Colorado-based CBD and hemp company Charlotte’s Web Holdings and a British American Tobacco subsidiary are teaming up to seek U.S. Food and Drug Administration approval for a drug containing hemp.
Kate Robertson
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Florida adult-use marijuana legalization effort tops 630,000 signatures
Florida cannabis advocates have collected 635,961 valid signatures in support of a constitutional amendment that could legalize adult-use marijuana in the state.
Virginia governor amends controversial hemp bill
Virginia’s governor amended a contentious bill that would have limited hemp-derived products in the state to 2 milligrams of THC per container.
NBA to allow players to promote, invest in and consume cannabis
A groundbreaking bargaining agreement between the National Basketball Association and its players association would allow players to invest in and promote cannabis companies.
US cannabis firms could gain from Canadian Securities Exchange plan
The Canadian Securities Exchange (CSE)’s new senior tier could offer U.S. cannabis companies lower capital costs and a broader investor base.
Paychex ceasing direct deposits, other services to cannabis firms
U.S. cannabis operators are scrambling to find a new payroll provider after receiving a memo from Paychex advising that the company will no longer process direct deposits or offer other services for marijuana-related businesses.
Marijuana financier Safe Harbor resolves $64.7 million debt
Colorado-based marijuana finance company SHF Holdings, which does business as Safe Harbor Financial, agreed to settle its $64.7 million debt with Partner Colorado Credit Union.
Vermont cannabis grower fined $20K for Instagram post of out-of-state delivery
A cannabis grower in Vermont was fined $20,000 for delivering marijuana to an unlicensed MJ store in New York and posting a video on Instagram.
Marijuana tech firm Leafly pivots from news journalism to consumer content
Seattle-based cannabis e-commerce site Leafly Holdings is pivoting away from reporting on the marijuana industry and will instead focus on providing consumer-oriented content such as information about products.
Toys R Us alleges New York marijuana store is infringing on trademark
The owner of Toys R Us filed a complaint against a Brooklyn marijuana store alleging that the shop’s logo infringes on and dilutes the national retailer’s federally registered trademarks.
Judge tosses Arkansas marijuana dispensary applicant’s suit over scoring
A federal judge in Arkansas dismissed several claims by a medical marijuana dispensary applicant, including tortious interference and racial discrimination during the state’s license-evaluation process.
Curaleaf closing cannabis grow facility in New Jersey, laying off workers
Massachusetts-based multistate operator Curaleaf Holdings is shuttering its cannabis cultivation facility in Bellmawr, New Jersey, and could lay off up to 40 workers.
