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Cannabis Sales Hit $427 Million During The Holidays -- Here's The Breakdown

The last two weeks of the year ended up being some of the most profitable weeks for retail cannabis in 2020. A consumer poll conducted by vertically integrated cannabis and hemp company Glass House Group, prior to the holidays found that a signif...

January 24, 2021

Cannabis MSO MedMen raises $10 million to aid financial-turnaround effort

Multistate cannabis operator MedMen Enterprises said Tuesday it raised $10 million in capital by amending a senior secured debt facility led by Gotham Green Partners. That facility and other debt amendments announced at the same time will dilute ...

January 24, 2021

Organigram revenue stalls on inconsistent inventory, unfulfilled demand

New Brunswick-based cannabis producer Organigram continues to struggle, reporting lower sales and a bigger loss for its first quarter ended Nov. 30, 2020. Net revenue for the three-month period fell to 19.3 million Canadian dollars ($15 million),...

January 24, 2021

Cannabis Delivery Services Are Becoming One of the Hottest Revenue Streams in Cannabis Market

PALM BEACH, Fla., Jan. 22, 2021 /PRNewswire/ -- Revenue projections for the recreational and medical marijuana markets keep rising, each one larger than the previous studies. According to a recent report by ArcView Market Research and BDS Analytic...

January 23, 2021

Why Investors Are Bullish About Psychedelics

Like cannabis, the psychedelics industry has been growing at a locomotive pace. A key reason has been an intriguing trend within the mental health community: the evolving acceptance of psychedelic drugs for treating depression and other mental dis...

January 23, 2021

These States Enter The Billion Dollar Cannabis Club For 2020

Cannabis is a massive new engine in the American economy and there is a tidal wave of demand for cannabis products. As states report cannabis sales numbers for 2020, record highs continue across the country. It's become a billion-dollar business ...

January 23, 2021

The Effects Of Marijuana Legalization On American Real Estate

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Aviva is the Managing Broker of Sonenreich & Co, a third-generation commercial real estate broker, owner and investor in Denver, Colorado....

January 23, 2021

With Biden In White House, Cannabis Pros Expect 'Fresh Influx Of Investment Dollars'

On the heels of the Blue Wave, the markets are anticipating that the MORE Act passed by the House in December will be approved by the Senate. Cannabis pros are expecting the industry to look and feel quite different on the heels of President Joe ...

January 23, 2021

Canadian cannabis sales slip in most provinces in November

November retail sales of recreational cannabis products across Canada fell to 261 million Canadian dollars ($205 million), 3.2% lower than in October, according to the latest data from Statistics Canada. November's sales represent the broadest fa...

January 23, 2021

Aurora raising $125 million with eye on reducing debt

Aurora Cannabis is raising $125 million via a stock-purchase deal to finance general corporate activities, which may include "opportunistically reducing debt," the Alberta company announced Thursday. Aurora said in a news release that it entered ...

January 23, 2021

2020 By The Numbers: Mass. Cannabis Industry Testing Statistics

FRAMINGHAM, Mass., Jan. 22, 2021 /PRNewswire/ -- To recap a year of growth, change, and unprecedented challenges for the Massachusetts cannabis industry, MCR Labs is providing statistics to show a testing laboratory's perspective on how the indust...

January 23, 2021

$31.5 million awarded to community organizations through Illinois marijuana tax program

SPRINGFIELD, Ill. - The Pritzker administration will distribute $31.5 million in grants to groups in disadvantaged areas across Illinois following a successful first year of recreational marijuana sales. This was possible through the Restore, Rein...

January 23, 2021