MJBizDaily · Page 446

California legislator scraps bill to hike number of cannabis retail licenses
May 30, 2019, 5:38 pm By Joey Pena
California Assemblyman Phil Ting has shelved a measure to increase the number of marijuana retail…

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Green Thumb reports $27.9 million in quarterly marijuana revenue
May 30, 2019, 5:00 pm By Nick Thomas
Green Thumb Industries, a Chicago-based multistate cannabis company, reported revenue of $27.9…

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New Jersey Senate votes to advance medical cannabis expansion bill
May 30, 2019, 4:08 pm By Joey Pena
The New Jersey Senate voted 33-4 on Thursday to advance a bill that would boost medical marijuana…

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Arizona law firm ordered to pay $150K for meritless marijuana suit
May 30, 2019, 1:25 pm By Jeff Smith
Arizona’s highest court has concurred that a Phoenix law firm must pay roughly $150,000 in legal…

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Alberta to license 115 new cannabis stores over next 6 months if supply continues to rise
May 30, 2019, 11:56 am By Matt Lamers
Alberta regulators have reversed a moratorium on the issuance of new adult-use cannabis retail…

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New Jersey cannabis firms make pivot to medical as adult-use prospects fade – for now
May 30, 2019, 11:30 am By Jeff Smith
Prospective businesses laid the groundwork in anticipation that lawmakers would legalize the…

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Cannabis capital ‘rotating’ away from Canada to United States, analyst says
May 30, 2019, 10:45 am By Matt Lamers
Cannabis businesses and investors seeking higher returns and more potential are looking beyond…

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Medical marijuana extracts ruling could open a business gateway in Arizona, experts say
May 30, 2019, 8:30 am By John Schroyer
The Arizona Supreme Court handed the state’s medical cannabis industry a significant legal…

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Exclusive: US retail marijuana sales on pace to rise 35% in 2019 and near $30 billion by 2023
May 30, 2019, 6:30 am By Eli McVey
Retail sales of medical and recreational cannabis in the United States are on pace to eclipse $12…

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Illinois Senate approves adult-use cannabis industry
May 29, 2019, 8:37 pm By Jeff Smith
The Illinois Senate passed a recreational marijuana sales and taxation measure by a vote of 38-17 on…

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New Colorado law allows outsiders to invest in state’s marijuana industry
May 29, 2019, 7:57 pm By Howard Burns
Colorado Gov. Jared Polis signed a bill Wednesday that for the first time opens the state’s…

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Former US Rep. Rohrabacher joins cannabis firm BudTrader’s advisory board
May 29, 2019, 7:30 pm By Joey Pena
Former U.S. Rep. Dana Rohrabacher, a Republican from California who lost his House seat to Democrat…

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Marijuana retailer Green Growth Brands logs quarterly net loss of $15.4 million
May 29, 2019, 7:09 pm By Nick Thomas
Green Growth Brands, an Ohio-based cannabis company, reported quarterly revenue of $5.6 million for…

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Cannabis group Cresco Labs sees revenue increase, loss in first quarter
May 29, 2019, 5:40 pm By Nick Thomas
Cresco Labs, a Chicago-based, vertically integrated cannabis company, reported quarterly revenue of…

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Marijuana firm MedMen’s fiscal Q3 sales climb, losses narrow
May 29, 2019, 5:29 pm By Lisa Bernard-Kuhn
Los Angeles-based MedMen reported revenue of $36.6 million and a net loss of $63.1 million for its…

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Trulieve continues to buck cannabis earnings trend with increased Q1 profit
May 29, 2019, 4:12 pm By Jenel Stelton-Holtmeier
Florida-based Trulieve Cannabis Corp. reported revenue for the first quarter of $44.5 million,…

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CBD maker Charlotte’s Web to start trading on Canada’s top stock exchange
May 29, 2019, 12:33 pm By Nick Thomas
Charlotte’s Web, a Boulder, Colorado-based CBD manufacturer, said Wednesday it received approval…

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Backlog of Canadian marijuana application transfers cut in half
May 29, 2019, 12:29 pm By Matt Lamers
The backlog of cannabis companies in Canada yet to transition their federal license applications to…

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Marijuana investing, hedge funds and building a multistate MJ company: Q&A with Ascend CEO Abner Kurtin
May 29, 2019, 8:00 am By Omar Sacirbey
Abner Kurtin spent almost his entire professional career in the hedge fund and investment industries…

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Don’t be the next casualty in California’s evolving marijuana market
May 29, 2019, 6:30 am By John Schroyer
Thousands of marijuana businesses have left California since the Golden State industry's 2018 pivot…

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