Farm Bill to Legalize Hemp, Canopy Worth 2X Aurora, & Will India Legalize?

Stock Market

Canopy Worth Twice What Aurora is Worth

According to Motley Fool’s Sean Williams, Canopy Growth’s (NYSE: CGC) market cap is worth two Aurora companies, proving that production capacity isn’t everything in the cannabis industry. Canopy Growth has many advantages over Aurora including a brand partnership with Constellation Brands (NYSE: STZ) making the company a buyout option. Canopy also has a much less stock dilution than Aurora, who has regularly turned to bought-deal-offerings to raise capital.

Cannabis Stocks Could Lose 90% of Their Value

Motley Fool’s Joey Frenette believes the cannabis sector is already in the middle of a bear market and advises cannabis investors to take their chips off the gambling table. While most dips have recovered with a bounce, the current downtrend is likely to persist.

Pot Stocks A Better Short Today Than Ever Before

Whitney Tilson, former hedge fund manager and the founder of Kase Learning, announced Thursday that pot stocks are a better short today than they were a few months ago. Tilson went further noting that companies must begin trading on fundamentals now that the pump-and-dump crowd has gone.

Alliqua Enters Cannabis Sector, Sends Shares Soaring

Alliqua Biomedical Inc. (NASDAQ: ALQA) is soaring nearly 200% after the company announced an agreement Wednesday to spin off its subsidiary AquaMed Technologies and merge it with Israeli cannabinoid pharma therapy company TO Pharmaceuticals LLC. AquaMed manufactures electron beam cross-linked aqueous polymer sheet hydrogel products. The new company TO Pharma will develop novel therapeutics based on proprietary cannabinoid product platform.

Dixie Brands Debuts on CSE

Dixie Brands (USA Inc) and Academy Explorations Limited announced that the companies have completed a reverse takeover transaction. Pursuant to the transaction, Academy’s wholly-owned subsidiary Amalco merged with USA Inc. forming Delaware-incorporated operating company named Dixie Brands. New officers and directors were appointed. Dixie Brands is now listed on the Canadian Securities Exchange under the ticker DIXI.U.

Choom Acquires Clarity Cannabis Medical Centres

For an undisclosed amount, Choom (OTCQB: CHOOF) announced that it has acquired Clarity Cannabis Medical Centres to establish a medical retail cannabis presence. Clarity provides medical cannabis services via its five locations and proprietary telemedicine system.

Acreage Holdings Year-Over-Year Revenues More Than Double, Losses More Than Quintuple

Acreage Holdings Inc (OTC: ACRZF) reported net losses of $4M in its third quarter financial results, up from $728K the year prior. Revenue for the company rose from $2.1M to $5.5M from Q3 2017.

Canopy Enters Supply Agreement with MediPharm

Thursday Canopy Growth Corp. (NYSE: CGC) announced it has entered into a strategic supply agreement with MediPharm Labs Corp. (OTCMKTS: MLCPF). Under the agreement MediPharm will supply Canopy with up to 900 kilograms of cannabis extract over an 18-month period. In addition, Canopy has committed to purchase 450 kilograms with an option to buy an additional 450 kilograms.

Australis Lends $4M to Body and Mind to Fund California Cannabis Acquisition

Body and Mind Inc. (CSE: BAMM) (USOTC: BMMJ) and Australis Capital Inc. (CSE: AUSA) announced an investment by Body and Mind into Green Light District holdings Inc. by way of $5.2M senior secured convertible note at a rate of 20% per annum. Body and Mind’s investment was funded partly by a $4M secured loan from Australis.

Global News

Will Medical Cannabis Hit India Next?

Indian scientists conducting medical research for the Indian Institute of Integrative Medicine are making a push for the legalization of medical marijuana. The institute is educating the public on the uses of cannabis in the management of diseases like cancer, epilepsy, and sickle cell anemia.

Helius Therapeutics Poaching NZ Cannabis Strains

Medicinal cannabis firm Helius Therapeutics is asking black market cannabis growers to come out of the shadows and share their unique strains. The Misuse of Drugs Amendment Bill passed its second reading. The bill offers an amnesty program that allows illicit cannabis strains to be onboarded by licensed producers. Owners of the genetics will receive an upfront fee and a possible royalty for the rights to strains that are adopted.

