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Canopy Growth Q1 Revenue jumps 12% sequentially

Canopy Growth Q1 Revenue jumps 12% sequentially

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Cannabis NewsAugust 10, 2023

Canopy Growth Reports First Quarter Fiscal Year 2024 Financial Results Net revenue in Q1 FY2024 increased 3% year-over-year to $109 million. Adjusting for divestiture of Canadian cannabis retail operations in FY2023, Q1 FY2024 net revenue increased 16% year-over-year Achieved total cost savings of

Cannabis Technology News

Can breathalyzers detect Cannabis impairment?

Can breathalyzers detect Cannabis impairment?

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Cannabis NewsAugust 9, 2023

Can breathalyzers detect cannabis impairment like they can detect alcohol impairment? This summer, Monroe County is boosting its enforcement of ignition interlock devices, court-ordered devices that require drivers to give a breath sample to start a car. They’re used to stop people convicted of a

Cannabis Technology News

Alabama Medical Cannabis Commission to re-award licenses at Thursday meeting

Alabama Medical Cannabis Commission to re-award licenses at Thursday meeting

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Cannabis NewsAugust 8, 2023

MONTGOMERY — Members of the Alabama Medical Cannabis Commission (AMCC) will re-award licenses at their next meeting on Thursday. Montgomery Circuit Court Judge James Anderson allowed the AMCC on Monday to continue with its plans to award business licenses to cannabis companies this week despite

Cannabis Technology News Medical Cannabis News

Marijuana sales tax will be voted on

Marijuana sales tax will be voted on

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Cannabis NewsAugust 8, 2023

Tuesday is Springfield's special election held solely to ask local residents whether the city should impose an additional 3% sales tax on recreational marijuana. When Missouri voters approved the legalization of recreational marijuana in November 2022, a statewide 6% sales tax on recreational sales

Cannabis Technology News Recreational Marijuana News Marijuana Business News

Hemp Seeds: an untapped resource for biofuel production

Hemp Seeds: an untapped resource for biofuel production

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Cannabis NewsAugust 7, 2023

Exploring the Potential: Hemp Seeds as a Biofuel Resource Hemp seeds, long recognized for their nutritional benefits, are now emerging as a potential untapped resource for biofuel production. As the world continues to grapple with the environmental impacts of fossil fuels, researchers are

Cannabis Technology News

Cannabis e-commerce platform will launch Monday

Cannabis e-commerce platform will launch Monday

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Cannabis NewsAugust 7, 2023

Canterra will allow Western New Yorkers to order cannabis products online to be delivered to their homes. For Western New Yorkers on Monday, ordering cannabis will be as easy as ordering a pizza for delivery. Canterra, an e-commerce cannabis platform and delivery service, is set to launch overnight

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The Green Revolution: The economic impact of legalizing Cannabis

The Green Revolution: The economic impact of legalizing Cannabis

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Cannabis NewsAugust 7, 2023

The green revolution brought about by the legalization of cannabis has had far-reaching effects, not just in terms of its vibrant hue, but in its potential to revolutionize economies around the globe. From being deep-rooted in an underground economy, cannabis is now being recognized as a legitimate

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New regulations for Marijuana alternatives take effect in Kentucky

New regulations for Marijuana alternatives take effect in Kentucky

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Cannabis NewsAugust 4, 2023

New restrictions on the use of legal marijuana alternatives took effect in Kentucky this week, five months after lawmakers approved the legislation. The new law regulates what is in delta-8 cartridges, gummies, and cigarettes. The regulations are a result of House Bill 544, which spells out how

Cannabis Technology News

High expectations for Hemp-Based salmon feed after University’s successful trial

High expectations for Hemp-Based salmon feed after University’s successful trial

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Cannabis NewsAugust 3, 2023

University of Stirling researchers are taking the next steps towards using hemp seed as a sustainable protein source for Scottish salmon feeds, following the success of the first live trials. Dr Monica Betancor, an Associate Professor in the Institute of Aquaculture, conducted a feasibility study

Cannabis Technology News

Cannabis delivery firm Eaze and its billionaire investor accused of fraud

Cannabis delivery firm Eaze and its billionaire investor accused of fraud

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Cannabis NewsAugust 2, 2023

Lawsuit accuses Eaze of fraud in 2021 Green Dragon acquisition. A new lawsuit filed against Eaze, the once high-flying firm that pioneered on-demand cannabis delivery nearly a decade ago, accuses the company of committing fraud when it began talks to acquire a Colorado-based marijuana firm, Green

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Can ‘Hempcrete’ start a homebuilding revolution?

