Daily Cannabis News Roundup | January 18, 2019

HighLights

Global Recreational Cannabis Market Projected to Reach $32 Billion by 2022

ArcView and BDS Analytics projects that the global recreational cannabis market will grow to $32 billion by 2022.

Stocks

Market Watch
HEXO Corp. (“HEXO” or the “Company”) (TSX:HEXO) is pleased to announce that its common shares have been approved for listing on the NYSE American LLC…

Aurora Cannabis Shares Dive Following $250M Offering News

Aurora Cannabis Inc (NYSE: ACB) stock plummeted more than 8.7 percent Thursday morning after the company announced plans for a $250 million …

Tilray (TLRY) Rating Increased to Hold at Zacks Investment Research

Fairfield Current
Tilray (NASDAQ:TLRY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday…

Canadian cannabis producers are breaking into the US market, causing millennials to snap up …

Last week, four of five most added stocks on the app were the Canadian cannabis producers Aurora Cannabis,Canopy Growth, Cronos and Tilray.

Market Watch
INVICTUS MD STRATEGIES CORP. (“Invictus” or the “Company”) (GENE)(otcqx:IVITF)(fra:8IS1) is pleased to announce that it has submitted its application to list its common shares (the “Shares”) on the NASDAQ Capital Market ()NASDAQ”)…

New Laws Set Up US Cannabis Industry for Explosive Growth

Market Watch
The 2018 U.S. Farm Bill changes the way that CBD-based products are legally classified. If the federal government permits the sale of cannabis-sourced products online, established companies in the space could reap huge rewards…

Market Watch
DionyMed Brands Inc. (“DionyMed” or “Company”) (cse:DYME), a multi-state cannabis brand and delivery platform, today announced it has signed a definitive agreement (the “Agreement”) for a two-year, up to US$40 million senior secured credit facility from a syndicate of investors….

Market Watch
MedMen Enterprises Inc. (“MedMen” or the “Company”) (cse:MMEN) (otcqx:MMNFF) announced today unaudited systemwide revenue for its fiscal 2019 second quarter ended December 29, 2018…

Market Watch
Medical Marijuana, Inc. MJNA, -2.32% the first-ever publicly traded cannabis company in the United States, announced today that its portfolio company Kannalife, Inc. (“Kannalife”)KLFE, +0.00% a bio-pharmaceutical and phyto-medical…

The CEO of one of the hottest marijuana vape startups says the company is gearing up for an IPO …

Pax Labs is aiming to go public this year, Bharat Vasan, the marijuana vape startup’s CEO told Business Insider in a Thursday interview. Vasan he’s …

Market Watch
OTC Markets Group Inc. (otcqx:OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Harvest Health & Recreation, Inc. (cse:HARV)(otcqx:HTHHF)…

Market Watch
The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TGOD) (us:TGODF) is pleased to announce the appointment of Dr. Rav Kumar, PhD…

Market Watch
Canopy Rivers Inc. (the “Company” or “Canopy Rivers”) (RIV) today announced that Narbe Alexandrian has been appointed as President of the Company, effective immediately. …

Market Watch
Canopy Rivers Inc. (the “Company” or “Canopy Rivers”) (RIV) is pleased to provide an update on the operations of Canapar SrL (“Canapar), an Italian-based hemp …

Market Watch
The cannabis industry experienced significant growth last year, particularly in Canada following the legalization of adult-use cannabis on a federal level. The upcoming legalization of edible products…

Market Watch
Acreage Holdings, Inc. (“Acreage”) (cse:ACRG.U) (otcqx:ACRGF), the United States’ largest vertically integrated, multi-state cannabis operator according to public filings, announced Greenleaf Apothecaries, LLC…

Valens GroWorks aims to capture a higher-level market in the cannabis extract space

The Kelowna, BC-based cannabis company specializes in the research, development, production, and testing of high-quality cannabis extracts and …

Cannabis Strategic Ventures (OTCMKTS:NUGS) Looks To Have Bottomed

“As we increase Cannabis Strategic Ventures’ stronghold in the California cannabis market, we are pursuing partnerships that are strategically aligned …

Colorado Cannabis Pioneer Andy Williams to Merge Operations into Public Company

Now, the company is planning to acquire MedPharm and focusing on becoming a global operator in the cannabis space. Cofounder of Medicine Man ..

