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Nova Cannabis reports first year of net earnings, driven by data licensing program

Nova Cannabis reports first year of net earnings, driven by data licensing program

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Cannabis NewsMarch 28, 2024

Cannabis retailer Nova Cannabis Inc reported its first year of net revenue in 2023, as part of its recently-released annual report. The company saw some of its largest increases in revenue from the growth of its “data licensing program.” The Alberta-based retail chain owns and/or operates 96

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Florida Supreme Court Decides on Recreational Cannabis

Florida Supreme Court Decides on Recreational Cannabis

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Cannabis NewsMarch 28, 2024

Florida's Impending Decision on Recreational Cannabis: Legal, Political, and Economic Implications. Florida’s Supreme Court is close to ruling on the recreational cannabis ballot language, potentially allowing Florida voters to decide. Florida’s journey towards legalizing recreational cannabis faces

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Minnesota House Committee Approves Cannabis Management Policy Bill

Minnesota House Committee Approves Cannabis Management Policy Bill

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Cannabis NewsMarch 28, 2024

Minnesota House Commerce Committee Advances Cannabis Policy Bill with Lottery System for Licensing. The Minnesota House Commerce Committee is giving the “green light” to the Office of Cannabis Management policy bill. OCM interim director Charlene Briner says the agency will use a lottery to award

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From free-for-all to business as usual: How Marijuana sales have evolved

From free-for-all to business as usual: How Marijuana sales have evolved

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Cannabis NewsMarch 28, 2024

A Decade of Cannabis Legalization in Colorado: Financial Impact and Community Perspectives. When cannabis became legal in Colorado more than a decade ago, it quickly turned into a cash cow with sales tax revenue piling up as if the state were printing money. The state taxed the industry heavily

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Tax on high potency Cannabis products sent back to Grass Valley staff for revision

Tax on high potency Cannabis products sent back to Grass Valley staff for revision

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Cannabis NewsMarch 28, 2024

Grass Valley City Council Temporarily Reduces Taxes on High-Potency Cannabis Products. In an effort to support a new business working to be competitive in the area, consensus was reached by city council members in Grass Valley to decrease specific taxes on high potency cannabis products. Ryan Haley

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Nine Missouri microbusiness Cannabis facility licenses revoked due to ineligibility

Nine Missouri microbusiness Cannabis facility licenses revoked due to ineligibility

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Cannabis NewsMarch 28, 2024

Missouri Division of Cannabis Regulation Revokes Microbusiness Licenses Over Compliance Issues. To ensure the integrity of Missouri’s voter-approved regulatory program for microbusiness licenses, the Missouri Division of Cannabis Regulation (DCR) has revoked nine microbusiness dispensary licenses

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How New Jerseyans want the state to spend a social equity Cannabis tax

How New Jerseyans want the state to spend a social equity Cannabis tax

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Cannabis NewsMarch 28, 2024

New Jersey Considers Allocation of Social Equity Tax Revenue from Cannabis Sales. As the state mulls how to spend the revenue generated from a social equity tax on cannabis, marijuana advocates say they want more funding for business programs, investments in communities hurt by the war on drugs, and

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Former Governor Jesse Ventura launches edible Cannabis company

Former Governor Jesse Ventura launches edible Cannabis company

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Cannabis NewsMarch 28, 2024

Former Minnesota Governor Jesse Ventura Ventures into Cannabis Industry with Retro Bakery Partnership. Former Minnesota Governor Jesse Ventura is getting into the legal T-H-C business. Ventura says he’s partnering with Retro Bakery of Columbia Heights to offer high-quality cannabis edible products

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Five Cannabis law changes being considered by the Minnesota Legislature

Five Cannabis law changes being considered by the Minnesota Legislature

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Cannabis NewsMarch 28, 2024

Minnesota legislators are considering several changes to the state's cannabis laws ahead of the anticipated 2025 launch of the recreational marijuana market. The changes range from limiting the number of retail dispensaries in the state to allowing medical cannabis patients to grow twice as many

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Five Cannabis law changes being considered by the Minnesota Legislature

Five Cannabis law changes being considered by the Minnesota Legislature

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Cannabis NewsMarch 28, 2024

Minnesota legislators are considering several changes to the state's cannabis laws ahead of the anticipated 2025 launch of the recreational marijuana market. The changes range from limiting the number of retail dispensaries in the state to allowing medical cannabis patients to grow twice as many

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Cannabis Legalization Support Surges to 88%

Cannabis Legalization Support Surges to 88%

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Cannabis NewsMarch 28, 2024

Public Opinion Shift: 88% of Americans Support Marijuana Legalization, Poll Shows. An overwhelming 88% of Americans support legalization for either medical or recreational purposes, reflecting a national shift towards marijuana reform. The majority views legalization as beneficial for local

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Can Weed Improve a Workout?

