Daily Cannabis News Roundup | January 22, 2019

HighLights

H.R. 420: Proposed Federal Legislation to End Marijuana Prohibition

Canna Law Blog
On Wednesday, January 9, 2018, Representative Earl Blumenauer (D-Or) introduced the aptly designated H.R. 420, or the Regulate Marijuana like Alcohol Act. ..

Weedmaps’ Grip on the High-Flying California Pot Market

For nearly 22 years, medical marijuana had been legal to consume in California. But since the year began, anyone 21 or older could legally buy …

Stocks

TSX Down 35 Points on Broad Decline; Miners The Sole Gainer

The TSX is down 35 points this morning with all sectors bar miners (+0.16%) in the red. The biggest decliners are healthcare/cannabis stocks, which …

Cannabis stocks break their three-week winning streak, despite positive pot news in US

Pot stocks have broken their three-week winning streak, a somewhat ironic shift in sentiment given that last week was full of positives on the U.S. …

​What Lexaria Bioscience’s Milestone Deal with Altria Could Mean for the Cannabis Market

In December, the Altria Group decided the timing was right to enterthe growing global cannabis industry, making with bombshell investment of $1.8 …

Markets Insider
The joint venture between Canopy Growth Corporation (Canopy Growth) (TSX: WEED) (NYSE: CGC) and Beckley Canopy Therapeutics (Beckley Canopy) will be the exclusive distributor of Spectrum Cannabis medicinal…

A Plea to Aurora Cannabis: Stop Diluting Your Shareholders

Motley Fool
Last year, the marijuana industry broke through countless barriers. Having been viewed as a taboo industry previously, the legalization of recreational weed in Canada legitimatized cannabis as an…

Market Watch
Liberty Health Sciences Inc. (cse:LHS) (otcqx:LHSIF) www.libertyhealthsciences.com  (“Liberty” or the “Company”), a provider of high quality cannabis, is pleased to announce the appointment of Ian McKinnon and John Hick to its Board of Directors.

Class action against pot producer Organigram gets green light for trial

The cannabis company added that the lawsuit deals with the reimbursement of funds paid for the pot purchased in 2016 and it has already voluntarily …

High Times to Acquire Spannabis

21, 2019 (GLOBE NEWSWIRE) — Hightimes Holding Corp. (“Hightimes”), the parent company of High Times, the most well-known brand in Cannabis, …

Zenabis partners with PEI to supply the Island province with cannabis

Selling under Zenabis’ Namaste brand, the products will include dried flower, milled cannabis and pre-rolls. The company anticipates it will begin …

Parent company of PharmaCielo Colombia goes public on TSX

The Colombian medicinal cannabis company PharmaCielo Colombia Holdings S.A.S went public Friday on the Toronto Stock Exchange (TSX) …

 

Ignite International Brands Signs Binding Letter of Intent to Acquire Cannabis Extraction Company …

Premium Cannabis Investment Company, Ignite International Brands, Intends to … statements” under applicable Canadian securities legislation.

Market Watch
Valens GroWorks Corp. (cse:VGW) VGWCF, -0.97%  (the “Company” or “Valens”), a multi-licensed, vertically integrated provider of cannabis products and services focused on various proprietary extraction methodologies

The Preferred Way to Own Marijuana Stock

2019 has gotten off to a great start for marijuana stocks. After a tough 2018, investors are excited about new prospects for cannabis companies, …

Business

Cannabis retailers can’t bank like other businesses, so they are sending lobbyists to Capitol Hill

Imagine: Legal cannabis is a $10 billion industry doing every single transaction in cash. Cannabis businesses can’t bank like other businesses, …

Calculated risks and strategic game plans make PR in cannabis a creative challenge

When it comes to marketing and promotion in the cannabis industry, there’s a clear “before” and “after”. Before regulations were set in stone on Oct. 17, …

Global News

Greece Gears To Issue Multiple Cannabis Licenses As Gov’t Opens Doors To Growers

Greece Gears To Issue Multiple Cannabis Licenses As Gov’t Opens Doors To … Greece legalised cannabisfor medical use in 2017 and lifted a ban on … companies, with a pitch that its sunny uplands are the ‘European California’.

How Cannabis Legalization Became So Popular Amid Regressive Global Politics

What’s causing the shift in public consciousness that’s benefiting not just the cannabis industry, but also more broadly, the freedom of thought, …

US News

Illinois’ new governor touts legal marijuana, but will he remove roadblocks to expand medical pot?

With pro-marijuana J.B. Pritzker now in the Illinois governor’s mansion, all eyes are on his plan to legalize cannabis for recreational use. But even if …

Attorney General cautions Nebraska against legalizing medical marijuana

Attorney General Doug Peterson opposes plans to legalized medical marijuana in Nebraska. LINCOLN – Peterson accuses the marijuana industry of …

Chart: Illinois medical marijuana sales strong ahead of opioid-alternative program

Illinois’ medical marijuana program posted steady growth in 2018, pulling in $133 million in dispensary sales while increasing patient enrollment 66% …

California News

Marijuana is legal in California. So why is the CHP arresting delivery drivers?

That became clear on a September morning when a pair of former CHP officers who now run a licensed cannabis distribution business found ..

Oceanside growers look to get into medical marijuana business

His family’s business, Mellano & Co., has been farming in California since the 1920s, but his cannabisapplication is for a separate entity, Green …

Canadian News

Sask. woman sues province for medicinal cannabis coverage

Yashcheshen now uses medicinal cannabis to treat the inflammation, which she said could become life threatening. She primarily uses full extract …

Science News

Reefer Madness 2.0: What Marijuana Science Says, and Doesn’t Say

Arriving at that conclusion requires a host of scientific and statistical sins. But first, it’s worth stating that there really is some research linking cannabis …