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Evolve to launch ETF focused on US marijuana stocks
Evolve Funds Group, a Toronto-based fund manager with assets of 430 million Canadian dollars ($322.5 million), plans to launch an exchange-traded fund (ETF) focused on U.S. cannabis stocks. The U.S.…
News April 2
Multistate cannabis operator Vertical closes $58 million Series A funding round
Los Angeles-based Vertical Companies – a vertically integrated multistate cannabis firm – closed a $58 million Series A funding to build out the company’s footprint and bring its brands to…
News April 2
Colorado House panel advances marijuana home delivery bill
Colorado would allow home delivery of medical cannabis next year and recreational marijuana in 2021 under a bill approved by a state House committee on Tuesday. Home delivery could permit…
News April 2
Canadian bank throws cold water on marijuana revenue forecasts
The Bank of Montreal (BMO) is warning investors that revenues from adult-use cannabis in Canada could come in lower than expected over the coming quarters due to the slow build-out…
News April 2
iAnthus reports revenue growth, wider losses as cannabis operations expand
Multistate marijuana company iAnthus Capital reported revenue of $2.2 million for the fourth quarter ended Dec. 31, 2018, up 165% from the same period a year ago. For the full…
News April 2
Chart: Are Nevada cannabis sales beginning to plateau?
Nevada's marijuana sales advanced in 2018, but the state's once-sizzling growth rate is showing signs of cooling.
News April 2
Judge sets April 9 hearing for Michigan’s unlicensed medical marijuana stores
A Michigan judge will consider arguments on April 9 regarding legal efforts to block state regulators from shutting down roughly 50 unlicensed medical cannabis facilities that have yet to obtain…
News April 1
Nevada sued over lack of transparency in adult-use cannabis licensing
A group of marijuana businesses in Nevada has sued the state, alleging a recent recreational marijuana licensing round wasn’t transparent and was “ripe for corruption.” Six suits now have been…
News April 1
Michigan seeks more volunteers for adult-use marijuana rules work groups
Michigan regulators are asking for additional volunteers to provide input for the state’s recreational cannabis rules at workshops in Detroit and Marquette later this month. The state previously selected 57…
News April 1
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