CCC

Illinois Sees Continued Growth In Cannabis Sales In 2024: What's Next?
PharmaCielo Cannabis Co. Narrows Net Loss By 31% YoY In Q1, CEO Says Cost Reduction Efforts Showing Results
Executive Changes In Cannabis Industry You Should Know About, New Appointments & More
PharmaCielo Cannabis Co. Narrows Net Loss By 31% YoY In Q1, CEO Says Cost Reduction Efforts Showing Results
Executive Changes In Cannabis Industry You Should Know About, New Appointments & More
Tyson's Weed Accessory Shop In Amsterdam, Oregon's Psilocybin Center, Trulieve Ramps Up In Florida And New Places To Buy Marijuana
EXCLUSIVE: Can Data Fix Cannabis Banking? Green Check CEO Breaks Down The Solution (CORRECTED)

CCC Recent News

'Fake Weed' Gummies, Vape Pens And Other Hemp Products Banned In South Dakota Where Majority Opposes Recreational Cannabis
A law that bans the sale of unregulated hemp products in South Dakota took effect on Monday, some three months after Governor Kristi Noem (R) signed it into law.the measure from Rep. Brian Mulder (R) made The sale of all Delta-8, Delta-10, THC-O, HHC and THC-P products and other unregulated THC products illegal statewide and treated as a Class 2 misdemeanor. Hemp Quarters 605, a shop where such products can be purchased, took legal action in June to fight the new law. The Pierre-based business filed a lawsuit U.S. District Court in South Dakota challenging the constitutionality of the new law and asking for an issuance of a preliminary injunction to put a pause on the enactment of the bill.According to the lawsuit, by meddling with the sale of federally legal products across state lines, the state would violate the U.S. Constitution's commerce clause.
Cannabis Patents For Pancreatic And Breast Cancers To Get A Review, CBIH Works On Treatment For Other Serious Conditions
As rates of pancreatic and breast cancer increase among the population, Cannabis Bioscience International Holdings (OTCMKTS: CBIH) opted to address the infamous trend with new treatment methodologies. The Houston-based company submitted its inaugural pair of patents, targeting those with breast and pancreatic cancers, for legal review and subsequent registration."Given the stark statistics associated with these cancers, our team recognizes the critical need for aggressive yet targeted interventions," Jennifer Salguero, PhD in Science with emphasis on Microbiology, said."We aim to not only target the tumors but also safeguard surrounding tissues, leveraging the inherent antitumor properties of cannabinoids."
Here's Where To Buy Legal Weed: Florida Operators Ramp Up For Potential Legalization, New Cannabis Stores Launching Sales
In Florida, where a ballot initiative to legalize recreational marijuana this coming November is drawing unprecedented financial support, two new stores kicked off medical cannabis sales recently.C3 Industries Inc. kicked off the sale at its ninth dispensary in Missouri and 25th store nationwide on Friday. AYR Cannabis Dispensary, owned by AYR Wellness Inc. (CSE: AYR.A) (OTCQX: AYRWF) has kicked off sales at AYR Cannabis Dispensary Hometown, its third retail location in Illinois and 92nd nationwide.High Tide Inc. (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA) said that its Canna Cabana retail cannabis store at 40 Great Plains Road, Emerald Park, Saskatchewan.
Cronos' New Cannabis Products To Help You Breeze Through Summer
Cronos Group Inc.'s (NASDAQ: CRON) (TSX: CRON) Spinach brand is expanding its portfolio of cannabis products just in time for the summer months.The Toronto-based company revealed new flavors and formats from its SOURZ by Spinach edibles and a premier milled flower product.
Cannabis Company 4Front Announces Broker Offering Of Up To $3.6M In Units, Here's Where The Money Will Go
4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) announced on Thursday it seeks to secure roughly CA$5 million ($3.65 million) in financing. The Phoenix, Arizona-based company said that it has entered into an agreement with Eight Capital, as lead agent and sole book-runner, on behalf of a syndicate of agents to be formed, to act as agents on a "best efforts" basis to sell up to 47,620,000 of its units at CA$0.105 per unit for gross proceeds of up to CA$5,000,100.The company said it plans to utilize the net proceeds of the offering to buy equipment, inventory, cultivation inputs, and additional retail licenses and complete the buildout of its new retail locations.
Cultivator Chronicles: Can LED Lights Transform Cannabis Sustainability?
