When Congress legalized industrial hemp in 2018, it prompted a tidal wave of CBD-based products while also eliminating a front in the war on drugs. But in Texas, some local law enforcement officials continue to fight the old battle, as a report this week in the Dallas Observer highlights.... Read more
The organization behind the state issue to legalize adult-use cannabis in Ohio stomped its counterpart opposition group, outraising them in funds ahead of the general election—by a 3-1 margin. Cannabis advocates are currently assembling to rally round before Ohio voters head to the ballot box next week to decide... Read more
According to a recent report from The Japan News, the region with the most hemp cultivation in Japan is the Tochigi Prefecture, located north of Tokyo. Farmers in the area initially cultivated a variety of hemp called Tochigishiro in 1982, which they still grow today. The number of hemp... Read more
ScottsMiracle-Gro Announces Fiscal 2023 Full-Year Results Full-year total Company net sales of $3.55 billion in line with guidance Free cash flow of $438 million improved $681 million year over year; Company reaffirms $1 billion in free cash flow over two years through Fiscal 2024 Project Springboard cost savings contribute... Read more
As we described in a previous article, the Global Cannabis Stock Index plunged in October after three consecutive monthly gains. That index is now down 26.1% year-to-date, which has followed a record decline of 70.4% for 2022. In this article, we summarize the performance of the other managed indices that New Cannabis Ventures... Read more
Innovative Industrial Properties Reports Third Quarter 2023 Results 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 results for the third quarter ended September 30, 2023. Third... Read more
Cannabis stocks, as measured by the Global Cannabis Stock Index, exploded higher in late August on news that the Department of Health and Human Services had recommended to the DEA that it move cannabis from Schedule 1 to Schedule 3, and the move continued into September. October wiped out the... Read more
Some routine repairs on the International Space Station unveiled something mysterious last week when a Russian astronaut found holes drilled into the side of the orbiting vessel. According to a NASA press release, two Russian astronauts by the names of Oleg Kononenko and Nikolai Chub were on a spacewalk... Read more
A handful of cannabis companies recently initiated a lawsuit with U.S. Attorney General Merrick Garland regarding the negative effects of federal prohibition, which hinders their business. According to the plaintiffs, which includes Massachusetts-based Canna Provisions Inc., Wiseacre Farm, Inc., and Gyasi Sellers, and Illinois-based Verano Holdings Corp., the Controlled... Read more
The Palm Springs City Council voted last week to put a temporary moratorium on issuing new cannabis licenses while civic leaders consider steps to rein in the growth of the regulated weed industry. The council voted 4-0 to issue the 45-day moratorium, with Councilmember Christy Holstege recusing herself from... Read more
