Cannabis News Box

Trump proposes to delete rule regarding state medical cannabis protections

Trump proposes to delete rule regarding state medical cannabis protections

Bethan Rose Jenkins, Cannabis News Writer/Editorial

February 18, 2020

President Donald Trump has never been overly vocal of his support for legal cannabis and it seems that he is doing whatever it takes to halt the industry’s progression. A recently published Marijuana Moment article revealed that Trump wants to eliminate an existing policy that was initially introduced by Congress to safeguard the interests of cannabis-friendly states. Included in Trump’s fiscal 2021 budget plan, the proposal would tear down protection...

Deadly coronavirus in China could have repercussions for the cannabis industry

Deadly coronavirus in China could have repercussions for the cannabis industry

Bethan Rose Jenkins, Cannabis News Writer/Editorial

February 17, 2020

A respiratory illness called "Coronavirus (COVID-19)" has proliferated throughout China's Hubei province of Wuhan; spreading across 25 countries and infecting 37,558 people as of February 9, 2020. The deadly virus – which is associated with symptoms like mild cough, fever and shortness of breath ...

Aurora Cannabis is undergoing a drastic restructuring phase

Aurora Cannabis is undergoing a drastic restructuring phase

Bethan Rose Jenkins, Cannabis News Writer/Editorial

February 13, 2020

In January, shares of pot stock Aurora Cannabis Inc. sunk by 12.5 percent. This wasn't the only thing that shook the Canadian cannabis company this year. On Thursday, February 6, a statement from Aurora announced that Chief Executive Terry Booth will be retiring from his role amid "sweeping changes"...

CEO of MedMen Adam Bierman resigns, relinquishes voting control

CEO of MedMen Adam Bierman resigns, relinquishes voting control

Bethan Rose Jenkins, Cannabis News Writer/Editorial

February 10, 2020

MedMen appears to be having a complete revamp of its board. In December, president and cofounder of the cannabis retail chain, Andrew Modlin, surrendered his super voting shares. Now, his business partner – co-founder and CEO Adam Bierman – will also give up his class A voting shares. Restructuring pro...

Whoopi Goldberg falls out with business partner, abandons cannabis company

Whoopi Goldberg falls out with business partner, abandons cannabis company

Bethan Rose Jenkins, Cannabis News Writer/Editorial

February 10, 2020

On January 31, 2020, Whoopi Goldberg officially resigned from the board of her cannabis company - 'Whoopi & Maya'. In pictures, the entrepreneurial partnership appears to be all smiles, but reports state that Goldberg has thrown in the towel as a result of rumored squabbles with her co-founder Maya Elis...

First month of recreational cannabis sales in Illinois surge to almost $40 million

First month of recreational cannabis sales in Illinois surge to almost $40 million

Bethan Rose Jenkins, Cannabis News Writer/Editorial

February 9, 2020

January was a successful month for the adult-use cannabis market in Illinois, with dispensaries selling over $1 million worth of products every single day. This amounted to almost $40 million in recreational cannabis sales revenue in Illinois, where the market launched on New Year’s Day. Illinois was the 11th U.S. state to legalize recreational cannabis. Durin...

Medical cannabis patients are concerned about cannabis shortage in Illinois

Medical cannabis patients are concerned about cannabis shortage in Illinois

Bethan Rose Jenkins, Cannabis News Writer/Editorial

January 30, 2020

Cannabis has been legal in Illinois for the best part of a month, but medical cannabis patients in the Rockford area are concerned about supply shortages affecting their ability to obtain medication. During the initial week of legal sales, cashiers statewide recorded a combined $10.8 million. The...

GW Pharmaceuticals turns over $108M in Q4 sales thanks to CBD-based medicine

GW Pharmaceuticals turns over $108M in Q4 sales thanks to CBD-based medicine

Bethan Rose Jenkins, Cannabis News Writer/Editorial

January 27, 2020

Following the EU approval of a cannabis-derived epilepsy treatment called Epidiolex, British drugs company GW Pharmaceuticals is experiencing a major surge in sales. Headquartered in London, GW Pharma recently revealed its latest sales figures to investors; $108 million during the last quarter of 20...

Curaleaf ‘upsizes’ debt offering by $25 million more than initially anticipated

Curaleaf ‘upsizes’ debt offering by $25 million more than initially anticipated

Bethan Rose Jenkins, Cannabis News Writer/Editorial

January 24, 2020

A new credit facility has been secured by multistate cannabis operator Curaleaf. Based in Massachusetts, the company announced on Wednesday, January 15 that it would gain access to $300 million from an affiliation of lenders; names were not revealed.  Based on the official notes for Curaleaf’s ...

Trump officials urged by lawmakers to lift restrictions on cannabis research

Trump officials urged by lawmakers to lift restrictions on cannabis research

Bethan Rose Jenkins, Cannabis News Writer/Editorial

January 24, 2020

House lawmakers are becoming increasingly impatient with the federal government's prohibitionist stance on cannabis. In an attempt to lift restrictions on the plant's sale, use, possession, cultivation and research across the United States, lawmakers have prompted Trump officials to amend the rules. ...

Illinois rakes in almost $11 million during the first week of legal cannabis sales

Illinois rakes in almost $11 million during the first week of legal cannabis sales

Bethan Rose Jenkins, Cannabis News Writer/Editorial

January 15, 2020

Since 2020 started, more than $11 million worth of recreational cannabis has been sold in the newly-legal state of Illinois; and that's just during the first week of legal sales. This is according to the state’s Department of Financial and Professional Regulation, which has confirmed that the first o...

Study shows that students living in cannabis-friendly states binge drink less

Study shows that students living in cannabis-friendly states binge drink less

Bethan Rose Jenkins, Cannabis News Writer/Editorial

January 15, 2020

Cannabis legalization may have had a positive effect on binge drinking, according to a new study. Researchers at Oregon State University carried out the study, which concluded that there was a six percent decrease in the likelihood of binge drinking among students aged 21 and above who reside in cann...

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