Cultivator Chronicles is a column that digs into the world of cannabis growers and their contributions to this rapidly expanding market.
Congressman Earl Blumenauer On NCAA's Removal Of Cannabis From Banned Substances List
The NCAA regulators gave the green light to take off cannabis from the banned drug substance list for championships and postseason participation in football, as first reported by the Associated Press.On Tuesday, the NCAA Division I council also put an end to a limit on the number of football staffers who can work with players on the field. Previously the limit implied head coach and 10 assistants.The council's focus is on the health and well-being of student-athletes instead of punishment for using cannabis, Illinois athletic director Josh Whitman said.
CBD Products For Sale At Walmart, Charlotte's Web Topicals Are On The Shelves In These Five States
Charlotte's Web Holdings, Inc. announced Wednesday that its hemp-derived CBD products are now available at Walmart. Starting in June, consumers will find topical products in 827 Walmart stores across five states including California, Illinois, Florida, Texas, and Pennsylvania. Walmart is the world's largest retailer domestically and internationally, with sales reaching $161 billion in Q1 2024.
Simply Solventless To Acquire CannMart As It Seeks To Expand Into Hydrocarbon Cannabis Concentrates
Simply Solventless Concentrates Ltd. (TSXV: HASH) is acquiring Lifeist Wellness Inc.'s (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: LFSWF) subsidiary CannMart Inc.The Calgary, Alberta-based company said on Wednesday that it has entered into a services agreement regarding the operations of CannMart and a share purchase agreement with Lifeist Wellness Inc. to acquire all of the shares of CannMart.
Latest Key Hires & Board Changes In Cannabis Industry: Canopy Growth, Acreage And More
s Benzinga Cannabis Capital Conference returns to Chicago this Oct. 8-9 its 19th edition, gathering top CEOs, investors and investors and leaders in the cannabis industry, let's scroll through the latest leadership changes in the space.Kicking off with Margaret Brodie, CEO of Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF), who has recently been nominated as an EY Entrepreneur Of The Year 2024 finalist in Pacific. The company shared the news in an X post earlier in June. Canadian cannabis giant Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) recently appointed Ryan Keith, a senior commercial leader with over two decades of experience in the healthcare and pharmaceutical sectors as head of clinics. Cannabis multi-state operator Acreage Holdings, Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF) reported last week that it has tapped Rebecca Kirk to serve as its chief operating officer.
Pesticide Contamination Poses Serious Health Risks in California's Cannabis Industry
Contaminated cannabis in California poses health risks due to high pesticide levels. Industry conference in Chicago aims to address regulatory challenges.
Organigram Supports Cannabis In Germany With $15M Initial Investment In This Berlin Marijuana Co.
Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) announced on Tuesday a strategic investment aimed at expanding its presence within the burgeoning European cannabis market. The Toronto-based company will utilize proceeds from its Jupiter strategic investment pool and invest €14 million ($15 million) initially. The sum includes €11.5 million via an unsecured convertible note and €2.5 million to purchase equity interests from existing Sanity Group founders and shareholders providing Organigram with a minority stake in Berlin-based cannabis company Sanity Group GmbH. Concurrent with the investment, Organigram and Sanity Group have entered into a new supply agreement to include significantly higher volumes and the intention to work together on the commercialization of Organigram's brands and intellectual property in Germany.
Delaware's Fast-Track Marijuana Bill Heads To Senate, Job Corps Amends Weed Testing Policy And More Updates
Senate lawmakers are pushing to further amend the drug screening protocol announced by Job Corps, a drug-free and alcohol-free job-training program federal program administered by the U.S. Department of Labor (DOL). Some residents of Bay Ridge, a neighborhood in the southwest corner of the New York City borough of Brooklyn, backed by politicians, have voiced opposition to a cannabis dispensary that is pending approval to open near the neighborhood's schools and houses of worship, reported New York Post.The members of the Delaware House of Representatives gave the green light to a measure that seeks to kick off recreational cannabis sales in medical marijuana dispensaries that already operate.
Nine In 10 Americans Back Marijuana Legalization: What It Means For The Future Of Cannabis
Here's where the U.S. is on marijuana support and legalization, according to a January 2024 Pew Research Center survey.
Cultivator Chronicles: The Science Of Growing And Cannabis Genetic Diversity
Cannabis growers are shifting focus to rare and unique strains, emphasizing genetic diversity and sustainable practices. Learn more at Benzinga Cannabis Capital Conference.
