Daily Cannabis News Roundup | January 17, 2019

HighLights

Senators Ask FDA To Update Rules On Certain Cannabis Products

SALEM, Ore. (AP) — Oregon’s two senators on Tuesday urged the head of the U.S. Food and Drug Administration to update federal regulations to …

Market Watch
The partial government shutdown is now setting records, and investors might not be able to ignore it for much longer, analysts said…

BUREAU OF CANNABIS CONTROL TEXT OF REGULATIONS

California Cannabis Portal
For the purposes of this division, the definitions in this section shall govern the construction of
this division unless otherwise indicated.

Stocks

Market Watch
Aurora Cannabis Inc. ACB, +4.71% ACB, +4.97% said late Wednesday that it planned to raise $250 million via convertible debt. Aurora stock fell more than 6% in after-hours trading…

Noticeable Observation For Stock Investors:: Cronos Group Inc., (NASDAQ: CRON)

NYSE NASDAQ News
Cronos Group Inc. (CRON) recently closed with fall of 13.12% to its 20-Day “SMA”. This short time frame picture represents a downward movement of current price over average price of last 20 days. 50-day “SMA” …

Marijuana Stocks Technical Analysis Chart 1/16/2019 by ChartGuys.com

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

Next Green Wave enters California cannabis licensing agreement with Intrexon

Vancouver-based Next Green Wave said in a press release that the deal will allow the rapid production of its proprietary cannabis for the California …

Trulieve Cannabis (CNSX:TRUL) Models Tilray’s IPO Lockup Expiry Playbook

Midas Letter
It appears Trulieve Cannabis Corp (CNSX:TRUL) (OTCMKTS:TCNNF) is taking measures to buffer its stock against an IPO lockup expiration set to unfold next Friday. Judging by early price action strength, it may be working.

 

Market Watch
KushCo Holdings, Inc. (otcqb:KSHB) (“KushCo” or the “Company”), the parent company of innovative cannabis industry leaders such as Kush Supply Co., Kush Energy, The Hybrid Creative…

Market Watch
KUSHCO HOLDINGS, INC. (otcqb:KSHB) (“KushCo” or the “Company”), the parent company of innovative industry leaders such as Kush Supply Co., Kush Energy, The Hybrid Creative…

Canaccord Genuity Group Inc (TSE:CF) Analyst Matt Bottomley on Justifying Valuations in 2019

Midas Letter
Canaccord Genuity Group Inc (TSE:CF) (OTCMKTS:CLORF) Analyst Matt Bottomley warns that in this year cannabis companies are going to have to justify increasingly lofty valuations. While Bottomley believes that all cannabis companies need to back fill to match valuations, he indicates…

MMJ Report
Treehouse Real Estate Investment Trust mobilized $133 million in the first round to acquire properties from Medmen Enterprises Inc (OTCMKTS:MMNFF)…

Market Watch
TILT Holdings Inc. (“TILT” or the “Company”) (cse:TILT) SVVTF, -1.07% a global technology and infrastructure company engaged in research, development, manufacturing and sale of a…

Organigram Collaborates to Advance Cannabis Edibles Product Development

… markets, as well as gain a deep understanding of technology, process and product development through TGS’s specialization in the extract market.

Market Watch
Cresco Labs (cse:CL) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, today announced the opening…

Why Marijuana ETF is on a High in 2019

Zacks
After being beaten down in the final quarter of 2018, pot stocks staged a nice comeback at the start of this year on the renewed appeal for riskier assets. Notably, these stocks recorded their third consecutive week of gains, the longest winning streak since August. ETFMG Alternative Harvest…

Medipharm Labs Ships Over $10 Million of Cannabis Oil

The first large shipments of cannabis oil supply left the Company’s dock in December 2018 and were aggregately valued at over $10 million.

Market Watch
THC Therapeutics, Inc.THCT, -14.53% a forward-thinking publicly traded Health and Wellness company in the cannabis industry that has “Better Health through…

Market Watch
Golden Leaf Holdings Ltd. (“Golden Leaf” or the “Company”) (cse:GLH) (otcqb:GLDFF), a cannabis company with cultivation, production and retail operations built…

Grown Rogue Expands into Michigan Cannabis Market

“Our cannabis experience includes an established brand presence, compliance and regulatory, construction of best-in-class cultivation facilities and …

Business

Market Watch
Industrial Hemp, a variety of cannabis, is also known as Hemp or non-drug cannabis as doesn’t exhibit any of the psychoactive property as its cousin marijuana. Industrial hemp is an annual plant and is cultivated in over 30 countries across the globe…

How Khiron and Former Mexican President Vicente Fox Are Building a Latin American Juggernaut

