Ohio’s secretary of state announced last week that cannabis activists had collected enough signatures to force lawmakers to consider a proposal to legalize recreational cannabis. The Campaign to Regulate Marijuana Like Alcohol collected more than 136,000 verified signatures from registered voters, according to the office of Ohio Secretary of... Read more
An armored vehicle company claims that officers from the San Bernardino County Sheriff’s Department and Federal Bureau of Investigation (FBI) stole legally obtained cash from drivers and clients. Empyreal Logistics, a company that transports money for dispensaries and other companies, filed a civil suit in the United States District... Read more
The National Football League (NFL) is taking another step forward by awarding funds to two cannabis research initiatives focused on the effectiveness of cannabis as a treatment for pain management. The NFL announced in a press release on February 1 that it would be presenting $1 million to two... Read more
ScottsMiracle-Gro Announces First Quarter Results; Increases Full-Year Sales Outlook for U.S. Consumer Segment Restructuring of Hawthorne manufacturing footprint announced in effort to drive efficiencies and improve competitive position by reducing costs of LED lighting units MARYSVILLE, Ohio, Feb. 01, 2022 (GLOBE NEWSWIRE) — The Scotts Miracle-Gro Company (NYSE: SMG),... Read more
Verano to Enter Coveted New York, Minnesota and New Mexico Markets with Proposed Acquisition of Goodness Growth Holdings Proposed acquisition expected to further national geographic expansion by adding New York and New Mexico markets ahead of both states’ transition to adult-use; securing one of two vertically-integrated licenses in Minnesota;... Read more
Innovative Industrial Properties Announces Launch of $300 Million Senior Notes Offering SAN DIEGO-February 01, 2022-(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today that its operating partnership, IIP Operating Partnership, LP (the “Operating Partnership”), has commenced a public offering, subject to market and other conditions, of $300... Read more
The Global Cannabis Stock Index fell for the 11th consecutive month, declining 12.9% to 28.62: The index, which was down 27% in Q4, had 38 qualifying members during the month. After increasing 5.2% in 2020, it fell 26.0% in 2021 to 32.85. It has declined 69.1% from its 2021 closing high of... Read more
Debate surrounding a proposal to legalize medical cannabis will continue this week in the South Carolina legislature, with votes on changes to the bill reportedly coming as early as Tuesday. Members of the state Senate began debate last week on legislation introduced by Republican Senator Tom Davis, known as... Read more
Representative Donald M. Payne, Jr. issued an official statement on January 28, announcing his disapproval that not a single cannabis license, out of 56 licenses issued in New Jersey, was granted to Black-owned businesses. New Jersey’s Cannabis Regulatory Commission (CRC) is the entity in charge of issuing any cannabis... Read more
The American Cannabis Operator Index began 2022 with its 11th consecutive decline, falling 7.4% to 38.62: January’s performance follows a Q4 decline of 23.4%. After gaining 45.7% in 2020, when it ended at 63.05, the index was down 33.9% in 2021: The index, which launched at the end of October 2018... Read more
