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‘Craft absolutely surprised us,’ Hexo CEO says as cannabis sales plunge

Canadian cannabis producer Hexo Corp. lost almost 21 million Canadian dollars ($17.3 million) in its third quarter on revenue that came in substantially lower than expected because, in part, of increasing competition from craft marijuana companies. Net revenue for the three months ended April 30 was CA$22.7 million, 31% lower than the previous quarter, and …

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Marijuana legalization outlook: Connecticut to weigh adult use in special session as RI bill stalls

Connecticut lawmakers will tackle adult-use marijuana legalization in a special session scheduled to start this week after a state House vote was postponed during the regular session that ended June 9. In Rhode Island, a measure to legalize adult-use marijuana stalled with only two weeks to go in the legislative session. In Virginia, a government …

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Groups drop lawsuit challenging Montana adult-use marijuana measure

A legal challenge to voter-approved adult-use marijuana legalization in Montana has been dropped in the wake of the state Legislature weakening the measure. SAFE Montana and Wrong for Montana voluntarily abandoned their challenge, according to Missoula radio station KGVO. As a result of the legislative action, “it is our belief that the issue raised in …

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Ex-advertising agency executives launch a minority owned cannabis & spirits platform

The first media platform connecting brands  with the growing cannabis & spirits audiences New York, NY (February  9th, 2021) – Flavor Fix, the first media platform catering to cannabis and spirits, has launched. It’s built to educate people on cannabis, CBD and spirits, as well as let brands connect with this hard to reach audience. …

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California Cannabis Tenant Improvements: Top 7 Issues

Every single business that wants a cannabis license in California needs to buy or lease property, because licenses are tied to properties. Cannabis businesses usually opt for leases rather than purchases given the uncertainties in getting licensed or succeeding in business, and sometimes capital constraints. As part of the licensing process, state and local agencies …

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Florida medical marijuana operators in ‘catbird seat’ after state court decision

A recent Florida Supreme Court decision plays into the hands of established medical marijuana multistate operators in the state, although it also could spur additional licenses, investment by others and acquisition activity. What remains to be seen is to what extent the currently concentrated, billion-dollar industry will become more competitive over time. The state Supreme …

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The Queens of Kush – 8 Female Entrepreneurs Killing the Cannabis Game

8 of the most prominent women leading the cannabis industry. From Amy Margolis, a seasoned lawyer and cannabis advocate based in Oregon, down to the courageous grandma that is prepared to fight the Spanish government. These feminists from various backgrounds and political groups understand there’s more work to be done. They are ready to do …

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Study Finds CBD Associated With Lower Alcohol Consumption

Historically, cannabis was portrayed as the scourge of humankind. Films like ‘Reefer Madness’ were coupled with other forms of propaganda and spread throughout the world. That propaganda had one goal – to demonize cannabis users. Cannabis consumers were portrayed in horrific ways that weren’t based in fact in an attempt to convince society that the …

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Inside One Woman’s Effort To Normalize Marijuana In Homes And Get Equity ‘Baked Into The Laws’

“It’s about making sure that there’s actually a pathway for people who have been on the illicit market to actually get to be part of the real market,” Shanel Lindsay said. Shanel Lindsay first started using cannabis at 17 to treat a cyst, she said. “I had just gotten it drained and I remember after …

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