Quesada has always been an advocate for the legalization of cannabis in Mexico and his involvement with Khiron will bring many advantages to the …

Michigan Cannabis Industry Association launched to advocate for businesses, consumers

A new association aims to represent the interests of licensed and budding marijuana businesses across Michigan, with an eye toward ironing out …

Cannabis Business Booms But That Does Not Mean A Beverage Alcohol Bust

“Every single licensed cannabis retail location could be the nucleus of a specialty store chain that could dominate its local market, its state, …

Global News

Hastily Approved Thai Marijuana Patent Causes Outrage

“The [article] 9(1) states that it is not possible to patent plant extracts. They bring in cannabis extract and want to patent it, claim it’s new. You can’t do …

Is Latin America the Next Big (Legal) Marijuana Market?

The ruling by Mexico’s high court marked the fifth time that prohibition on recreational marijuana consumption had been ruled unconstitutional.

Market Watch
The world’s leading cannabis researchers and scientists, ag-tech, pharma experts, regulators, investors, and entrepreneurs will share their knowledge about the burgeoning…

Market Watch
Profile Solutions, Inc. (otc pink:PSIQ) is pleased to announce the receipt of $2,500,000 to become the only licensed growing farm and processing plant for medical cannabis & industrial hemp in The Kingdom of eSwatini f/k/a Swaziland (“eSwatini”) for a minimum of 10 years…

Market Watch
CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article covering International Cannabis Corps strategic position in Europe…

US News

Trump Treasury Official Wants Congress To Fix Marijuana Businesses’ Banking Issues

Marijuana Moment
Congress needs to come up with a solution for banking access by the marijuana industry, a top federal Treasury Department official said on Wednesday. 

Gov. Cuomo Forecasts $300 Million 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 …

New Approach to Medical Marijuana Coming ‘Very Soon,’ Florida Gov. Ron DeSantis Says

DeSantis said he will “very soon” announce changes in how the state is carrying out a constitutional amendment that broadly legalized medical …

Veterans lobby to legalize growing hemp and extracting CBD oil in Georgia

Industrial hemp is a variety of cannabis that doesn’t provide the high of marijuana. … In Georgia, it’s illegal to grow hemp and to extract CBD oil.

Company gets OK to start work on Boston’s first recreational pot store

A fledgling marijuana company says it has received a crucial city zoning permit that will allow it to start construction on what it hopes will be Boston’s …

I-Team: Hundreds Of Vials Of Marijuana Product Found In Lab’s Dumpster

FRAMINGHAM (CBS) – Framingham police say hundreds of vials of extracted marijuana and THC products were thrown away in a dumpster behind …

California News

California’s Cannabis Tax Income Far Lower Than Expected

Experts say that the reality is a majority of California cannabis consumers still purchase on the illicit market. Some estimates indicate that 80% of …

Chula Vista Approves Tax Rates for Cannabis Sales, Cultivation

The Chula Vista City Council approved a 7-percent tax on retail marijuana sales and a $15-per-square-foot tax on cannabis growing facilities Tuesday …

Producers are meeting California’s new, tougher rules for cannabis safety

Tougher requirements for marijuana purity that kicked in this year in California aren’t triggering the high failure rates that emptied shelves at cannabis …

California jury awards $4.3M in LA marijuana business dispute

A Los Angeles jury recently awarded what could be a record amount of damages to date in a legal business dispute over a marijuana grow and retail …

Convergence Laboratories Earns License in California

The company is ready to provide highly detail-oriented services to help the cannabis industry comply with the ever-changing regulations. Through its …

Market Watch
Cannabis Strategic Ventures, Inc. NUGS, +28.47% today announces that it has signed a Letter of Intent to partner with a Santa Barbara County cultivation operation that holds approximately 40 commercial cannabis licenses from the County…

Cannabis Distribution Association Elects New Members to 2019 Board of Directors

15, 2019 /PRNewswire/ — The Cannabis Distribution Association (CDA) and its members, who collectively supply a significant portion of the California …

Woodlake collects $229000 from cannabis business in 2018

City officials say Woodlake collected a total of $229,000 from cannabis business in 2018, which includes taxes imposed on the Central San Joaquin …

Canadian News

Beleave Receives Health Canada Authorization to Sell Cannabis Oils

Through its majority ownership of Procannmed S.A.S., Beleave is fully licensed to cultivate, produce, extract and distribute medical cannabis in …

Science News

BC Cancer to lead first national cannabis clinical trial for symptom relief

A Health Canada-approved Whistler medical cannabis producer will donate the oil extracts to be taken by cancer patients in nine cities across Canada …