While other parts of the state’s economy languish amid the shutdown triggered by the COVID-19 pandemic, Oregon’s recreational marijuana market is booming. Last month, pot sales in the Beaver State hit $89 million, as reported by local television outlet KHOU, which said that the tally represented a 45% spike... Read more
Seven years after it became the first country in the world to fully legalize marijuana, Uruguay’s youth are no more likely to get high under the new law, according to a new study. In an article to be published in next month’s edition of the International Journal of Drug... Read more
A bill designed to keep marijuana-related convictions out of public view has been vetoed by Maryland’s governor. The bill, House Bill 83, would have barred “the Maryland Judiciary Case Search from in any way referring to the existence of a District Court criminal case in which possession of marijuana... Read more
Advocates hoping to get measures on Ohio’s ballot this fall, including one proposal to decriminalize marijuana in certain municipalities in the state, will be able to collect signatures electronically due to the limitations imposed by the COVID-19 pandemic, a federal judge ruled Tuesday. Judge Edmund Sargus Jr. of the... Read more
Oklahoma is currently working on the implementation of cannabis breathalyzers. This would be a huge step forward, as it would be the first time states could fairly test whether or not drivers are under the influence. According to the Associated Press, the test would be groundbreaking in that it... Read more
Green Growth Brands Obtains Initial Order Under Companies’ Creditors Arrangement Act COLUMBUS, Ohio, May 20, 2020 (GLOBE NEWSWIRE) — Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) announced today that it and certain of its direct and indirect wholly owned subsidiaries (collectively “GGB”, the “Company” or the “Applicants”) have... Read more
Trulieve Reports Strong Operational Results and Record Revenue in the First Quarter of 2020 Market leading presence in Florida fueled record revenue growth TALLAHASSEE, FL, May 20, 2020 /CNW/ – Trulieve Cannabis Corp. (“Trulieve” or the “Company”) (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the... Read more
Hexo Corp. Announces C$50 Million Underwritten Public Offering OTTAWA, May 19, 2020 /CNW/ – HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced the pricing of its previously announced overnight marketed public offering (the “Offering”) of units of the Company (the “Units”) at a price of... Read more
TerrAscend Announces US$30 Million Non-Brokered Private Placement with Indicative Lead Orders of Approximately US$28 Million CAPEX fully funded to complete all planned strategic growth projects NEW YORK and TORONTO, May 19, 2020 /CNW/ – TerrAscend Corp. (“TerrAscend” or the “Company”) (CSE: TER, OTCQX: TRSSF), a leading North American cannabis operator, today announced a non-brokered... Read more
Trichome Financial To Acquire James E. Wagner Through Restructuring Process Premium indoor cannabis cultivation assets acquired free of all liabilities Trichome estimates pro-forma forward twelve-month EBITDA of $10 million with no additional capital spend Total acquisition cost of $13 million or less than 1.5x Trichome’s estimate of pro forma... Read more
