Decriminalization of non-medical cannabis in the United States

MEDIA ALERT - Taxation and the Cannabis Industry

Retrieved on: 
Monday, October 5, 2020

What: Many states have legalized marijuana for medicinal purposes, and a growing number of states have now legalized marijuana for recreational use.

Key Points: 
  • What: Many states have legalized marijuana for medicinal purposes, and a growing number of states have now legalized marijuana for recreational use.
  • Additional expansion is possible in the November elections with ballot initiatives in three states.
  • For tax purposes, this prevents cannabis businesses from deducting many of their business expenses while the income received is taxable, resulting in a much higher effective tax rate than that imposed on other businesses.
  • Several cannabis businesses have challenged this treatment in court but have generally lost those challenges.

AURORA CANNABIS ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Aurora Cannabis, Inc. and Encourages Investors to Contact the Firm

Retrieved on: 
Saturday, October 3, 2020

Investors have until December 1, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until December 1, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • The Company produces and distributes medical cannabis products worldwide.
  • In 2018, the Canadian government approved the Cannabis Act, which legalized and regulated the use of recreational cannabis.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

Cannabis Industry Has Blockbuster Summer in Sales

Retrieved on: 
Tuesday, September 22, 2020

What does a medical market look like a year or five years after decriminalizing cannabis?

Key Points: 
  • What does a medical market look like a year or five years after decriminalizing cannabis?
  • Since its establishment in 2010, Akerna has tracked more than$18 billionin cannabis sales.
  • About the Akerna Flash Report:
    Flash Report is a look at buying trends in the cannabis market as captured by Akerna's MJ Freeway subsidiary.
  • **Data is derived from MJ Platform, the leading provider of cannabis compliance software for the marijuana industry.

TerrAscend Announces Participation at Upcoming Conferences

Retrieved on: 
Thursday, September 10, 2020

Management will participate in a virtual presentation as well as host one-on-one meetings with investors throughout the day.

Key Points: 
  • Management will participate in a virtual presentation as well as host one-on-one meetings with investors throughout the day.
  • TerrAscend was the first cannabis company with sales in the US, Canada, and Europe.
  • Additionally, TerrAscend holds a Medical Cannabis Processor License in the State of Utah.
  • The enforcement of federal laws in the United States is a significant risk to the business of TerrAscend and any proceedings brought against TerrAscend thereunder may adversely affect TerrAscend's operations and financial performance.

GreenScreens Partners With The Last Prisoner Project To Address Injustice In Cannabis Policy And The ‘War on Drugs’

Retrieved on: 
Tuesday, August 18, 2020

The organization was formed by a network of cannabis industry leaders, criminal and social justice advocates, policy and education experts, and leaders in social justice and drug policy reform.

Key Points: 
  • The organization was formed by a network of cannabis industry leaders, criminal and social justice advocates, policy and education experts, and leaders in social justice and drug policy reform.
  • The Last Prisoner Project provides training materials for store staff, as well as consumer-facing informational materials for participating retailers.
  • Its our belief that working together, cannabis industry leaders can alleviate the inequities created by cannabis legalization.
  • The Last Prisoner Project (LPP) is a coalition of cannabis industry leaders, executives and artists dedicated to bringing restorative justice to the cannabis industry.

Cannabis Training University Sees 108% Spike in Online Enrollments During Pandemic

Retrieved on: 
Tuesday, July 14, 2020

We expect this trend to continue and we want to support everyone as much as possible.

Key Points: 
  • We expect this trend to continue and we want to support everyone as much as possible.
  • Cannabis Training University also covers topics related to personal and recreational use and subjects surrounding medical applications for students where laws allow.
  • To learn more about Cannabis Training University, visit CannabisTrainingUniversity.com .
  • Cannabis Training University (CTU) is the leading online source for cannabis education.

Auxly Announces Record Net Revenues of Approximately $10 Million in Q1 2020

Retrieved on: 
Monday, June 1, 2020

During the first quarter of 2020, cannabis net revenues of $9.0 million were comprised of approximately 90% Cannabis 2.0 Products with the remainder from Cannabis 1.0 Products.

Key Points: 
  • During the first quarter of 2020, cannabis net revenues of $9.0 million were comprised of approximately 90% Cannabis 2.0 Products with the remainder from Cannabis 1.0 Products.
  • Auxly recognized $0.9 million of research revenues from KGK for the three-month period ended March 31, 2020 as compared to $0.5 million generated over the same time frame in 2019.
  • Research revenues less expenses of $0.4 million were generated during the three months ended March 31, 2020 as compared to $0.2 million during the same period in 2019.
  • For the three-month period ended March 31, 2020, wages and benefits were $6.5 million, or an increase of $2.4 million over the same period in 2019.

Medical Marijuana: Consumers' Perspectives in the US and UK - ResearchAndMarkets.com

Retrieved on: 
Tuesday, May 12, 2020

The "Medical Marijuana: Consumers' Perspectives in the US and UK" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Medical Marijuana: Consumers' Perspectives in the US and UK" report has been added to ResearchAndMarkets.com's offering.
  • The "Medical Marijuana, Consumers' Perspectives" report combines an extensive survey and analysis of patients' perspectives in the US and UK to provide an in-depth consumer-centered review of the medical marijuana market.
  • More respondents from the UK (34%) than respondents from the US (25%) were in favor of legalizing recreational marijuana.
  • Many respondents from both markets expressed feelings of uncertainty about the law regarding the use of medical marijuana.

Medical Marijuana Market to Rise at a Stellar 20.04% CAGR, Rising Demand for Legalization of Marijuana in Most States Will Promote Growth, Says Fortune Business Insights™

Retrieved on: 
Thursday, April 9, 2020

Medical cannabis or medical marijuana is extracted from the marijuana plant and can be used for treating certain illnesses and health conditions.

Key Points: 
  • Medical cannabis or medical marijuana is extracted from the marijuana plant and can be used for treating certain illnesses and health conditions.
  • The report is based on a thorough analysis of the market taking into account parameters such as growth drivers, restraints, current medical marijuana market trends, challenges, and opportunities that lies ahead of the market.
  • The increasing demand for legalization of medical cannabis across various states is a major medical marijuana market growth driver.
  • Although the most crucial part is its production and cultivation, significant medical marijuana market revenue is derived from the pharmacological organizations.

Medical Marijuana Market to Rise at a Stellar 20.04% CAGR, Rising Demand for Legalization of Marijuana in Most States Will Promote Growth, Says Fortune Business Insights™

Retrieved on: 
Thursday, April 9, 2020

Medical cannabis or medical marijuana is extracted from the marijuana plant and can be used for treating certain illnesses and health conditions.

Key Points: 
  • Medical cannabis or medical marijuana is extracted from the marijuana plant and can be used for treating certain illnesses and health conditions.
  • The report is based on a thorough analysis of the market taking into account parameters such as growth drivers, restraints, current medical marijuana market trends, challenges, and opportunities that lies ahead of the market.
  • The increasing demand for legalization of medical cannabis across various states is a major medical marijuana market growth driver.
  • Although the most crucial part is its production and cultivation, significant medical marijuana market revenue is derived from the pharmacological organizations.