Hi,

California had a decrease in sales in 2022 for the first time since legalization. Could this be a bump in the road, or will California sales decline with the recession? I think things will pick up this year. ;)

In Mexico, a former national security official was convicted of taking millions of dollars in bribes from the cartels he claimed to be fighting. Yikes! It makes me wonder how many other top enforcement officials are on the cartel’s payroll.

Does it sound crazy to you that psychedelics may be legal on the federal level before cannabis? That’s exactly what a new article is predicting, based on clinical results for substances like MDMA, ketamine, and psilocybin. But come on, the clinical evidence is there for cannabis, too. All you have to do is look, Uncle Sam ;)

Feel free to subscribe to our Cannabis or CBD News Roundups.

Have a peaceful week!
Jessica

2/21/23
Canopy Growth Corp. (TSX: WEED) (Nasdaq: CGC) seeks additional $150M in convertible debt, further diluting shares.
Unrivaled Brands Inc. (OTCQB: UNRV) sees 10% growth with newly-appointed executives.
MariMed, Inc. (CSE: MRMD) (OTCQX: MRMD) announces purchase of operating assets of Ermont, Inc.
MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) seeking to sell assets in Arizona, Illinois, and Nevada.
BioHarvest Sciences Inc. (CSE: BHSC) (OTCQB: CNVCF) announces private placement of convertible notes totaling $8M CAD.

2/22/23
Tilray Brands, Inc. (NASDAQ | TSX: TLRY) enters into agreement for issuance of 120,000 shares of “Series A Preferred Stock”.
TPCO Holding Corp. (OTCQX: GRAMF) merges with Gold Flora Corp; majority holding will lie with Gold Flora Corp.

2/23/23
22nd Century Group, Inc. (Nasdaq: XXII) will announce fourth quarter and 2022 results March 9, 2023.
More than $1.4B spent on cannabis by Arizonans in 2022.
Humble & Fume Inc. (CSE: HMBL) (OTCQX: HUMBF) discloses financial results for Q2 2023.
BDSA prediction states the global cannabis market will hit $60B by 2027.
Cannabis banking solution Green Check Verified announces $6M raised in Series A round.