Following twelve consecutive monthly declines and then a modest gain in April, the American Cannabis Operator Index extended its rally off of its all-time low set in March, increasing 34.7% to 30.20 during May: The index, which launched at the end of October 2018 with a value of 100, reached a... Read more
Researchers studying two altars from an ancient shrine in Israel have discovered that cannabis was used in religious rituals at the site. The discovery is the earliest evidence of cannabis use in the Ancient Near East, according to authors of a study published Thursday in the archaeological journal Tel... Read more
Medical marijuana patients in Montana will gain improved access to their medicine under a state law that goes into effect next week. The measure, Senate Bill 265, eliminates a requirement under existing statute known as tethering that limits patients to using only one medicinal cannabis provider. J.J. Thomas, the... Read more
The technicolor gold rush in the capitalization of psychedelics companies continued Thursday as Red Light Holland, a firm gearing up to enter the psilocybin truffles market in the Netherlands, saw its stock listed on the Canadian Stock Exchange (CSE). The listing follows similar moves by Champignon Brands and MindMed... Read more
Maintains available undrawn capacity of up to $30 million on term loan and $25 million revolving credit facility MONCTON, New Brunswick, May 29, 2020–(BUSINESS WIRE)–Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc. (collectively, the “Company” or “Organigram”), a leading licensed producer of cannabis, is... Read more
Canopy Growth Reports Full Year and 4th Quarter Fiscal 2020 Financial Results; Provides Strategic Review Update Generated Net Revenue of $399 million in FY 2020, up 76% over FY 2019 In connection with previously announced organizational and strategic review, recorded impairment and restructuring charges of $743 million; the majority... Read more
Legislation aimed at expanding Louisiana’s medical marijuana program cleared another hurdle Wednesday, as the bill was passed by the state Senate. The bill, HB819, would broaden the potential pool of eligible medical cannabis patients by permitting a physician to prescribe such a treatment to someone suffering from what the... Read more
A new study offers support to pot smokers who have long insisted that their habit doesn’t prevent them from doing their jobs. The findings, published in the May issue of Substance Use and Misuse, indicated that marijuana users were no more likely to suffer injuries on the job than... Read more
Despite the acceptance that medical cannabis is finally gaining, cannabis for pregnant women, infants, or anyone or anything baby-adjacent is still a majorly taboo topic. A new medical trial for newborn babies could change all that, however. A study led by the NHS Foundation Trust of Guy and St... Read more
Following up on the theme we discussed in this weekend’s newsletter regarding our view that a “third wave” in cannabis investing has commenced, we published an extensive review of the past seven years and our outlook for what lies ahead at Seeking Alpha. If you aren’t familiar with Seeking... Read more
