Marijuana products will soon hit the masses, as the maker of Arizona Tea enters the cannabis market, starting with vape pens and THC-infused gummies. Privately held Arizona Beverage announced Tuesday that it reached a licensing deal with Dixie Brands, which makes and sells drinks, chocolates, gummies and topical creams that are laced with marijuana. Through […]
On the Move
Marijuana-derived epilepsy drug doubles sales, sending GW Pharma stock soaring
GW Pharmaceuticals PLC reported Tuesday afternoon that sales of its cannabis-derived epilepsy drug more than doubled from the previous quarter, sending shares spiking more than 11% higher in after-hours trading. GW Pharmaceuticals GWPH, +10.22% reported second-quarter sales of $68.4 million for Epidiolex, which uses cannabidiol, a compound present in cannabis plants to treat certain forms of epilepsy. Wall Street […]
Cresco Labs’ 56 marijuana dispensaries around the country soon will have the same name: Sunnyside
Cresco Labs is renovating its 56 marijuana dispensaries around the country, including five in Illinois, and reopening them under a single brand name: Sunnyside. The dispensaries will be welcoming and bright and will create room for customers to learn about the products, said Joe Caltabiano, president and co-founder of the Chicago-based cannabis company. There will […]
Bruce Linton says he was fired as co-CEO of Canadian pot company Canopy Growth
Bruce Linton, co-CEO of Canopy Growth, said he was fired from the Canadian pot company he founded in 2013 in an interview with CNBC on Wednesday. Canopy, the world’s largest publicly traded cannabis company by market value, earlier Wednesday announced in a press release that Linton was removed as co-chief executive officer and a member of […]
Global marijuana use rose by 60 percent over the past decade
The global story about cannabis — the most-used recreational drug in the world — is about as fuzzy as your body feels after taking your first hit. While some places, such as states in the US, have legalized the drug, it is strictly prohibited in others. Almost 200 million people smoke pot worldwide according to the2019 World Drug Report, published […]
Marijuana use among baby boomers rose tenfold over decade as seniors seek out cannabis for medical treatment
Marijuana use among seniors in the U.S. rose tenfold over a decade as more baby boomers use it to treat a range of ailments, including pain, anxiety and depression, according to a University of Colorado study. Some 3.7% of U.S. adults age 65 or older used cannabis in the past year, a more than tenfold increase […]
Behind Portland’s blockbuster marijuana deal: a Russian billionaire, cannabis consolidation
A billion dollars for a Portland marijuana company. It’s an astonishing figure. Last month’s deal for Cura Cannabis was the biggest acquisition in the history of legalized marijuana in the United States. It’s a sign of just how quickly the market is emerging. And that’s just the beginning of the story. Curaleaf, the Massachusetts company buying Cura’s […]
TSA approves cannabis-containing epilepsy drug for flights
The Transportation Security Administration will now permit a pediatric epilepsy drug containing cannabis on flights, according to the agency’s guidelines. Its guidelines now say that, subject to “special instructions,” “products/medications that contain hemp-derived CBD or are approved by the FDA are legal as long as it is produced within the regulations defined by the law under the […]
East Coast marijuana market could rival Colorado’s in coming years, report finds
The cannabis industry in the U.S. has long been centered around states like Colorado and Oregon, but now, marijuana sales in Illinois and its neighboring states east of the Mississippi River are poised to rival those out west. The U.S. cannabis market is staring down massive growth, with sales that are expected to reach $22.7 […]
NFL and marijuana: Players hope for change in punishing policy
The pain wasn’t the same as a midair smack from a hulking linebacker while coming across the middle, but former Detroit Lions superstar receiver Calvin Johnson said he needed some serious relief during his 2016 season on “Dancing with the Stars.” “When I was on the dancing show, I was using a CBD (the non-psychoactive ingredient […]
8 in 10 marijuana users combine cannabis and exercise, CU study finds
A large majority of marijuana users say they use the drug before or after exercising and those who partake get more exercise than those who don’t, according to new research from the University of Colorado. Researchers at CU Boulder surveyed 600 adult marijuana users in five states where the drug has been legalized for recreational […]
Corporate America Gears Up for ‘Weed Day’ Celebrations on April 20
Potheads have for decades celebrated their love of marijuana on April 20, but the once counter-culture celebration that was all about getting stoned now is so mainstream Corporate America is starting to embrace it. No, Hallmark doesn’t yet have a card to mark “420.” But many other businesses inside and outside the multibillion-dollar cannabis industry are using […]
AGT Hybrid Greenhouse Awarded Gold in the Energy and Sustainability Category for the 2019 Edison Awards
PRESS RELEASE Groundbreaking new greenhouse design helps growers quickly build an ultra-energy efficient, “cleanroom” technology facility ESCONDIDO, CA. APRIL 11, 2019 – Ancon Development Corporation, a leading designer and developer of advanced facilities, today announced that they were awarded Gold in the Energy and Sustainability category in the 2019 Edison Awards for their new AGT Hybrid […]
N.Y. medical marijuana maker expands into Massachusetts recreational market
Vireo Health, a maker of medical marijuana in New York, is expanding into the recreational marijuana market with the $10 million acquisition this week of a Massachusetts firm. The company bought Mayflower Botanicals Inc., a registered marijuana dispensary certificate holder in Massachusetts. As part of the transaction, Vireo acquired 73 acres of land in rural New Bedford, […]
More seniors seek marijuana for age-related aches
The group of white-haired folks — some pushing walkers, others using canes — arrive right on time at the gates of Laguna Woods Village, an upscale retirement community in the picturesque hills that frame this Southern California suburb a few miles from Disneyland. There they board a bus for a quick trip to a building […]
The marijuana industry looks like the fastest-growing job market in the country
At a time when the rest of the labor market appears to be tightening up, the marijuana industry is just getting started when it comes to job creation, according to a recent report. Pot manufacturers and distributors, on both the recreational and medicinal sides, saw massive job creation in 2018, with 64,389 new positions added […]
Legalizing Marijuana, With a Focus on Social Justice, Unites 2020 Democrats
People in Colorado still remember John Hickenlooper’s crack after the state legalized marijuana, a move he opposed: “Don’t break out the Cheetos or Goldfish too quickly.” But Mr. Hickenlooper, the governor at the time of the 2012 initiative allowing recreational use of cannabis, eventually changed his mind. He acknowledged that fears of increased use by […]
A Chicago-based marijuana company is being bought for $850 million
With Illinois’ marijuana industry staring down massive growth as the state considers legalizing the drug for recreational use, a company based in Phoenix is paying $850 million for Chicago-based cannabis operator Verano Holdings. The deal will give Harvest Health & Recreation the right to operate Verano’s cultivation facility and dispensaries in Illinois, as well as […]
