cannabis events Archives - Green Market Report

StaffOctober 31, 2023


The Daily Hit is a recap of the top financial news stories for Oct. 31, 2023.

On the Site

DEA Proposes Increasing Amount of Cannabis, Psychedelics Authorized for Research

The U.S. Drug Enforcement Administration proposed a significant increase to the federal production of cannabis, psilocybin, and a few other narcotics that are currently either Schedule I or II controlled substances, the agency announced in the federal register this week. Read more here.

Connecticut Cannabis Landscape Evolving Quickly, No Shortages Feared

The Connecticut recreational marijuana industry – one of several that launched earlier this year – is quickly coming into its own, with 64 licensed dispensaries and a quartet of grow operations that have been laboring to supply them. Read more here.

Colorado Regulators Weigh Banning Marijuana Businesses at Events

A proposed ban on marijuana businesses in Colorado participating in private events that don’t have their own state permits drew strong pushback from the industry this week, as regulators near the end of a new rulemaking period for cannabis companies. Read more here.

Ayurcann’s Direct-to-Consumer Shift Pays Off

Canadian cannabis extractor Ayurcann Holdings Corp. (CSE: AYUR) (OTCQB: AYURF) reported a meaningful surge in annual revenue and expanded product availability, according to its latest financial statements. For the fiscal year that concluded on June 30, Ayurcann doubled its gross revenue to $22.37 million, up from $11.08 million the previous year. Read more here.

Christina Lake Posts 30% Revenue Jump in Q3 Amid Price Woes

Christina Lake Cannabis Corp. (CSE: CLC) (OTCQB: CLCFF) reported a revenue increase of 30% in its third-quarter financial results ending Aug. 31, marking a rise to $8.9 million over the same nine-month period last year, the company announced Tuesday. Read more here.

In Other News

Rep. Earl Blumenauer

Earl Blumenauer, a Democrat who has represented Oregon in the House for nearly 30 years, said Monday that he would not run for another term. Blumenauer has been a staunch supporter of federal cannabis reform during his time in Congress. Read more here.

Chicago zoning lawsuit

Plans to open a marijuana dispensary in the old Rainforest Café restaurant in Chicago’s River North are now the subject of a lawsuit. Illinois state law doesn’t allow dispensaries within 1,500 feet of each other. The owners of an established dispensary nearby claim opening a new one at the Rainforest Café site would violate that law. Read more here.

Minnesota cannabis rulemaking

Building out the infrastructure needed to support a rising cannabis market in Minnesota is no easy task. Before the state’s new Office of Cannabis Management begins its rulemaking process, the department has launched a survey to ask for community input. Read more here.

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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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