Nevada Cannabis Market Update: State sales data through Oct. 2019

Published February 4, 2020 Nevada is among the largest marijuana markets in the United States, with many large multistate operators having extensive operations in the state. So it’s valuable to track the amount and growth rate of the state’s published marijuana sales and tax data. Nevada is the next installment in our new series analyzing the various cannabis data sets published by states (Florida data can be found here). Our goal is to assemble and Read More

Larry Hogan Vetos Cannabis Bill

Maryland Governor Vetoes Bill that Would Have Kept Cannabis Convictions Private

Governor Larry Hogan (R) of Maryland vetoed a bill yesterday that would have kept the records of people with low-level marijuana convictions from being publicized on the state’s database. According to a post on Marijuana Moment, Maryland lawmakers passed the bill in March and sent it to the Governor for his signature. If enacted, the bill would have prevented the “Maryland Judiciary Case Search from in any way referring to the existence of a certain Read More

Harvest execs surrender stock options for reprice, redistribution

Published February 4, 2020 | By Craig Behnke and Mike Regan Three key executives at Harvest Health & Recreation will surrender a total of 2.4 million stock options back to the company – without compensation – so the options can be redistributed to employees throughout the business. It’s a novel concept, but common equity holders will still be diluted. By taking this action, Chair Jason Vedadi, CEO Steve White and operational leader Joe Sai are Read More

Canadian Illicit Cannabis Market

Illicit Market Winning the Cannabis Sales Battle in Ontario

One hope of the cannabis legalization effort in Canada has been that the illicit market would be substantially decreased in favor of legal sales. But, as detailed in a post on The GrowthOp, that has not been the case, at least in Canada’s largest province, Ontario. One reason for the illicit market thriving is the price disparity between legal and illegal cannabis. In the fourth quarter of 2019, illicit cannabis averaged just $5.73 per gram, Read More

Aurora shifts to survival mode with CEO change, guide down on earnings and plan to attain positive EBITDA

Published February 6, 2020 | By Craig Behnke and Michael Regan It was a day of big moves for Canadian cannabis giant Aurora. The company announced: We believe it was part of a necessary move for survival. (Download a transcript of the conference call about these announcements here.) CEO experience shift Aurora Cannabis tapped Executive Chair Michael Singer to serve as interim CEO as the company launches its search for an experienced CPG executive to Read More