New Frontier Data: 86% of Americans Have Heard About CBD
New Frontier Data: 86% of Americans Have Heard About CBD

Consumer interest in products containing cannabidiol (CBD) is growing, according to New Frontier Data, a global cannabis research firm based in Washington D.C. A pair of recent white papers published by New Frontier help to illustrate the opportunity in the burgeoning American CBD market, which could be worth $20 billion by 2024 according to Colorado-based cannabis research agency BDSA.

Rocky Mountain High: Colorado Cannabis Sales Exceed $192 Million in May
Rocky Mountain High: Colorado Cannabis Sales Exceed $192 Million in May

Colorado cannabis retailers sold a record $192 million worth of marijuana in May, according to data from the Department of Revenue’s Marijuana Enforcement Division. By comparison, $143 million worth of cannabis was sold last May, state records show.

After Just 6 Months, Illinois Collects $52 Million in Cannabis Tax Revenue
After Just 6 Months, Illinois Collects $52 Million in Cannabis Tax Revenue

Illinois has hauled in $52 million in tax revenue from the sale of $239 million worth of adult-use cannabis this year, Governor JB Pritzker announced Tuesday. According to a news release, the Illinois Department of Revenue collected $34.7 million worth of excise taxes and approximately $18 million in sales taxes through the first six months of 2020.

Jushi Holdings Raises $17.4 Million as Q2 Revenues Climb 74%
Jushi Holdings Raises $17.4 Million as Q2 Revenues Climb 74%

Florida-based cannabis and hemp firm Jushi Holdings has updated a previously announced debt raise, confirming that it has secured an additional $2.1 million in funding. The company, which is in the process of acquiring Vireo Health’s cultivation and processing facilities in Pennsylvania, has brought in a total of $17.425 million to help fund the deal.

iAnthus Capital Unveils Restructuring Arrangement, Erases Existing Shareholder Value
iAnthus Capital Unveils Restructuring Arrangement, Erases Existing Shareholder Value

Holders of common iAnthus Capital Holdings stock could be left on the outside looking in under a proposed restructuring arrangement announced Monday. In a news release, the multistate cannabis firm said it struck a deal with all secured debt holders and most unsecured debt holders that will give the two groups control over a combined 97.25% of common shares following a recapitalization.

Massachusetts Marijuana Regulators Issue Hefty Fines to 3 Cannabis Firms
Massachusetts Marijuana Regulators Issue Hefty Fines to 3 Cannabis Firms

The Massachusetts Cannabis Control Commission has issued hundreds of thousands of dollars in fines to three cannabis firms for not complying with agency regulations. During a July 9 public meeting, chairman Steven Hoffman and commissioners Jennifer Flanagan, Britte McBride, and Shaleen Title unanimously voted to fine two companies for using banned pesticides on their cannabis plants.

Vireo Health Develops New Packaging to Preserve Cannabis Terpenes
Vireo Health Develops New Packaging to Preserve Cannabis Terpenes

Marijuana connoisseurs are likely aware of how long flower will typically last and the factors that contribute to the degradation of cannabinoids and terpenes. But consumers buying cannabis for the first time are likely less familiar with shelf life expectancy. A desire to deliver fresher marijuana products to consumers is what drove Vireo Health to develop new packaging technology.

Illinois Recreational Dispensaries Sell Record $47.6 Million of Cannabis in June
Illinois Recreational Dispensaries Sell Record $47.6 Million of Cannabis in June

Sales of adult-use cannabis in Illinois hit a new record high last month, as recreational marijuana dispensaries sold more than $47.6 million worth of legal products – a 7.5% uptick versus the previous month. According to the IDFPR, which tracks sales at licensed adult-use shops, nearly $240 million worth of recreational cannabis has been sold in Illinois through the first half of 2020.

Cannabis Firm Schwazze Terminates 2 Planned Acquisitions in Colorado
Cannabis Firm Schwazze Terminates 2 Planned Acquisitions in Colorado

Colorado cannabis firm Schwazze (OTCQX: SHWZ) has cancelled two planned acquisitions of in-state marijuana businesses, including one of the largest outdoor cannabis farms in North America.

High Times Again Extends Public Offering, Announces Cannabis Delivery Service Acquisition
High Times Again Extends Public Offering, Announces Cannabis Delivery Service Acquisition

High Times' crowdfunding efforts may have stalled, but its dealmaking capabilities are moving ahead expeditiously as the popular pot publication continues its pivot toward a plant-touching business model. The magazine's parent company, Hightimes Holding Corp., has inked a deal for Sacramento, California-based marijuana delivery service Mountain High Recreation, Inc.

Cresco Labs Closes $29 Million Sale-And-Leaseback Deal with Innovative Industrial Properties
Cresco Labs Closes $29 Million Sale-And-Leaseback Deal with Innovative Industrial Properties

Chicago’s Cresco Labs has inked yet another sale-and-leaseback agreement with Innovative Industrial Properties (IIP), a real estate investment trust (REIT) focused on the cannabis sector.

Vireo Health Names New CFO
Vireo Health Names New CFO

Vireo Health has named John Heller, the outgoing chief financial officer of fitness company Lift Brands, as its new CFO. Heller, who supplants Shaun Nugent as CFO of the multistate cannabis firm, will take over on July 6, 2020, according to an announcement. He's Vireo’s second CFO in the last seven months. 

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