Hi,

A study breaks down cannabis consumption of various demographics. Today’s seniors get high more often than yesterday’s. Get ready for lots of California companies going under as the state readies for the arrival of cannabis receiverships. On the global scene, Big Tobacco is gearing up. Philip Morris is coughing up as much as $650M to acquire a company known for its cannabis inhaler tech. Oh Philip, you always know how to take my breath away. No, I mean that literally. Cigarettes make it harder for me to breathe. I prefer them selling healthier cannabis. :)

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

I hope you have a special week!
Jessica

07/17/23
Colorado Cannabis Sales at 4-Year Low. Slumping market continues to impact businesses. Concerns for the industry's future remain.
Missouri to Regulate Marijuana Product Packaging. State tightens rules to reduce appeal, enforcing restrictions on colors and symbols.

07/18/23
Trulieve [CSE: TRUL] [OTCQX: TCNNF] Sues Ohio Firm Over $24M Debt. Legal battle ensues over outstanding debts. High stakes for both sides.
FSD Pharma [Nasdaq: HUGE] Wins Arbitration Dispute. Celebrates victory over a research firm in a multi-million dollar dispute. Significant win for FSD.
Numinus Wellness [TSX: NUMI] [OTCQX: NUMIF] Reports Strong Q3 Results. Company shows revenue growth. Positive outlook ahead.
Metrc Withholds Tags from Colorado Licensee. Licensing dispute leads to potential business shutdown. Legal tension between parties.
Cherokee Indians to Vote on Cannabis Legalization. September vote on legalizing possession and sales on tribal lands. Potential milestone.
Curaleaf [NEO:CURA] lays off 49 at NJ facility due to slow cannabis rollout. Excess supply amid limited dispensaries cited. Hopeful for more openings by year-end. Strong history in NJ since 2015.

07/19/23
New York Expands Legal Cannabis Retailers. Over 200 conditional permits issued for dispensaries. State approves farmers market rules.
Fitch Withdraws Ratings for Canopy Growth [Nasdaq: CGC]. Ratings roller coaster ends with complete withdrawal. Uncertain implications.
Avant Brands [TSX: AVNT] [OTCQX: AVTBF] Reports Record Profits, Faces Lawsuit. Impressive revenues, but legal battle looms over acquisition.
BYND Cannasoft [Nasdaq: BCAN] [CSE: BYND] Raises $2.6M in Public Offering. Proceeds to fund product design, marketing, and patents.

07/20/23
Parallel Exits Pennsylvania Marijuana Market. Financial troubles lead to closure of facilities. Company sued for unpaid rent.
Unrivaled Brands [OTCQB: UNRV] Posts Steady Q2 Revenue. Demonstrates resilience with rising margins. Stable performance amid challenges.
Psilouette Founder Seeks Advantage in Psilocybin Market. Derek Chase founds Psilouette to capitalize on psychedelic opportunities.
MKX Oil Co. in Legal Dispute over Vape Cartridges. Supplier alleges client owes $187K for production costs. Legal battle unfolds.
SAFE Banking Bill Faces Setback. Senate committee markup delayed. Uncertainty looms over the future of the banking bill.

07/21/23
Cookies [MJ:CKIE] sued for $15.5M mismanagement, funds exhausted, $23M burned. Investors seek restraining orders, claim self-dealing, investments worthless.
Goodblend Pennsylvania LLC to shut down PA operations, including grow facility and 2 dispensaries. Lawsuits, unpaid rent, and financial turmoil cited. Closure by Sept 15.