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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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Marijuana industry goes to court to force Israeli government to permit MMJ exports

The marijuana industry is fighting a high-stakes court battle to force the Israeli government to approve medical cannabis exports sooner rather than later. The decision by industry advocates to go to court comes as Israeli lawmakers prepare to debate the country’s medical cannabis export policy on Monday. The outcome is huge for dozens of international […]

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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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