A proposal to legalize recreational cannabis use for adults officially qualified for the Missouri ballot this week, giving voters there the opportunity to end the prohibition on pot this November. Missouri Secretary of State Jay Ashcroft said Tuesday that his office certified the legalization initiative petition for this year’s... Read more
Regulators in the nation’s capital announced last week that they will start inspections of unlicensed cannabis businesses to verify compliance with various laws. The Alcoholic Beverage Regulation Administration said that a “Joint Cannabis Task Force,” which consists of “various government agencies,” will start visiting the businesses next... Read more
A new study, entitled “Everything old is new again: Creating and maintaining a population-level ‘shared reality’ of health risks associated with cigarette use toward both reducing the prevalence and eliminating disparities in cigarette use among all Americans,” was released in the journal Nicotine & Tobacco Research. Research was led by Dr.... Read more
City leaders in San Francisco will consider a proposed ordinance to decriminalize the use of natural psychedelics including psilocybin and ayahuasca when the Board of Supervisors returns from recess next month. The measure, which was introduced by San Francisco Supervisors Dean Preston and Hillary Ronen on July 26, would... Read more
Ever since cannabis became recreationally legal in Colorado, the industry has been on an upturn. Now, for the first time ever, the Colorado industry is trending down. This became most obvious when looking at tax revenue, but there are other signs as well. Dispensaries are closing down, and delivery services... Read more
Leafly Holdings, Inc. Reports Second Quarter 2022 Financial Results Delivered 13.8% revenue growth and 19% ending retail account growth over Q2 2021 100% of all legal dispensaries in New Jersey on the Leafly platform in Q2 SEATTLE, August 11, 2022–(BUSINESS WIRE)–Leafly Holdings, Inc. (“Leafly” or “the Company”) (NASDAQ: LFLY),... Read more
TerrAscend Second Quarter 2022 Revenue Increases 31% Sequentially to $65 Million TORONTO, Aug. 11, 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 second quarter ending June 30, 2022. All amounts are expressed in U.S.... Read more
Schwazze Announces Second Quarter Results Record Quarterly Revenue and Adjusted EBITDA Revenue Increases 44% to $44.3 Million Compared to $30.7 Million in Q2 2021 Adjusted EBITDA of $15 Million, 33.9% of Revenue Revised Guidance Driven by Short-Term, Challenging Colorado Market ConditionsQ4 2022 Projected Revenue Annualized Run Rate: $175 Million... Read more
Glass House Brands Reports Second Quarter 2022 Financial Results SoCal Farm first harvest was in May, and Glass House single month July production was almost equal to output for all of Q2 Record low quarterly cost per pound of $158 at Casitas and Padaro farms in Q2¹ Net cash... Read more
Ontario’s only wholesaler and online retailer of legal cannabis is unable to process orders or make deliveries to weed shops and consumers after one of its technology partners was hit by a cyberattack. The Ontario Cannabis Store announced the shutdown on Monday following the August 5 cyberattack on the... Read more
