Dec 30, 2020 | National
Early in the morning on Nov. 4, Lavell Russell received a phone call from a friend who told him that his cannabis shop, Only Good Weed, had been “trashed and robbed.” Russell drove to the store, a small commercial building on the corner of High Street and Fairfax...
Dec 29, 2020 | National
State tax and revenue data acquired and analyzed by Leafly reveal that nationwide sales of medical and adult-use marijuana increased by 67% over 2019. Americans purchased $17.9 billion in cannabis products over the past calendar year, $7.2 billion more than the $10.7...
Dec 27, 2020 | National
Two cannabis special purpose acquisition companies (SPACs), Silver Spike Acquisition Corp. and Subversive Capital Acquisition Corp., recently announced deals worth more than $2 billion, while two other SPACs have an additional $280 million that must be...
Dec 27, 2020 | National
After years of delay, the U.S. Drug Enforcement Administration could soon begin issuing licenses to businesses and institutions to cultivate cannabis for scientists researching the plant. “I expect them to start issuing licenses no later than the first half of 2021,”...
Dec 18, 2020 | National
New Jersey lawmakers on Thursday approved legislation to regulate and launch an adult-use marijuana market next year that’s expected to become the largest on the East Coast with sales approaching $1 billion in a few years. Passage of the implementation bill by the...
Dec 17, 2020 | National
Canadian cannabis companies Aphria and Tilray on Wednesday announced plans to merge, a transaction that would create a giant international marijuana firm with combined equity value of approximately 5 billion Canadian dollars ($3.9 billion). The merged...
