Daily Cannabis News Roundup | January 14, 2019

HighLights

The Case for THC Potency Limits on Shatter and Other Marijuana Products

A recent report from a Colorado organization devoted to keeping children away from marijuana advocates for potency limits on cannabis products, …

If You Register Your Cannabis Trademark, Beware of Scams

Canna Law Blog
We hear from clients on a regular basis who receive fraudulent notices pertaining to their U.S. federal trademark applications, and because we’ve seen an uptick in these scams over the last month, we thought it would be prudent to publish a PSA on the topic…

Stocks

Marijuana Stocks Technical Analysis Chart 1/14/2019 by ChartGuys.com

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

 

Aurora Cannabis (ACB) to Acquire Whistler Medical Marijuana for $175 Million

Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB) announced today that the Company has entered into a letter of intent (“LOI”) to acquire all the issued …

Green Growth Brands Is Preparing Formal Offer for Canadian Pot Producer Aphria: CEO

Cheddar
Green Growth Brands has no plans to stop its takeover bid for Canadian marijuana producer Aphria. Just days after the marijuana-derived beauty and wellness company announced it will sell its products at select DSW shoe stores nationwide, Green Growth CEO Peter Ho…

New Market Watch
Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds investors of the important February 4, 2019 lead plaintiff deadline in the shareholder class action lawsuit against Aphria Inc. (“Aphria” or the “Company”) APHA, +1.88% 

Market Watch
Canadian cannabis company Canopy Growth Corp. CGC, +11.08%WEED, +11.17% said Monday it has been granted a licence to process and produce hemp in New York state…

Was Aurora Cannabis Smart to Buy MedReleaf?

Marijuana stocks have started out 2019 on a positive note, and investors who see the promise of the cannabis industry are looking for the best way to …

Why This Analyst Sees Long-Term Value in Tilray (TLRY) Stock

With enthusiasm about the possibilities of cannabis down the road, the analyst initiates coverage of the stock, rating it Overweight. (To watch Lavery’s …

A top Aurora Cannabis executive says it’s gearing up to break into the $1.6 billion CBD industry in …

Aurora Cannabis will unveil a plan to produce hemp-derived CBD for the US market in the next few months, Cam Battley, Aurora’s Chief Corporate …

OrganiGram Holdings Inc. (CVE:OGI) CEO, Greg Engel

Midas Letter
Organigram Holdings Inc. (CVE: OGI) Chief Executive Officer discusses the nuances of the cannabis industry and where the company sees itself in th…

Market Watch
Wayland Group (cse:WAYL) (frankfurt:75M) (otcqb:MRRCF) (“Wayland” or the “Company”) is pleased to announce that, pursuant to the Company’s previously a…

Cannabis Sativa Inc (OTCMKTS: CBDS) Runs Hard Off Reversal

Cannabis Sativa Inc (OTCMKTS: CBDS) Runs Hard Off Reversal … extract of a cloned hybrid of the plant Cannabis sativa, subspecies sativa and …

Business

Chart: Multistate cannabis operators rapidly expanding into new markets

Rapid consolidation and expansion among cannabis companies dominated 2018 with more than 300 mergers and acquisitions and a rash of reverse …

Cannabis boom masked a shift in Canaccord’s wealth management business

The cannabis boom in capital markets has been a blessing and a curse for investment bank Canaccord Genuity Group Inc. The upside of the two-year …

Considerations For Cannabis Stakeholders In Light Of Harborside Health Center Decision

Late last year, the Tax Court published its opinion in Patients Mutual Assistance Collective Corp. (d.b.a. Harborside Health Center) v. Commissioner …

Cannabis Consolidation Works In Flowhub’s Favor

The cannabis industry experienced a 45% growth in dispensary licenses in 2018 according to CannaBiz Media, a company that tracks cannabis …

Breaking News Segment: Data Points to Strong Growth in Cannabis Businesses and the Need for …

Cannabis is becoming increasingly used around the globe due to its therapeutic effects. Although many countries are exploring the cannabis industry …

Former agency exec and Beam CMO Kevin George takes cannabis marketing job

His hire lends more proof that the growing cannabis industry is creating more job opportunities for former consumer-packaged goods and retail …

US News

Where Presidential Candidate Julián Castro Stands On Marijuana

Castro has a relatively thin record on marijuana, but there are a few clues about how he would handle cannabis policy if elected to the White House.

Cannabis in Congress: Why Federally Legal Weed Could Soon Be a Reality

Even with the government shutdown that’s been ominously hovering over Washington these past three weeks, there’s still a fresh Congress in town.

Gov. Ron DeSantis poised to make medical marijuana changes

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

Illinois Governor Pledges To Legalize Marijuana In Inaugural Address

J.B. Pritzker (D) confirmed in his inaugural address on Monday that he plans to make good on a campaign promise to legalize marijuana. “In the …

Cuomo forecasts $300M 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 …

Bipartisan Group of Legislators Introduce Bill to Legalize Cannabis Home Grows in Washington State

A bipartisan group of state legislators introduced legislation this morning that would legalize cannabis home grows in Washington, giving adults the …

Sen. Chuck Schumer Welcomes Major Cannabis Company To New York’s Hemp Industry

Under U.S. law, cannabis sativa with 0.3 percent or more THC is considered “marijuana” and falls under federal drug-control laws. Cannabis with less …

Pot is already legal in lots of places. Now we need strong warning labels to keep the public safe

In a recent Fox News op-ed, libertarian John Stossel called for legalizing marijuana. But 34 states have already legalized medical marijuana and 10 …

Massachusetts Recreational Marijuana Company NETA Sold To Atlanta Firm

BOSTON (CBS/AP) — The owner of one of the first recreational marijuana stores to open on the U.S. East Coast says it has agreed to be sold…

Could demand in Ohio for medical marijuana deplete limited supply?

Ohioans are blowing up the phone lines at a northeastern Ohio call center where 15 operators working for a private company aptly called Ohio …

California News

The Even More Perplexing State of Hemp CBD in California

Canna Law Blog
A few months ago, I wrote a blog post about the precarious state of industrial-hemp derived CBD in California.  Since then, as everyone knows, President Trump signed the Agricultural Improvement Act of 2018 (or “Farm Bill”)…

Canadian News

‘Some assembly required’: Cannabis grow pods turn into new business opportunity for Winnipeg …

There was the behind-the-scenes planning for his company’s first retail pot store, the creation of supply agreements with other cannabis sellers, and …

Large retailers scrambling to seek winners of Ontario cannabis lottery

Winners of the Ontario retail cannabis lottery are already being actively pursued by large corporations who are selling marijuana legally in other …