Cannabis Global Comments on Its Dramatic Business Turnaround – While Many Cannabis Companies Are Retrenching, CBGL Exceeds in Most Categories
LOS ANGELES, CA / ACCESSWIRE / June 1, 2022 / Cannabis Global, Inc. (OTC PINK:CBGL), a licensed Los Angeles-based manufacturer and distributor in the cannabis sector, today prepares to close out its third fiscal quarter ending May 31, 2022, with significant growth...
4 upsides of cannabis banking
The Federal Reserve Bank recently announced its first interest rate hike since 2018 and financial institutions across the country are turning an eye toward new sources of low-cost deposits. The growing legal cannabis market offers a unique opportunity for credit...
Lender Gives Cannabis Operators the Money They Need to Get Started
Getting into the cannabis business takes money … and some of the go-to sources for money for small businesses are not available to those going into cannabis. Andrew Kaye, an executive at the lender Sweet Leaf Madison, explains. “Conventional lenders cannot lend into...
How this 154-year-old company became one of the biggest players in cannabis
“It’s our belief, and this is not a grand revelation by any stretch: Federal legalization is obviously going to happen; the question is when and how,” said Chris Hagedorn, executive vice president of Scotts and division president of Hawthorne....
6 employees of legal cannabis business evaluated by hazmat team following overnight pesticide spraying
Six employees of a local legal cannabis business required evaluation by paramedics Tuesday, after their workplace was sprayed with pesticides. Los Angeles Fire Department paramedics were dispatched to the business in the 300 block of W. Martin Luther King Jr....
CBD Stocks Creating Opportunities – Established (BCCI), (STG), (WEED), (ACRGF), (RLTR), (CBMJ), and Newcomer (VAPR) Lead the Charge
You would have to be living in isolation to have not picked up on the hottest marijuana derivative consumable and therapeutic center isolate CBD. CBD “Cannabidiol” is the non-psychoactive full spectrum derivative of the hemp and marijuana plant largely credited for the majority of the medical beneficial attributes associated with marijuana.
Some Long Beach cannabis businesses could get tax breaks early next year, memo says
Long Beach’s proposed tax relief plan for local cannabis dispensaries is another step closer to reality, a recent city memo said, and could be put into place starting early next year. The City Council, in April, asked various departments to develop such a program —...
Closing Bell: Betapro Marijuana Cos 2X Daily Bull ETF down on Thursday (HMJU)
In trading today, shares of Betapro Marijuana Cos 2X Daily Bull ETF opened at $18.37 and closed at $18.37. Intraday prices ranged from $18.37 to $18.37. Share prices reduced -11.94% from the previous day’s close of $20.86. During the day across North America,...
Meet Max Zappia, Minnesota’s newest cannabis regulator
This interview was first published in Nuggets, the Star Tribune’s weekly newsletter chronicling legal cannabis in Minnesota. Sign up for Nuggets here. Last week, Minnesota’s Office of Cannabis Management (OCM) named Max Zappia as its implementation chief...
Licensed cannabis retailers are free to open new businesses in the state
Licensed cannabis retailers are now free to open new businesses once again. On Dec. 1, the State Supreme Court lifted an injunction that paused the operations and the processing of new licenses. On Wednesday, the Office of Cannabis Management held a town hall meeting...
Tax cuts to marijuana: What’s in Virginia’s budget deal?
RICHMOND, Va. (WRIC) — After months of closed-door negotiations, lawmakers have released a budget deal that includes significant tax cuts, pay raises for state employees and new investments in education. It also addresses marijuana policy and lays out a plan for the...
Heritage Cannabis Reports Q1 2022 Financial Results
TORONTO, May 30, 2022–(BUSINESS WIRE)–Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (“Heritage” or the “Company“), today announced its financial results as at and for the three months ended January 31, 2022 (“Q1...
Sundial Growers’ CEO Says There’s “A Reckoning Taking Hold” in Cannabis. He’s Right.
When CEOs offer insights into their industries, it behooves investors to listen. During Sundial Growers‘ (SNDL -1.99%) May 16 earnings call, CEO Zach George quipped that “[Sundial is] in an enviable position as we witness a reckoning taking hold in the...
Media Buying Briefing: Sparked up by data, new advertisers buy into cannabis marketing
Given the ubiquity of data across the media and marketing landscape, it was only a matter of time before cannabis-related marketing, and the media that serve up cannabis content got their data house in order. And though the number of obstacles to the growing cannabis...
Canadian Cannabis Producer Prices Plunge
You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most...
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