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Cronos Group to Restate 2019 Financials to Reduce Q3 Year-To-Date Revenue by C$7.6 Million
Cronos Group Inc. (CRON) announced yesterday that the company determined, on the recommendation of the Audit Committee of the Company’s Board of Directors, that Cronos Group’s previously issued unaudited interim financial statements for first, second and third quarters of 2019 will be restated and reissued and should no longer be relied upon. Read on »
 

GenCanna Bankruptcy Leads MariMed to Write-Down $63 Million for its Investment and Receivables
Today, MariMed (MRMD) revealed in an SEC Form NT 10-K that it has written off not only its investment in GenCanna Global, which declared bankruptcy in February, but also an additional $33M related to its $29M receivables balance with GenCanna as well as its $4M unearned revenue. Read on »
 

How The Coronavirus Pandemic Will Affect The Cannabis Industry
As difficult as it is to think about the cannabis industry and reform movement at a time like this, the reality is that the coronavirus’ impact on our economy and society is also impacting cannabis, with the effects likely to get significantly worse in the coming weeks and months. Read on »
 

San Francisco Dispensaries Exempted From City-Wide Lockdown
San Francisco city officials have announced that cannabis dispensaries can remain open during the three-week shelter in place order that has home-quarantined the region due to the COVID-19 outbreak. Read on »
 

 Community News 

  • Bill To Shield 200,000 Marijuana Convictions Heads To Maryland Governor’s Desk Link>>

  • A Top Cannabis Doctor Answers Your Coronavirus Questions Link>>

  • 'The legal stuff is garbage': why Canada's cannabis black market keeps thriving Link>>

  • Medical cannabis advocates to governors: protect patient access amid coronavirus Link>>

  • Is my dispensary open and can they deliver cannabis right now? Link>>

  • Florida lawmakers nix THC cap for younger medical marijuana patients Link>>

  • Postal Service Fails To Properly Internally Mail Seized Marijuana Packages, Audit Reveals Link>>

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