Marijuana is now legal, in one form or another, in 33 US states and the District of Columbia. To the federal government, pot is still a drug classified no differently than heroin or cocaine. Yet cannabis businesses are still required to pay federal taxes. (More taxes than most, as Quartz’s Ephrat Livni pointed out last year.) The government collected an […]
New England Treatment Access, which operates an existing Northampton medical dispensary, is hoping for the distinction of being the first commercial cannabis store to open east of the Mississippi. (AP) NORTHAMPTON, Mass. (AP) — With its youthful vibe and eclectic mix of culture, a small Massachusetts city seems a logical site for the nation’s first […]
Tuesday’s 2018 midterm elections was a big success for cannabis advocates. Michigan legalized recreational marijuana, and while North Dakota rejected a similar measure, both Missouri and Utah voted in favor of medical marijuana. So far, 10 states and Washington, DC, have legalized the full use of marijuana, and 33 states and Washington, DC, have legalized medical marijuana. […]
Cronos Group reported third-quarter results on Tuesday. The marijuana producer’s revenue grew 186% year-over-year. It lost $0.04 a share, down from $0.01 profits per share. Watch Cronos Group trade live here. The Canadian cannabis grower Cronos Group on Tuesday reported third-quarter results that saw its revenue grow but loss widen. Shares were down as much as 5% in early […]
Seniors are among the fastest-growing population of new cannabis users. However, the stigma behind cannabis could be keeping some seniors from getting much-needed relief from chronic pain, as well as sleepless nights. Greg Saweikis is one senior finding relief through cannabis. Since he was diagnosed with stage 4 pancreatic cancer in 2017, he’s undergone rounds […]
Producers Developing New Products Ahead Of Next October In the weeks after legalization, cannabis companies are already looking ahead to 2019, when edible cannabis products are expected to become legal. (Submitted) Now that recreational cannabis is legal in Canada, producers are looking forward to what they’re calling the “second wave” of legalization — edibles, drinks and […]
Cannabis stocks experienced a volatile week as gains from U.S. legalization and Sessions’ resignation were erased by Friday. Three U.S. States (Michigan, Missouri, and Utah) legalized marijuana and cannabis foe Jeff Sessions resigned as the Attorney General. Mexico’s incoming government proposes a new bill to legalize both medical and recreational cannabis on a national level. Welcome […]
Possessing small amounts marijuana would no longer come with the threat of jail time if a Texas Democratic representative—and the state’s Republican Party—have their way. On Monday, the pre-filing period for the upcoming 2019 legislative session, which begins in January, kicked off, and one of the first bills put forward is a proposal to decriminalize […]
‘This could really change people’s lives in Merritt,’ says Emerald executive vice-president’ Arnold Meyer spent 40 years working at the Tolko Industries Ltd. mill in Merritt, B.C., but was laid off in 2016.The 62-year-old was one of about 200 employees who lost their jobs when the mill closed, crippling the economy of the small town in […]
Aurora Cannabis (ACB) reported better-than-expected fiscal Q1 financial results Monday morning. This earnings report is the company’s first since Canada legalized the recreational use of marijuana last month. The Canadian cannabis company saw C$29.7 million in revenue for Q1, which was up 260% year over year. “The commencement of adult consumer use sales in Canada […]
