All posts in CBD News

Key Takeaways; Cannabis Sector Jushi expands Nevada presence by closing on $53.6M acquisition of NuLeaf. American Green is developing its own cryptocurrency. Cannabis real estate investor, NewLake, acquired cultivation property in Missouri for $34.0 million. InterCure reported record breaking $89 million revenue for 2021. Story continues below Key Takeaways; Psychedelic Sector Awakn successfully completed phase one of its drug discovery program. Although the legal cannabis sector has grown swiftly, it is still in its early phases. Nevertheless, the combination of federal legalization delays and unpredictable capital markets disruptors have created a difficult environment that is always changing. Despite these challenges,…

The way Brant Smith sees it, his 70,000-square-foot greenhouse hemp operation in Cheshire is at least the fourth best cannabis growing facility in the state. “I believe that I have the best facility in the state to grow recreational marijuana right now, besides potentially the medical marijuana people,” said Smith, owner of Hydroclonix LLC and its two subsidiaries, Hemp House Farms and Foxboro Farms CBD. Smith, 68, has been a Connecticut farmer for 20 years and has grown hemp at his greenhouse facility at 35 Diana Court, since the state program began in 2019. He sells hemp wholesale, or uses…

New Mexico legalized recreational marijuana in April. Olena Ruban/Getty Images Days after the House passed the Marijuana Opportunity Reinvestment and Expungement Act, which eliminates federal criminal penalties for cannabis and requires courts to expunge convictions of nonviolent marijuana offenders, the Congressional Cannabis Caucus announced Republican Rep. Brian Mast as its newest co-chair. The MORE Act passed the House 220-204, mostly backed by Democrats but with the support of Mast and two other Republicans.  Rep. Brian Mast, a Republican from Florida, is the latest co-chair of the bipartisan Congressional Cannabis Caucus. US House of Representatives “The Constitution never says ‘cannabis,’ but…

TRUMBULL, CT — The recent legalization of adult-use marijuana in CT can present challenges to employers. To assist businesses as they navigate their response and policies, the Connecticut Association of Prevention Professionals (CAPP) is offering a free Zoom workshop – “Marijuana. THC. CBD. OMG: The Employer’s Challenge” – on May 12, 2022 from 9:30-11:30am via Zoom. HR Credits will be offered.

New Congressional Cannabis Caucus leader; NY marijuana tax break to gov; Fed official wants banking; MD psychedelics vote; Drug testing changes Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes Marijuana Moment possible… They say a journalist is a machine that converts coffee into copy. But where do you think the coffee comes from? Readers like you! Josh Glasstetter of the U.S. Cannabis Council: “I’ve been really impressed by the volume and quality of you and Kyle’s work, especially…

Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more. Summary Illinois Cannabis Sales grew 12.5% compared to a year ago in March The House passed the Medical Marijuana Research Act 420 Investor model portfolios have returned -5.9% to -3.4% year-to-date, while the Global Cannabis Stock Index has lost 19.0% Review Illinois​ cannabis sales grew 14.6% sequentially in March to $163 million, which was up 12.5% from a year ago. BDSA data for February showed a lift from depressed January levels across all markets. The House passed similar legislation to the Senate’s…

By Matt Villano Most people know Las Vegas as the entertainment capital of the world, but in recent years the destination has earned another moniker: The Greatest Arena on Earth™. Las Vegas now has professional sports teams in hockey, football, and women’s basketball; world-class arenas and a brand new, state-of-the-art stadium; competitive collegiate programs; minor league baseball and hockey squads; and dozens of sportsbooks. In short, over the last few years, Vegas has come of age as the best place in the country to see live sports. This is one of the reasons WNBA champion Chelsea Gray was seriously pumped…

The Covid years have been very good for the cannabis industry. According to cannabis market research firm BDSA, global legal cannabis sales in 2020 were 45% higher than in 2019, with several leading cannabis companies reporting triple-digit growth in revenues in 2020 over the previous year. These included Trulieve Cannabis, Curaleaf, Verano, Cresco Labs, Green Thumb Industries and TerrAscend. Moreover, the healthy prospects of the global cannabis market were reflected in the mergers and acquisitions (M&A) activity of last year. Two deals pertaining to the cannabis industry—Jazz Pharmaceuticals’ acquisition of GW Pharmaceutical, and Trulieve Cannabis’ acquisition of Harvest Health &…