Market Watch
Today Medicine Man Technologies (otcqx:MDCL), a leading consulting, intellectual property licensing and products company in the cannabis industry, has announced a binding agreement that is expected to lead to the near-term acquisition of the Colorado licensee, Medicine Man Denver…

Market Watch
Beleave Inc. (cse:BE) (otcqx:BLEVF) (“Beleave” or the “Company”) is pleased to provide an update on its participation and cooperation regarding the ongoing investigation by the British Colombia Securities Commission …

Market Watch
Abattis Bioceuticals Corp (the “Company” or “Abattis”) (cse:ATT) ATTBF, -0.31% is pleased to announce that the temporary order from the British Columbia Securities Commission (“BCSC”), issued on November 26, 2018 ()Order”), has not been extended against Abattis. ..

CannabisNewsAudio – Youngevity International, Inc. (NASDAQ: YGYI) Targeting CBD-Infused Beverage Market through Recent Exclusive Cross-marketing Agreement

Cannabis News Wire
CannabisNewsAudio announces the Audio Press Release (APR) titled “Companies Explore Market Potential for Ready-to-Drink CBD Beverages,” featuring Youngevity International, Inc. YGYI, +0.61% … 

Market Watch
Weekend Unlimited Inc. (cse:YOLO – FSE) is starting off the new year with a bang. On the heels of an exciting announcement last week, the lifestyle brand formally announced the closing of its acquisition of Verve Beverage Company. …

MediPharm Labs, Pure Global Cannabis, Weekend Unlimited, Plus Products, Trulieve Make …

Dozens of top cannabis companies presented at the Benzinga Cannabis Capital Conference, held Wednesday at the Eden Roc Miami Beach.

Business

Burgeoning Cannabis Industry Showing No Signs of Slowing Down While Economic Opportunities …

In fact, legal cannabis and the rising popularity of CBD infused products has started gaining traction worldwide due to very high demand among …

6 Fundamentals of Structuring a Multi-Million Dollar Cannabis Deal

Cannabis’s federally illegal status and state-by-state regulations make for an interesting—and oftentimes challenging—acquisition landscape, …

Neiman Marcus Will Start Selling Cannabis Cosmetics in Select States

The non-intoxicating cannabis extract can now be found in just about any skin-care product you can think of and is often marketed for its ability to …

Market Watch
Helix TCS (otcqb:HLIX) (the “Company”) is pleased to announce that it is positioned to see significant growth alongside New York’s forthcoming recreational…

Global News

CannaTech: Panama — World’s Top Medical Cannabis Scientists and Business Leaders to Gather …

16, 2019 /PRNewswire/ — The world’s leading cannabis researchers and scientists, ag-tech, pharma experts, regulators, investors, and entrepreneurs …

Lawmakers In Portugal Debate Two Marijuana Legalization Bills

Lawmakers there also passed a medical cannabis bill last year. Current United Nations Secretary-General Antonio Guterres was Portugal’s prime …

Market Watch
ICC International Cannabis Corp. (cse:WRLD.U) (fwb:8K51) (“ICC” or “International Cannabis” or the “Company”) is pleased to announce that it has entered into a …

Market Watch
 Earth Science Tech, Inc. (otcqb:ETST) (“ETST” or the “Company”), an innovative biotech company focused on the cannabidiol (CBD), nutraceutical and pharmaceutical fields, medical devices, and research and development, today announces…

US News

Gaetz again introduces Medical Cannabis Research Act

WASHINGTON, D.C. — For the second year in a row, Congressman Matt Gaetz has introduced a bill to benefit research into the medical benefits of …

Legislation Introduced In Indiana To Create Medicinal Cannabis Pilot Program

Representative Ragen Hatcher [D] introduced legislation Thursday to establish a five-year medicinal cannabis pilot program in the state of Indiana.

Legislation to legalize, decriminalize marijuana in Virginia fails

NORFOLK, Va. – One local Virginia House Delegate’s effort to legalize and decriminalize marijuana in Virginia has failed.

Ohio sold $75k in medical marijuana on first day of legal sales

The Ohio Medical Marijuana Program sold $75,000 worth of medicinal cannabis Wednesday on the first day of legal sales in the state.

Michigan allows temporary facilities to reopen amid medical marijuana shortage

DETROIT – Michigan’s medical marijuana dispensaries are facing a shortage of the product that many patients depend on. All across the state shelves ..

