Briefs

Canadian regulatory group reviews US risk disclosure for cannabis stocks

An umbrella group for Canada’s securities regulators is reviewing whether its disclosure-based guidelines for companies with U.S. marijuana-related activities remain appropriate in light of Attorney General Jeff Sessions’ decision to revoke Obama-era protections for state-legal MJ businesses. The move by the Canadian Securities Administrators (CSA) comes after the organization issued disclosure-related guidelines last fall. Fifty-six […]

Read More

CBD confusion mounts in Iowa as police seize goods but don’t always test for THC

Iowa police who’ve been seizing CBD products off stores shelves have in some cases not been testing them to see if they contain illegal THC, adding to the confusion surrounding cannabidiol’s legal status in the state. Authorities have seized oils, lotions and candies containing CBD in at least two jurisdictions, the Des Moines Register reported. Some […]

Read More

Oregon marijuana retailers busted in underage-sales sting

Nearly 20% of state-licensed marijuana retailers in a recent undercover operation sold cannabis to underage buyers, according to Oregon authorities. The Oregon Liquor Control Commission told The Oregonian that 16 of 86 shops sold marijuana to people younger than 21 during decoy visits in December. The agency issued citations to the violating stores, which also […]

Read More

Los Angeles issues first licenses for cannabis sales

A medical marijuana dispensary and recreational retail store in Los Angeles have received temporary licenses from the city to sell cannabis. Mother Nature’s Remedy Caregivers in Woodland Hills and WHTC in Studio City received L.A.s’ first MMJ and adult-use permits, LA Weekly reported. The two facilities now need approval only from state regulators to begin […]

Read More

Canadian marijuana grower spends CA$233M on British Columbia, Australia deals

One of Canada’s largest licensed medical marijuana producers got even bigger, buying rival British Columbia cultivator Broken Coast Cannabis for 230 million Canadian dollars ($185 million) in stock and cash. Aphria, based in Leamington, Ontario, also expanded its presence in Australia, purchasing a 25% stake in an Australian MMJ producer for CA$2.5 million. Aphria’s acquisition […]

Read More

Cannabis grow-equipment company GrowGeneration raises $9 million

GrowGeneration, a multistate operator of retail hydroponic and organic gardening stores serving marijuana growers, said it raised $9 million through the offering of convertible notes. The Denver company said in a news release filed with the Securities and Exchange Commission that it plans to use the proceeds to expands its operations. CEO Darren Lampert said […]

Read More

Congress members defend CBD, blast DEA’s hemp decision

In a bold show of support for the hemp industry and CBD, 28 members of Congress are asking a federal appeals court to reject the Drug Enforcement Administration’s argument that cannabidiol is a Schedule 1 drug. The Congress members filed the brief Thursday in conjunction with a pending lawsuit against the DEA. The 9th Circuit Court […]

Read More

Report: Marijuana banking protections intact – for now

Financial institutions that serve marijuana businesses still have federal protections – at least for now – outlined in a February 2014 memo from the Financial Crimes Enforcement Network (FinCEN), Reuters reported. The report comes after Attorney General Jeff Sessions last week revoked certain Obama-era protections for the legal marijuana industry. FinCEN is a U.S. Treasury Department […]

Read More

Cannabis compliance firm Simplifya secures first stage of $3 million raise

At a time when adhering to regulations is key for marijuana businesses, Denver-based compliance software company Simplifya has secured $1 million in the first stage of a Series B funding round. Simplifya said it has additional investors lined up to close a total funding round of $3 million. According to a news release, the raise was […]

Read More

North Dakota specifies where state’s medical marijuana dispensaries can open

North Dakota has established eight regions for medical cannabis dispensaries in an effort to ensure qualifying patients have easy access to MMJ. The regions center on the state’s largest cities – Fargo, Bismarck, Grand Forks, Minot, Devils Lake, Jamestown, Williston and Dickinson. However, the dispensaries that eventually are licensed can be located anywhere within a […]

Read More

Canadian cannabis companies ink deals for nearly CA$1B in funding in 10 days

Capital is pouring into the Canadian marijuana sector faster than ever, as companies prepare for the country’s anticipated adult-use legalization this summer and bulk up for international expansion. Through the first 10 days of 2018, companies closed on a variety of funding deals or announced financing plans worth at least 978 million Canadian dollars ($780 […]

Read More

Marijuana investment firm 4Front Holdings raises $6M for out-of-state growth

Cannabis investment and management firm 4Front Holdings has raised $6 million toward its multiple-state expansion. The funds were raised through the issuance of convertible notes. According to a news release, 4Front manages operating licenses in emerging, state-legal medical cannabis markets. Here’s what you need to know: The company – which has offices in Phoenix and Boston […]

Read More