Uncategorized

Marijuana firm Cresco Labs charts plan to go public in Canada

Multistate cannabis operator Cresco Labs is looking to go public in Canada via a reverse takeover (RTO), the latest U.S. firm to use this path to a listing on the Canadian Securities Exchange (CSE). The firm announced Wednesday that it’s pursuing an RTO of  Randsburg International Gold (RGZ.H), an Ontario-based firm that has no significant operations […]

Read More

On cusp of legalization, Canadian cannabis stockpiles hit record

Licensed producers of marijuana in Canada have stored away a record amount of cannabis in the months leading up to legalization, yet analysts still anticipate a significant shortage after initial inventories are depleted – particularly of highly sought-after strains. According to new data from Health Canada, the country’s 100-plus licensed producers accumulated 96,700 kilograms of […]

Read More

FDA: CBD shouldn’t be a controlled substance, but treaties require it

The U.S. Food and Drug Administration noted that cannabidiol shouldn’t be a controlled substance, but international treaties require the United States to treat it as one, the federal agency said in a 27-page memo written after it approved the first drug made with CBD earlier this year. “CBD has negligible potential for abuse,” wrote Dr. Brett Giroir, the assistant […]

Read More

Arkansas Medical Marijuana Commission requests AG’s legal help

The Arkansas Medical Marijuana Commission wants the state attorney general’s office to provide it with legal advice instead of the state’s Alcoholic Beverage Control (ABC) Division. The commission has received legal guidance from ABC attorneys since it was formed in 2016. But the commission’s chairwoman, Ronda Henry-Tillman, has asked Attorney General Leslie Rutledge’s office to […]

Read More

Canadian cannabis firm Flowr debuts on TSX Venture Exchange

Shares of cannabis cultivator The Flowr Corp. have officially begun trading on the TSX Venture Exchange under the ticker symbol FLWR. The trading debut  follows Flowr’s recent raise of 36 million Canadian dollars ($27.7 million) and reverse takeover of a shell company previously listed on the exchange. The company has a license from Health Canada and agreements […]

Read More

Oklahoma has OK’d more than 1,000 medical marijuana businesses

Oklahoma’s business-friendly medical cannabis law is seemingly coming to fruition: Regulators already have approved more than 1,100 business licenses with roughly 500 additional applications in the pipeline, according to a tweet by state officials Monday. That total comes less than a month since the state started taking applications Aug. 25. The ballot initiative approved by […]

Read More

Coca-Cola eyes CBD ‘functional wellness beverages’ as soda market cools

The Coca-Cola Co., the world’s largest beverage maker, is looking at a line of CBD beverages, the company confirmed Monday. “Along with many others in the beverage industry, we are closely watching the growth of nonpsychoactive CBD as an ingredient in functional wellness beverages around the world,” Coca-Cola spokesman Kent Landers said in a statement. “The space is […]

Read More

Marijuana growers stare down costly, burgeoning environmental regulations

Chris Jennings, owner of Lakeside Herbal Solutions, hired a handful of consultants and spent tens of thousands of dollars to fulfill California’s environmental impact requirements for marijuana cultivation applicants. The result was a 126-page report describing his planned South Lake Farms growing and processing operation in the Northern California city of Clearlake, the environmental findings and the […]

Read More

Nevada’s marijuana regulators receive $1.5 million to deal with demand

Nevada’s Interim Finance Committee approved an additional $1.5 million for the Department of Taxation to hire more security guards and staff to process background checks for workers at marijuana facilities. Regulators say they are trying to keep up with demand at recreational dispensaries, where sales have surpassed projections every month since recreational marijuana became legal […]

Read More

Investment firm offers CA$1M seed money to Canadian marijuana entrepreneurs

A major investment company is putting 1 million Canadian dollars ($780,000) on the table for aspiring cannabis entrepreneurs in Canada. Canopy Rivers Corp.’s program is open to entrepreneurs looking to access Health Canada’s proposed new licenses for micro-cultivation, nurseries, industrial hemp, processing, analytical testing, retailers and other emerging segments. “This is a way to help […]

Read More