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 […]
On the Move
Marijuana delivery in Massachusetts: Team from alcohol delivery site Drizly launches Lantern, e-commerce cannabis site
The team at Drizly, a Boston-based alcohol e-commerce marketplace, has launched a new company to deliver marijuana. Lantern is the first on-demand cannabis e-commerce company in Massachusetts, according to a news release. While it was started by the team at Drizly, the two companies are separate. The company is starting with delivery of cannabis to certified medical […]
How weed became ‘whatever’: Leagues are ditching old policies
Ricky Williams smoked marijuana a few times in high school, and a couple of times when he played football for the University of Texas. But the first time he noticed the drug helped him relax was during his senior year of college. “I had a really bad breakup with my girlfriend,” Williams said. “And she […]
N.F.L. Bows to Marijuana’s New Status
The 10-year labor agreement between the N.F.L. and players union that was ratified on March 15 is filled with dozens of incremental changes, most notably the one-percentage-point increase in the share of league revenue that the players will receive. One of the biggest overhauls in the agreement, though, was a change the league had long resisted: loosening […]
Cannabis Use Reached All-Time High in March Amid Lockdown Measures
Cannabis use hit an all-time high in March as lockdown measures spread across the U.S., giving people more free time with less to do. A March survey of 2,500 consumers by Cowen & Co. found that 33% had tried cannabis at some point in their lives, a record high. For the past month, 12.8% of […]
$850 million acquisition of Chicago marijuana company Verano Holdings called off
An $850 million deal to buy Verano Holdings has been terminated, marking the second high-dollar acquisition of a Chicago marijuana company to fall through in less than a year. Phoenix-based Harvest Health & Recreation announced it planned buy Verano Holdings just over a year ago. The deal would have given Harvest the right to operate Verano’s cultivation […]
Startup Serving Cannabis Brands and Retailers Draws Veteran Investment Team
PRESS RELEASE Leading Cannabis Media Executive Launches Jage Media, Attracting Key Investors Including BDS Analytics and CanopyBoulder SEATTLE and BOULDER, COLO., March 6, 2020 — Jage Media, a cannabis business event and media firm founded by George Jage, announced the completion of its seed round today. The company debuts with funding from a roster of veteran cannabis […]
More and more older adults are using marijuana
More and more older adults are using some form of marijuana, according to new survey data, and their doctors aren’t prepared to talk with them about it. The percentage of adults over the age of 65 who said they’d used some form of cannabis in the past year was 75 percent higher in 2018 — […]
Arizona’s biggest marijuana company just got bigger and has plans for major national growth
Harvest Health and Recreation, Arizona’s biggest medical-marijuana operator, said on Wednesday it has acquired three shops run by competitor Arizona Natural Selections, giving Harvest 14 of the 120 or so operating retail stores in the state. The companies didn’t disclose the price, other than to say Tempe-based Harvest acquired the licenses for a “non-material” amount […]
Instead of releasing this greenhouse gas, beer brewers are selling it to pot growers
The state of Colorado and three small businesses are trying a novel approach to reduce carbon emissions that sounds like something out of the fever dreams of Willie Nelson: using carbon dioxide produced from beer brewing to help marijuana plants grow. Denver Beer Co., Colorado’s seventh-largest craft brewery by volume, is testing technology developed by Austin-based Earthly […]
