Day: April 27, 2020

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In another sign that underscores the financial hesitancy hitting the national cannabis industry, Chicago-based Cresco Labs said Monday it’s pulling out of a previously agreed-upon acquisition of Tryke Cos., a vertically integrated marijuana business that operates in Arizona and Nevada. The acquisition, which was revealed last September with a price tag of $282.5Continue Reading

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Cities are starting to decriminalize psychedelics. Here are some conditions that entheogenic plants may help treat. The post 5 medical conditions psychedelics may be able to help treat appeared first on Leafly. Read More: 5 medical conditions psychedelics may be able to help treatContinue Reading

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Federal class action securities lawsuits against publicly traded marijuana businesses doubled from 2018 to 2019, a trend that’s typical in an emerging industry, according to a new report. The report, by Boston-based global law firm Goodwin Procter, detailed 13 cases filed in U.S. federal courts in 2019 compared with sixContinue Reading

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Germany imported 1,032 kilograms (2,275 pounds) of medical cannabis flower for pharmacy dispensing through March 6, an amount that indicates little if any growth versus the average cannabis imported in 2019 over an equivalent amount of time. In 2019, a total of 6,500 kilograms was imported for pharmacy dispensing, whichContinue Reading

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One of Canada’s largest banks trimmed almost a billion dollars off its 2020 forecast for adult-use cannabis sales, mostly because of issues arising from a slow rollout of regulated stores in key provincial markets as well as locations shuttered because of the COVID-19 pandemic. CIBC Capital Markets, the investment banking subsidiaryContinue Reading

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California-based Omura, a marijuana and hemp flower vaporizer company, raised $5 million, with a portion of the funding coming from Bruce Linton, former CEO and founder of Canada’s Canopy Growth Corp. The raise, while not major by cannabis industry standards, is significant during the global coronavirus pandemic when investments areContinue Reading

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A growing number of seniors are using cannabis for medical issues and recreational usage. Find out why. The post Grandma gets high: Why seniors are consuming cannabis appeared first on Leafly. Read More: Grandma gets high: Why seniors are consuming cannabisContinue Reading

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Over the past month, a slew of media stories focused on the sales spike the marijuana industry experienced in mid-March, as the coronavirus crisis took hold across the U.S. and panic-buying skyrocketed. California Marijuana Notebook: Despite media reports, it’s not ‘boom times’ for everyone in state’s cannabis industry is a postContinue Reading