin-based marijuana startup Sanity Group GmbH. Kingsley Wheaton, the chief growth officer at BAT, characterized the deal as an example of the company’s “ongoing work to explore numerous areas beyond nicotine, positioning BAT for... Read more
Exclusive Interview with 22nd Century Group CEO Jim Mish 22nd Century Group (NASDAQ: XXII) is a plant-based biotechnology that operates three business segments: tobacco, cannabis/hemp and hops. The company aims to stabilize new plant strains and bring them to market. It started in the tobacco space and then moved... Read more
Canopy Growth Announces Divestiture of Canadian Retail Operations Decision supports the Company’s strategic objectives including streamlining Canadian operations, achieving profitability, and advancing a premium brand-driven portfolio for consumers SMITHS FALLS, ON, Sept. 27, 2022 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) announced today that the Company... Read more
iPower Reports Fiscal Fourth Quarter and Full Year 2022 Results Fiscal Q4 Revenue up 50% to a Record $22.1 Million Fiscal 2022 Revenue up 47% to a Record $79.4 Million iPower Management to Host Conference Call Today at 4:30 p.m. Eastern Time DUARTE, Calif., Sept. 27, 2022 (GLOBE NEWSWIRE)... Read more
A South Carolina farmer has filed a lawsuit against the state over the destruction of his hemp crop in 2019. The suit, filed on September 16 by John Trenton Pendarvis, alleges that a trio of state agencies––the South Carolina Law Enforcement Division, Department of Agriculture, and attorney general’s office––“all... Read more
The Australian Greens say that parliament has the power to legalize recreational pot in the country as the party prepares its bid for cannabis reform. According to The Guardian, the Greens––currently the minor party in Australia––have received advice from constitutional lawyer Patrick Keyzer, who contends that parliament could override... Read more
Held at Temple University in Philadelphia on Sept. 23, the summit examined current cannabis policy in Pennsylvania, both at the state and federal level, as well as the new Cannabis Pardon Program. The event was made possible by Diasporic Alliance for Cannabis Opportunities (DACO), as well as Black Cannabis... Read more
Classic genetics such as Bubba Kush Pre-98 and OG Kush varieties will be available on a global scale, as two powerhouses team up. On September 21, Colombia-based multinational juggernaut Clever Leaves announced a partnership with legacy brand House of Kush, to be the exclusive grower and distributor of genetics... Read more
