Streetbeat News

KERN

Akerna Corp

Employees

Industry

Data Processing, Hosting, and Related Services

mj freeway® is the industry-leading software, consulting, and data solution for cannabis businesses, processing $5b in cannabis sales transactions and serving clients in every regulated market in the united states, canada, europe, and australia. founded in 2010 and designed and built specifically for cannabis businesses, mj freeway's technology includes a patented seed to sale supply chain erp platform which leverages sophisticated business intelligence insights. mj freeway's leaf data systems technology solution enables governments to track cannabis, prevent diversion and ensure patient, public, and product safety. mj freeway also offers a complete suite of consulting services for cannabis businesses. for more information, call 888-932-6537 or visit mjfreeway.com.

Open

0.25

Mkt cap

162K

Volume

1.2M

High

0.32

P/E Ratio

-0.01

52-wk high

20.40

Low

0.25

Div yield

N/A

52-wk low

0.25

Mastercard has instructed financial institutions that offer payment services to cannabis merchants and connect them to Mastercard to terminate their activities, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 5:12 pm

The bipartisan marijuana banking bill, the Secure and Fair Enforcement (SAFE) Banking Act, will not be addressed during the summer session as previously hoped. The delay is due to disagreements over one section of the bill concerning broader banking regulations. The bill aims to protect banks and credit unions from being penalized by federal regulators for working with state-licensed cannabis businesses.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 5:49 pm

Florida's potential marijuana legalization initiative could generate between $195.6 million and $431.3 million in new sales tax revenue annually, according to estimates from the state legislature and Gov. Ron DeSantis's office. The state Financial Impact Estimating Conference (FIEC) has finalized its financial analysis, which will be provided to voters if the initiative makes the ballot. The Smart & Safe Florida campaign has collected enough signatures for ballot placement, but its language is currently being reviewed by the state Supreme Court. The marijuana company Trulieve has contributed more than $39 million to the campaign. If approved, the measure would allow existing medical cannabis companies like Trulieve to begin selling marijuana to all adults over 21.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 1:12 pm

A top GOP North Carolina lawmaker has indicated that the medical marijuana bill is likely to be shelved for the year, according to a Marijuana Moment report. This could potentially impact the performance of several US-listed companies in the cannabis sector.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:52 pm

Senators Sherrod Brown and Steve Daines are at odds over the next steps for the Secure and Fair Enforcement (SAFE) Banking Act, a bipartisan marijuana banking bill. Brown is entrusting Daines to gather more Republican support, while Daines claims that Democratic members are pushing for amendments that would break their initial agreement. The bill aims to protect banks and credit unions from federal penalties for working with state-licensed cannabis businesses. The disagreement between the senators could delay the bill's progress.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:08 pm

Bipartisan lawmakers are pushing for marijuana and psychedelics amendments to be included in a large-scale defense bill. The amendments include ending drug testing for cannabis for military members, carrying out a clinical study into the therapeutic benefits of psychedelics for active duty service members with PTSD, traumatic brain injury or chronic traumatic encephalopathy, and a defense department medical cannabis pilot program examining the health impacts of marijuana use by veterans and service members who are VA beneficiaries. The fate of these proposals remains uncertain due to complications over unrelated measures.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 3:45 pm

Senate Majority Leader Chuck Schumer has stated that passing a marijuana banking bill is a priority for the upcoming summer work session, but it will require GOP support to advance. The bill, known as the Secure and Fair Enforcement (SAFE) Banking Act, aims to protect banks and credit unions from being penalized by federal regulators for working with state-licensed cannabis businesses. However, the bill's passage is not guaranteed, with key GOP members having previously posed obstacles to the reform. The bill has yet to be scheduled for a committee markup, but lawmakers from both sides of the aisle are signaling that the votes are there for passage, provided there are no major contentions or hiccups along the way.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 3:27 pm

In Friday's pre-market session, several information technology stocks showed significant movement. Gorilla Tech Gr (GRRR), Akerna (KERN), WM Tech (MAPS), CalAmp (CAMP), My Size (MYSZ), and SMX (SMX) saw increases, with GRRR leading the gainers with a 67.9% rise. On the other hand, FOXO Technologies (FOXO), Peraso (PRSO), OneConnect Financial Tech (OCFT), Otonomo Technologies (OTMO), MicroCloud Hologram (HOLO), and Varonis Systems (VRNS) experienced declines, with FOXO leading the losers with a 14.4% fall.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 1:12 pm

On Thursday, 109 companies set new 52-week lows. The largest company in terms of market cap to set a new 52-week low was Nasdaq (NASDAQ:NDAQ). Biodexa Pharmaceuticals (NASDAQ:BDRX) was the smallest company in terms of market cap to set a new 52-week low. Sarcos Technology (NASDAQ:STRC) shares dropped the most, trading down 417.35% to reach its new 52-week low. Cineverse (NASDAQ:CNVS) shares were the most resilient, as shares rose 0.0%, rebounding from its new 52-week low.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 4:58 pm

North Carolina Senator Bill Rabon is pushing for his medical marijuana legalization bill to pass this session, despite resistance from GOP leadership in the House. Rabon has included medical cannabis regulatory appointments in a new measure that passed the Senate last week. The bill would allow patients with qualifying conditions to possess and purchase cannabis from licensed dispensaries. It would also establish a Compassionate Use Advisory Board and Medical Cannabis Production Commission to oversee the program. However, the fate of the main bill remains uncertain.

Portfolio Pulse from Happy Mohamed

July 03, 2023 | 2:43 pm

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