Daily Cannabis News Roundup | January 21, 2019

HighLights

Buyer Beware | Look Before You Leap

The Morning Blunt
Cannabis legalization is spreading and you want in on the action. It’s big. In fact, it’s arguably one of the most lucrative and fastest growing segments in the market…

Market Watch
Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Aphria, Inc. (“Aphria” or the “Company”) APHA, +3.09% and certain of its officers…

Market Watch
Law Offices of Howard G. Smith reminds investors of the March 8, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Liberty Health Sciences Inc…

State-Run Marijuana Bank Option Falters in California

A new study has cast a shadow on plans for a state-owned bank to service the cannabis industry in California. After recreational pot became legal in …

Congress Should Lead On Cannabis Justice

In the lead-up to the bill’s final passage in the Senate, which was by an … For decades, criminal justice and cannabis issues have been deeply …

Stocks

Investors Fret Over Pot Stocks Going Up in Smoke

In separate addresses, the governors of New York and New Jersey each said they’ll make legalization of recreational cannabis a priority for 2019, …

Canopy, Cronos top cannabis picks: CIBC

Bloomberg
CIBC has initiated coverage of the cannabis sector, rating Canopy Growth and Cronos Group as “outperform.” BNN Bloomberg’s Paul Bagnell reports…

High Times: The Marijuana ETF Soars To Start 2019

“Barr said he would not go after marijuana companies that have operated in compliance with earlier Justice Department guidance that was rescinded …

Bloomberg
Bruce Linton, Canopy Growth chairman and chief executive officer, discusses and the company’s plan to build a hemp plant in New York with Bloomberg’s Caroline Hyde…

Aurora prices US$300m in convertible senior notes to fuel expansion in Canada and beyond

Aurora Cannabis Inc. has priced its previously announced offering of convertible senior notes due 2024. The Company will issue US$300.0 million …

Aurora Cannabis Inc (TSE:ACB | NYSE:ACB) CCO Cam Battley on Convertible Note; Dilution Unlikely

Midas Letter
Aurora Cannabis Inc (TSE:ACB) (NYSE:ACB) (FRA:21P) CCO Cam Battley shares details of the company’s just announced US $300 million convertible debenture…

Market Watch
Aphria Inc. (“Aphria” or the “Company”) (TSX: APHA andNYSE: APHA) has recently entered into an exclusive agreement (the “Agreement”) with Toronto-based UNOapp Inc. (“UNOapp”) to collaborate on the development of technology and analytics solutions for Canada’s adult-use cannabis industry…

Market Watch
ICC International Cannabis Corp. (cse:WRLD.U) (fwb:8K51) WLDCF, -0.81% (“ICC” or “International Cannabis” or the “Company”) is pleased to announce that effective January 17, 2019, the Company will trade under the OTC symbol, WLDCF…

International Cannabis and Wayland to Begin Integration of European Extraction and Distillation …

International Cannabis and Wayland to Begin Integration of European Extraction and Distillation Processes; to Process 125,000 kg of CBD Flower …

Market Watch
Canadian marijuana producer Hexo Corp. HYYDF, +7.78% HEXO, +7.96% said early Thursday that it has been approved for listing on the NYSE American exchange, and will begin trading Jan. 23…

Medicine Man Technologies Enters Cannabis Research Space with MedPharm Acquisition

BATCH, a high-quality cannabis extract for cannabis consuming connoisseur, Become, a pure cannabis concentrate marketed to the female …

Market Watch
Aleafia Health Inc. (ALEF)(fra:ARAH) (“AleafiaHealth”) or the ()Company”) is announcing its global expansion with the closing of its previously announced investment in CannaPacific Pty Limited …

‘Cannabis is the new buffalo’: How MJardin emerged as a big player in First Nations’ pot ambitions

As an American cannabis player, MJardin Group Inc. is a rare breed. Not only has the Denver-based company entered Canada with plans to build pot …

