Daily Cannabis News Roundup | January 9, 2019

HighLights

CONVERTING CBD TO THC: IT’S EASY, POTENTIALLY HARMFUL & RAISES CONCERNS ABOUT CURRENT APPROACHES TO CANNABIS REGULATION

The Morning Blunt
In fact, even a novice can easily transform CBD into THC with readily available materials in an inexpensive home lab environment, meaning anyone …

AURORA’S QUARTERLY EARNINGS REPORT IS A LESSON FOR THE CANNABIS SECTOR

The Morning Blunt
In an unsurprising lesson for the entire cannabis sector, Aurora Cannabis Inc. (NYSE: ACB) announced its second-quarter revenue will fall short of analyst predictions.

Congressional Report Calls For the Reclassification of Cannabis

United States Congress Joint Economic Committee
Joint Economic Committee Democrats released a report today that highlights the economic benefits of legalized cannabis at the state and national levels. The industry totaled more than $8 billion i

A pro-pot Trump could ‘come out a hero’ in 2020 election: Wall Street analyst

U.S. President Donald Trump could come out in favour of cannabis in a bid to … Cory Booker have supported changes to laws governing cannabis.

Stocks

TOKERS & JOKERS | CANNABIS STOCKS MIXED TUESDAY

The Morning Blunt
Cannabis stocks ended the day mixed after a wild ride Tuesday afternoon, with Tilray standing out as the day’s major winner.  Cronos Group (NASDAQ: CRON) shares were down 0.32%….

Top cannabis analyst on Wall Street raises sales forecast, names top 2019 picks

CNBC
Wall Street’s top cannabis analyst believes U.S. sales of marijuana will rise more than she previously projected to $80 billion by 2030 and told clients to expect major Canadian growers Canopy Growth and Tilray to outperform in 2019.

iAnthus Capital eyes U.S. growth after MPX acquisition

Bloomberg
Hadley Ford, CEO of CSE-listed iAnthus Capital, discusses the company’s growth plan in the U.S., their most recent major acquisition and their expected opening of a 2,000 square foot, regulated medical marijuana dispensary in Brooklyn.

 

News Wire
CannTrust Holdings Inc. (“CannTrust” or the “Company”, TSX: TRST), one of Canada’sleading, most trusted licensed producers of cann…

The Green Organic Dutchman taps two new board members with Medical and Pharmaceutical Experience

Proactive Investors
TGOD has appointed internist and cannabinoid expert Dr. Caroline MacCallum and Jacques Dessureault, a pharmaceutical executive, to its board…

News Wire 
Harvest One Cannabis Inc. (“Harvest One” or the “Company”) (TSX-V: HVT; OTCQX: HRVOF), a global cannabis company that develops and provides innov…

Green Thumb Industries (GTI) Enters Connecticut Market with $80M Acquisition of Advanced Grow Labs LLC

GTI Grows
Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a national cannabis consumer packaged goods company and owner-operator of the high growth nationa

3 Cannabis Stocks with Upbeat 2019 Revenue Guidance

The cannabis stocks we’ve weeded out have released revenue forecasts for 2019, giving investors an outlook that many of its cannabis counterparts …

MediPharm Labs Signs Large Multi-Year Cannabis Extraction Agreement With TerrAscend Marking Strong Start to 2019

Globe News Wire
MediPharm Labs Corp. (TSXV: LABS; OTCQB: MLCPF) (the “Company” or “MediPharm Labs”), a specialized, research-driven cannabis extraction business,

A weed-tech startup backed by an early Juul investor and Canopy Growth just raised $12 million

Headset, a Seattle-based analytics firm for the marijuana industry, closed a $12.1 million Series A funding round. The round was led by Poseidon …

KALY Worth A Good Look

Goldman Small Cap Research
Kali (OTC  – KALY- NR) has multiple shots on goal in the wellness and pharmaceuticals segments of the Hemp-based CBD industry.

