Jelena Martinovic

Jelena Martinovic

Benzinga Editor

Medical Cannabis Can Make You A Better Parent, Study Explains Why
Does cannabis make you a better parent? A recently published study by Cynthia Bansak of the St. Lawrence University economics department and Jun Hyung Kim of the School of Digital Humanities and Computational Social Sciences at South Korea's Advanced Institute of Science and Technology says yes. That is if it doesn't become a cannabis use disorder. "Medical marijuana may increase parenting time by improving parents' health but only if parents do not abuse marijuana," the researchers said.
'Real-Life American Hero' And Veteran Can't Get His Medicine As Alabama Medical Cannabis Legal Saga Continues, Activists Say Enough Already
Alabama lawmakers green-lighted the medical marijuana program in 2021, but litigation over licenses caused delays in license allocation, leaving patients in need of the plant on standby for three years."This delay is not just an administrative failure but a critical issue impacting the health and well-being of countless individuals in our state." That's according to Alabama State Sen. Merika Coleman represents Senate District 19 and other cannabis activists and advocates, who remain tireless in their fight for the launch of the medical cannabis market.In his op-ed published in Alabama Political Reporter, Sen. Coleman, whose father – "a real-life American hero, a wheelchair-bound disabled veteran who fought in Desert Storm I -needs medical cannabis to alleviate chronic pain, asked the Alabama Medical Cannabis Commission (AMCC) that was supposed to be awarded licenses by the end of 2023, or at the latest 2024, "what went wrong?"
Canopy Growth And Other Hot Cannabis Stocks Will Soon Report Earnings, What Investors Need To Know Now
Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) will release its financial results for the first quarter of fiscal year 2025 ended June 30, 2024, before financial markets open on August 9, 2024.Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) will hold its 2024 second-quarter earnings conference call on Thursday, August 8, 2024, at 8:30 am Eastern Time. TILT Holdings Inc. (Cboe: TILT) (OTCQB: TLLTF) will host a second-quarter earnings conference call on Friday, August 9, 2024, at 8:30 am Eastern Time. WM Technology, Inc. (NASDAQ: MAPS) - also known as Weedmaps - a leading marketplace and technology solutions provider to the cannabis industry, today announced it will report financial results for its second quarter ended June 30, 2024, after market close on Thursday, August 8, 2024. Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) will report its 2024 second-quarter results prior to the market opening on August 8, 2024. A conference call to review the results is scheduled for the same day at 11:00 am Easter Time. 
Curaleaf Will Sell Weed To New Yorkers At Two Additional Retail Locations, Opens New Medical Cannabis Dispensaries
Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) announced on Thursday that it will open two new medical dispensaries, as well as begin co-located adult-use sales at two existing medical dispensaries in New York. Curaleaf Rochester, located at 532 Chili Ave, Rochester, NY 14611, is opening its doors to customers on Thursday, July 25. The grand opening event will be held on Friday, July 26, featuring live local music, food trucks, and prizes. Curaleaf Syracuse, located at 4141 South Salina St, Syracuse, NY 13205, will open in the coming weeks, pending regulatory approval.
Aurora Ramps Up Medical Cannabis Production In Germany With Enhanced Licenses To Expand Portfolio
Canadian medical cannabis company Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) has been granted two licenses by the Federal Institute for Drugs and Medical Devices (BfArM) under Germany's new Medical Cannabis Act (MedCanG). The company said on Thursday the license grants it continued domestic cultivation, which has been underway for two years now.
Latest Cannabis Hires And Board Changes, Here's What You Need To Know
Long Beach, California-based vertically-integrated cannabis company Glass House Brands Inc. (CBOE CA: GLAS.A.U) (CBOE CA: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF) announced last week the reappointment of Hector De La Torre to its board of directors. Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) announced on Monday that its annual meeting of shareholders reconvened on July 19, 2024, with roughly 98.6% of shareholders voting in person or by proxy approving the appointment of Davidson & Company LLP as the company's independent auditor for fiscal year 2024. Nova Cannabis Inc. (TSX: NOVC) announced last week that Marcie Kiziak, the company's CEO and director opted to step down from her CEO role, effective August 1, 2024.
