Month: August 2019 (Page 14)

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Trulieve Cannabis Corp., a Florida-based multistate operator, reported record revenue of $57.9 million for the second quarter, up 149% compared with $23.3 million during the same period a year ago. Revenue for the six-month period ended June 30 totaled $102.4 million, nearly triple the $38.5 million the company posted duringContinue Reading

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The world’s largest marijuana company, Canopy Growth, on Wednesday reported improved revenue in its latest quarter, but its losses widened substantially from the same period a year ago. Smiths Falls, Ontario-based Canopy saw revenue rise 250% in the first fiscal quarter of 2020 to 90.5 million Canadian dollars ($67 million)Continue Reading

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The nation’s largest legal organization embraces a policy that would put the federal government out of the prohibition business. The post American Bar Association Tells Feds: Let States Legalize Cannabis appeared first on Leafly. Read More: American Bar Association Tells Feds: Let States Legalize CannabisContinue Reading

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Pennsylvania medical cannabis sales are getting a big lift from the addition of anxiety as a qualifying condition. In less than a month, 3,000 people were certified to buy medical marijuana because of anxiety disorders, the Pennsylvania Capital-Star reported, citing state health officials. The qualifying condition became effective July 20. StateContinue Reading

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A bipartisan group appointed by New Mexico Gov. Michelle Lujan Grisham to study legalizing recreational marijuana is moving forward with two public policy meetings this month. The group was scheduled to meet in Albuquerque Wednesday to hear from officials from the state’s current medical cannabis program and from marijuana licensingContinue Reading

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Researchers at the University of California, Davis have joined forces with Biopharmaceutical Research, which is registered with the U.S. Drug Enforcement Administration, to study marijuana for the benefit of law enforcement, health care providers and scientists. The research could benefit cannabis companies by helping authorities to distinguish between marijuana and hemp. TheContinue Reading

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Ben Cook, a former MedMen chief operating officer, joined competitor Calyx Peak, a Nevada-based marijuana company with a presence in four states. In his new role as COO of Calyx Peak, Cook will oversee the entire company’s operations in California, Massachusetts, Nevada and Ohio, according to a news release. Ed Schmults,Continue Reading