Daily Cannabis News Roundup | January 7

HighLights

2019: The year of accountability for marijuana

While 2018 saw five recreational stores open in the state, the cannabis industry will roll out for real and at scale in 2019. All those abstract discussions …

California’s cannabis industry has fallen short of expectations — does it hold any lessons for …

It’s been a year since California legalized recreational cannabis, but questions on regulations and licences — as well as a thriving black market …

Junior Canadian Cannabis Scintillating to Start 2019—But Can It Last?

… the second iteration of the Canadian cannabis bubble. Select Tier-1/Mid-Major-Junior Canadian Cannabis Stock Returns, January 2-9, 2018 …

Stocks

CRON Stock Is One of the Very Few Marijuana Stocks Still Poised for Gains

Marijuana stocks continue to remain a favorite among retail investors. So, as a result, some are using the current weakness that has plagued this …

Tilray Shares Could Face Pressure Very Soon

Tilray’s stock, which has already lagged the rallying cannabis sector to begin 2019, may see further erosion in the share price in the coming weeks as …

Marijuana M&A is already hot in 2019, with a pot tech-vape tie-up worth $210 million

TILT Holdings, a publicly-traded marijuana company, said it is buying vaporizer company Jupiter Research for $210 million in cash and stock.

Acreage Holdings Enters Florida Market with $67 Million Acquisition

While many investors see (or at least saw) the Canadian cannabis market as a potential staging point for American companies to expand, an equal …

RavenQuest BioMed Acquires Majority Stake In Craft Cannabis Company For $1

British Columbia-based craft marijuana company 1 Life Cannabis now has a new majority shareholder with a 51% acquisition by RavenQuest BioMed …

Marijuana Earnings Reports Are Going to Be Particularly Tricky in 2019

But as we barrel into what’s traditionally the kickoff for earnings season, marijuana stock investors are going to have their hands full more so than the …

Business

Cannabis growers are racing to scale up with massive greenhouses — but not everyone thinks …

At first glance, the Supreme Cannabis Company’s facility in Kincardine, Ont., looks something like a trailer park in the middle of a construction site.

Pot-adjacent companies look to cash in

Plenty of firms are angling to get into the cannabis business without actually touching the plant. Though most of the venture-backed ancillary cannabis …

Cannabis Sector Focus Shifts From Legalization to Legitimacy

It was a wildly volatile year for many pot stocks, but none could match Tilray Inc., the only cannabis stock to be listed solely on a U.S. exchange.

TILT Holdings Strengthens Leadership Team and Appoints Chief Financial Officer

BUSINESS WIRE)–Jan 4, 2019–TILT Holdings Inc. (“TILT” or the … a diversified, multinational infrastructure and technology cannabis company, today …

Business Sense: The faces of the new cannabis industry

I congratulated him for representing one of the faces of the new, state-legal cannabis industry. A group I visited the previous day had actually talked …

Global News

Creso expands into Sri Lankan market with its cannabis product offering

One of the leading listed Australian cannabis companies Creso Pharma will expand into Sri Lanka with its therapeutic products. The company has …

US News

Another GOP Congressman Introduced A Marijuana Bill On The First Day Of The New Congress

“Isn’t it cruel to not allow real doctors, real drug companies, and real pharmacists to use marijuana for legitimate medical reasons for real patients?

With New House and Senate Session, CARERS Act Resurfaces to Offer Medical Marijuana …

The CARERS Act is the first cannabis reform bill to land in the U.S. … that budget rider’s protections for state-legal medical marijuana businesses.

As of 2018 There Are Now More Cannabis Workers Than There Are Librarians or Pilots In The USA

Cali Extractions have put together this interesting infographic and accompanying article for us… The cannabis market is a dynamic, quickly changing …

Michigan Issues First Cannabis Recall Stating Products Were Not Tested

For the first time since the state began regulating medical marijuana last year, a recall of infused products has been announced.

Latest Estimate Says Ohio Medical Marijuana Could Be on Shelves Jan. 15

COLUMBUS, Ohio – Ailing Ohioans awaiting medical marijuana relief can circle Jan. 15 on their calendars–the latest estimate of when product will be …

Washington Gov. Plans to Pardon Thousands of Cannabis Offenders

The New Year will offer a fresh start to thousands of cannabis offenders in Washington state. On Friday, Washington governor Jay Inslee (D) …

What Is Oregon Going to Do With Over a Million Pounds of Excess Weed?

“Oregon has been growing cannabis for generations,” Adam Smith, founder and director of the Oregon small business association Craft Cannabis …

Nevada’s Cannabis Companies Embrace New THC Stamp Regulation

Wana Brands and Euphoria Wellness discuss their preparations for the new rule, which requires all cannabis edibles and infused products to display …

Curaleaf Opens Long Island Medical Cannabis Dispensary

Located at 255 Glen Cove Road in Carle Place, Long Island, the new location will provide medical cannabis patients in Nassau and Suffolk counties …

California News

Navigating California Cannabis Leases in 2019

We’ve previously written about some of the pitfalls for landlords to avoid when leasing to commercial cannabis tenants in California. We’ve also …

California Grace Period for Unlicensed Cannabis Co-ops Expires Jan. 9

A legal defense provided through 2018 protected them due to their status as medical cannabis collectives. However, laws have shifted and the legal …

Sacramento Business Journal: Influence of City’s Cannabis Policy

Sacramento Business Journal Editor Adam Steinhauer joins Olivia to talk about the influence cannabis has and the latest headlines.

San Diego Pot Industry Optimistic Despite Dip in Dispensary Sales

This week marks the first anniversary of California’s legalized recreational marijuana industry. And while recent reports suggest the sales aren’t living …

Canadian News

Canada legalized pot in October. But its black market is still going strong.

[In Canada, you can study marijuana production for college credit] … [With pot legalized, job openings surge in Canada’s cannabis industry]. Colorado …

Vancouver pot shop makes city’s first-ever legal, retail cannabis sale

Vancouver pot shop makes city’s first-ever legal, retail cannabis sale … of Vancouver has now handed out three business licenses to retail cannabis …

Lottery for Ontario retail cannabis licences to take place next week

TORONTO — The Ontario government will accept entries next week from those looking to enter a lottery to apply for the first 25 retail cannabis licences …

Up Cannabis Announces Voluntary Product Recall in Alberta for Single Batch ofCannabis

TORONTO, Jan. 4, 2019 /CNW/ – Newstrike Brands Ltd. (TSX-V:HIP) (“Newstrike” or the “Company”) and its wholly-owned subsidiary, Up Cannabis …