Can Weed Improve a Workout?

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Cannabis NewsMarch 27, 2024

The first time Samantha O’Brien took a boxing class at her building’s gym, she was overwhelmed with anxiety. The instructor was loud and intimidating and ran the class like a boot camp. If someone fell behind, everyone had to work harder. Ms. O’Brien, 36, left the class thinking she’d never return

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Cannabis Cultivator Fees Waived in New York Until 2026

Cannabis Cultivator Fees Waived in New York Until 2026

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Cannabis NewsMarch 27, 2024

Three years after adult-use cannabis was signed in New York, the Cannabis Control Board is addressing the needs of struggling farmers. The New York State Cannabis Control Board (CCB) recently voted to waive cannabis cultivator licensing fees for the next two years. Gov. Kathy Hochul celebrated this

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Minnesota Bill Doubles Home Grow Plant Count for MMJ Patients

Minnesota Bill Doubles Home Grow Plant Count for MMJ Patients

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Cannabis NewsMarch 27, 2024

Minnesota Considers Expanding Home Cultivation for Medical Marijuana Patients. A bill pending in the Minnesota legislature would let medical marijuana patients grow twice as many cannabis plants as the law that legalized recreational pot last year. Medical marijuana patients would be permitted to

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Here’s how Florida’s Cannabis amendment balances freedom and regulation

Here’s how Florida’s Cannabis amendment balances freedom and regulation

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Cannabis NewsMarch 27, 2024

Voters should know what the amendment would actually do. And it is simply wrong to say that the amendment creates a right to use marijuana in public. This fall Florida voters may consider a proposed constitutional amendment that would eliminate state-law criminal penalties on the use of marijuana by

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Aurora Cannabis: Recent Performance Improvements Are Undeniable

Aurora Cannabis: Recent Performance Improvements Are Undeniable

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Cannabis NewsMarch 27, 2024

Aurora Cannabis Faces Uphill Battle Despite Strategic Moves Towards Recovery. Aurora Cannabis shares have plummeted by over 95% in the past three years due to low demand and operational inefficiencies. The company's sales performance has declined, and its core medicinal marijuana market in Canada is

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Aurora Cannabis: Recent Performance Improvements Are Undeniable

Aurora Cannabis: Recent Performance Improvements Are Undeniable

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Cannabis NewsMarch 27, 2024

Aurora Cannabis Faces Uphill Battle Despite Strategic Moves Towards Recovery. Aurora Cannabis shares have plummeted by over 95% in the past three years due to low demand and operational inefficiencies. The company's sales performance has declined, and its core medicinal marijuana market in Canada is

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Biden’s Marijuana Reform: A Strategy to Engage Young Voters

Biden’s Marijuana Reform: A Strategy to Engage Young Voters

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Cannabis NewsMarch 27, 2024

President Biden's Incremental Steps on Marijuana Highlight Bid for Youth Support. Biden focuses on marijuana reform to appeal to young voters, highlighting its importance in engaging this crucial demographic. Reclassifying marijuana under federal law forms a key part of Biden’s strategy to regain

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Organigram Expands US Presence while raising Capital

Organigram Expands US Presence while raising Capital

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Cannabis NewsMarch 27, 2024

Organigram's Strategic Investment in Open Book Extracts: A Key Move in US Market Expansion. Organigram’s strategic investment in Open Book Extracts signals a significant push into the US market, highlighting its international expansion ambitions. The partnership with Open Book Extracts allows

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Mike Tyson hopes to deliver knockout blow with Cannabis edible ears

Mike Tyson hopes to deliver knockout blow with Cannabis edible ears

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Cannabis NewsMarch 27, 2024

Mike Tyson Launches Cannabis Edibles Shaped Like Nibbled Ears. Tyson's 1997 bout against Holyfield, the second time they had met in the ring, became known as The Bite Fight following Iron Mike's act of partial cannibalism. Former world heavyweight boxing champion Mike Tyson is hoping to deliver a

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