Cannabis News Box

Illinois scooped a record-breaking $44 million from recreational cannabis sales in May

https://www.ecosia.org/images?q=illinois+cannabis#id=BAF0AFDC3A7F093302B4CD311E7C8060B161D46F

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 25, 2020

Coronavirus-related social distancing measures were expected to impede growth of recreational cannabis sales in Illinois but interestingly, residents snapped up more than $34 million worth of legal weed products during the month of May. It was at this point that the COVID-19 pandemic reached boiling point, with la...

High Times secures $25 million cannabis licensing deal for three markets

https://cannabislifenetwork.com/high-times-to-acquire-dope-magazine/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 22, 2020

High Times Magazine's parent company has inked a deal to license its world-famous brand and distribute branded products throughout 17 dispensaries across Michigan. A mixture of operational and planned cannabis dispensaries are included in the deal, which also grants High Times Holdings Corp. license rights ...

Nevada secretary of state’s office reviewing Sisolak’s illegal MedMen campaign donations

Nevada secretary of state’s office reviewing Sisolak’s illegal MedMen campaign donations

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 19, 2020

Was Democratic Gov. Steve Sisolak on the receiving end of illegal campaign donations from MedMen Enterprises? Claims of this nature are currently being evaluated by the Nevada secretary of state’s office. If proven to be true, the Republican Party has ordered Sisolak to return the funds without delay. F...

Joe Biden wants more medical cannabis research, included in racial justice plan

Joe Biden wants more medical cannabis research, included in racial justice plan

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 16, 2020

People who suffer from disabilities in the United States could be one step closer to having their medical cannabis needs satisfied. Former vice president and presumptive Democratic presidential nominee Joe Biden has introduced a new plan that could stimulate research into the medicinal potential of cann...

High Times’ acquisition deal for cannabis manufacturing facility crumbles

https://cannabislifenetwork.com/high-times-to-acquire-dope-magazine/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 1, 2020

We’ve been informed in recent news about High Times Holding Corp.’s plans to dominate California’s legal cannabis market. For example, in our previous post, we discussed how the famous company’s sights were set on the purchase and opening of a string of dispensaries under its well-known brand name. However, t...

Harvest is initiating a $24M cost-cutting strategy, laying off employees

https://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/harvest-health-recreation-inc-continues-to-grow-into-florida-opens-gainesville-store-a-total-of-six-in-state

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 1, 2020

In spite of the U.S. cannabis industry's unexpected success amid the COVID-19 outbreak, some companies in the legal weed space are anticipating future financial woes. One of them is multistate cannabis operator (MSO) Harvest Health & Recreation. Based in Arizona, cannabis MSO Harvest intends on slashi...

Mexican Congress aims to bolster economic recovery with cannabis legalization

https://420intel.com/articles/2018/11/02/mexican-supreme-court-declares-prohibition-recreational-cannabis

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 26, 2020

Cannabis to the rescue! This is what it seems like lately, with medical cannabis patients in many legal states across the United States – and their collective economies – benefiting from the industry being dubbed "essential business". As Mexico anticipates a financially-impacted aftermath from COVID-19, Senato...

DOJ Memo says Trump Admin may permit research into cannabis products

DOJ Memo says Trump Admin may permit research into cannabis products

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 26, 2020

Congress is being prompted to take administrative action and broaden its research into cannabis' therapeutic effects. The case has emerged following a “secret” Justice Department document that was forcefully released by a scientist who goes by the name of Sue Sisley. Sisley – in addition to many other scienti...

Canadian cannabis giant Tilray sees its net loss improve to $184 million

https://www.healtheuropa.eu/medical-cannabis-research-leader/87243/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 26, 2020

In February, Tilray laid off 10 percent of its staff as part of a "global restructuring effort." Whatever Tilray has been busy doing since this time, the company – one of the most acknowledged and sophisticated producers on a global scale – seems to be experiencing some positive repercussions.  ...

Scanning technology could clarify difference between hemp and cannabis

Scanning technology could clarify difference between hemp and cannabis

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 20, 2020

A team of agricultural researchers based in Texas could soon be unleashing a groundbreaking piece of technology on the hemp industry. Namely, Texas A&M AgriLife – one of the first of many universities actively involved since the 1876 founding of the "Agricultural & Mechanical College of Texas" – is worki...

Aurora Cannabis shareholders shudder as company sells itself short

https://www.newswire.ca/news-releases/aurora-cannabis-announces-ceo-retirement-and-succession-board-of-directors-expansion-and-business-transformation-plan-869307955.html

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 20, 2020

On May 14, 2018, a press release announcing Aurora Cannabis' intention to acquire all of the issued and outstanding common shares of MedReleaf was published. This all-share transaction was valued at approximately CAD$3.2 billion – equivalent to USD$2.3 billion – on a fully-diluted basis. Unfortun...

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