Can ‘Hempcrete’ start a homebuilding revolution?

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Cannabis NewsAugust 1, 2023

Architects are increasingly relying on hemp as a cleaner, more efficient replacement for traditional home construction materials. A recently published article by The Cool Down (“America’s mainstream climate brand”) detailed how hemp can be “transformed into a material called hempcrete.” “Hempcrete

Cannabis Technology News

$2 Billion Cannabis merger goes up in smoke

$2 Billion Cannabis merger goes up in smoke

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Cannabis NewsAugust 1, 2023

Cannabis companies Cresco, Columbia Care call off $2 billion merger as industry awaits banking reform. A $2 billion mega-deal between cannabis multistate operators Cresco Labs and Columbia Care has gone up in smoke more than a year after the companies announced the acquisition, the companies said

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Under Armour closes deal to use hemp yarn in clothing

Under Armour closes deal to use hemp yarn in clothing

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Cannabis NewsJuly 31, 2023

Australian biotechnology company Ecofibre has secured a deal with global sports brand Under Armour Inc to supply a specialty hemp yarn for use in its range of performance apparel. The memorandum of understanding was done through Ecofibre’s speciality manufacturing division Hemp Black and will allow

Cannabis Technology News

NASA employee used COVID Business relief to fund illegal Pot operation

NASA employee used COVID Business relief to fund illegal Pot operation

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Cannabis NewsJuly 26, 2023

One NASA employee took advantage of small business COVID relief for illegal cannabis operations. An employee of the National Aeronautics and Space Administration (NASA) pleaded guilty to using COVID relief designed for small businesses to fund an illegal cannabis operation. A NASA-Jet Propulsion

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Khronic AI launches groundbreaking app, revolutionizing the Cannabis experience

Khronic AI launches groundbreaking app, revolutionizing the Cannabis experience

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Cannabis NewsJuly 25, 2023

Khronic AI, a trailblazing technology company, is proud to announce the official launch of its highly anticipated app, set to redefine the cannabis consumer experience. Leveraging cutting-edge computer vision technology and advanced natural language processing, the Khronic AI app empowers cannabis

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Cannabis farmers tackle sustainability

Cannabis farmers tackle sustainability

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Cannabis NewsJuly 24, 2023

With a burgeoning demand for marijuana, both legal and illegal operations face scrutiny over water issues, energy usage, and plastic pollution. In 2016, when Lex Corwin opened his off-grid, biodynamic cannabis farm in Nevada City, California, he incorporated sustainability into every facet of the

Cannabis Technology News

Curaleaf plans stock exchange listing

Curaleaf plans stock exchange listing

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Cannabis NewsJuly 21, 2023

After announcing its intentions to do so in May 2023, Curaleaf has now confirmed it aims to list subordinate voting shares on the Toronto Stock Exchange (TSX) in a bid to expand its investor base. The company stated it “wishes to implement a reorganization of its U.S. cannabis assets” and has

Cannabis Technology News

The best uses for the Hemp Plant

The best uses for the Hemp Plant

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Cannabis NewsJuly 19, 2023

Hemp is one of the most diverse crops in the world. Here are six ways to take advantage of the plant. For the most part, mainstream markets today are completely missing out on the benefits of the versatile hemp plant, from its tiny seeds up to its hardy stalks. Hemp is an excellent crop for farmers

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Greenlane announces expansion of Groove Line

Greenlane announces expansion of Groove Line

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Cannabis NewsJuly 17, 2023

Greenlane Holdings, one of the largest global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced the launch of the Cara+ portable concentrate device by house brand Groove. Greenlane launched the Groove brand in Fall 2022 to offer

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Canopy Growth shares plunge after debt reduction plan announced

Canopy Growth shares plunge after debt reduction plan announced

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Cannabis NewsJuly 17, 2023

Shares of Canopy Growth Corp, fell more than 30 percent after it announced it has signed deals with its secured and unsecured lenders to reduce its debt, but will issue 90.4 million shares plus new convertible debt to do so. Shares in the cannabis company were down 30 cents, or about 35 percent, at

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