Market Watch
iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”), (cse:IAN)(otcqb:ITHUF) and MPX Bioceutical Corporation (“MPX”) (cse:MPX) MPXEF, +1.84% a…

Alternate Health Secures Second Set of Licenses for Cannabis Manufacturing and Distribution in …

“This is a tremendously exciting accomplishment for Alternate Health and solidifies our position in California’s highly lucrative commercial cannabis …

Market Watch
Liht Cannabis Corp. (cse:LIHT) (otcqx:LIHTF) (“Liht”) or the “Company”) is pleased to announce that the temporary orders issued from the British Columbia…

Creso signs three-year supply agreement with TerrAscend Canada

Creso Pharma
Creso Pharma Limited (ASX: “CPH”, the “Company” or “Creso”) is pleased to announce it has
signed a three-year supply agreement with TerrAscend Canada, a wholly-owned subsidiary
of TerrAscend Corp…

SEC 
Village Farms International Inc. has submitted form 40-F to the Securities and Exchange Commission. If approved the company will be allowed to list publicly on the Nasdaq.

Business

Future Weed: Formulations, Patents and Where Cannabis Is Going Next

When you think of weed, you likely think of a sticky bud, an oil, maybe even a tincture. But what if you reconfigured your notion of cannabis to instead …

How iAnthus, Aurora, CuraLeaf, Cannex Make Their Pitch To Investors

Hundreds of cannabis investors had the opportunity to hear some of the … Here’s what iAnthus Capital Holdings Inc (OTC: ITHUF), Aurora Cannabis Inc … is also focusing on incorporating MPX-branded products into its California …

Will Big Business Dominate the US Marijuana Landscape?

We’ve seen this validation translate into the U.S. cannabis market, too, even … And as a reminder, California’s marijuana sales alone could top all of …

As Cannabis Markets Mature, Businesses Look to Financial Institutions for Transparent Banking

They have [a] dedicated marijuana business program, and they’re actively pursuing growth. Many of those institutions are the only option in their state, …

Global News

Lawmakers In Portugal Debate Two Marijuana Legalization Bills

Members of Portugal’s parliament debated two bills that would legalize marijuana on Thursday. Though the country’s Left Bloc and …

US Virgin Islands Governor Signs Medical Marijuana Bill Into Law

Gov. Albert Bryan Jr. signed the Medical Cannabis Patient Care Act into law Tuesday, making the territory the latest U.S. jurisdiction to adopt an …

European Legislators Set the Stage for the Multi-Billion Dollar Cannabis Industry

Guest post by Marguerite Arnold. Germany may have set the stage for EU movement on medical cannabislegalization two years ago, but now the rest …

Cannabis groups vow court over patents

Cannabis groups vow court over patents … “Despite Thailand having marijuana extract resources and local knowledge, people will end up having to …

Khiron Life Sciences Launches Latin American Medical Education Program With Events in …

Program launches with endorsement from one of Mexico’s leading medical … educate and discuss medical cannabis knowledge and developments.

US News

Mayor of Jamaica allegedly was growing marijuana at home

GUTHRIE COUNTY – Two people have been arrested in connection to allegedly growing an illegal marijuanaoperation. One of them is the mayor of …

What the Government Shutdown Means for Legal Hemp & Cannabis Protections

When President Trump put his signature on a new Farm Bill toward the end of 2018, a move that legalized industrial hemp production nationwide, the …

Cuomo Introduces Adult-Use Cannabis Legislation in New York

Processor licensees, on the other hand, will be permitted to extract and infuse cannabis to make cannabis products and package and label those …

Bend marijuana testing lab gives up license due to OLCC issues

A formerly Bend-based marijuana testing business has surrendered its lab licenses for its Bend and Eugene locations due to violations that focused …

Michigan Is Turning to the Black Market to Combat Cannabis Supply Shortages

All unlicensed cannabis businesses in Michigan were forced to close on December 31, leaving patients with few places to legally buy medical …

Michigan medical marijuana recalled for fourth time as officials encourage independent testing

All told, more than 48 pounds of medical marijuana has been recalled in the past two weeks, according to the Bureau of Marijuana Regulation.