Medical Marijuana Market In D.C. At Risk Of Perishing, Affected Business Owner Explains
Washington, D.C.'s medical market could perish within the next three months if the downtrend burdened by the underground market and neighboring Maryland continues. That's according to Grace Hyde, the owner of District Cannabis. "If enforcement doesn't meaningfully begin by the end of July and start to turn things around, I think the medical market could cease to exist within the next 90 days," Hyde told Green Market Report's John Schroyer recently. Currently, only 15 of 23 operators that are licensed to sell medical cannabis are operational statewide. Hyde has been running a cannabis cultivation business for eight years and has ventured into retail this past spring with a new medical marijuana dispensary. However, she's been facing many challenges. "Since January of 2024, the market has been in a really big slump," Hyde said. "We sold less than 400 pounds of flower each month, which is almost nothing."
Marijuana Rescheduling Could Create A Safety 'Blind Spot' In Drug Testing For Airline Pilots And Truck Drivers, Says Gov Agency
Marijuana rescheduling could have significant implications for truckers, commercial drivers, pilots and other federally regulated transit workers in safety-sensitive positions. That's according to the National Transportation Safety Board that warned on Tuesday the proposed rule by the Drug Enforcement Administration to move marijuana from Schedule I to Schedule III of the Controlled Substances Act could "imperil federally required drug testing," for such workers.
MMA Star Chito Vera Gets Support From Marijuana Powerhouse Planet 13 As It Eyes Non-Cannabis Revenue Streams
Vertically-integrated multi-state cannabis company Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) announced on Wednesday the launch of its non-cannabis touching lifestyles brand company, and its first sponsored athlete, MMA star Chito Vera. Bob Groesbeck, co-CEO of the Las Vegas-based cannabis powerhouse with operations in California, Nevada, Illinois and Florida, said the move would allow it to build a business outside marijuana. The new lifestyle brand and apparel line is expected to increase brand awareness and create an additional revenue stream.
Cannara Biotech Reports 6% YoY Drop In Q3 Gross Profit, 22% Revenue Increase As It Enhances Sales Force And Infrastructure
Vertically integrated cannabis company Cannara Biotech Inc. (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB0) announced on Tuesday its fiscal third quarter 2024 financial and operating results for the three and nine-month periods ended May 31, 2024. Zohar Krivorot, president and CEO of Cannara, praised the company's "strong performance," during the period, with net revenues reaching CA$19.5 million ($14.2 million) during the quarter, representing a 22.6% year-over-year increase. "Historically, our sales growth has been driven by great customer loyalty and strong demand for our products, amplified by organic word-of-mouth promotion," Krivorot explained. "However, as indicated by our flat quarter-to-quarter results, this can only take us so far. To continue our expansion across the country, we have begun enhancing our sales force and infrastructure."
Here's Where To Buy Legal Weed: Snoop Dogg's LA Store And New Cannabis Shops In PA & MT
Cannabis might be flying off the shelves in top cannabis states, like California, Michigan and Illinois ranked by the latest cannabis sales figures, but new dispensaries are launching sales nationwide and internationally on a daily basis.
Kamala Harris' U-Turn On Cannabis: Here's Where She Stands On Weed Legalization Now
No one should go to jail for 'smoking weed.' That's according to U.S. Vice President Kamala Harris who's done a total turn-around on the topic of cannabis legalization having prosecuted some 2,000 marijuana offenders in her job as District Attorney of San Francisco, California. Now that President Joe Biden has bowed to pressure and opted to drop out of the presidential race, Harris, the Democratic nominee for the presidential race, has received a big boost from being endorsed by Biden. But what does it mean for cannabis? Harris, who built her career cracking down on gangs and drug dealers, recently criticized past policies that labeled marijuana a "gateway drug" as "failed policies."
Tilray Will Quintuple Its Medical Marijuana Production In Germany With New Cultivation License
Tilray Brands, Inc. (NASDAQ: TLRY) (TSX: TLRY) announced on Monday that its Germany cannabis cultivation facility, Aphria RX GmbH, has obtained the first new cannabis cultivation license issued under MedCanG, Germany's new Cannabis Act. The new cannabis cultivation license allows Aphria RX to cultivate and manufacture a broad commercial range of medical cannabis, providing patients with better access to high-quality medical cannabis produced in Germany. Denise Faltischek, the company's chief strategy officer and head of international, explained that the license allowed Tilray to expand the range of treatment options available to patients. "We appreciate the trust that the German Government has placed in Tilray, and we are proud of our team for their groundbreaking work in medical cannabis cultivation and patient care," Faltischek said.
