THCnet Staff

THCnet Staff




Posts by THCnet Staff


Aurora Cannabis Shares Soar After Canadian Firm Beats Revenue Expectations
Aurora Cannabis Shares Soar After Canadian Firm Beats Revenue Expectations

Aurora Cannabis Inc. yesterday announced its 2020 fiscal third quarter earnings, reporting higher than expected net revenue of more than C$78 million – an 18% improvement from the previous quarter. Aurora’s adult-use sales grew 24% versus last quarter, to C$41.5 million, driven by the launch of value brand Daily Special and a full three months of cannabis 2.0 sales.

Mark Dowley Resigns from iAnthus Capital Holdings' Board of Directors
Mark Dowley Resigns from iAnthus Capital Holdings' Board of Directors

Mark Dowley has resigned from iAnthus Capital Holdings’ board of directors, the company announced Friday. Dowley, and entrepreneur and marketer, joined the company’s board on December 5, 2019, as an independent director. 

Cresco Labs Reports 2019 Results, Cancels Acquisition of Tryke Companies
Cresco Labs Reports 2019 Results, Cancels Acquisition of Tryke Companies

Chicago-based Cresco Labs (CNSX: CL) grew revenue 197%, to $128.5 million, in 2019, but the record growth wasn’t enough to keep the multistate cannabis operator out of the red. The cannabis firm’s net losses exceeded $65 million in 2019. Cresco also announced it would terminate a planned $282 million purchase of Tryke Companies.

Politicians Use 420 to Push Cannabis Legalization Agendas
Politicians Use 420 to Push Cannabis Legalization Agendas

While many marijuana enthusiasts may have spent yesterday toking up in celebration of the cannabis community’s official-unofficial holiday, several 420-friendly politicians used their platforms to call for legalization and other pro-pot policies.

Charlotte Figi, Namesake of Charlotte’s Web CBD Brand, Dies at 13
Charlotte Figi, Namesake of Charlotte’s Web CBD Brand, Dies at 13

Charlotte Figi, the young Colorado girl whose debilitating condition led to the development of an eponymous cannabidiol (CBD) brand called Charlotte's Web, died on Tuesday at the age of 13. Figi suffered from a rare form of epilepsy called Dravet syndrome and used CBD oil to help treat frequent seizures.

NCIA Public Policy Director Andrew Kline on Descheduling Cannabis, SAFE Banking and Interstate Commerce
NCIA Public Policy Director Andrew Kline on Descheduling Cannabis, SAFE Banking and Interstate Commerce

THCnet sat down with Andrew Kline, the National Cannabis Industry Association's director of public policy, during this week's Northeast Cannabis Business Conference to get his take on a myriad of issues -- including the chances of rescheduling cannabis, the timeline for legalization and how the NCIA approaches its lobbying efforts in Washington D.C.

Leafly: US Cannabis Industry Created 33,000 Jobs in 2019
Leafly: US Cannabis Industry Created 33,000 Jobs in 2019

According to marijuana information firm Leafly, the U.S. cannabis industry added 33,700 jobs in 2019 even as many major cannabis firms have slashed hundreds of positions in search of profits. In its most recent jobs report, Leafly said the legal American cannabis market supported 243,700 full-time-equivalent positions as of January, 2020, up 15% from the previous 12-month period.

3 Key Cannabis Storylines to Watch in 2020
3 Key Cannabis Storylines to Watch in 2020

2019 was a bit of a mixed bag for the North American marijuana market as companies had to battle through a nationwide vaping crisis, plummeting stock prices and a barrage of other headwinds. Nevertheless, there were plenty of reasons for cannabis entrepreneurs and executives to feel optimistic heading into 2020. Here are 3 storylines to keep an eye on as the new year gets underway.

From Bevs to Bud: Theory Wellness VP on Leaving Craft Beer for Cannabis
From Bevs to Bud: Theory Wellness VP on Leaving Craft Beer for Cannabis

In an interview with THCnet, Theory Wellness VP Matt Gamble discusses his experience in the marijuana business, and shares his thoughts on why other CPG professionals should consider a career in cannabis.

The Buzz: Michigan Issues First Recreational Licenses; 2 States Ban Products with Vitamin E Acetate
The Buzz: Michigan Issues First Recreational Licenses; 2 States Ban Products with Vitamin E Acetate

In this week’s edition of The Buzz: Michigan’s Marijuana Regulatory Agency issued the state’s first recreational licenses, Michigan and Washington banned vitamin E acetate, and New York’s Acreage Holdings announced plans to acquire New Jersey’s Compassionate Care Foundation.

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