New Florida Governor Pushes Back on Medical Marijuana Smoking Ban

Ron DeSantis, a Republican, said that he wants the medical marijuana … Either way, the ban on smoking medical marijuana in Florida is just about over. … include a cap on the number of business licenses allowed in the state and a …

State sues California man accused of stealing the identities of Alaska businesses

In this case, three of the businesses targeted were marijuana manufacturers, and as the new “owner” of the businesses, Webb was able to apply for a …

New Mexico Senator Thinks His Adult-Use Bill Stands a Chance

A New Mexico Democrat said he is “optimistic” that a finalized bill on adult-use cannabis will be introduced to the House of Representatives the week …

South Carolina Medical Cannabis Legislation Formally Introduced

The legislation would place medical cannabis control in the hands of physicians — at least one medical group, however, opposes the legislation.

West Virginia House Dems Push Recreational Marijuana as Bargaining Chip for Proposed Tax Repeal

WV Public
Taking a quick glance at Gov. Jim Justice’s legislative agenda, many onlookers are wondering how the budget will shape up by the end of session. With proposals for new spending…

Bill would change Arizona medical pot law to legalize extracts from plant

PHOENIX — A Peoria Republican lawmaker is moving to alter state law to ensure that edible forms of medical marijuana remain legally available to …

Affirmative Action Proposed for Medical Marijuana Licensing

Affirmative Action Proposed for Medical Marijuana Licensing … voted to legalize medical cannabis use in 1996, clashing with federal drug laws. (Photo …

RI governor to propose marijuana legalization as neighboring states launch programs: ‘Like it or …

PROVIDENCE — After resisting marijuana legalization for several years, Rhode Island Governor Gina Raimondo is ready to bring adult-use cannabis …

Connecticut legislators have introduced the first legal marijuana bill of 2019. Here’s what it would do.

More than 40 House Democrats have introduced Connecticut’s first marijuana legalization bill, laying out a plan for the state’s medical marijuana …

California News

Bureau of Cannabis Control Releases Updated Online License Search System

The Bureau of Cannabis Control (Bureau) today announced it has released an updated version of its online license search system. Industry …

Santa Cruz Mountains home explodes; hash oil lab suspected

The blast was believed to have been sparked during the use of butane to extract hash oil from cannabis. A large explosion and possible structure fire …

Legalization of marijuana off to sluggish start in Sonoma County

But one year after recreational sales of cannabis began in California, the prospect that marijuana’slegalization would fill tax coffers and tamp down the …

Shasta County cannabis dispensary reacts to new marijuana regulations

CITY OF SHASTA LAKE, Calif. — On Thursday, California lawmakers finalized a new set of permanent marijuana regulations for the state, offering .

Historic day: Cannabis dispensary opens in Lompoc, becoming first in Santa Barbara County

Leaf Dispensary, which offers a wide range of cannabis products, opened for business Friday morning at 423 W. Ocean Ave., formally ushering in a …

Canadian News

Harm reduction should drive all drug policy

When the Canadian government introduced legislation to legalize cannabis, the rationale was clear: Canada would abandon a model of prohibition in …

Shortage solutions: Alberta cannabis retailer shifts focus to accessories with opening of two new …

Fire & Flower’s two accessory stores are licensed municipally and allowed to operate as a business outside AGLC regulation until cannabis sales can …

Science News

Selecting a Cannabis Phenotype: How to Get the Best Version of Your Strain

Ever wonder why the same strain of cannabis can be slightly different, depending on which store you get it at? A gram of OG Kush from one grower …

New Yorker article about marijuana strikes nerve with pot researchers

In the article, Malcolm Gladwell drew connections between Washington’s legal marijuana and rates of violent crime in the state. Gladwell was also …