Day: August 18, 2020

Oregon-based Dutchie, an online ordering platform for cannabis retailers, raised $35 million from a group of investors that include rapper Snoop Dogg’s Casa Verde Capital, NBA star Kevin Durant’s Thirty Five Ventures and former Starbucks CEO Howard Schultz. The raise, which will be used to fund new products and expansion,Continue Reading

Massachusetts-based marijuana business Temescal Wellness plans to destroy more than 40,000 vape cartridges, worth $2.6 million, that have sat unused after the state temporarily banned marijuana vaping during the 2019 health crisis linked to the hardware. “People are just not comfortable with these products, and they’re not comfortable with anyContinue Reading

Packaged inventory of cannabis edibles in Canada has increased much faster than sales in recent months, according to fresh data from the country’s federal health department. Federal license holders, provincial distributors and retailers were sitting on roughly 6.3 million packaged units of cannabis edibles products as of May. That comparesContinue Reading

Though the U.S. government’s temporary lifeline to tens of millions of unemployed workers expired, sales of recreational marijuana products have proved resilient. The $600-a-week unemployment benefit ended July 31, and Congress failed to pass an extension before leaving for its August vacation. The weekly boost brought the disposable income ofContinue Reading