Cannabis News Box

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...

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...

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-...

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.  ...

Recreational cannabis sales in Illinois climb to $110 million during Q1 2020

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

Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 20, 2020

The first quarter of 2020 turned out to be a lucrative time for the newly-launched recreational cannabis industry in Illinois. State-published data has confirmed that $110 million was recorded in sales revenue for Q1 2020; merging revenue results from January, February and March. Legal cannabis pr...

What impact has COVID-19 had on the global cannabis supply chain and consumer behavior?

https://www.traverseticker.com/news/first-coronavirus-cases-confirmed-in-michigan/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 15, 2020

When the Coronavirus (COVID-19) crisis initially broke out, cannabis companies – particularly those who sell vape products – took a hit. After all, the virus originated in Wuhan, China and since 90-95 percent of cannabis vaporizer components are sourced from the Asian country, supply chains quickly ...

Cannabis-derived epilepsy medication eliminated from controlled substances list by DEA

Cannabis-derived epilepsy medication eliminated from controlled substances list by DEA

Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 14, 2020

A cannabis-derived pharmaceutical drug called Epidiolex has officially been banished from the U.S. Drug Enforcement Administration's (DEA) list of controlled substances. The medicine, which is FDA-approved, is the creation of GW Pharmaceuticals. Headquartered in the United Kingdom, the British company is ...

Canadian cannabis sector leaders urge feds to include them in $82B stimulus package

https://www.commdiginews.com/business-2/cannabis-act-canada-passes-103563/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 13, 2020

Cannabis industry leaders in Canada are asking the federal government to assist in restoring economic damage caused by the Coronavirus pandemic. As of April 2020, the COVID-19 strain of Coronavirus had claimed the lives of almost two million people around the world, with the disease virus infiltrating ...

Canadian cannabis company Cronos reveals losses in its Q4 financial report

https://microsmallcap.com/press-release/cronos-group-inc-to-hold-full-year-and-fourth-quarter-2018-earnings-conference-call/attachment/cronos-group-inc-2/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 13, 2020

Diversified and vertically-integrated cannabis company Cronos Group has released its quarterly earnings report. The company, which was founded in 2012 in Toronto, Canada, has revealed its losses in US dollars — a gross loss of almost $20.4 million for the fourth quarter concluding on December, 31, 201...

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