Gov. DeSantis desires to move forward with smokable medical cannabis

The law also capped the number of medical-marijuana licenses and the number of dispensaries in the state. Court decisions in other lawsuits also …

Future of marijuana legalization is hazy at State Capitol

Tim Walz campaigned on legalizing and decriminalizing marijuana, legislative leaders from both parties have said they will not rush to pass legislation …

California News

BREAKING NEWS: California Agencies Issue Final Cannabis Regulations. Finally.

california cannabis final regulations. Yesterday afternoon, on January 16, 2019, the California Office of Administrative Law (“OAL) finally approved the ..

Dispute over rules riles California’s legal pot market

California has finalized its rules governing the nation’s largest legal marijuana market, a milestone coming more than a year after the state broadly …

TGSP 213: Alan Brochstein (NCV) – Cannabis 2018 Recap & 2019 Forecast

This week on TGSP: Jeremy speaks with Alan Brochstein (New Cannabis Ventures) about what took place in 2018 and what we could start to see in …

The Sales Conundrum: How Cannabis Farmers Are Being Screwed by Retail Regulations

Now, with the close of the first year of recreational cannabis in California, statistics are starting to be made public about how little money was actually ..

Producers are meeting California’s new, tougher rules for cannabis safety

Tougher requirements for marijuana purity that kicked in this year in California aren’t triggering the high failure rates that emptied shelves at cannabis …

Market Watch
Goldrea Resources Corp. (“Goldrea” or the “Company”) is pleased to announce that the Company has established a wholly-owned subsidiary named Global Lab Analytics, Inc. (GLA), incorporated and based in California…

Canadian News

Cannabis lottery looks like an attempt by Ford government to ensure legalization fails

Says Toronto-based cannabis lawyer Caryma Sa’d, “Why would we uproot an industry that existed? People who know how to work within it are now …

Alberta Liberals call on government to issue more cannabis licences

WATCH ABOVE: (From Jan. 3, 2019) Cannabis producers are trying to catch up to overwhelming demand. While supply issues are improving, Alberta …

Market Watch
Liht Cannabis Corp. (cse:LIHT) (otcqx:LIHTF) or the “Company”) is pleased to announce that its wholly-owned subsidiary, Full Spectrum Medicinals (“FSM”), has completed the securing…

Science News

Highly effective protocol to prepare cannabis samples for THC/CBD analysis

Porvair Sciences reports on a highly effective protocol, using its Plant Genomics microplate, for preparing cannabis samples for analysis of …

ProKure’s Chief Science Officer Leads First Ever ASTM International Standards for Cleaning …

ProKure’s Chief Science Officer Leads First Ever ASTM International … ASTM Committee D37 on Cannabiswas formed to develop standards for …

Vaping marijuana is technically safer than smoking it, but one caveat could make the habit …

Vaping poses other serious health risks because many of the pens use cannabis extracts or introduce toxins during their production process.

Cannabis Addiction Is a Myth, according to Substance Abuse Expert

Cannabis Addiction Is a Myth, according to Substance Abuse Expert … MJ Milloy – UBC’s inaugural Canopy Growth Professor of Cannabis Science.

It’s Time To Unshackle Cannabis Research Efforts

Science proves cannabis has medical benefits for adults, the report concluded. Researchers found that cannabis and cannabinoids can help alleviate …

Daily Cannabis News Roundup | January 17, 2019

HighLights

Senators Ask FDA To Update Rules On Certain Cannabis Products

SALEM, Ore. (AP) — Oregon’s two senators on Tuesday urged the head of the U.S. Food and Drug Administration to update federal regulations to …

Market Watch
The partial government shutdown is now setting records, and investors might not be able to ignore it for much longer, analysts said…

BUREAU OF CANNABIS CONTROL TEXT OF REGULATIONS

California Cannabis Portal
For the purposes of this division, the definitions in this section shall govern the construction of
this division unless otherwise indicated.

