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Hemp company launches first cannabis line aimed at minorities

A North Carolina company is making the cannabis industry’s first play for consumers of color with a line of beauty products aimed at ethnic minorities. The Hemp Excellence line of body lotions, lip balms and CBD capsules went on sale this month at two beauty shops that cater to women of color in Winston-Salem, North Carolina. […]

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Cronos lists on Nasdaq, as US gets first ‘pure play’ marijuana stock on major exchange

A Canadian marijuana company will become the first “pure play” cannabis listing on a major U.S. stock market, an important milestone for the cannabis industry.

Cronos Group, one of Canada’s largest vertically integrated medical marijuana companies, will start trading Tuesday on the Nasdaq Global Market under the symbol CRON. Cronos will maintain its listing on Toronto’s TSX Venture Exchange.

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Week in Review: White House versus hemp, CA crackdown & Massachusetts’ MMJ shortfall worries

The Trump administration opposes nationwide hemp production, California takes action against unlicensed marijuana businesses, and Massachusetts fears a medical cannabis shortage. Here’s a closer look at some notable developments in the marijuana industry over the past week. Hemp sector fires back The hemp industry gasped this week when a Trump administration official said hemp production […]

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Cannabis credit union accuser faces own lawsuit as questions swirl over company’s banking efforts

The legal and financial uncertainties overhanging a Colorado credit union that serves cannabis businesses have an added wild card: The executive who recently filed a wrongful termination lawsuit against Partner Colorado Credit Union and its high-profile CEO has his own legal problems. Matt Cochran – who was hired last summer by Partner Colorado CEO Sundie […]

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California initiates enforcement against approximately 500 unlicensed marijuana businesses

Less than two months after California’s legal cannabis industry launched on New Year’s Day, state officials are starting to target hundreds of marijuana companies that are operating illegally without a license. The state’s Bureau of Cannabis Control has sent out about 500 cease-and-desist letters to companies that are doing business but haven’t begun the application […]

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Candy & cannabis: Hershey’s renews trademark legal disputes with marijuana businesses

Cannabis businesses, beware: The Hershey Co. is on the warpath. Perhaps the most famous confectionery peddler in the world has a well-documented history of actively protecting its trademarks, and the marijuana industry is no exception. Hershey’s has been relatively quiet in the marijuana sector since it sued two cannabis businesses in 2014 – in one case, for […]

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Despite limited product offerings, Pennsylvania’s medical marijuana sales start strong

Pennsylvania’s first days of medical marijuana sales have been limited by a lack of product variety, but overall, business owners are calling the launch a success. While supplies are limited based on only one producer providing product, business owners don’t seem overly concerned about inventory. Beginning Feb. 15, six dispensaries almost daily began selling medical cannabis […]

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Week in Review: Alcohol, tobacco and cannabis, Detroit’s MMJ issues & Tennessee CBD raids

Liquor and tobacco companies move into the cannabis sector, Detroit officials block medical marijuana dispensaries, and raids in Tennessee close 23 stores for selling CBD products. Here’s a closer look at some notable developments in the marijuana industry over the past week. Sign of things to come The recent revelation by liquor distributor Pernod Ricard’s CEO […]

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Hemp State Highlight: Colorado’s market dominance threatened by falling prices, processing logjams

(This is the ninth installment in a series that examines hemp markets in U.S. states. Other installments: Nevada, New York, North Carolina, North Dakota, Oregon, Tennessee, Vermont and Virginia.) No hemp discussion goes far in the United States without a mention of Colorado, where more than half the nation’s 2017 hemp production occurred. Colorado has more acres in hemp, more farmers […]

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