Industry update Trulieve vies for second place in US pot market The Florida-based operator says national expansion plans will push 2021 sales up 60% from US$522M in fiscal 2020 Jared GnamMarch 23, 2021
Industry update Biden switching stance on weed use sets ‘dangerous precedent’ After news broke of White House firings, the Drug Policy Alliance urges the President to stop reverting back to harmful drug war policies Natalia Buendia CalvilloMarch 23, 2021
Industry update Youth cannabis use unchanged post-legalization: Canadian study Regular pot consumption among Canuck youth in the 2018–19 school year remained flat compared to the previous two Jared GnamMarch 22, 2021
Canada Local industry relieved as province halts sale of Cannabis NB The decision is lauded by local producers, who say a private monopoly would have damaged the province's industry Jared GnamMarch 19, 2021
Industry update Canada records 2nd-highest legal weed sales in January Sales contracted almost 6% from a December record, but were up over October and November Nick LabaMarch 19, 2021
Industry update Cresco Labs enters Massachusetts via Cultivate acquisition The major US cannabis operator will pay at least US$90M to enter its 10th state Jared GnamMarch 18, 2021
Industry update Hexo touts Q2 earnings, eyes M&A Once its deal to buy Zenabis closes, Hexo says it will be close to top-2 in Canadian recreational weed sales Jared GnamMarch 18, 2021
Industry update Alberta’s regulator upholds promotions ban In a note sent to businesses this week, the AGLC says it will focus on other measures to reduce red tape Nick LabaMarch 18, 2021
Industry update American pot giant Green Thumb nets US$556.6M in 2020 The pot stock darling beat analyst consensus with US$177.2M in Q4 revenue Jared GnamMarch 17, 2021
Industry update Australia to spend $14.5M on psychedelic drug trials Australia is funding research to see if magic mushrooms and ecstasy can treat depression and PTSD Jared GnamMarch 17, 2021