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The legal cannabis market in California is poised for huge growth after seeing a $500 million fall in legal sales in 2018 following an initially rocky launch of the state's adult-cannabis market, according to a new report. The report, titled "California: Lessons From the World's Largest Cannabis Market",...

Oklahoma is the state with the fastest-growing medical marijuana market in the U.S., according to an analysis by Marijuana Business Daily. The new quarterly release of the Marijuana Business Factbook states that the average number of daily patient increase in Oklahoma was 641, and medical marijuana...

Illinois Governor J.B. Pritzker has approved legislation that expands and makes permanent the state's medical cannabis program. Illinois' medical cannabis law was set to expire next year. It was signed into law by former Governor Pat Quinn in 2013 as a pilot program. In June this year, Illinois...

Canadian cannabis company Canopy Growth Corp. (CGC, WEED.TO) said it has agreed to acquire cannabinoid-based medical research firm Beckley Canopy Therapeutics. Financial terms of the deal were not disclosed. Beckley Canopy was formed as a joint venture in January 2018 between Beckley Research & Innovations...

Massachusetts marijuana regulators have fined Massachusetts-based cannabis company Curaleaf $250,000 for failing to seek prior approval for a change in ownership of the company that took place last year. This is the largest fine imposed by the regulators to date. The Massachusetts Cannabis Control...

One in seven Americans use cannabidiol or CBD-based products as more products hit the market following the passage of the 2018 Farm Act, according to a survey by Gallup. Cannabidiol or CBD is a naturally-occurring cannabinoid constituent of cannabis. It is a chemical in the marijuana plant often used...

marijuana-aug05.jpg Iowans suffering from chronic pain may soon be able to receive medical cannabis as treatment. The Iowa Medical Cannabidiol Board held its meeting on Friday for the first time since Governor Kim Reynolds in May vetoed a bill that would have expanded the program. The board members reportedly voted...

superjumper-aug2.jpg California-based Super Jumper Inc. recalled around 23 thousand trampolines that were sold for around eight years after injuries were reported.

CannTrust Holdings Inc. said it is reviewing strategic alternatives, including a possible sale of the company. In a statement, the troubled cannabis company said that a special committee of its board of directors has retained Greenhill & Co. Canada Ltd. as a financial advisor to assist in a review...

burgers-aug01.jpg Impossible Foods Inc. is gearing up to sell its plant-based substituent for ground beef in grocery stores across the nation starting in September.

UK-based tobacco giant Imperial Brands plc (IMB.L, IMBBF.PK, IMBBY.PK) said it will invest C$123 million, or GBP 75 million, in Canadian cannabis company Auxly Cannabis Group Inc. The deal marks Imperial's latest foray into the cannabis sector. As part of the transaction, Imperial will invest 75 million...

canntrust-july26.jpg CannTrust Holdings Inc. said Thursday that it has ousted Chief Executive Officer Peter Aceto, while Chairman Eric Paul has complied with the company's demand to resign. The Canadian cannabis company's shares gained more than 15 percent in after-hours trading in the New York Stock Exchange. The move comes after Health Canada found CannTrust to be non-compliant with regulations.

heartattack-july24.jpg Ever wondered why only humans have heart attacks and they are so rare in other animals, even in chimpanzees, our very close genetic cousins?

curaleaf-july22.jpg Cannabis company Curaleaf Holdings Inc. has agreed to acquire privately-held GR Companies, Inc. or Grassroots, for about $875 million in cash and stock. The acquisition will make Wakefield, Massachusetts-based Curaleaf the world's largest cannabis company by revenue and the largest in the U.S. by other key operating metrics. It will also expand Curaleaf's presence to 19 states.

The City of West Hollywood has approved the first-of-its-kind cannabis café within its city limits. This will be the first cannabis café in the U.S. Dubbed "Lowell Farms; A Cannabis Café", the full-service outdoor rooftop restaurant will open in August at 1201 North La Brea Avenue. It will feature...

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