Stocks

Market Watch
Aurora Cannabis Inc. ACB, +4.71% ACB, +4.97% said late Wednesday that it planned to raise $250 million via convertible debt. Aurora stock fell more than 6% in after-hours trading…

Noticeable Observation For Stock Investors:: Cronos Group Inc., (NASDAQ: CRON)

NYSE NASDAQ News
Cronos Group Inc. (CRON) recently closed with fall of 13.12% to its 20-Day “SMA”. This short time frame picture represents a downward movement of current price over average price of last 20 days. 50-day “SMA” …

Marijuana Stocks Technical Analysis Chart 1/16/2019 by ChartGuys.com

The Chart Guys
Technical chart analysis for the cannabis sector on January 12, 2018…

Next Green Wave enters California cannabis licensing agreement with Intrexon

Vancouver-based Next Green Wave said in a press release that the deal will allow the rapid production of its proprietary cannabis for the California …

Trulieve Cannabis (CNSX:TRUL) Models Tilray’s IPO Lockup Expiry Playbook

Midas Letter
It appears Trulieve Cannabis Corp (CNSX:TRUL) (OTCMKTS:TCNNF) is taking measures to buffer its stock against an IPO lockup expiration set to unfold next Friday. Judging by early price action strength, it may be working.

 

Market Watch
KushCo Holdings, Inc. (otcqb:KSHB) (“KushCo” or the “Company”), the parent company of innovative cannabis industry leaders such as Kush Supply Co., Kush Energy, The Hybrid Creative…

Market Watch
KUSHCO HOLDINGS, INC. (otcqb:KSHB) (“KushCo” or the “Company”), the parent company of innovative industry leaders such as Kush Supply Co., Kush Energy, The Hybrid Creative…

Canaccord Genuity Group Inc (TSE:CF) Analyst Matt Bottomley on Justifying Valuations in 2019

Midas Letter
Canaccord Genuity Group Inc (TSE:CF) (OTCMKTS:CLORF) Analyst Matt Bottomley warns that in this year cannabis companies are going to have to justify increasingly lofty valuations. While Bottomley believes that all cannabis companies need to back fill to match valuations, he indicates…

MMJ Report
Treehouse Real Estate Investment Trust mobilized $133 million in the first round to acquire properties from Medmen Enterprises Inc (OTCMKTS:MMNFF)…

Market Watch
TILT Holdings Inc. (“TILT” or the “Company”) (cse:TILT) SVVTF, -1.07% a global technology and infrastructure company engaged in research, development, manufacturing and sale of a…

Organigram Collaborates to Advance Cannabis Edibles Product Development

… markets, as well as gain a deep understanding of technology, process and product development through TGS’s specialization in the extract market.

Market Watch
Cresco Labs (cse:CL) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, today announced the opening…

Why Marijuana ETF is on a High in 2019

Zacks
After being beaten down in the final quarter of 2018, pot stocks staged a nice comeback at the start of this year on the renewed appeal for riskier assets. Notably, these stocks recorded their third consecutive week of gains, the longest winning streak since August. ETFMG Alternative Harvest…

Medipharm Labs Ships Over $10 Million of Cannabis Oil

The first large shipments of cannabis oil supply left the Company’s dock in December 2018 and were aggregately valued at over $10 million.

Market Watch
THC Therapeutics, Inc.THCT, -14.53% a forward-thinking publicly traded Health and Wellness company in the cannabis industry that has “Better Health through…

Market Watch
Golden Leaf Holdings Ltd. (“Golden Leaf” or the “Company”) (cse:GLH) (otcqb:GLDFF), a cannabis company with cultivation, production and retail operations built…

Grown Rogue Expands into Michigan Cannabis Market

“Our cannabis experience includes an established brand presence, compliance and regulatory, construction of best-in-class cultivation facilities and …

Business

Market Watch
Industrial Hemp, a variety of cannabis, is also known as Hemp or non-drug cannabis as doesn’t exhibit any of the psychoactive property as its cousin marijuana. Industrial hemp is an annual plant and is cultivated in over 30 countries across the globe…

How Khiron and Former Mexican President Vicente Fox Are Building a Latin American Juggernaut

Quesada has always been an advocate for the legalization of cannabis in Mexico and his involvement with Khiron will bring many advantages to the …

Michigan Cannabis Industry Association launched to advocate for businesses, consumers

A new association aims to represent the interests of licensed and budding marijuana businesses across Michigan, with an eye toward ironing out …

Cannabis Business Booms But That Does Not Mean A Beverage Alcohol Bust

“Every single licensed cannabis retail location could be the nucleus of a specialty store chain that could dominate its local market, its state, …

Global News

Hastily Approved Thai Marijuana Patent Causes Outrage

“The [article] 9(1) states that it is not possible to patent plant extracts. They bring in cannabis extract and want to patent it, claim it’s new. You can’t do …

Is Latin America the Next Big (Legal) Marijuana Market?