Cannabis Co. C21 Investments Reports Fifth Consecutive Year Of Positive Free Cash Flow, Following $3.5M Deep Roots Harvest Acquisition
Vertically integrated cannabis company, C21 Investments Inc. (CSE: CXXI) (OTCQX: CXXIF), announced on Monday the filing of its audited financial statements for its fiscal year ended January 31, 2024. The company previously disclosed its unaudited financial results for the year ended January 31, 2024 in its May 7, 2024 news release. "We are pleased to announce the release of our audited year-end financial statements. The Company engaged new auditors this year and have changed our fiscal reporting period to better align with the reporting schedule of our peers," CEO and President Sonny Newman said. "We appreciate the patience of our shareholders during this delay. We anticipate reporting and completing the March 31, 2024filings in the next two weeks."
Cannabis Is Flying Off The Shelves In These Five States, Earning Billions For Marijuana Companies
The number of states where recreational weed is legal is growing each year. Top-selling states like California and Michigan have reported $2.1 billion and $1.6 billion, respectively, in sales for the first half of 2024. As Green Market Report's compilation of sales data showed, Illinois with its roughly $851 million figure in legal marijuana sales for the first half of 2024 came third. Massachusetts and Missouri followed suit with $795 million a $709 million, respectively in recreational cannabis sales reported in the first six months of 2024.
Rapper Future's Weed Products Now Available In Illinois, Here's Where To Find Them
Two-time Grammy winner Future's ultra-premium cannabis brand, EVOL by Future is now available in Illinois via a partnership with Legacy. The Orange County, California-based company said that beginning Friday, Jul 19, Illinois consumers of recreational cannabis can purchase Evol's premium cannabis products, including flower, pre-rolls, and infused pre-rolls.
Growing East Coast Cannabis Markets See New Product Launches By Old Pal
The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP), formerly Columbia Care, announced on Thursday the expansion of its partnership with a lifestyle cannabis brand Old Pal into New Jersey with new and additional products launching in Maryland and Virginia. "This partnership is not only enhancing brand recognition and loyalty for our partners but is also contributing to our overall performance as we work to build a better business by improving operational efficiencies and increasing canopy utilization and manufacturing capacity," Jesse Channon, president at The Cannabist Company, said.
Judge Refuses To Stop NYC Crackdown On Illegal Weed Shops, Which Mayor Adams Calls 'Magnets For Violence'
A group of New York City businesses that saw their stores shut down as part of the "Operation Padlock to Protect" program lost their case against the city officials after a federal judge refused on Thursday to halt the crackdown on unlicensed sellers of cannabis. New York City authorities decided to put an end to thousands of unlicensed shops selling cannabis earlier this year after a new law, known as the Smokeout Act, allowed the NYPD and local sheriff's office to close those businesses without a court order on the first inspection. The stores made money from regular sources as well, selling non-cannabis goods. In June, 27 businesses filed a class-action lawsuit against the city, arguing that the initiative introduced by Mayor Eric Adams in early May violated their due process rights under the U.S. Constitution's 14th Amendment. The legal action sought an injunction to halt these practices.
Prenatal Cannabis Exposure Not Linked To Elevated Risk Of Autism And Oklahoma Court Rules Pregnant Moms Who Use It Are Not Breaking The Law
Maternal marijuana use is not related to an increased risk of autism spectrum disorder (ASD) in children who were exposed to cannabis in utero. That's according to newly published data in Autism Research earlier this month. The research by experts associated with Emory University, John Hopkins, and Harvard included 11,570 children aged 1–18. The study looked at the correlation between prenatal cannabis exposure and ASD and found no link. "In a large sample and measuring ASD traits continuously, there was no evidence that prenatal cannabis exposure increases the risk for ASD," the researchers concluded. "Although no associations were found with ASD outcomes, prenatal cannabis exposure may still be associated with other facets of child development and behavior that were outside of the scope of this study, such as attention and cognition."
Delaware Gov. Carney Signs Three Marijuana Bills - One Allowing Existing Medical Marijuana Dispensaries To Sell Recreational Weed
Delaware Governor John Carney (R) gave the green light to three cannabis-related measures from Rep. Ed Osienski (D) and Sen. Trey Paradee (D) on Wednesday. HB 408, amended to support social equity in the cannabis industry and approved by both chambers of the state legislature would allow recreational cannabis sales to kick off in medical marijuana dispensaries that already operate. It creates "a temporary conversion license for existing medical marijuana compassion centers to operate for recreational marijuana purposes, and sets forth requirements to obtain a conversion license and to operate under such a license."