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New York Cannabis Regulators Approve 36 New Grow Licenses
The list of hemp farmers approved to cash in on New York’s forthcoming adult-use cannabis market grew by 36 on April 5. The state’s Cannabis Control Board (CCB) members voted in favor of issuing the conditional adult-use cannabis cultivation licenses for the list...
Why Are Outside Execs Pouring Into Cannabis Industry C-Suites?
As the cannabis industry scales, so does its need for experienced business veterans to steer companies towards the top. The demand has led to an influx of executives entering the space from other industries. Most in the cannabis industry note that the move is a likely...
Mainstream Companies Want In on Growing CBD Sector
When the 2018 farm bill legalized the cultivation and sale of industrial hemp and its derivatives, it opened the floodgates on an extremely lucrative market. With less than five years of legal sales under its belt, the hemp-derived cannabidiol (“CBD”) sector has seen...
Tilray CEO open to M&A in Canada as cannabis revenue misses target
Canadian cannabis producer Tilray reported net revenue of $168 million (210 million Canadian dollars) for the June-August quarter, the first full quarter of sales after the merger between Aphria and Tilray closed earlier this year. The revenue was shy of analysts’...
Missouri Cannabis Companies Can No Longer Advertise Strain Names
Under a new directive, Missouri medical cannabis companies can no longer advertise strain names or engage in any other form of advertising. Missouri medical cannabis companies can no longer advertise strain names — or employ any other type of advertising outside of...
NBA will not randomly test players for marijuana again this season
The NBA has agreed to not randomly test players for marijuana this season, a continuation of the policy that was put in place last year for the COVID-19 “restart bubble” and has remained since. Drug testing will continue for things such as human growth hormone and...
Marijuana seizures at the Michigan-Canada border are booming. Here’s why.
They hit the throttle and sped through pitch-black water. Customs and Border Patrol (CBP) officers spotted a vessel of some sort in the distance, near the uninhabited Celeron Island in the Detroit River at 2:35 a.m., June 5, 2020. They cut through the international...
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