US firm building a ‘cannabis superhighway’ plans to list in Canada

MJIC Inc., a pot distributor building a “cannabis superhighway” in California, is planning a Canadian listing by the end of February. The company …

Alta Corp Capital initiates coverage of Valens GroWorks with $5 price target and Outperform rating

“Given the relatively high margins on extraction services, larger cannabis producers are incentivized to internalize these processes. With our view of …

Track-and-Trace Systems Are Still Working Out the Kinks

In California, Metrc, an acronym for Marijuana Enforcement Tracking Reporting Compliance, is called CCTT-Metrc (for California Cannabis …

Business

BMO, CIBC provide $80-million loan to Canopy Growth-affiliated pot company PharmHouse

The bank loan is one of the largest provided to a private company in the cannabis industry by top-tier banks, most of which are still warming up to the …

Curaleaf CEO: Federal excise tax could come to U.S. pot industry in 2019

Bloomberg
Joe Lusardi, CEO of Curaleaf discusses the company’s growth plans in the U.S. and his outlook for the cannabis sector in America.

Acreage Holdings President Predicts STATES Act Will Tip the Scales to American Cannabis …

Guest post by George Allen, President of Acreage Holdings. When dawn broke on New Year’s Day, cannabis was legal in some form in 33 U.S. states.

Cannabis Testing Market Estimated to be Worth US$ 1.5 Billion by

Cannabis Testing Market”Increasing Legalization of Medicinal Cannabis and Commercial Cultivation of Cannabis are Expected to Drive Growth of …

Greedy Politicians Are Already Wrecking the Legalized Cannabis Industry

In 2018, cannabis sales only amounted to $2.5 billion, half a billion less than the total number of sales for 2017, when only medical cannabis was legal.

One of the world’s largest law firms poached a senior partner to build out a marijuana practice …

Dentons, one of the world’s largest law firms, poached a senior partner from Jones Day to build a dedicated marijuana practice. The partner, Eric P.

TILT Holdings Announces Cannabis Inclusion Program

Business Wire
TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTC: SVVTF), a global technology and infrastructure company engaged in research, development, manufacturing and sale of a broad range of products for the cannabis industry, announced today the official launch of

Business Report: Shoppers’ medical cannabis e-commerce platform launches

Shoppers Drug Mart’s medical cannabis e-commerce platform launched Tuesday. And, do you have any discontinued Canadian cash laying around …

Global News

Joint Ventures: Greece Cultivates Business Opportunities in Cannabis

Investment in the cannabis industry has taken off in North America thanks to the recent legalization of cannabis in Canada, with startups proliferating …

US News

New Hampshire Lawmakers File Three Marijuana Bills Ahead Of Possible Full Legalization

Three new pieces of bipartisan marijuana legislation have been introduced in the New Hampshire legislature, opening the door to more modest …

Vermont Senate Set to Pass Bill Allowing Recreational Marijuana Sales

Vermont Senate President Pro Tem Tim Ashe said he’s planning to fast-track a bill to allow recreational marijuana sales in the state. Ashe says that …

Marijuana Moment
With Democrats in the majority in the U.S. House, there’s renewed hope that Washington D.C. could finally get a retail marijuana system 

Key lawmaker expects changes in Florida’s marijuana policy after DeSantis takeover

Orlando Weekly
One of the architects of Florida’s medical-marijuana laws anticipates a “new day in Florida” on marijuana issues after Gov.-elect Ron DeSantis takes over Tuesday as the state’s chief executive. 

California News

Kamala Harris Calls For Legalizing Marijuana And Ending War On Drugs In New Book

And she declined to support California’s cannabis legalization ballot measure that voters went on to approve two years later. Over the course of 2018, …

Cannabis licensing rolls into new phase with new year

The arrival of 2019 brought changes in the California cannabis licensing process, the potential for Santa Barbara County cannabis ordinance …

California Legislature Mulls Cannabis Bank Charters

One of the first bills introduced in the current California legislative biennium proposes to enact a Cannabis Limited Charter Banking and Credit Union …

Canadian News

Canada’s pot shortage could last up to 3 years, executives warn

Bloomberg
Canada’s pot shortage could last as long as three years, according to industry executives who say production estimates are too rosy.

Science News

PR Newswire 
Digipath, Inc. (DIGP), a service-oriented independent testing laboratory, data and media firm focused on the developing cannabis and hemp market, is pleased to announce its’ Chief Science Officer and Board Member, Dr. Cindy Orser has publishe