Canopy Growth Corp (WEED.TO), (CGC.N) on Friday reported a bigger-than-expected quarterly loss as its recreational cannabis business lost market share due to delayed product launches and the company abandoned a profitability target. Its U.S.-listed and Canadian shares ended down about 21% as the company withdrew its forecast of becoming EBITDA positive by the end of […]
Industry News
Cresco Labs Announces First Quarter 2020 Results
PRESS RELEASE Record revenue of $66.4 million in Q1’20, 60% growth over Q4’19 revenue, 26% growth on the same asset base as net pro-forma Q4’191 Completed largest cultivation expansion in company history adding 6x cultivation space in Illinois and 4x cultivation space in Pennsylvania with incremental first harvests continuing on a rolling basis throughout 2020 […]
‘Cannabis college’: Five universities to offer first ever online marijuana courses, seeing opportunity amid coronavirus
As federal lawmakers in Washington continue to slow-walk — or outright oppose — the legalisation of marijuana, the budding industry is plowing ahead making crucial inroads with another institution of prestige to help lend it legitimacy: higher education. Five universities — three public state schools and two private Catholic colleges — have partnered with cannabis education company Green […]
Best Practices for Cannabis Vaporizer Device Manufacturers (2020)
This article explores a few of the evolving industry standards, customs, and practices percolating throughout the cannabis vapor industry. Industry standards are generally accepted requirements or business customs followed by members in an industry. From a marketing perspective, adhering to industry standards is critical to demonstrate that your products are mechanically and electronically safe as […]
The Six Rs Of Product Strategy In A Downturn
As America recovers from a tumultuous Memorial Day weekend, attention will turn to the next notable dates on the timeline to what will hopefully be to a safer and more productive country. The end of the pandemic, while not necessarily near, can at least be better understood. On May 10, the New York Times ran […]
Lavish Parties, Greedy Pols and Panic Rooms: How the ‘Apple of Pot’ Collapsed
The warm California sun shone down on Adam Bierman as he stepped up to the ceremonial ribbon strung across the entrance of his latest triumph: a new store on Abbot Kinney Boulevard in Venice, the hottest retail strip west of the Mississippi. Bierman stood facing a pack of clamoring photographers. Behind him, inside the shop, […]
Utah attorney general wants Congress to let marijuana businesses use banks
Utah Attorney General Sean Reyes joined a bipartisan coalition of 34 state and territorial attorneys general asking Congress to let legal marijuana businesses access the federal banking system. They are urging Congress to pass the federal Secure and Fair Enforcement (SAFE) Banking Act or a similar bill as part of upcoming COVID-19 relief legislation. “This bill would […]
Canada’s Aurora Cannabis surges after making a CBD deal to enter the lucrative U.S. market
Aurora Cannabis has agreed to buy U.S.-based CBD company Reliva, giving the struggling Canadian company a business foothold in America. Shares of Aurora closed off nearly 13% ahead of the Wednesday afternoon announcement. The stock surged higher in after-hours trading. However, over the past 12 months, Aurora has lost nearly 90% of its stock market value […]
Smoke & Mirrors, ‘High Times’ Called Out For ‘Canna-Greed’ in Pot Shop Deal
The iconic marijuana mag maneuvered to buy a Union Square dispensary. When High Times announced an $80 million deal April 28 to buy more than a dozen California cannabis dispensaries, the storied stoner brand called out one location in particular: the emerald jewel of the acquisition spree was to be a ritzy shop in San […]
Government Agencies Approve MMJ’s Import of Marijuana for Research
PRESS RELEASE ST.PETERSBURG, FL / ACCESSWIRE / May 21, 2020 / Multiple government agencies have cooperated to allow MMJ International Holdings to import cannabis extracts to the United States, for use in potential therapies the company is developing for clinical trials in Huntington’s disease and multiple sclerosis. The cannabis plant makes numerous compounds called cannabinoids, […]
