Marijuana company sued for not making customers high enough October 26, 2022 AggregatedNews Producers 0 Comments A California cannabis company is being sued by two local consumers for allegedly lying about the potency of its products. Jasper Centeno of Long Beach and Blake Wilson of Fresno filed a lawsuit in state court last week accusing DreamFields Brands of… Read More→
Illinois craft marijuana growers can get back to work after judge lifts order that put industry on hold June 16, 2022 AggregatedNews Illinois 0 Comments Craft cannabis growers in Illinois may resume preparing to open for business after a judge Wednesday ended his order that prevented the state from expediting new licenses. Winnebago County Circuit Judge Stephen Balogh ruled that jilted license applicants challenging the… Read More→
Marijuana regulation bill fails in Delaware House May 20, 2022 AggregatedNews Delaware 0 Comments A bill establishing a structure for regulating the production and sale of marijuana failed in the State House Thursday. State Rep. Edward Osienski’s (D-Newark) bill would have imposed a 15% tax on marijuana sales and created a limited number of… Read More→
Aurora Cannabis Sees a Path to Profitability. The Stock Trades Higher. September 30, 2021 AggregatedNews Producers 0 Comments Aurora Cannabis was rising Tuesday after fiscal fourth-quarter sales missed analysts’ estimates but the Canadian cannabis company said cost savings should “clear a path” for being adjusted Ebitda positive. Analysts at MKM Partners upgraded the stock to Neutral from Sell. Sales… Read More→
A New York Prison Locked Men Up For Drugs. Now the Site Will Grow Marijuana May 31, 2021 AggregatedNews New York 0 Comments Until closing a decade ago, a sprawling state prison in this town northwest of New York City locked up men convicted of drug offenses and other crimes. Now Warwick aims to turn what was a medium-security complex in Orange County… Read More→
State of New Mexico turns down request for higher marijuana plant counts May 7, 2021 AggregatedNews New Mexico 0 Comments The state of New Mexico on Wednesday turned down a request from multiple medical cannabis producers for an immediate increase in plant counts to avert what they predicted would be a shortage in supply after a new law legalizing use… Read More→
Aurora Cannabis Forecasts Sales At High End, But Marijuana Stocks Fall November 2, 2020 AggregatedNews Cannabis Investments 0 Comments Aurora Cannabis stock fell on Friday, even as the Canadian cannabis producer said it expects fiscal first-quarter sales and adjusted margins to come in at the high end of its expected range. Other marijuana stocks were mixed. The company sees… Read More→
Marijuana Stocks: Aurora Cannabis Forecasts Lower Sales As New CEO Steps In September 23, 2020 AggregatedNews Cultivation 0 Comments Aurora Cannabis stock fell hard after hours after the Canadian pot producer forecast falling cannabis sales in the current quarter, while net sales for its fourth quarter came in slightly below estimates. The company reported the Q4 results and Q1… Read More→
Oregon’s marijuana businesses face threat from devastating wildfires; 1 in 5 under some evacuation level statewide September 10, 2020 AggregatedNews Oregon 0 Comments Southern Oregon wildfires this week have plowed through small towns, leveled hundreds of homes and businesses and now threatens part of the state’s prized – and lucrative – outdoor cannabis crop. Statewide, an estimated 20 percent of state-licensed marijuana businesses… Read More→
Cannabis firm Aurora’s stock jumps 19% in pre-market trading as sales surge during coronavirus May 15, 2020 AggregatedNews Cultivation 0 Comments Canada-based marijuana producer Aurora Cannabis pulled off high sales during the early months of the coronavirus pandemic. The licensed weed producer in Alberta posted third quarter revenues of $53.4 million (all figures in this post are in US dollars) on Thursday -… Read More→
Tilray says coronavirus has not materially impacted its ability to sell marijuana May 11, 2020 AggregatedNews Cultivation 0 Comments The COVID-19 pandemic has not materially hurt cannabis producer Tilray Inc.’s ability to sell pot to medical patients and recreational customers, the company said late Monday as it reported a wider-than-expected net loss. Shares of Tilray TLRY, +3.85% fell 1.9% in the extended… Read More→
Instead of releasing this greenhouse gas, beer brewers are selling it to pot growers February 18, 2020 AggregatedNews On the Move 0 Comments 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… Read More→
Canopy Growth to cut more costs after smaller-than-expected loss February 14, 2020 AggregatedNews Cannabis Investments, Processing 0 Comments Canopy Growth Corp WEED.TO on Friday reported a smaller-than-expected loss in the third quarter, as the Canadian pot producer kept a tight lid on costs amid growing investor pressure to turn in a profit. U.S.-listed shares of the company rose over 15%… Read More→
Second manufacturer joins Iowa’s medical marijuana program August 19, 2019 AggregatedNews Iowa 0 Comments As Iowa’s medical marijuana program this week meets its latest benchmark set by a law outlining its expansion, patients and caregivers can expect more products to become available to them in the future, state manufacturing officials indicate. Thursday marked the… Read More→
Second manufacturer joins Iowa’s medical marijuana program August 15, 2019 AggregatedNews Iowa 0 Comments As Iowa’s medical marijuana program this week meets its latest benchmark set by a law outlining its expansion, patients and caregivers can expect more products to become available to them in the future, state manufacturing officials indicate. Thursday marks the… Read More→