by LeafAlert - 2 weeks ago
After receiving the greenlight from Health Canada, preparations are underway in southern Ontario for what will soon be Canada’s largest legal outdoor cannabis farm. Located on 100 acres of land in Brant County, just west of Hamilton, Ont., 48North’s farm is about to be home to 250,000 marijuana pla...
by LeafAlert - 2 weeks ago
Colorado Gov. Jared Polis signed a bill Wednesday that for the first time opens the state’s cannabis industry to outside investors. The law is expected to bring new cash flow into Colorado as well as marijuana products from companies that previously were unable to do business in the state. “By perm...
by LeafAlert - 2 weeks ago
Former U.S. Rep. Dana Rohrabacher, a Republican from California who lost his House seat to Democrat Harley Rouda in 2018, announced on Twitter that he has become a shareholder and advisory board member for BudTrader, an online advertising platform for marijuana products, services, jobs, equipment an...
by LeafAlert - 2 weeks ago
Green Growth Brands, an Ohio-based cannabis company, reported quarterly revenue of $5.6 million for the three months ended March 31. It did not report revenues for the same quarter last year. Net loss for the period totaled $15.4 million, compared with a net loss of $593,339 in the same period in 2...
by LeafAlert - 2 weeks ago
Cresco Labs, a Chicago-based, vertically integrated cannabis company, reported quarterly revenue of almost $21.1 million for the three months ended March 31, up from $5.1 million in the corresponding period in 2018. The company reported a net loss of $7.6 million for the period, compared with year-...
by LeafAlert - 2 weeks ago
(This article has been updated to include details of the cost-cutting measures being undertaken by the company, including a reduction of executive salaries.) Los Angeles-based MedMen reported revenue of $36.6 million and a net loss of $63.1 million for its fiscal third quarter, ended March 30, 2019....
by LeafAlert - 2 weeks ago
Despite the discovery of a “product resembling cannabis” that was actually carfentanil, there are no documented cases of opioids being found in marijuana in Canada, according to the Ontario Harm Reduction Network (OHRN). Some public health organizations and police forces have issued the warnings af...
by LeafAlert - 2 weeks ago
The state associations sent a joint letter in support of legislation that would allow financial institutions to service marijuana businesses without fear of federal enforcement. State Banking Associations in all 50 states and Puerto Rico are urging the United States Senate to allow cannabis busines...
by LeafAlert - 2 weeks ago
Join Craig Ex Thursday at 4:20pm PT from Studio710, for another episode of “Expert Joints LIVE!” This week Craig welcomes Scott from OG Tasty Buds, and Brandon for How I Roll. Tha Big Puffa brings music from the Hazmat Crew for Dab Time, and a new Chronic Cooking video makes it’s debut too. Cha...
by LeafAlert - 2 weeks ago
Florida-based Trulieve Cannabis Corp. reported revenue for the first quarter of $44.5 million, nearly triple the $15.2 million the company recorded a year ago. Profit for the vertically integrated medical marijuana firm more than doubled to $14.7 million, compared with $6.9 million in the first qua...
by LeafAlert - 2 weeks ago
Synthetic cannabinoids are a major problem for the cannabis industry, but do they represent all that’s wrong with it? Companies investing in manufacturing synthetic cannabinoids don’t seem to think so. Every now and then we hear news of people getting seriously ill from consuming synthetic cannabin...
by LeafAlert - 2 weeks ago
Mike Tyson and Jake Plummer are among the athletes calling for change to allow cannabis use in the world’s top competition. A group of more than 150 professional athletes, ranging from Olympic medalists to Super Bowl Champions, have petitioned the World Anti-Doping Agency (WADA) to remove marijuana...
by LeafAlert - 2 weeks ago
For food, there’s Seamless, GrubHub, Doordash. For booze, there’s Drizly, Saucey and Drinkfly. And for weed, there’s Eaze, Weedmaps and Budly. All are iOS and Android apps that get users what they want, when they want it, right to their door. But very soon, Android users won’t be able to browse for...
by LeafAlert - 2 weeks ago
While issues such as banking access and providing adequate supply to meet demand have dominated headlines in areas where cannabis has been legalized, another major issue currently faces those states and nations where the industry went from black market to licensed overnight. Aiming to address the i...
by LeafAlert - 2 weeks ago
Charlotte’s Web, a Boulder, Colorado-based CBD manufacturer, said Wednesday it received approval to uplist to the Toronto Stock Exchange (TSX). The company expects to start trading on the TSX on May 31 and will maintain its Canadian Securities Exchange ticker symbol CWEB. The move to the TSX – the...