Search Results for: ILL

Acreage Announces Resignation Of Board Member Bill Weld To Focus On Presidential Campaign

NEW YORK: Acreage Holdings, announced that Bill Weld, former Governor of Massachusetts and a 2020 Republican candidate for President of the United States, has resigned as a member of Acreage’s Board of Directors to focus on his political campaign. “I have greatly enjoyed working with CEO Kevin Murphy and the other members of the Board to help Read the full article…

Former NFL linebacker Lofa Tatupu Will Headline 2020 New England Cannabis Convention in Boston

Ex-Seattle Seahawk is founder of “Zone In” line of CBD products MASSACHUSETTS: Former All-Pro Seattle Seahawks linebacker Lofa Tatupu will headline the 2020 New England Cannabis Convention, which returns to the Hynes Convention Center in Boston, March 20-22nd, 2020. In October 2019 Tatupu founded the CBD company Zone In following an NFL career that spanned six seasons and was cut Read the full article…

Taking The Lead On High In Times Square: Billboard Ad Spotlights Women In Cannabis

Women in the cannabis industry are pioneering their messages further into the mainstream than ever before. Last year Honeysuckle Magazine, an award-winning, women-owned internationally distributed media company spearheaded an historic initiative that empowered cannabis brands to run on Times Square billboard for the first time in history. Among their landmark partners was luxury accessories company My Bud Read the full article…

Asheville Hemp Project Launches CBD Infused Gum

First Product from Asheville Hemp Project Brand Highly Efficiency Delivery Method NORTH CAROLINA: Asheville Hemp Project (AHP), an Asheville, NC-based hemp cultivator, is unveiling its new CBD Mint Gum. The launch marks the first consumer product for the brand, with other SKU’s in the pipeline. Asheville Hemp Project aims to connect consumers to the source of the Read the full article…

Aphria Announces Closing Of $100 Million Strategic Investment From Institutional Investor

CANADA: Aphria announced that it closed its previously announced strategic investment from an institutional investor for aggregate gross proceeds to the Company of C$100,000,001. Pursuant to the Offering, the Significant Investor has agreed to purchase 14,044,944 units of the Company at a price of C$7.12 per unit. Each unit is comprised of one common share of Aphria and Read the full article…

Global Cannabis Market to Hit $42.7 Billion By 2024, According To Updated Report From Arcview Group, BDS Analytics

COLORADO: Legal cannabis sales grew 45.7% to $14.9 billion in 2019, led primarily by adult-use markets in Canada, California and Massachusetts, and supplemented by the unique approach to medical markets in Florida and Oklahoma, according to the “2020 Update to The State of Legal Cannabis Markets” (SOLCM) report released today from Arcview Market Research (“Arcview Group”) and BDS Analytics. Read the full article…

Global Cannabis Sales Grow 48% To $15 Billion In 2019

COLORADO: Global cannabis sales rose 48% to $15 billion in 2019, driven by growth in sales in Canada and seven U.S. states that saw sales more than double. Continued consumer adoption in maturing markets such as Colorado and new adult-use markets including Massachusetts contributed to 45% growth in adult-use sales to $8.9 billion. However, medical-only states Read the full article…

Cresco Labs Makes History On January 1st With First Sale Of Adult-Use Cannabis In Illinois

ILLINOIS: Cresco Labs, one of the largest vertically integrated multistate cannabis operators in the United States, announced today that the Company served 3,145 people on New Year’s Day at its five Sunnyside* Dispensaries located in Lakeview, Elmwood Park, Champaign, Buffalo Grove and Rockford, Illinois. Sunnyside* also sold 9,258 cannabis products, including Cresco’s house of brands and Read the full article…

Illegal Marijuana Sales & Other License Violations Prompt WSLCB To Issue Emergency License Suspension For The Smoke Shop In White Center

WASHINGTON: The Washington State Liquor and Cannabis Board (WSLCB) today issued a Board Order of Suspension for The Smoke Shop after an investigation found multiple violations of their state licenses and violations of state and federal drug laws. The suspension is for the licensee listed below: The Smoke Shop: 9817 16th Ave SW, Seattle WA  Read the full article…

Same-Day Cannabis Delivery Key To Combating Illicit Drug Market

By Evan Adcock Legal cannabis retailers are at an extreme disadvantage in the budding multi-billion dollar industry because of their inability to offer convenient, same-day delivery to consumers. While the higher cost of legal cannabis is often cited as the reason for the continued dominance of illicit markets, the divide between the convenience of obtaining Read the full article…