Your Top 5 News Stories - August 25, 2021

August 25, 2021

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finance

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Banking on Cannabis: the New Network of Lenders for a Semi-Legal Industry

(Subject to paywall) Reform is needed by an industry that New Frontier Data projects to jump from $20 billion in 2020 to $41.5 B in 2025. 


tech science innovation

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Why Cannabis Tech Is Now More Valuable Than Cannabis Itself

Recent investment moves reveal how data, delivery, and traffic are the industry’s golden gooses over any grows, dispensaries, or strains. 


wild card

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These 5 Cannabis Companies Have Combined for More Than $1 Billion in Quarterly Revenue

Even before the New Jersey and New York markets come onboard, lessons about the red-hot cannabis market can be gleaned from these companies. 


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international

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Indiva revenue surges on growing appetite for cannabis edibles

Edibles sales in Q2-2021 reached CAD $8.4 million ($6.65M USD), and 93% of Indiva’s revenue, some 445% higher year-over-year than in 2020. 


legislative

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New Mexico agency adopts cannabis production rules
The state’s Cannabis Control Division announced its first rules, with more to come in 2022 regarding retailers and testing facilities, etc. 

 

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