U.S. Marijuana Business News – Use to place on US homepage
Canadian cannabis producer Canopy Growth has reached a deal to acquire a 19.99% stake in edibles maker Indiva, while also gaining control of all distribution and sales of Wana branded products in Canada.
Combining cannabinoids with psilocybin into a single formula for treating both physical and mental health issues took another step closer to reality as described in a product patent from a major cannabinoid laboratory, CaaMTech.
Efforts to expand Texas’ medical marijuana program beyond low-THC CBD oil failed in the state Legislature.
First-quarter cannabis sales in California slid to $1,249,584,223, the lowest quarterly total since the onset of the COVID-19 pandemic, according to the latest statistics from the state’s Department of Tax and Fee Administration.
Canadian producer Organigram Holdings is investing as much as $8 million in Portland, Oregon-based cannabis genetics and seeds company Phylos Bioscience.
Rescheduling cannabis from Schedule 1 to Schedule 2 would be the worst-case scenario for Main Street marijuana businesses.
Montana’s adult-use marijuana industry will remain closed off to new entrants for at least two more years.
