Daily Cannabis News Roundup | January 8, 2019

HighLights

US surgeon general suggests making it easier for researchers to get marijuana

“We need to look at our health laws, rules and regulations, and that includes the scheduling system. I’ll take it somewhere else – marijuana,” he said.

SHAREHOLDER ALERT: NSANY APHA CURO: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Stocks

TOKERS & JOKERS | CANNABIS STOCKS STARTING THE WEEK OFF STRONG

The marijuana sector saw a huge boost as US and Canadian cannabis stocks were generally trading up Monday. One exception was Green Growth Brands (CSE: GGB) ….

Vanguard Group Inc Has $209.66 Million Holdings in Canopy Growth Corp (CGC)

Vanguard Group Inc boosted its holdings in shares of Canopy Growth Corp (NYSE:CGC) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 

Canopy Rivers Announces $80 Million Bank Debt Facility at PharmHouse

Canopy Rivers Inc. (“Canopy Rivers” or the “Company”) (TSXV: RIV) today announced that its 49%-owned joint venture PharmHouse Inc…

The Top Cannabis Investing Storylines to Watch in 2019

On today’s episode of Free Lunch, Ryan McQueeney chats with Zacks Stock Strategist Dave Borun about the top cannabis investing storylines to watch in 2019, including new legal issues, the most exciting areas for growth, and a new model portfolio that will feature some of the industry’s top stocks.

MediPharm Labs Commences Trading in United States on OTCQB Market Under Symbol MLCPF

MediPharm Labs Corp. (TSXV:LABS) (OTCQB:?MLCPF) (the “Company” or “MediPharm Labs”), a specialized, research-driven cannabis extraction business, fully licensed under the Cannabis Act (Canada) focused on downstream secondary extraction methodology, distillation, and cannabinoid isolation and purification, is pleased to announce…

OTC Markets Group Welcomes Harvest One Cannabis Inc. to OTCQX

Harvest One Cannabis begins trading today on OTCQX under the symbol “HRVOF.” US investors can find current financial disclosure and Real-Time …

Namaste Technologies shares surge Monday; up more than 44% in the new year

In the run-up to recreational legalization in Canada in October, cannabis stocks across Canadian markets rocketed, with a substantial number of …

Here’s Why This Small Marijuana Stock Is Soaring Today

The license allows the company “to handle dried cannabis, to manufacture and purify cannabis extracts and cannabis oil, and to sell its services to …

Origin House shareholders aim to shield against hostile takeovers as pot M&A heats up

Origin House, the trade name of CannaRoyalty Corp., owns more than 100 brands that mostly sell into California, the world’s biggest legal cannabis …

GTI Enters Connecticut Medical Cannabis Market with $80 Million Acquisition

AGL is one of only four companies in Connecticut licensed to grow and process cannabis. The Connecticut-based cannabis company operates a …

 

iAnthus Opens Flagship Citiva Dispensary in Brooklyn, First Dispensary Serving Borough of 2.6 Million People

 iAnthus Capital Holdings, Inc. (“iAnthus”), (CSE: IAN) (OTCQX: ITHUF), which owns, operates, and partners with best-in-class regulated…

Canaccord Genuity analyst shifts focus from opportunity to execution for US cannabis stocks in 2019 

Canaccord Genuity cannabis analyst Bobby Burleson believes execution risk, more than market opportunity will be the focus of the U.S. cannabis …

Cannabis REIT to Acquire MedMen Real Estate, Looks to Capitalize on Fast Growing Sector

The newly formed real estate investment vehicle looks to capitalize on the fast-growing cannabis industry in the U.S. that is projected to grow to $75 …

The Pocket Shot Company Successfully Closes Merger with Pure HarvestCannabis

Denver Based Adult Beverage Distribution Company Announces Entry into Rapidly Expanding Cannabis, Hemp, and CBD Industry. DENVER, CO …

Helix TCS Inc (OTCMKTS:HLIX) Set For A Major Breakout

For those that are not familiar with Helix, the company is a leading provider of ancillary services for the legal cannabis industry, helping owners and …

Business

Hurdles For California’s Cannabis Industry Have Slowed Growth, But Many Still Expect A Business …

California has a dual-licensing structure in which both the state and local governments need to sign off before a cannabis business can operate.

NUGL Announces New Advertising Server Platform for Cannabis Industry from NUGL Media

“We have built our own highly specialized ad server for the cannabis industry. Now all cannabis companies can advertise on any website or digital …

Putting on the Glitz: Cannabis Retail Adds Bling and Smarts to the Menu

“Cannabis companies are faster to adopt new technology than any other industry I’ve seen before,” said Jeremy Jacobs, chief executive officer for …

1933 Industries hires master grower for Nevada cannabis business

1933 Industries Inc (CSE:TGIF) (OTCQX:TGIFF), the cannabis company, has tapped Tim Spencer as a master grower at its subsidiary Alternative …

US News

With Democrats in control, Blumenauer’s “Blueprint to Legalize Marijuana” comes centerstage

His memorandum entitled, “Blueprint to Legalize Marijuana,” was sent to … Nadler has the power to assure that cannabis legislation comes up for a …

Vermont Senate To Fast-Track Retail Cannabis Bill, But Path Not As Clear In House

Senate President Pro Tem Tim Ashe said lawmakers in his chamber will fast-track legislation that would create a retail market for cannabis sales in …

Congresswoman Alexandria Ocasio-Cortez Hires Former Marijuana Lobbyist As Senior Advisor

Keith Ellison (D-MN) and a legislative aide to former Rep. … While Riffle’s focus will not be on cannabis reform—at least for the time being—it will be …

Medical Marijuana a Step Closer to Reality in Missouri

Medical Marijuana a Step Closer to Reality in Missouri … begin accepting pre-filed applications for medical marijuana facilities at 8 a.m. this morning.

California News

California Cannabis Red Tape Alert: New BCC “Change of Ownership” Rules

Our California cannabis lawyers are seeing a major spike in mergers and acquisitions (M & A), and it’s time to discuss what’s on the horizon for …

It’s Tax Time: Choosing Cannabis Tax Advisors

The California Board of Accountancy [“CBA”] maintains a Cannabis Industry Information page on its website which highlights its unique status.

In California, Cannabis Beats Traditional Agriculture on Pesticide Safety Compliance

For farmers in California’s emergent legal market, it’s not easy being green enough to comply with the state’s pesticide regulations, especially when it …

Member Blog: News Flash – Quirky Cannabis Regulations Unchecked

California Bureau of Cannabis Control (BCC) Proposed Final Regulations: There are some quirky cannabisregulations seldom discussed by industry …

Canadian News

More than a dozen illegal cannabis stores still operating in Toronto, but closing them a ‘complex …

Toronto police also charged and released eight people under the new legislation, which makes it illegal to buy marijuana from anyone other than the …

Medical marijuana pioneer Brent Zettl jumps back into business with new startup

Mr. Zettl is part of a growing crop of cannabis entrepreneurs who have made a fortune selling their businesses amid a steep rally in marijuana stocks.

Canada’s Refusal to Let Cannabis Dealers Enter the Legal Market May Be Fueling the Black Market

Canada’s decision to bar illicit cannabis dealers from entering the legal market may be hindering the effectiveness of legalization, according to Dan …

Science News

Acute Pharmacokinetic Profile of Smoked and Vaporized Cannabis in Human Blood and Oral Fluid

Abstract. Currently, an unprecedented number of individuals can legally access cannabis. Vaporization is increasingly popular as a method to