The Oregon Health Authority’s Oregon Psilocybin Services Section is currently working on finalizing a regulatory framework to manage psilocybin legalization. While currently partnering with the Psilocybin Advisory Board, these rules are expected to be released by Dec. 31, 2022, as license applications will open up starting on Jan. 2,... Read more
Green Thumb Industries Reports Second Quarter 2022 Results CHICAGO and VANCOUVER, British Columbia, August 3, 2022 — Green Thumb Industries Inc. (Green Thumb) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE dispensaries, today reported its financial results for the second quarter... Read more
Innovative Industrial Properties Reports Second Quarter 2022 Results IIP Closes on $239.4 Million of New Investments in Q2 SAN DIEGO–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today... Read more
Reuters reports this week that “several” such cannabis cafes have opened in the capital city of Bangkok since Thailand decriminalized pot in June, becoming the first country in Asia to do so. When the government removed cannabis from its list of banned substances earlier this summer, officials were adamant... Read more
On the hunt for Runtz in Beantown? Look no further. Ayr Wellness, leading vertically-integrated multi-state cannabis operator, has announced its new partnership with flower brand, Lost in Translation (LIT for short) to bring the finest of West Coast genetics to the Massachusetts market via legacy seed breeders and pheno-hunters,... Read more
The cannabis industry is seeing a need for unions as more workers are hired and more states legalize. There is an increasing call from workers for better conditions, wages, and benefits, and unions are getting interested. Cannabis is continually bringing in more money for the U.S. economy. In 2020,... Read more
Common genetic variations in a particular serotonin receptor could be responsible for the varying effects psychedelic drugs have on different individuals, according to a recently published study from researchers at the University of North Carolina. The study, which comes at a time of reinvigorated research into the potential therapeutic... Read more
Hydrofarm Announces Preliminary Second Quarter 2022 Financial Results and Updates Fiscal 2022 Outlook SHOEMAKERSVILLE, Pa., Aug. 02, 2022 (GLOBE NEWSWIRE) — Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading manufacturer and distributor of hydroponics equipment and supplies for controlled environment agriculture (“CEA”), announced preliminary unaudited... Read more
ScottsMiracle-Gro Announces Third Quarter Financial Results; Introduces Project Springboard to Enhance Shareholder Value Company reduces full-year sales and earnings outlook Company-wide third quarter sales decreased 26% driven by Hawthorne decline of 63% and U.S. Consumer decline of 14% Consumer POS climbed in May & June; year-to-date POS dollars down... Read more
Arkansas state officials announced last week that a proposed ballot measure to legalize recreational marijuana has received enough signatures to qualify for the November ballot. Activists with the group Responsible Growth Arkansas, which is headed by former Arkansas Democratic House minority leader Eddie Armstrong, submitted the petitions to the... Read more
