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California cannabis regulators’ fraud case against testing lab unravels
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Cannabis group Cresco Labs sees revenue increase, loss in first quarter
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…
News May 29
Marijuana firm MedMen records $63.1 million loss in 3Q, slashes 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.
News May 29
Trulieve continues to buck cannabis earnings trend with increased Q1 profit
Florida-based Trulieve Cannabis Corp. reported revenue for the first quarter of $44.5 million, nearly triple the $15.2 million recorded a year ago.
News May 29
CBD maker Charlotte’s Web to start trading on Canada’s top stock exchange
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…
News May 29
Backlog of Canadian marijuana application transfers cut in half
The backlog of cannabis companies in Canada yet to transition their federal license applications to the new system has been cut in half since the start of the year, but…
News May 29
Marijuana investing, hedge funds and building a multistate MJ company: Q&A with Ascend CEO Abner Kurtin
Abner Kurtin spent almost his entire professional career in the hedge fund and investment industries before founding Boston-based Ascend Wellness in 2018 and trying his hand as the CEO of…
News May 29
Don’t be the next casualty in California’s evolving marijuana market
Thousands of marijuana businesses have left California since the Golden State industry's 2018 pivot from a 20-year gray market into one of the most highly regulated MJ business landscapes in…
News May 29
European nonprofits take lead in CBD safety testing, call for consistent standards
The popularity of CBD in Europe is on the rise, even though the market has no clear rules nor industrywide standards to ensure reliable and safe products across the continent. For…
News May 29
Multistate cannabis firm Acreage reports first-quarter net loss of $31.2 million
Acreage Holdings, a New York-based multistate cannabis operator, reported quarterly revenues of $12.9 million for the three months ended March 31, 2019. The company also reported a net loss for…
News May 28
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