Marijuana by the Numbers

Marijuana by the Numbers

“When Leafly.com wanted to run a jobs report on the U.S. cannabis industry, it realized that the federal government was not tracking it. So, the website hired Whitney Economics. And from looking at state and industry data, it found that nearly 65,000 cannabis-related jobs were created in 2018. It was a 44% increase, on the heels of +21% in 2017.” – InvestorPlace

KushCo Holdings Announces Filing of Application to List on the NASDAQ Global Select Market

KushCo Holdings Announces Filing of Application to List on the NASDAQ Global Select Market

“KushCo Holdings, Inc. (OTCQX: KSHB) (''KushCo'' or the ''Company''), today announced it has filed an application to list the Company’s common shares on the NASDAQ Global Select Market (“NASDAQ”).” – Accesswire

Canopy CEO Departs; What Now for the Cannabis Giant?

Canopy CEO Departs; What Now for the Cannabis Giant?

By now, we’ve all heard the news: Bruce Linton, co-CEO of Canopy Growth(TSE:WEED), the world’s largest supplier to the cannabis markets, left the company last week. Asked about his departure from the company he had led to industry dominance, Linton said, “I think stepping down might not be the right phrase. I was terminated.” – Yahoo!

CannTrust Flagged by Health Canada for Cannabis Production from Previously Unlicensed Grow Rooms

CannTrust Flagged by Health Canada for Cannabis Production from Previously Unlicensed Grow Rooms

“CannTrust Holdings Inc. has received a compliance report from Health Canada notifying the Company that its greenhouse facility in Pelham, Ontario is non-compliant with certain regulations. CannTrust has accepted Health Canada's non-compliance finding and has taken actions to ensure current and future compliance.” – NCV

American Cannabis Stocks Score Third Consecutive Monthly Decline

American Cannabis Stocks Score Third Consecutive Monthly Decline

“The American Cannabis Operator Index extended its post-March weakness again, declining over 8% to 87.35: The good news is that the stocks managed to recover somewhat from the mid-June lows, ending the month 5% higher than where it closed on June 14th. Still, Q2 was quite challenging, as the index lost 23.8% of its value.” – NCV

Quick Look at High Yield Insight’s Report “The CBD Consumer Experience”

Quick Look at High Yield Insight’s Report “The CBD Consumer Experience”

“High Yield Insights, a team of professionals with varied backgrounds published the “The CBD Consumer Experience”. A report that aims to deliver fact-based insights to conversations around the current state and future of the CBD industry with a comprehensive study on the motivations, uses and attitudes of CBD users as well as users of other cannabis products such as THC.“ – Greenlight

Midwest Cannabis Market Expansion Spurs KushCo Distribution Center Opening

Midwest Cannabis Market Expansion Spurs KushCo Distribution Center Opening

“KushCo Holdings, Inc. announced the development of a new 40,000 square foot distribution facility in Taylor, Michigan. The new facility will support the Company’s rapidly growing operations across the Midwest, including Illinois and Michigan, which both recently legalized recreational cannabis.” – NCV Newswire

UM School of Pharmacy Launches Master’s in Medical Cannabis Science and Therapeutics

UM School of Pharmacy Launches Master’s in Medical Cannabis Science and Therapeutics

“The University of Maryland School of Pharmacy has launched a new Master of Science (MS) in Medical Cannabis Science and Therapeutics to provide students with the knowledge and skills needed to support patients and the medical cannabis industry, add to existing research in the field, and develop well-informed medical cannabis policy.” – Cannabis Business Times

Google Is Testing the Waters for CBD Ads With Trial Program, CBD Retailer Says

Google Is Testing the Waters for CBD Ads With Trial Program, CBD Retailer Says

“Alphabet Inc.’s Google is taking steps toward ending its prohibition on advertising for cannabidiol products through a trial program that allows select companies in the budding hemp sub-industry to purchase ads on its platform, according to one CBD retailer that was asked to participate.” – Morning Consult

New York’s Adult-Use Cannabis Legalization Bill Is Dead

New York’s Adult-Use Cannabis Legalization Bill Is Dead

“After a dramatic final week of New York’s legislative session during which cannabis advocates oscillated between optimism and defeat, the state’s adult-use cannabis bill is dead.” – Leafly

Congress Votes To Block Feds From Enforcing Marijuana Laws In Legal States

Congress Votes To Block Feds From Enforcing Marijuana Laws In Legal States

“The House of Representatives approved a far-reaching measure on Thursday to prevent the Department of Justice from interfering with state marijuana laws, including those allowing recreational use, cultivation and sales.” – Forbes

Banks Accepted Significantly More Marijuana Businesses In 2019, Federal Data Shows

Banks Accepted Significantly More Marijuana Businesses In 2019, Federal Data Shows

“Banks and credit unions have been accepting significantly more marijuana businesses in 2019, according to new federal data. At the end of the last quarter of 2018, there were 438 banks and 113 credit unions actively servicing cannabis businesses. By March 2019, those numbers grew to 493 and 140, respectively.” – Marijuana Moment

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