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High Tide Cannabis Co. Ranks Among Top Growing Businesses In Canada In 2024
Friday, September 27, 2024 - 7:32pm | 470High Tide Inc. (NASDAQ:HITI), a retail-driven cannabis company, announced Friday that it placed No. 87 out of 417 companies listed on the 2024 Report on Business ranking of Canada's Top Growing Companies. High Tide achieved an impressive three-year revenue growth rate of 486%. This consistent...
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EXCLUSIVE: Is Washington DC's 'Cannabis Gifting' Economy Coming To An End?
Friday, September 27, 2024 - 12:44pm | 966As Washington D.C.’s regulatory landscape around cannabis continues to evolve, the District’s “cannabis gifting” economy faces an uncertain future. Benzinga Cannabis spoke with Grace Hyde, director of Commercial and Production Operations at District Cannabis and co-chair of...
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Cannabis Companies Delisted From Major Stock Exchanges In 2024: What Went Wrong?
Thursday, September 26, 2024 - 1:38pm | 830Several cannabis companies faced financial challenges in 2024, with some being delisted or under threat of delisting from major stock exchanges due to financial instability, low values, compliance issues and a turbulent market. This article looks into some of the key players that faced delisting,...
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Predatory Cannabis Contracts Allegedly Emerge In Missouri's Social Equity Program
Monday, September 23, 2024 - 3:19pm | 721Allegations of predatory contracts within Missouri's social equity cannabis program have surfaced, raising concerns about the integrity of the system. A recent investigation by The Missouri Independent revealed a troubling case involving Destiny Brown, a Black woman who believed she was being...
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D.C. Continues Crackdown On Cannabis Gifting Shops: One Arrested, Store Padlocked, Although Many More Remain Open
Thursday, September 19, 2024 - 4:21pm | 720On Friday, September 13, Washington D.C. authorities shut down Green Cloud Shop, an unlicensed cannabis business, as part of a broader crackdown on illegal cannabis operations. The Alcoholic Beverage and Cannabis Administration (ABCA), alongside the Metropolitan Police Department (MPD), padlocked...
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DeSantis Targets 'One Big Weed Company' Funding Florida's Legalization Campaign, Citing 'Corporate Interests'
Wednesday, September 18, 2024 - 3:04pm | 985As Florida prepares for a critical vote on recreational cannabis legalization this November, Governor Ron DeSantis is intensifying his campaign against Amendment 3, this time challenging cannabis giant Trulieve (OTC:TCNNF) (CSE:TRUL). In an effort to counter what the polls show as a majority of...
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Pennsylvania Isn't Giving Up On Recreational Cannabis: Optimism Rises As Lawmakers Reintroduce Governor-Backed Bill
Tuesday, September 17, 2024 - 4:46pm | 613A new bipartisan bill introduced in the Pennsylvania House of Representatives is reigniting the push to legalize adult-use cannabis in the state. Representatives Aaron Kaufer (R-Luzerne) and Emily Kinkead (D-Allegheny) are spearheading House Bill 2500, which proposes a regulation of adult-use...
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'This Is Life Or Death': Families Of Disabled Children Panic Over Gov. Newsom's Hemp CBD Ban And Evaluate Lawsuit
Tuesday, September 17, 2024 - 1:31pm | 899A group of California parents and families with children suffering from rare and chronic diseases are evaluating a lawsuit against Governor Gavin Newsom, following his proposed emergency ruling to ban hemp products containing THC. The reason is that this new emergency ruling would also affect those...
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Legal Medical Cannabis Could Save US Healthcare $29B Annually, New Study Finds
Tuesday, September 17, 2024 - 10:00am | 638A newly released study, sponsored by medical cannabis Telehealth company Leafwell, reveals that adopting medical cannabis laws can lead to significant reductions in employer-sponsored health insurance costs and a general reduction in healthcare spending. The study analyzed data from 2003 to...
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Cannabis Use Is Up Among Older Adults For Wellbeing, Health Purposes: Poll
Friday, September 13, 2024 - 3:13pm | 680Cannabis consumption among adults aged 50 and older is on the rise, according to findings from the University of Michigan's National Poll on Healthy Aging (NPHA). The poll reveals that 21% of older adults used a cannabis product containing THC in the past year, with 12% using it at least monthly....
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Cannabis Investor Sentiment Softens As Institutional Confidence Wanes, Survey Shows
Friday, September 13, 2024 - 1:07pm | 694Cannabis investors should take note that investor sentiment in the industry has shifted from bullish to neutral, according to the latest ATB Cannabis Investor Sentiment Survey. The report, based on responses from institutional investors, reveals that only 31.8% of investors remain optimistic about...
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Cannabis Regulator Whistleblower Sues California, Alleges Retaliation After Reporting Lab Testing Misconduct
Thursday, September 12, 2024 - 9:38pm | 457Tanisha Bogans, a former deputy director at California’s Department of Cannabis Control (DCC), has filed a lawsuit alleging wrongful termination after raising concerns about misconduct in the state's cannabis testing labs. The lawsuit, filed in Los Angeles County Superior Court, claims that...
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Cannabis Companies Fight Federal Court Dismissal On Prohibition Lawsuit, Heading To Next Legal Stop
Wednesday, September 11, 2024 - 5:35pm | 688A group of cannabis companies filed an appeal challenging a federal court decision to uphold cannabis prohibition under the U.S. Controlled Substances Act (CSA). This appeal, led by renowned attorney David Boies, contests the dismissal of a high profile lawsuit aimed at blocking federal enforcement...
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Cannabis Use Rose Among US Adults Over 10 Years, But Kept Steady In Teens, Finds New Study
Monday, September 9, 2024 - 5:40pm | 862A new study published in Drug and Alcohol Dependence Reports found that usage among adults has surged, but teenage cannabis use maintained its yearly levels. The study, which analyzed data from over 543,000 people between 2013 and 2022, offers a closer look at how legalization and shifting...
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In Amsterdam Style, California Senate Moves To Legalize Cannabis Farmers Markets And Cafes
Thursday, August 29, 2024 - 4:15pm | 561The California Senate has taken a significant step toward expanding the state's cannabis market by approving two key bills that could reshape how small marijuana growers and consumers interact. The Senate voted 27-5 to pass a bill allowing small cannabis growers to sell their products directly to...