Day: June 20, 2019

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Canopy Growth, the Ontario-based marijuana firm, reported net revenue of 94.1 million Canadian dollars ($71.5 million) for the fiscal fourth quarter ended Mar. 31, up from CA$22.8 million in the same period a year ago. Net loss for the quarter was CA$323.4 million compared with CA$54.4 million a year ago.Continue Reading

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There was once a time not so long ago when marijuana legalization was touted as a way to pull people out of the black market and get them to shop for their stoned surplus through legitimate sources. But then, all of a sudden, the conversation turned to, well, maybe legalizationContinue Reading

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The Democratic-controlled US House of Representatives has voted to block the Justice Department from interfering with states that have legalized cannabis for adult use. The post US House OKs Plan to Block Federal Cannabis Interference appeared first on Leafly. Read More: US House OKs Plan to Block FederalContinue Reading

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Congress voted on cannabis’s biggest victory ever on Capitol Hill today. The Blumenauer-McClintock amendment blocks the Department of Justice from using its resources to go after state-legal marijuana providers is the biggest cannabis vote on Capitol Hill since Congress passed a similar measure in 2014 protecting the medical cannabis industry.Continue Reading

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Originating in the guaiacum plant of the Caribbean, the terpene guaiol has been used in natural medicine for hundreds of years and is present in small amounts in some of some common cannabis strains. The post What Is Guaiol & What Does This Cannabis Terpene Do? appeared first on Leafly.Continue Reading

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The House Committee on Small Business heard testimony Wednesday morning from the cannabis industry, with the Heritage Foundation tagging along so certain Republicans on the committee would have someone to ask questions Topics of discussion ranged from requests for access to the Small Business Administration (SBA), the status of ancillary small businessesContinue Reading

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In a landmark move Thursday, the U.S. House of Representatives soundly approved by a 267-165 vote a bipartisan amendment that would protect state-legal cannabis programs from interference by the U.S. Department of Justice. The amendment to the fiscal year 2020 Commerce-Justice-Science spending bill specifically prohibits the Justice Department from usingContinue Reading

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In the Midwest, attitudes toward CBD—and cannabis itself—are changing thanks to the plant’s emerging health benefits and a growing focus on education. The post With CBD Legal, Wisconsin Is Warming to Cannabis appeared first on Leafly. Read More: With CBD Legal, Wisconsin Is Warming to CannabisContinue Reading

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Nevada’s top cannabis regulator defended in court the state’s handling of a recreational marijuana retail licensing round that occurred last year. While not perfect, “the application process was a fair process,” said Jorge Pupo, head of Nevada’s marijuana enforcement division, according to the Las Vegas Sun. Pupo’s testimony in ClarkContinue Reading