The ruling by Mexico’s high court marked the fifth time that prohibition on recreational marijuana consumption had been ruled unconstitutional.

Market Watch
The world’s leading cannabis researchers and scientists, ag-tech, pharma experts, regulators, investors, and entrepreneurs will share their knowledge about the burgeoning…

Market Watch
Profile Solutions, Inc. (otc pink:PSIQ) is pleased to announce the receipt of $2,500,000 to become the only licensed growing farm and processing plant for medical cannabis & industrial hemp in The Kingdom of eSwatini f/k/a Swaziland (“eSwatini”) for a minimum of 10 years…

Market Watch
CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article covering International Cannabis Corps strategic position in Europe…

US News

Trump Treasury Official Wants Congress To Fix Marijuana Businesses’ Banking Issues

Marijuana Moment
Congress needs to come up with a solution for banking access by the marijuana industry, a top federal Treasury Department official said on Wednesday. 

Gov. Cuomo Forecasts $300 Million in Recreational Marijuana Revenue

ALBANY — New York could raise about $300 million in annual revenue from recreational marijuana, according to Gov. Andrew M. Cuomo, who will …

New Approach to Medical Marijuana Coming ‘Very Soon,’ Florida Gov. Ron DeSantis Says

DeSantis said he will “very soon” announce changes in how the state is carrying out a constitutional amendment that broadly legalized medical …

Veterans lobby to legalize growing hemp and extracting CBD oil in Georgia

Industrial hemp is a variety of cannabis that doesn’t provide the high of marijuana. … In Georgia, it’s illegal to grow hemp and to extract CBD oil.

Company gets OK to start work on Boston’s first recreational pot store

A fledgling marijuana company says it has received a crucial city zoning permit that will allow it to start construction on what it hopes will be Boston’s …

I-Team: Hundreds Of Vials Of Marijuana Product Found In Lab’s Dumpster

FRAMINGHAM (CBS) – Framingham police say hundreds of vials of extracted marijuana and THC products were thrown away in a dumpster behind …

California News

California’s Cannabis Tax Income Far Lower Than Expected

Experts say that the reality is a majority of California cannabis consumers still purchase on the illicit market. Some estimates indicate that 80% of …

Chula Vista Approves Tax Rates for Cannabis Sales, Cultivation

The Chula Vista City Council approved a 7-percent tax on retail marijuana sales and a $15-per-square-foot tax on cannabis growing facilities Tuesday …

Producers are meeting California’s new, tougher rules for cannabis safety

Tougher requirements for marijuana purity that kicked in this year in California aren’t triggering the high failure rates that emptied shelves at cannabis …

California jury awards $4.3M in LA marijuana business dispute

A Los Angeles jury recently awarded what could be a record amount of damages to date in a legal business dispute over a marijuana grow and retail …

Convergence Laboratories Earns License in California

The company is ready to provide highly detail-oriented services to help the cannabis industry comply with the ever-changing regulations. Through its …

Market Watch
Cannabis Strategic Ventures, Inc. NUGS, +28.47% today announces that it has signed a Letter of Intent to partner with a Santa Barbara County cultivation operation that holds approximately 40 commercial cannabis licenses from the County…

Cannabis Distribution Association Elects New Members to 2019 Board of Directors

15, 2019 /PRNewswire/ — The Cannabis Distribution Association (CDA) and its members, who collectively supply a significant portion of the California …

Woodlake collects $229000 from cannabis business in 2018

City officials say Woodlake collected a total of $229,000 from cannabis business in 2018, which includes taxes imposed on the Central San Joaquin …

Canadian News

Beleave Receives Health Canada Authorization to Sell Cannabis Oils

Through its majority ownership of Procannmed S.A.S., Beleave is fully licensed to cultivate, produce, extract and distribute medical cannabis in …

Science News

BC Cancer to lead first national cannabis clinical trial for symptom relief

A Health Canada-approved Whistler medical cannabis producer will donate the oil extracts to be taken by cancer patients in nine cities across Canada …