Hi,

It looks like the DEA is dragging their feet granting licenses for medical cannabis research, prompting a cannaceutical company to file suit after years of frustration! Keep in mind, the relatively new DEA system of providing research licenses was made to speed-up research. A recent survey indicates that an increasing percentage of Americans (43%) believe cannabis smoke is less harmful than daily tobacco smoke. The Governor of Oregon vetoed a bill exploring a feasibility study of a public bank, citing logistical challenges. Unfortunately, California failed at the dream of making a state-sponsored cannabis bank while New York is still trying. It's amazing that it's so hard to enact common-sense, especially given the pro cannabis credit union associations and state treasurers.

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Have a peaceful week!
Jessica

08/14/23
Michigan’s marijuana market sets a new record, with July sales reaching $276.75M, up 33.5% from January. On track to surpass $3B in 2023.
Harmony Biosciences (Nasdaq: HRMY) acquires Zynerba Pharmaceuticals (Nasdaq: ZYNE) for $60M in a cash deal. Closure anticipated in Q4.
Columbia Care (NEO: CCHW) (OTCQX: CCHWF) exceeds Q2 revenue estimate at $129.2M. Outperforms last quarter's revenue of $124.5M.
Delta 9 Cannabis (TSX: DN) (OTC: DLTNF) reports Q2 net revenue of $18.3M, a 4% YoY increase.
CEA Industries (Nasdaq: CEAD) reports Q2 2023 revenue at $1.1M, compared to $3M in the same period of 2022.

08/15/23
Halo Collective (Cboe: HALO) (OTC Pink: HCANF) (FSE: A9K0) delisted after disappointing Q2 with 48% revenue drop to $3.5M.
Missouri State Auditor investigates state's cannabis industry oversight as promised during campaign.
Greenlane Holdings (NASDAQ: GNLN) projects future returns after Q2 revenue slump to $19.6M from $24M.
iAnthus Capital Holdings (CSE: IAN) (OTCPK: ITHUF) reports deepened losses in Q2 amid legal and financial challenges.
Unrivaled Brands (OTCQB: UNRV) reports Q2 revenue of $8.4M from retail and $0.4M from cultivation, along with workforce reduction.

08/16/23
4Front Ventures (CSE: FFNT) (OTCQX: FFNTF) reports Q2 revenue rise and shifts attention from the California market.
Marley Green demands $13M from Tilray (NASDAQ: TLRY) over a licensing deal dispute.
Illinois sees 3% drop in cannabis tax despite 5% growth in recreational sales.
Ohio's proposed adult-use marijuana program secures ballot spot for November.
VPR Brands LP (OTC: VPRB) reports Q2 sales of $1.9M, showing growth from last year.

08/17/23
AYR Wellness (OTCQX: AYRWF) achieves 18% YoY revenue increase in Q2 at $116.7M.
Adastra Holdings (CSE:XTRX)(FRA:D2EP) tripled Q2 revenue to $8.05M from last year.
Decibel Cannabis Company (TSX: DB) (OTCQB: DBCCF) reported a strong Q2 with net revenue of $22.83M, up 66% YoY.
MTL Cannabis Corp. (CSE: MTLC) gains final approval for listing on CSE under trading symbol MTLC.
Evogene Ltd. (Nasdaq: EVGN) (TASE: EVGN) reports Q2 2023 revenues of $654K, doubling previous year.
Vertical Peak Holdings (CSE: MJMJ) (OTC PINK: SPLIF) sells California operations for CAD $12.3M.