U.S. Attorney General William Barr might be warming to the idea of a federal law that protects state-legal cannabis programs, a development that could provide a notable boost to federal marijuana reform. Barr signaled at a Senate appropriations hearing Wednesday that he is open to the approach outlined in legislation such as the States Act. […] Attorney General Barr: US law protecting state-legal marijuana trumps current situation is a post Read entire story
Canadian cannabis extracts industry set to ‘explode this fall’
The marijuana extraction sector in Canada is still in “the early innings” and poised for significant growth after the federal government legalizes concentrates and edibles later this year, according to a market analyst. “What we like about extractors is that there is a long runway of growth ahead,” GMP Securities analyst Martin Landry told Marijuana […] Canadian cannabis extracts industry set to ‘explode this fall’ is a post Read entire story
Weekly Deal Watch: Busiest week of the year for publicly traded cannabis M&A
With 11 deals closed, last week was the busiest so far this year for M&A deals involving publicly traded cannabis companies. Weekly Deal Watch: Busiest week of the year for publicly traded cannabis M&A is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs (c) Marijuana Business Daily - Read entire story here. Read entire story
Alberta weighing marijuana cultivation grants via agricultural partnership
Alberta is weighing whether to allow cannabis cultivators based in the province to apply for Canadian Agricultural Partnership (CAP) cost-sharing grants, though a decision will not be announced until after the April 16 provincial election. CAP is a 3 billion Canadian dollar ($2.2 billion) initiative by federal and provincial governments supporting agricultural businesses across the […] Alberta weighing marijuana cultivation grants via Read entire story
What You Need to Know About Buying Marijuana Edibles
Unfortunately, not every story I get to react to is some feel good story about someone overcoming cancer thanks to Rick Simpson Oil, or how anxiety was calmed down due to medical marijuana being the answer. Today I read a story on WebMd that was worth sharing for all of the loyal followers here as a caution of what can happen if you don’t educate yourself properly on using marijuana either medicinally or most likely, recreationally. The Read entire story
Canadian cannabis wholesalers report CBD shortage, while imports lag far behind
Provincial wholesalers and medical patients in Canada report a shortfall of CBD products for the nonmedical and medical markets, and new data released to Marijuana Business Daily suggests imports aren’t enough to fill the gap. Cannabidiol in Canada can be sold to adults only via a provincially or territorially authorized cannabis retailer or directly by […] Canadian cannabis wholesalers report CBD shortage, while imports lag far behind is a Read entire story
CT adult-use cannabis measure clears committee hurdle; prospects unclear
Legislation that could ultimately lead to legalized recreational marijuana in Connecticut has advanced. The General Assembly’s Judiciary Committee voted 21-19 in favor of a bill that outlines how marijuana use and sales would be legalized for those 21 years and older. But it remains unclear if there will ultimately be enough support for legalization this […] CT adult-use cannabis measure clears committee hurdle; prospects unclear is a Read entire story
Swedish state-owned pension fund invests in Aurora Cannabis, Canopy
A Swedish state-owned pension fund has invested in cannabis companies for the first time. More government-run pension funds are dipping into large-cap cannabis stocks, a sign that such investments are going more mainstream. Canada’s Public Sector Pension Investment Board recently boosted its stake in Ontario’s Canopy Growth and took positions in three more multinational Canadian […] Swedish state-owned pension fund invests in Aurora Read entire story
Chart: Low prices, lack of investment stifle cannabis growing capacity in Washington state
Many of Washington state’s recreational cannabis cultivators are using half or less of their licensed canopy, driven in part by low wholesale prices and a dearth of available capital investment, according to a report conducted by the state’s regulators. Over the course of a year, the Washington State Liquor and Cannabis Board (LCB) surveyed 1,155 […] Chart: Low prices, lack of investment stifle cannabis growing capacity in Read entire story
NFL Star Tiki Barber Says Passing Drug Tests is Easy
Renowned former Giants running back Tiki Barber has now become an investor in the booming industry of legal marijuana and claims that a lot of his customers are NFL players. Barber revealed on FOX business that most NFL players have no trouble stopping the use of marijuana just to clear their annual drug test. Tiki Barber Claims That Passing Drug Tests are Easy for NFL Players We always used to call it like the ‘dummy test’ because you know when Read entire story
New report gives ‘realistic’ snapshot of European cannabis markets
For entrepreneurs and investors interested in European medical cannabis markets, a new report from Marijuana Business Daily provides a realistic snapshot of current opportunities and how future demand could evolve. The report – “Medical Cannabis in Europe: The Markets & Opportunities” – was written by MJBizDaily‘s international analyst, Alfredo Pascual. For businesses to make forecasts […] New report gives Read entire story
Weekly Deal Watch: Debt capital raises increase among public cannabis companies
While the total number of capital raises in the cannabis industry so far this year remains less than the same period in 2018, debt raises among publicly traded companies are significantly outpacing those of last year. Weekly Deal Watch: Debt capital raises increase among public cannabis companies is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs (c) Marijuana Business Daily - Read Read entire story
Governor of US territory Guam signs recreational marijuana bill into law
Guam Gov. Lou Leon Guerrero signed the Cannabis Industry Act into law Thursday, clearing the final legislative hurdle for the creation of a new industry for entrepreneurs on the Western Pacific U.S. island. The law will regulate the consumption, sale and production of adult-use cannabis. The nearby Northern Mariana Islands, another U.S. territory, approved a regulated recreational […] Governor of US territory Guam signs recreational Read entire story
Marijuana firm Cresco Labs inks landmark $823 million acquisition of Origin House
Chicago-based Cresco Labs, a multistate cannabis company, has agreed to acquire Origin House – a Canadian firm with massive portfolio of brands and major California presence – in a deal valued at $823 million (1.1 billion Canadian dollars). The all-stock deal, announced early Monday, marks the largest acquisition in the U.S. of a publicly traded […] Marijuana firm Cresco Labs inks landmark $823 million acquisition of Origin Read entire story
Chart: Are Nevada cannabis sales beginning to plateau?
Nevada's marijuana sales advanced in 2018, but the state's once-sizzling growth rate is showing signs of cooling. Chart: Are Nevada cannabis sales beginning to plateau? is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs (c) Marijuana Business Daily - Read entire story here. Read entire story
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