Here's Where To Buy Legal Weed: New Cannabis Shop In Times Square And More Retail Updates From Six States, Beyond Borders
The New York Cannabis Control Board officially approved home cultivation rules for residents in June, allowing those 21 and older to grow their weed at home, by specific plant count limits. ILGM (I Love Growing Marijuana), a cannabis seed company, celebrated the milestone by offering a fun giveaway of $100 worth of cannabis seeds to each of 420 lucky New Yorkers. On Thursday, Nicklz on 48th Street and Eighth Avenue near Times Square in New York City kicked off cannabis sales of state-approved and certified cannabis products, reported ABC7 News. The shop's owner, Nicholas Koury, is backed by the New York Cannabis Social Equity Investment Fund.
Body and Mind Narrows Loss By 30% YoY In Q3, Doubles Down On Streamlining Operations
Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) announced on Friday its financial results for the third quarter of fiscal year 2024 ended April 30, 2024. Michael Mills, the company's CEO, said BaM is working on streamlining its operations. "We continue to execute our strategy of reducing our footprint and focusing on developing our most valuable assets," he said in a press release. Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) announced on Friday its financial results for the third quarter of fiscal year 2024 ended April 30, 2024. Michael Mills, the company's CEO, said BaM is working on streamlining its operations. "We continue to execute our strategy of reducing our footprint and focusing on developing our most valuable assets," he said in a press release. In Illinois, the company's Markham-based dispensary shows signs of growth, while the building project in the Lynwood store is in its final stages, the company said.
Medical Marijuana Could Finally See The Light Of Day In This Southern State As Senators Approve Legalization Measure
A measure that would legalize medical cannabis in North Carolina got the green light from the state Senate members on Thursday.The Senate Rules Committee picked up on the House Bill 563 and passed it, after the Judiciary Committee approved the medical cannabis language being added to a hemp- and kratom-related measure that first originated in the state House of Representatives.The legislation from state Rep. Jeff McNeely (R) was then approved on the Senate floor on second reading in a 33-9 vote, reported Marijuana Moment. Before sending the bill back to the House the measure will be once again reviewed and voted upon by Senate members on Monday.
Cultivator Chronicles: Genetic Advancements In Cannabis Cultivation
LOWD, a cannabis company, shares their techniques for success through genome mapping, energy conservation, and adapting to consumer preferences. Success in cultivation is measured through various metrics.
Cronos Cannabis Co. Will Provide $51M To GrowCo Toward Facility Expansion Fund
Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) announced on Thursday an expansion of Cronos Growing Company, a cannabis cultivation business that the Toronto-based company owns 50% of.The investment will be funded by a roughly $51 million (CA$70 million) secured non-revolving credit facility provided by Cronos. It will assist GrowCo's expansion of its purpose-built cannabis facility in Leamington, Ontario, that will produce high-quality cannabis flower, the company said in a press release., Under the four-year supply deal between Cronos and GrowCo and prior to the first sale of products from the newly constructed area, Cronos will have the option to buy roughly 80% of GrowCo's production. Once first sales from the newly constructed area occur, Cronos will have the option to purchase 70% of all GrowCo's supplies on an annual basis.
Calling All Hemp Beverage Producers: Enter The Benzinga x BevTest Competition By August 1
Benzinga Cannabis and The Beverage Testing Institute (BevTest) have partnered to host the 2024 Benzinga Hemp Beverage Competition, marking a pivotal moment for hemp beverage producers worldwide.
Buy Weed At California State Fair, This Summer Includes Consumption A Lounge And Expanded Cannabis Competition
This July the California State Fair is poised to integrate onsite cannabis sales and consumption. It's the first time cannabis will be legally sold at a state fair. This year's cannabis competition was expanded to include product categories for pre-rolls, concentrates, cartridges, edibles, beverages and wellness products in addition to flower, enhancing the science-based testing with additional judging by a panel of experts. The initiative builds on legislation signed by the governor allowing for licensed cannabis events to take place.
Green Rush: Legal Reforms, Medical Needs Fuel Cannabis Cultivation Boom
The cannabis cultivation market is rapidly expanding, with a global value of $392.1 billion in 2022. North America dominates, while hemp and medical cannabis usage are on the rise. Attend Benzinga's Cannabis Capital Conference to learn more about this competitive market.