California Marijuana

JEFFERSON CITY, Mo. – During the first weekend of adult-use sales, the average recreational retailer saw more than $70,000 in revenue—eclipsing historical weekend medical sales in the state by more than 300 percent. According to state regulators , the opening weekend of adult-use sales from Friday, February 3 to Sunday, February 5 delivered $8,500,900.61 in revenue with an additional $4,189,064.46 coming from the medical side for a combined total of $12,689,965.07. In November, Missouri voters approved Amendment 3 to legalize adult-use cannabis possession, cultivation, and licensed retail sales with 53.11 percent of the vote. This was the first time a Midwestern state voted in favor of a citizens’ initiative to legalize cannabis for adult use. “Missourians have clearly demonstrated that support for ending prohibition isn’t relegated to the coasts or deep blue states, but that it is a common sense position that resonates with all Americans,” said NORML Executive Director Erik Alter...

QUEBEC – Groupe SGF (Cannabis Legal Advisors and Consultants) announces the launch of a class action lawsuit on behalf of Mr. Gabriel Bélanger (Founder of Origami Extraction Inc.) against the Desjardins Federation, National Bank, Royal Bank, Bank of Montreal, TD Bank, and CIBC. The lawsuit alleges that the named banks have engaged in financial discrimination against actors in the legal cannabis industry in Canada. The legal cannabis industry in Canada faces financial discrimination The plaintiff, Gabriel Bélanger, is determined to expose to the Superior Court all he has suffered as an actor of the legal cannabis industry in relation with the defendants. The main allegations involve denials of opening bank accounts, sudden closures of current bank accounts, and denials of access to various financial tools such as mortgage loans and credit lines for legal cannabis industry businesses. Class Action: Justice for industry actors The class action includes all individuals or corpora...

TORONTO – Auxly Cannabis Group Inc. (“Auxly” or the “Company”) (TSX: XLY) (OTCQB: CBWTF) is pleased to announce that it has entered into an agreement with institutional investors pursuant to which the investors have agreed to purchase, on a private placement basis, 96,000,000 common shares of the Company (“Common Shares”) at a price of $0.035 per Common Share and 96,000,000 Common Share purchase warrants (“Warrants”), with each Warrant entitling the investors to purchase one Common Share at an exercise price of $0.045 per Common Share at any time up to 60 months following the date of issuance thereof (the “Offering”), resulting in total gross proceeds of approximately $3.36 million, before deducting any applicable advisor or finder fees or Offering expenses. The net proceeds from the Offering will be used for working capital and general corporate purposes. The closing of the Offering is expected to occur during the week of February 13, 2023 (the “Closing”), or such other da...

Year after year, titanic breakthroughs in technology have transformed the cannabis industry. Technological advancements have impacted all parts of the supply chain, from automated equipment for manufacturers to artificial intelligence that helps growers identify when it’s time to harvest. Yet, when it comes time to clean those stubborn residues and resins from equipment, floors, grow rooms, bins, and tools, most in the industry resort to the same legacy technology used for decades: isopropyl alcohol (IPA). After all, “if it ain’t broke, don’t fix it.” But what if it is broken? IPA has a dark side, but since it has served the industry well as an effective cleaner for the past couple decades, the substance naturally has become the de facto cleaner. Because of this, many operations either have forgotten or never understood the associated risks that need to be taken into consideration when using it. After all, employees, products, and equipment like trimming machines will be exposed ...

It’s difficult to believe three years have come and gone since the COVID-19 pandemic’s onslaught changed life forever. Aftershocks continue to ripple through societies worldwide, but thankfully vaccines, global awareness, and behavior modification have reduced what once was a rampaging killer to a much more manageable endemic disease—at least for the moment. Not even a devastating disease could dent expansion in the cannabis retail sector . In fact, new dispensaries debuted even during the pandemic’s darkest days. As the mg Magazine team perused the past three years of issues, we uncovered more than a few gems from the period that display design innovations we’re sure will become de rigueur . Some already have. Dispensary design is remarkably eclectic. The best concepts reflect the people, history, aesthetics, and sensibilities of local communities. Such designs are both timeless and trendsetting, reflecting the past, honoring the present, and previewing the future all at once. H...

Study Carried Out by Center for Research and Advanced Studies of the IPN and the Siglo XXI National Medical Center Show Advantages of Oral Administration of CBD to Reduce Levels of Neuronal Death in Animal Model SAN DIEGO, CA, Feb. 06, 2023 (GLOBE NEWSWIRE) — via  NewMediaWire  –    Medical Marijuana, Inc.  (OTC: MJNA) (the “Company”), the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands, and supply chain, announced today that its subsidiary HempMeds ®  recently took part in a collaboration on a study to demonstrate the effectiveness of hemp-based cannabidiol (CBD) in the treatment of Parkinson’s Disease.  The Company is also collaborating with the Center for Research and Advanced Studies of Neurological Diseases at the Siglo XXI National Medical Center, on a preclinical study in an animal model that demonstrated the ability to decrease extracellular g...

A high-wattage grand opening celebration of the adult-use cannabis retail store, Urbn Leaf on the Sunset Strip, kicked off Grammy Weekend in West Hollywood with a lengthy line of customers waiting to get inside. Representatives from Urbn Leaf West Hollywood’s brand partners included Source Cannabis, Jeeters, Kurvana, Lowell Herb, Co., Auntie Aloha, Oiu’d Confections, Tough Mama, A Golden State, Wox, and many more. The first 300 guests received goodie bags with purchases of $50 and over, featuring a variety of merch from California’s top brands for just $1, which quickly sold out as more than 400 guests flowed in and out of the store throughout the event.   Urbn Leaf on the Sunset Strip 8477 Sunset Blvd, West Hollywood, CA 90069 (323) 366-1172