Mexico Approves 38 Over the Counter CBD Products

Thirty-eight CBD products have been approved for sale without a prescription by the Mexican Federal Commission for the Protection Against Sanitary Risks. Seven companies – four from Mexico, two from the US, and one from Spain received approval for their products. The list of approved items includes 21 food supplements, 9 cosmetics products, 6 edibles or beverages, and 2 raw materials.

Latin America’s Emerging Cannabis Industry

Uruguay was the first country in the modern era to legalize cannabis both medicinally and recreationally. Ever since, Latin America’s medical cannabis market has been exploding with growth as Mexico, Colombia, Argentina, Peru, Paraguay, and Chile have all changed their policies on cannabis, CBD, or hemp.

US News

Farm Bill Offers Struggling Farmers New Cash Crop

A growing number of struggling farmers are turning to hemp as an entirely new cash crop. After decades of federal restriction, Congress is on the verge of fully legalizing hemp under the new Farm Bill agreement struck on Thursday.

Patent Lawsuit Over Rights to CBD

Still in its infancy, experts believe the cannabis industry is ill prepared for patent litigation. Colorado based United Cannabis Corp. has the cannabis industry up in arms over a lawsuit against Pure Hemp Collective Inc. for infringing on its patent of high concentrate CBD. A patent that could challenge nearly all CBD products on the market. Experts believe United Cannabis will face difficulties in litigation due to the industries lack of “prior art,” documentation as a result of prohibition. A major problem the cannabis industry faces is information that is clear to the industry may not be seen or considered by the patent office.

Strategic Advisor Describes How Not to Get Taken Advantage of in the Cannabis Industry

Cannabis strategic industry advisor Kristen Yoder is helping guide cannabis entrepreneurs entering the sector. Yoder hopes to save investors from becoming victims to get rich schemes plaguing the green-rush, by offering real advice based on what is possible in the industry.

Eaze Branches Out of California to 41 States

California cannabis delivery service Eaze is branching out of California into 41 states with its new online platform Eaze Wellness. Eaze delivers cannabis, pre-rolls, and vaporizers to the California market, however with the new online marketplace, Eaze will be able to deliver hemp derived CBD across the US.

California News

San Francisco Levying Gross Receipts Tax on Cannabis

San Francisco in joining California’s many cities levying a gross receipts tax on the cannabis industry. Of note are the tax rates which vary between 1% and 5% depending on the firm’s business activity and a firm’s level of gross receipts. This type of tax pyramiding taxes the product at every transaction, from producer to processor and from processor to retailer, in the cannabis production process.

$9M Raid in Bakersfield

The Kern County Sheriff’s Office Narcotics Unit confiscated over $9M in cannabis product after the unit raided an illegal full-scale cannabis extraction lab. The commercial grade lab in northwest metropolitan Bakersfield California was subject of a long-term investigation according to the department.

Chemistree Technology Seeks Permits for Desert Springs

Chemistree Technology Inc. (CNSX: CHM) announced Thursday that the company has applied for permits for a planned cultivation, processing, and distribution facility in Desert Springs, California. The company submitted plans for two separate cultivation buildings totaling 127,960 square feet and a separate 119,960 square feet for warehousing and processing.

Pivot Naturals Awarded Temporary License

Pivot Naturals LLC a wholly owned subsidiary of Pivot Pharmaceuticals Inc. announced that it has received a temporary license from the California Department of Public Health to manufacture medical use cannabis infused products in Costa Mesa, California.

Canadian News

Is Quebec Advertising Weed?

Quebec’s health department is looking into if the province is breaking its own law by advertising marijuana as “calming and relaxing” in a video visible from the sidewalk from its SQDC stores. The video in question plays on display screens in the lobbies of two the SQDC stores.

Science

A Primer on Cannabis Vape Cartridges

The three most common types of cannabis extract you will find in vape form are derived from distillation, CO2 extraction, or live resin extraction. For more information take a look at the article for differences in extraction type, terpene levels, THC levels, and how these extracts are produced.

Cannabis Users Have Psychotic Like Experiences Via Person-Specific Pathways

According to a study published by the JAMA Psychiatry cannabis use is associated with psychotic-like experiences via person-specific pathways that are independent of genetic predisposition or environmental factors.

Humulene: A Terpene of Interest?

Humulene, an effective anti-inflammatory, antibacterial, and appetite suppressant, is a common terpene found in cannabis and hops. Humulene is present in Balsam fir oil and is claimed to fight tumors due to its ability to produce Reactive Oxygen Species.