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  • Law Could Allow Cannabis Ads on Local TV, Radio

    2h By Debra Borchardt
    Broadcasters have been notorious for their refusal to air cannabis ads. Even in states where the product is legal, advertisers found themselves being turned down as the Federal Communication Commission (FCC) took the stance that a federally illegal product…
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  • Summer Trends See Sales Spikes on Holidays, Long Weekends

    12:00pm By Joanne Cachapero
    If predicted trends prove to be true, this Thursday, June 30, may be the busiest cannabis retail sales day for summer 2022, as Americans in legal states get ready to celebrate the long 4th of July weekend. Cannabis consumers are likely to celebrate…
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  • The Daily Hit: June 28, 2022

    Tue 9:31pm By Staff
    The Daily Hit is a recap of the top cannabis business stories for June 28, 2022. ON THE SITE Safe Harbor Financial SPAC Postponed Again The Northern Lights Acquisition Corp. (NASDAQ: NLIT), a special purpose acquisition corporation, has rescheduled its…
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  • Jazz Pharmaceuticals MS Study Misses Its Mark

    Tue 2:32pm By Staff
    Jazz Pharmaceuticals plc (Nasdaq: JAZZ) announced top-line results from the Phase 3 RELEASE MSS1 trial (NCT04657666) evaluating nabiximols oromucosal spray (JZP378, or Sativex , ex-U.S.) on clinical measures of spasticity in individuals with multiple sclerosis…
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  • Analysts Are Warming Up To Aurora Cannabis

    Tue 1:57pm By Debra Borchardt
    Two analysts have begun warming up to Aurora Cannabis (NASDAQ: ACB) but for two entirely different reasons. Stifel analyst W. Andrew Carter upgraded his rating on Aurora from Sell to Hold and lowered his target price from C$2.50 to C$2.15. Cantor Fitzgerald…
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  • Aleafia Health Reaffirms Guidance For 2023

    Tue 1:02pm By Debra Borchardt
    Aleafia Health Inc. (OTCQX: ALEAF) reported its financial results for the quarter ended March 31, 2022, with total revenue of $10.7 million versus last year’s $7.5 million for the same time period. The net loss was trimmed to $4.1 million from last year’s…
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  • Safe Harbor Financial SPAC Postponed Again

    Tue 12:37pm By Staff
    The Northern Lights Acquisition Corp. (NASDAQ: NLIT), a special purpose acquisition corporation, has rescheduled its special meeting of stockholders once again to Tuesday, June 28, 2022 at 4:00 pm ET. The vote was originally planned for June 24 in order to…
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  • The Daily Hit: June 27, 2022

    Mon 9:30pm By Staff
    The Daily Hit is a recap of the top cannabis business stories for June 27, 2022. ON THE SITE Safe Harbor Financial SPAC Deal Could Close Today The Northern Lights Acquisition Corp. (NASDAQ: NLIT), a special purpose acquisition corporation, rescheduled its…
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  • Medical Mushrooms Leave No Room For the Magic

    Mon 4:38pm By Dave Hodes
    In Oregon, when voters approved Ballot Measure 109 calling for the legalization of psilocybin in November 2020, there was a silent hurrah throughout the state among people who took magic mushrooms for fun that went something like this: “Now we can go in to a…
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  • ManifestSeven Implodes Despite Raising Millions

    Mon 3:26pm By Debra Borchardt
     How does a company raise millions, make millions, but then basically go out of business in just a few years? It seems to happen more and more in the cannabis industry. ManifestSeven is one such company. Too much debt and bloated salaries conspired to bring…
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