Sector News Apple to Allow Marijuana Delivery Services in its App Store by Sophia Vida July 02, 2021 Tech giant Apple will no longer be prohibiting marijuana delivery services from being hosted in its App Store. The company updated its policy to remove the ban in June, but with some restrictions. A marijuana app must be geo-re...
Sector News California’s Largest Licensed Marijuana Distributor Raises $23M by Sophia Vida July 01, 2021 Nabis, the leading California cannabis distributor, has raised $23 million in Series-B funding. The company announced this week that it had raised $23 million in a Series B funding round and that the infusion of capital will su...
Sector News South Dakota Releases Preliminary List of Conditions for Medical Marijuana by Sophia Vida June 30, 2021 The South Dakota Department of Health has released its preliminary list of conditions for medical cannabis. The conditions are covered by the state’s medical cannabis program, which goes into effect tomorrow, on July 1st. ...
Sector News Illinois Briefly Lets Medical Marijuana Patients Buy From Any Dispensary by Sophia Vida June 29, 2021 In a tehnical computer glitch this week that disrupted cannabis service in Illinois, the state allowed medical cannabis patients to buy from any dispensary. The state of Illinois alerted dispensaries Monday to sell to any regis...
Sector News First Big In Person N.J. Cannabis Industry Event to Happen in July by Sophia Vida June 24, 2021 On July 29th, the first big in-person networking event will happen for New Jersey's cannabis arena. The event will be NJ Cannabis Insider Live’s first in-person business mixer since the pandemic shutdown almost a year and a h...
Sector News Study Finds that Marijuana May be Associated with Suicidality in Young Adults by Sophia Vida June 23, 2021 According to a National Institutes of Health (NIH) study published in JAMA Network Open this week, there may be a link between marijuana use and higher levels of suicide ideation, plan, and attempt by young adults. An analysis ...
Sector News Seattle Marijuana Startup Leafly Has Raised $23 Million by Sophia Vida June 21, 2021 Online cannabis marketplace Leafly has closed $23 million in new funding according to a Geekwire report. According to the report, the Seattle-based startup plans to expand its online marketplace that lets customers and retailer...
Sector News WeedMD Sold its Cannabis Subsidiary for only CA$2.5M After Buying it for CA$55M by Sophia Vida June 18, 2021 Ontario-based WeedMD made a surprising move this week. The company announced the sale of its Starseed Medical subsidiary for $2.5 million in Canadian dollars. The subsidiary was sold to Final bell Canada in an all-cash transact...
Sector News Former Celtic Player Paul Pierce to Launch Marijuana Brand by Sophia Vida June 16, 2021 Paul Pierce, the former ex Celtic player, is launching the "Truth" marijuana brand in Massachusetts. The NBA champion told the Globe this week that he is launching a line of recreational marijuana products in Massachusetts unde...
Sector News Cronos Purchases Option to Acquire 10.5% Stake in PharmaCann for Around $110M by Sophia Vida June 14, 2021 Canada's marijuana company Cronos has purchased an option to acquire a 10.5% stake in PharmaCann for $110.4 million. The company announced on Monday that it has purchased an option to acquire a 10.5% stake in U.S. PharmaCann. U...