Following up on our discussion in early 2021 about how cannabis investors have embraced publicly traded ancillary companies, New Cannabis Ventures launched its seventh proprietary index, the Ancillary Cannabis Index, at the end of March. The index has significantly outpaced the overall market since the launch, but in January it fell substantially... Read more
Greenlane Reports Preliminary Fourth Quarter and Full Year 2021 Financial Results and Announces Near-Term Investor Conference Participation Q4 2021 Preliminary Revenue of Between $55.5 Million and $56.5 Million Up 54% Year-over-Year, Driven by an Increase in Sales of Greenlane Brands and the KushCo Merger BOCA RATON, FL / ACCESSWIRE... Read more
After retreating 26% in Q4, the Canadian Cannabis LP Index extended its losing streak to seven months as it fell again in January, declining 9.5% to 176.42: The index, which fell 29.2% in 2021 to end at 194.95, has declined 49.4% over the past year: It remains substantially below the all-time closing... Read more
The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis companies. This data-driven, fact-based tracker will continually update based on new financial filings so that readers can stay up to date. Companies must file with the SEC or SEDAR and be current... Read more
Two advocacy organizations are coming together to decriminalize entheogens and continue fighting against the War on Drugs. Decriminalize Nature (DN) and Students for Sensible Drug Policy (SSDP) announced in a press release on January 27 that they are partnering up to target entheogen decriminalization and put an end to... Read more
California courts would face a deadline to implement expungements for past cannabis-related convictions under a bill introduced in the State Assembly on Wednesday. The legislation sponsored by State Assemblymember Mia Bonta would require courts to update case files for marijuana-related convictions and transmit them to the California Department of... Read more
Cannabis tax revenue in Massachusetts is performing better than projected, over four years into the state’s adult-use market. According to the most recently available data, Massachusetts reported collecting $74.2 million in marijuana excise taxes—much more than the $51.3 million in alcohol excise taxes that were collected. Alcohol sales continue... Read more
Two Tennessee state lawmakers this week proposed legislation that would put ballot questions regarding the legalization of marijuana before voters in this year’s general election. The legislation was introduced by a bipartisan duo of state legislators, Democratic Senator Sara Kyle and Representative Bruce Griffey, a conservative Republican. Attempts to... Read more
Craig Gross, an entrepreneur, adult pastor and founder of XXXChurch.com, recently announced that his brand, Christian Cannabis, launched a line of CBD-rich cannabis products on January 27. The brand will offer high CBD, low THC strains developed for Christian cannabis consumers while educating them about the plant and its... Read more
Trulieve Announces Closing of $75 Million Private Placement of 8% Senior Secured Notes TALLAHASSEE, Fla., Jan. 28, 2022 /PRNewswire/ — Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company in the U.S., today announced that it has closed a second tranche of its previously announced private placement... Read more
