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Marijuana packaging firm KushCo: Higher Q2 2019 revenue, but increased losses
KushCo Holdings, a California-based cannabis packaging group, reported revenue of $35.2 million for its fiscal second quarter ended Feb. 28, 2019. This compares with $10.4 million net revenue for the…
News April 11
Cannabis banking bill reintroduced in US Senate
A bipartisan group of more than 20 U.S. senators on Thursday reintroduced the Secure And Fair Enforcement (SAFE) Banking Act to protect financial institutions that serve state-legal cannabis businesses from federal…
News April 11
PA regulators allege Harvest Health misrepresented its state marijuana holdings
Pennsylvania regulators are threatening to take away the medical marijuana dispensary licenses of Arizona-based Harvest Health & Recreation for allegedly misrepresenting its cannabis holdings in the state. The issue stems…
News April 11
Illinois OKs Cresco Labs’ plan to open three more medical cannabis dispensaries
Chicago-based Cresco Labs, a multistate cannabis company, received regulatory approval to acquire a trio of medical marijuana dispensary locations in Illinois. According to a news release, the Illinois Department of…
News April 11
Marijuana firm Trulieve posts massive Q4 net income and revenue gains
Trulieve Cannabis Corp. posted massive fourth-quarter revenue for 2018 and net income gains fueled by the multistate operator’s market-leading position in Florida, the company said in an earnings release. Trulieve…
News April 11
Saskatchewan marijuana growers eligible for agriculture grants
Saskatchewan’s Ministry of Agriculture is allowing cannabis cultivators operating in the province to access cost-sharing grants funded through the Canadian Agricultural Partnership (CAP), a joint federal-provincial program to boost agriculture…
News April 11
Health Canada receives 117 complaints about cannabis promotions
Canadian marijuana businesses are still getting a handle on marketing and branding their products without breaching the country’s strict laws on cannabis promotions. Nearly six months in to the nation’s…
News April 11
Weekly Deal Watch: Busiest week of the year for publicly traded cannabis M&A
With 11 deals closed, last week was the busiest so far this year for M&A deals involving publicly traded cannabis companies.
News April 11
Oregon lawmakers reject plan to restrict recreational cannabis supply
The Oregon Senate shot down a plan to limit the state’s supply of legal, adult-use marijuana, which would have benefited cannabis companies with an established foothold in the state. The…
News April 10
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