43% – How much the AdvisorShares Pure US Cannabis ETF declined in the past week Cannabis investors had high hopes for the election last Tuesday, with strong optimism that Florida would join the ranks of adult-use cannabis states. While a majority of voters approved the measure, Amendment 3 ultimately fell short of the 60% needed […]
One of the few profitable multistate operators in the U.S. cannabis trade, Chicago-based Green Thumb Industries (CSE: GTII) (OTCQX: GTBIF), is “frustrated” but undaunted by this year’s election results, including the failure of recreational marijuana in Florida. “Now that the election is over, the good news for us is that Green Thumb is set up […]
The nation’s largest cannabis company says it is already engaging with Donald Trump’s transition team, betting the president-elect’s pro-business stance and campaign promises could revive an industry rattled by Florida’s failed legalization bid and ongoing federal prohibition. Curaleaf Holdings’ (CURA: CA) (OTCQX: CURLF) CEO Boris Jordan revealed the early outreach during a Wednesday earnings call. […]
Fluent, a subsidiary of Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF), has grand plans for expansion, but the potential for adult-use legalization in Florida isn’t the key driver, according to CEO Robert Beasley. The Tampa-based cannabis company, with is currently the sixth-largest operator in the state by milligrams of THC sold, will increase its growing capacity […]
Cookies Retail has filed a complaint against Cookies Creative Consulting and Promotions claiming the company didn’t follow through with a settlement agreement from a past lawsuit. The case lists several defendants but PTB Investment Holdings, LLC also known as GVB Biopharma is the one most referred to in the case. This problem dates back to […]
The Internal Revenue Service continues to be a thorn in the side of state-legal marijuana businesses, even as their hemp industry cousins largely dodge the taxman’s scrutiny, creating an increasingly lopsided playing field. “Hemp is not subject to 280E, or is at least reasonably interpreted as not being subject to 280E, even if you’re selling […]
Brand collaborations are nothing new to mainstream brands. Doritos married up with Taco Bell, Kanye West and Nike created Yeezy’s, and Target turned its fashion designer collabs into huge marketing events. Now it looks like cannabis collabs could become a thing, as Urban Outfitters and Magnolia Bakery jump into the game. Urban Outfitters Urban Outfitters, […]
Florida’s major cannabis multistate operators have seemingly abandoned the production of CBD and low-THC products which are often favored by patients seeking therapeutic benefits without the psychoactive effects. DocMJ has compiled a full report using the Florida Office of Medical Marijuana Use’s weekly data, which can be found here, to capture this significant shift that […]
AgMedica’s facility should help beef Decibel’s export capabilities as it moves away from Canadian retail. Canadian licensed producer Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF) said Monday that it acquired AgMedica Bioscience Ltd. for a C$6.3 million unsecured convertible debenture. The transaction adds AgMedica’s EU GMP and IMC-GAP certified annual flower production capacity of […]
$361 million – Dollar value of adult-use cannabis products in Massachusetts A new report from cannabis regulators in Massachusetts identified cannabis as the “highest revenue-generating crop” in the commonwealth, coming in with a dollar value of $361 million for 2021. The next highest-ranked crop for that year was cranberries, which had a distant second-place value […]
