Day: May 29, 2019

Illinois Senate approves adult-use cannabis industry

On: May 29, 2019

The Illinois Senate passed a recreational marijuana sales and taxation measure by a vote of 38-17 on Wednesday night. The amended measure now goes to the state House for consideration. Lawmakers must act before the legislative session ends Friday. Gov. J.B. Pritzker, a Democrat, set adult-use cannabis legalization as aContinue Reading

New Colorado law allows outsiders to invest in state’s marijuana industry

On: May 29, 2019

Colorado Gov. Jared Polis signed a bill Wednesday that for the first time opens the state’s cannabis industry to outside investors. The law is expected to bring new cash flow into Colorado as well as marijuana products from companies that previously were unable to do business in the state. “ByContinue Reading

Former US Rep. Rohrabacher joins cannabis firm BudTrader’s advisory board

On: May 29, 2019

Former U.S. Rep. Dana Rohrabacher, a Republican from California who lost his House seat to Democrat Harley Rouda in 2018, announced on Twitter that he has become a shareholder and advisory board member for BudTrader, an online advertising platform for marijuana products, services, jobs, equipment and more. I’m proud to announceContinue Reading

Marijuana retailer Green Growth Brands logs quarterly net loss of $15.4 million

On: May 29, 2019

Green Growth Brands, an Ohio-based cannabis company, reported quarterly revenue of $5.6 million for the three months ended March 31. It did not report revenues for the same quarter last year. Net loss for the period totaled $15.4 million, compared with a net loss of $593,339 in the same periodContinue Reading

5 Must-Read Books for Cannabis History Lovers

On: May 29, 2019

Obviously, cannabis is trending: Weed has been making headlines left and right! It’s all about what’s next for the popular plant, from the future of financial projections to groundbreaking advancements in the medical world. While this deluge of news keeps cannabis enthusiasts on their toes and creates buzz in theContinue Reading

Workplace Deaths Fell 34% After Medical Cannabis Legalization

On: May 29, 2019

Why? Younger adult workers might be using less alcohol, opioids in medical cannabis states. The post Workplace Deaths Fell 34% After Medical Cannabis Legalization appeared first on Leafly. Read More: Workplace Deaths Fell 34% After Medical Cannabis LegalizationContinue Reading

Cannabis group Cresco Labs sees revenue increase, loss in first quarter

On: May 29, 2019

Cresco Labs, a Chicago-based, vertically integrated cannabis company, reported quarterly revenue of almost $21.1 million for the three months ended March 31, up from $5.1 million in the corresponding period in 2018. The company reported a net loss of $7.6 million for the period, compared with year-ago net income ofContinue Reading

Marijuana firm MedMen records $63.1 million loss in 3Q, slashes executive salaries

On: May 29, 2019

Los Angeles-based MedMen reported revenue of $36.6 million and a net loss of $63.1 million for its fiscal third quarter, ended March 30. Marijuana firm MedMen records $63.1 million loss in 3Q, slashes executive salaries is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Continue Reading

5 Cannabis Strains to Enjoy While Chillin’ by the Pool

On: May 29, 2019

Summer’s here and it’s time for fun by the pool. Take these cannabis strains with you for the perfect time. The post 5 Cannabis Strains to Enjoy While Chillin’ by the Pool appeared first on Leafly. Read More: 5 Cannabis Strains to Enjoy While Chillin’ by the PoolContinue Reading

Trulieve continues to buck cannabis earnings trend with increased Q1 profit

On: May 29, 2019

Florida-based Trulieve Cannabis Corp. reported revenue for the first quarter of $44.5 million, nearly triple the $15.2 million recorded a year ago. Trulieve continues to buck cannabis earnings trend with increased Q1 profit is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Continue Reading

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