Business

Cannabis Farmers in New Mexico Face Challenges in Transporting Product

By / May 13, 2024 /

Some cannabis farmers in New Mexico are facing significant hurdles in transporting their product to northern parts of the state, encountering seizures by U.S. Customs and Border Protection (CBP) at…

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Cannabis Controversy: Andrew Huberman’s Claims Spark Debate Among Experts

By / May 10, 2024 /

Andrew Huberman, a prominent podcaster and wellness figure, has once again come under fire for promoting what some experts deem pseudoscience. Despite Huberman’s impressive credentials — including a PhD in…

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Senator Cory Booker Advocates Cannabis Decriminalization in Visit to Sacramento’s Industry Leader

By / May 10, 2024 /

One of Congress’ biggest advocates for legal cannabis, Senator Cory Booker, made a significant appearance in the California Capitol this week. His aim? To intimately engage with the cannabis industry,…

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Evolving Landscapes: The Impact of Cannabis Reclassification on the US Cannabis Industry

By / May 9, 2024 /

The cannabis industry is abuzz with anticipation as two of its major players, Curaleaf and Trulieve, prepare to report their earnings against the backdrop of potential marijuana reclassification by the…

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Michigan’s Cannabis Growth: $16M Investment Fuels Expansion

By / May 9, 2024 /

C3 Industries, a cannabis operator headquartered in Ann Arbor, Michigan, has recently finalized a $16 million investment deal to construct a new cultivation facility in Connecticut. The property, situated in…

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Trulieve Cannabis Reports Narrowing Quarterly Loss Amid Demand Surge

By / May 9, 2024 /

Trulieve Cannabis, a prominent player in the marijuana industry, announced a notable improvement in its financial performance for the first quarter of the year. The Florida-based company revealed a significantly…

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NY Warns Illegal Cannabis: ‘We Have a Lock with Your Name on It’

By / May 8, 2024 /

In a decisive move to combat illegal cannabis operations, New York City Mayor Eric Adams initiated the closure of 20 illicit stores on Tuesday, marking the commencement of intensified efforts…

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Empowering Tribal Nations: Negotiations Reshape Minnesota’s Cannabis Market

By / May 8, 2024 /

Negotiations are underway in Minnesota, marking a significant step toward determining cannabis licensing for the state’s tribal nations. These discussions hold the potential to not only enable tribes to operate…

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Breaking Barriers: The Quest for Recreational Cannabis in South Dakota

By / May 8, 2024 /

Despite a tumultuous history, advocates of legalizing recreational marijuana in South Dakota are once again making their voices heard, aiming to secure a spot on the state’s November ballot. A…

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Questions Arise Over DEA Administrator’s Involvement in Cannabis Rescheduling

By / May 7, 2024 /

Last week, anticipation buzzed within cannabis circles as rumors swirled about an impending decision from the US Drug Enforcement Administration (DEA) regarding the rescheduling of cannabis. Kevin Sabet, the head…

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Cannabis Market Surges: Wholesale Prices Exceeding Expectations in 2024

By / May 7, 2024 /

In a surprising turn, nitrate prices decreased by 11.5% from $12.52 to $11.08. This significant drop caught many industry analysts off guard and could signal shifts in consumer preferences or…

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Expansion on the Horizon: Canopy USA Executes Options to Acquire Jetty and Wana

By / May 7, 2024 /

Canopy USA, the U.S.-domiciled holding company of Canadian cannabis giant Canopy Growth Corp., has made significant strides in expanding its portfolio with the exercise of options to acquire two prominent…

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