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Week in Review: NM nixes adult-use cannabis bill, Aurora posts big loss, Trump seeks money to regulate CBD/hemp & more

A New Mexico Senate panel scraps legislation to legalize recreational marijuana, Aurora Cannabis reports a steep loss for its second quarter, President Trump’s 2021 budget proposal seeks additional money for the federal government to regulate hemp and CBD – and more of the week’s top cannabis business news. New Mexico lawmakers scrap adult-use bill A […]

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Week in Review: Aurora CEO departs, Whoopi Goldberg leaves medical cannabis firm, NM allows MMJ business tax deductions & more

Aurora’s Terry Booth exits the company, a big-name celebrity leaves the namesake medical marijuana retailer she co-founded, a New Mexico court allows MMJ business tax deductions – and more of the week’s top cannabis business news. Another Canadian cannabis CEO departs Canadian multinational marijuana company Aurora Cannabis announced its chief executive stepped aside this week after […]

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Australia expedites review of medical cannabis product Epidiolex

The only medical cannabis product in the Australian Register of Therapeutic Goods might soon be joined by another. Australian health regulators quietly gave Epidiolex, a cannabidiol medication, orphan designation and priority review status in late 2019. The designations allow the Therapeutic Goods Administration to waive application and evaluation fees, as well as expedite its assessment […]

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Australia says over-the-counter CBD sales ‘could be considered during 2020’

A review of cannabidiol products being undertaken by Australian health authorities could result in the relaxation of the scheduling status of CBD, potentially making it available over the counter in low doses. In a public submission to a Senate committee studying Australia’s medical cannabis access scheme, the Department of Health said the Therapeutic Goods Administration […]

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Heavenly Rx expands footprint by acquiring American CBD maker

Heavenly Rx, a CBD maker based in Toronto, on Tuesday announced the acquisition of a privately held CBD manufacturer in the United States. The purchase of Paradise Valley-based PureKana expands Heavenly Rx’s reach into Arizona and continues a recent string of acquisitions by the Sol Global Investments subsidiary. Heavenly Rx most recently added to its portfolio in […]

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Week in Review: Aurora Cannabis execs depart, Curaleaf raises $275M in debt, IL readies for adult-use MJ sales & more

Aurora Cannabis loses two of its most important executives at a crucial time as the company continues to struggle, Curaleaf secures $275 million in debt from a group of lenders, Illinois recreational marijuana retailers get ready for large customer turnout and high demand for New Year’s Day launch – and more of the week’s top MJ business news. […]

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