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Illinois Senate approves adult-use cannabis industry
The Illinois Senate passed a recreational marijuana sales and taxation measure by a vote of 38-17 on Wednesday night. The amended measure now goes to the state House for consideration.…
News May 29
New Colorado law allows outsiders to invest in state’s marijuana industry
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…
News May 29
Former US Rep. Rohrabacher joins cannabis firm BudTrader’s advisory board
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…
News May 29
Marijuana retailer Green Growth Brands logs quarterly net loss of $15.4 million
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…
News May 29
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
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