“Counsel for the parties fundamentally misunderstood how this proceeding, this tribunal and this judge are legally-bound to proceed—and in so doing have potentially set back the entire movement for cannabis reform.” By Khurshid Khoja, Greenbridge Corporate Counsel P.C. As legal counsel representing the National Cannabis Industry Association (NCIA) during the Drug Enforcement Administration’s (DEA) marijuana […]
The post Don’t Blame DEA For Marijuana Rescheduling Hearing Cancellation Caused By Cannabis Industry Lawyers (Op-Ed) appeared first on Marijuana Moment.
Category: News
Ascend Issues $15 Million in Debt
Ascend Wellness Holdings Closes $15 Million Private Placement of Senior Secured Notes NEW YORK, Jan. 14, 2025 /PRNewswire/ – Ascend Wellness Holdings, Inc. (“AWH”, “Ascend” or the “Company”) (CSE: AAWH-U.CN) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator, is pleased to announce it has closed its previously announced private placement of $15 million of its […]
Michigan Cannabis Sales Decrease in December
Michigan cannabis sales for December fell from a year ago and they fell sequentially 3.9% despite the extra day in the month. At $265.5 million, sales were down 5.2% from a year earlier: The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 74.4% from a year ago to $0.8 million, […]
Tilray Q2 Cannabis Revenue Falls 2% From a Year Ago
Tilray Brands Reports Q2 2025 Financial Results Gross Profit Increased by 29% Year-Over-Year, Reaching $61 Million in Q2 with Growth Across All Four Business Segments Achieved 9% Year-Over-Year Growth, Generating Record Q2 Net Revenue of $211 Million, 10% in Constant Currency Beverage Revenue Increase by 36%, International Cannabis by 25%, Wellness Segment by 13% Announces […]
The Death of Another Cannabis ETF
You’re reading 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 important news. We no longer send these by email as we did in […]
December Cannabis Sales Fell From a Year Ago
New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s monthly cannabis sales data for 15 states. Cannabis sales decreased 3.2% sequentially in December despite there being one more day during the month. On a per-day basis, sales fell 6.3%. In this review, we share the results by state, beginning with the western markets and […]
The Other Cannabis REITs Could Face Pressure
You’re reading 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 important news. We no longer send these by email as we did in […]
One Part of the Cannabis Sector Rose in December
As we described in an article released earlier, the Global Cannabis Stock Index moved lower in December, falling 7.5%. It was down 15.2% in 2024. In this article, we summarize the performance of the other managed indices that New Cannabis Ventures offers to its readers. We discuss the performance of the American Cannabis Operator Index, Ancillary Cannabis Index and […]
Cannabis Stocks End a Rough Year Roughly
Cannabis stocks, as measured by the Global Cannabis Stock Index, were quite volatile this year. The index gained in September, prompting a Q3 gain, but it fell in October, November and then in December too, losing 7.5% to 6.88 and leaving the index down in 2024: In 2023, the index ended down 16.5% to 8.11. In […]
Vireo Growth Raises $81 Million at $0.625 per Share
Vireo Growth Inc. Announces Closing of Oversubscribed US$81 Million Equity Securities Offering – Oversubscribed equity raise at US$0.625 per share capitalizes Company with a strong balance sheet– – Financing enables Vireo to fund investments in additional organic and acquisitive growth opportunities – MINNEAPOLIS, Dec. 31, 2024 (GLOBE NEWSWIRE) — Vireo Growth Inc. (“Vireo” or the […]