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Hemp and cannabis lobbies intensify feud after Congress delays federal ban
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Cannabis company Hexo experiences pitfall of listing on public exchange
One of the big attractions of listing on a public exchange is increased access to capital. One of the drawbacks, however, is mandatory compliance with additional securities requirements.
News February 16
New York Senate OKs bill to allow hemp farmers to grow adult-use marijuana
The New York state Senate passed a bill that would provide hemp farmers a conditional license to grow, process and distribute marijuana flower products.
News February 16
Israel cannabis producer InterCure buying Better for $35 million
Herzliya, Israel-based cannabis producer InterCure is buying rival medical marijuana company Cann Pharmaceutical, also known as Better, for $35 million (44.4 million Canadian dollars) in stock.
News February 16
Los Angeles County moves to end ban on commercial marijuana companies
Los Angeles County supervisors gave initial approval to a plan that would create 90 new cannabis business licenses, effectively repealing a 12-year-old ban on commercial marijuana activity in unincorporated parts…
News February 16
Led by gummies, edibles keep pace with growth of overall US cannabis market
Gummies continue to dominate the U.S. edibles market, particularly among new marijuana consumers, although other consumable products are growing in popularity, including those that replicate the whole-plant experience as well…
News February 16
Plunging cannabis prices add fuel to efforts to lower tax rate for Canadian producers
Calls are growing for the Canadian government to lower taxes for cannabis producers amid falling prices for marijuana products and rising costs for businesses.
News February 16
German marijuana distributor Cansativa raises $15M from Casa Verde, others
German cannabis distribution company Cansativa Group raised $15 million in a Series B financing round led by U.S. marijuana venture capital firm Casa Verde Capital.
News February 16
VA Senate OKs bill to start recreational marijuana sales in September
The Democratically controlled Virginia Senate passed a bill to kick-start recreational marijuana sales in September, but the measure faces an uncertain future in the Republican-controlled House of Delegates.
News February 15
Trulieve adds another growing facility to Arizona cannabis holdings
Trulieve Cannabis acquired a 64,000-square-foot cultivation facility in Phoenix for $13.75 million in cash, a move that increases the multistate operator's massive marijuana holdings in the Arizona market.
News February 15
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