Cannabis News Box

November ballot looks set to feature adult-use cannabis legalization in Arizona

November ballot looks set to feature adult-use cannabis legalization in Arizona

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 29, 2020

At the beginning of July, signatures backing an initiative to legalize recreational cannabis in Arizona were submitted to state officials. The proposed law, which is likely to be featured on the November ballot, would develop a regulated adult-use market. Pro-cannabis lobbyists at Smart and Safe Ari...

Psychiatrist is optimistic that mental health disorders can be treated using plant medicines

Psychiatrist is optimistic that mental health disorders can be treated using plant medicines

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 7, 2020

Psychiatrists are gradually becoming more attuned to the benefits of treating depressed patients with psychedelic drugs, including cannabis. This was made clear when Psychiatrist Julie Holland's book, Good Chemistry: The Science of Connection, from Soul to Psychedelics, was recently published. Holland's fascinating new read delves int...

California is fighting to continue offering cannabis delivery services, despite lawsuit

California is fighting to continue offering cannabis delivery services, despite lawsuit

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 30, 2020

A landmark lawsuit that was initiated by local municipalities in California against the Bureau of Cannabis Control (“BCC”) is making its way to trial. Cannabis business owners in California are anxiously awaiting the outcome of the lawsuit since it could put the brakes on their services. In 2019, th...

Signs that more U.S. states could legalize cannabis next year

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Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 30, 2020

In the midst of a virus pandemic that has created division in belief systems and sluggishness in global supply chains, the U.S. cannabis industry is booming. So much so, in fact, that states are taking strides towards minimizing criminal penalties for cannabis consumption and possession. At this crit...

100 black people to become millionaires through former NBA forward’s cannabis incubator program

100 black people to become millionaires through former NBA forward's cannabis incubator program

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 25, 2020

Former professional basketball player Albert Harrington, "Al,"  is taking strides towards black entrepreneurship. The 40-year-old cannabis company CEO recently told CNBC that he intends on helping 100 black individuals become millionaires through involvement in the legal weed sector.   Harrington a...

Canopy’s recreational cannabis segment is struggling

Canopy Growth Corporation (CNW Group/Canopy Growth Corporation)

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 22, 2020

Canadian cannabis company Canopy Growth Corp., is on a mission to restructure its business plan after suffering a CAD$1.3 billion (USD $944 million) blow to its finances. Based on a recent earnings report released by the company, Canopy's fourth quarter revenue for recreational Cannabis sales – for ...

Cannabis during pregnancy doesn’t affect cognitive development, say university researchers

Cannabis during pregnancy doesn't affect cognitive development, say university researchers

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 19, 2020

The topic of using cannabis during pregnancy, as well as the potential effects of prenatal cannabis exposure, has been a heated one. Self-confessed mothers have outspokenly declared their consumption habits in the past, only to be met with backlash from the medical and parenting communities.  How...

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...

Oklahoma medical cannabis sales hit record high for fourth consecutive month

https://hightimes.com/news/oklahoma-medical-marijuana-moving-toward-november-ballot

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 15, 2020

For the fourth month in a row this year, the medical cannabis industry in Oklahoma is paving the way for record-high sales. According to state-published data focused on April's success, dispensaries harvested almost $5.1 million from the seven percent cannabis tax that is imposed on legal sales.  Pa...

Multistate cannabis firm Acreage Holdings raises $60 million as part of restructuring plan

http://www.aguilillamarket.com/investing-your-money-in-marijuana-stocks/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 11, 2020

Acreage Holdings has secured agreements that will help the cannabis multistate operator to raise $60 million. Based on the details of a press release published on Monday, June 1, the money will be used to fund working capital, as well as for various other reasons.  Based in British Columbia, Canada, verticall...

Statistics Canada: Canadian cannabis sales surge 19 percent amid COVID-19

https://steemit.com/news/@pressfortruth/p02uxynt

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 10, 2020

As the number of coronavirus (COVID-19) figures started stacking up across the globe, Canadian cannabis sales took a hike up north. Based on revenue results published by Statistics Canada for the month of March, sales increased 19.2 percent since February; suggesting that consumers could have been propelled into panic-...

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...

Canadian cannabis stocks