NEW YORK -- LeafLink, a leading cannabis wholesale platform, acquired the assets of Dama Financial's banking division, one of the industry's largest cannabis banking platforms. This acquisition lays the groundwork for a future integrated banking solution, signifying a monumental step towards eliminating one of the most persistent hurdles facing cannabis operators: the lack of access to secure, reliable, and compliant...

PORTLAND, Ore. -- Whitney Economics (WE), a global leader in cannabis and hemp business consulting, data, and economic research, announced preliminary findings from its 2024 Cannabis Industry Business Conditions and Sentiment Survey. Cannabis operators remain optimistic despite averaging only 27.3% overall profitability. About 41% of business are breaking even, and 32% say they are not profitable. The survey was conducted in...

LOS ANGELES -- BLAZE Solutions, Inc., a trailblazer in the cannabis retail technology space, released its newly updated BLAZE Retail point-of-sale system. The transformative redesign unlocks a new level of flexibility for cannabis dispensaries with a hardware-agnostic web-based POS system. The game-changing upgrade also introduces a newly reimagined User Experience (UX) and User Interface (UI) aimed at increasing efficiency and intuitiveness...

DENVER -- GrowGeneration Corp., one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, announced certain preliminary unaudited results for the second quarter 2024. Second quarter 2024 net revenue is expected to be over $53 million, a sequential increase of at least 10.6% compared to $47.9 million in the prior quarter. The...

TEL AVIV, Israel -- CannaMore Biotechs, an Israel-based clinical-stage company focused on Cannabidiol (CBD) based treatments, completed its Phase 2a clinical trial evaluating the safety and efficacy of a CBD-based patent protected formulation for patients with Ulcerative Colitis (UC). The trial is an open-label, single-arm study, aimed to assess the safety, tolerability, and efficacy of the CBD-based IP-based enema formulation, IcBD-01, as a...

ROGERS, Ark. -- In a strategic move to support its growth and innovation, Dark Horse Cannabis, a leading regional cannabis manufacturer and retailer, is excited to announce the establishment of its headquarters in Rogers, Arkansas, effective August 1, 2024. The new headquarters, located in the Pinnacle Hills district of Rogers, Arkansas, allows Dark Horse Cannabis to consolidate its management functions across...

CALGARY, AB - The Alberta Securities Commission (the "ASC"), as the principal regulator, issued a cease trade order ("CTO") against the Hempshire Group Inc. on July 12, 2024 for the Company's failure to file its audited annual financial statements, accompanying management discussion and analysis and certifications for the financial year ended December 31, 2023, and the interim financial statements, management discussion and...

The pursuit of perfection is a noble endeavor for the professional cannabis cultivator. But no matter how many high-quality pounds are produced per acre, facility, room, square foot, watt, or any other measure, the realities of a competitive marketplace with razor-thin margins always demand more. Whether motivated by a genuine love for the plant or basic economics, the best cultivators...

If alcohol can be marketed as a luxury product, why shouldn’t cannabis get the same treatment? That was the question Monko Chief Executive Officer Terrence White sought to answer when he founded the Washington, D.C., dispensary. A high-end real estate veteran, White approached Monko’s design through a lens of lavishness, seeking to create a space that felt classier than the...

LINCOLN, Neb. – Cannabis consumers are getting ripped off. So says a report from a nonprofit nongovernmental organization that has set weights and measures standards for the United States since 1905. According to the National Conference of Weights and Measures (NCWM), retail shoppers have a 71 percent chance of buying flower that weighs more than one-fifth less than what the...