Daily Cannabis News Roundup | January 28, 2019

HighLights

The FDA’s Stance on Hemp-Derived CBD as a Dietary Supplement (Part 1)

Canna Law Blog
Since the 2014 Farm Bill passed, products containing cannabidiol (“CBD”) derived from hemp (“Hemp-CBD”) have become widely popular and available in a wide range of stores and online…

The FDA’s Stance on Hemp-Derived CBD as a Dietary Supplement (Part 2)

Canna Law Blog
This is the second installment in our series on the Food and Drug Administration (“FDA”) and hemp-derived CBD (“Hemp-CBD”)…

Owners of Sweet Leaf dispensary chain sentenced to a year in prison for illegal marijuana …

In a landmark case involving licensed Colorado marijuana retailers, the owners of the shuttered Sweat Leaf dispensary chain each were sentenced to …

Davos report: Europe could be world’s largest medical marijuana market in 5 years

Marijuana Business Daily
Europe’s three largest medical cannabis markets could double in size in 2019, making this a “transformative” year for the European market, according to a new report by United Kingdom-based analytics firm Prohibition Partners…

Market Watch
New Frontier Data, the authority in data analytics and business intelligence on the global cannabis industry, will hold a press conference to release its projections on the potential socio-economic impact of cannabis federal legalization in the United States…

Market Watch
Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Aphria, Inc. (“Aphria” or the “Company”) APHA, +3.17% and certain of its officers…

Stocks

US Marijuana Stocks Technical Analysis Chart 1/26/2019 by ChartGuys.com

Chart Guys
Recap: Technical analysis and fundamentals of cannabis stocks for January 26, 2019.

Bloomberg
The Ontario Securities Commission entered discussions with executives of Green Growth Brands Inc. ahead of the company’s formal takeover bid for Aphria Inc. (APHA.TO) which centered on potential conflicts of interest, sources familiar with the situation told BNN Bloomberg…

Market Watch
Piper Jaffray raised its stock price target on Canadian cannabis company Canopy Growth Corp. CGC, +9.66% WEED, +8.61% late Thursday and said the company is well positioned in the emerging and growing market…

Tilray Inc (TLRY) Insider Brendan Kennedy Sells 149,916 Shares

Fairfield Current
Tilray Inc (NASDAQ:TLRY) insider Brendan Kennedy sold 149,916 shares of the stock in a transaction that occurred on Thursday, January 24th…

Aurora Cannabis Inc (TSE:ACB) Next In Line To Experience The “Piper” Effect

Midas Letter
Could Aurora Cannabis Inc (TSE:ACB) (NYSE:ACB) (FRA:21P) be the next LP in line to experience the “Piper” effect? All signs point to this inevitability, which is great news for shareholders if recent moves in Canopy Growth are any indication…

News Wire
The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF) is pleased to announce, further to its news release on June 27, 2018, it has entered into a definitive Agreement…

News Wire
Organigram Holdings Inc. (TSX VENTURE: OGI) (OTCQX: OGRMF), the parent company of Organigram Inc. (the “Company” or “Organigram”), a leading licensed producer of cannabis, is pleased to announce its first quarter results for fiscal 2019…

Pot Network
Acreage Holdings (OTCMKTS:ACRGF) CEO Kevin Murphy told CNBC’s Karen Tso at the World Economic Forum at Davos that the U.S. would legalize cannabis this year through passage of the much-ballyhooed STATES Act…

Business Wire
LOS ANGELES–(BUSINESS WIRE)–MedMen Opportunity Fund, LP (the “Securityholder”), located at 10115 Jefferson Blvd, Culver City, CA 90232, announced today that it disposed of today, by way of distribution in accordance with its constating documents to the partners of the…

Trulieve Cannabis May Be in for a Rough Day Today

Motley Fool
Friday, Jan. 25, 2019, Trulieve Cannabis will see about 98 million shares unlocked, which represents roughly 89% of its outstanding shares…

New Age Beverages (NASDAQ:NBEV) Upgraded by ValuEngine to …

Fairfield Current
New Age Beverages (NASDAQ:NBEV) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research …

Is 22nd Century Group Inc (NYSEAMERICAN:XXII)’s Fuel Running Low? Reports Show More Sellers

It is positive, as 8 investors sold 22nd Century Group, Inc. shares while 16 reduced holdings. … Citigroup accumulated 35,466 shares or 0% of the stock. … “Marijuana stocks bounce back from long losing streak; Aurora Cannabis’ …

Business

Israel-Based OurCrowd, 7thirty Partner To Create $30M Cannabis Tech VC Fund

Israeli investment platform OurCrowd has partnered with the cannabis-focused early stage growth equity fund 7thirty to create a global cannabis …

LEHRER: It’s Time To Let Marijuana Companies Into The Banking System

Whatever the harms of marijuana use, America’s debate over legalization seems to have ended. Consider the facts: Some form of pot is now legal in …

US cannabis companies struggle to overcome marketing challenges

New York — US cannabis companies are racing to build national brands and market their wares to mainstream consumers. There is just one problem: …

Navigating environmental rules needn’t be messy for cannabis growers

Moreover, experts told Marijuana Business Magazine that investing in environmental improvements and efficiencies – even beyond those required by …

How to be a ethical consumer of cannabis

For many consumers in US states where cannabis is legal, consumption of the plant sits squarely in the realm of luxury. In Los Angeles, for example, …

Ex-NFL player Tiki Barber now invests in pot

So what attracted Barber to cannabis? He said in an interview with CNN Business that increasing evidence of how medical marijuana can help people …

Global News

AURORA JOINS FIGHT TO LEGALIZE CANNABIS IN FRANCE

Grizzle
Aurora Cannabis (TSX: ACB; NYSE: ACB) is among the major companies bidding to advance the case for medicinal cannabis reform in France…

‘Colombia of Europe’: How tiny Albania became the continent’s drug trafficking headquarters

Once, finding drugs bound for the rest of the Europe inside the boats trawling the sea was simple – just look for the huge bales of cannabis stashed in …

Israel Set To Green Light New Export Law, Bring Industry Home

The Middle East state is set to pass a law allowing exports of medicinal cannabis, the Finance Ministry said last week, as the county ramps up its …

In Indonesia, One Group Fights to Reform Zero-Tolerance Cannabis Laws

While many nations are moving toward an acceptance of legal cannabis, Indonesia continues to enforce some of the deadliest cannabis laws in the …

Khiron to Enter Uruguay Cannabis Market with $13.7 Million Acquisition

Khiron Life Sciences Signs Binding LOI to Acquire 100% of NettaGrowth, Securing the First Medical THC and CBD Cannabis Licence and Cultivation …

Tightly regulated framework likely for 2020 vote on cannabis

The 2020 referendum to legalise cannabis looks likely to propose a tightly regulated framework, including strict rules on supply and possession, …

US News

Who Will be the Winners and Losers When Federal Cannabis Prohibition Ends?

Green Entrepreneur 
Most analysts are predicting no longer whether, but when, cannabis will become federally legal for adult use in the United States, as it has in Canada, Uruguay and a few other countries…

Market Watch
Combined patient sales from the 35 licensed producers in New Mexico’s Medical Cannabis Program totaled $106 million in 2018, an increase of $19.6 million or 23 percent over reported annual revenue in 2017…

‘Green rush’: Medical marijuana could make these Missouri business owners rich

According to the Marijuana Policy Group study, some of the biggest economic winners besides the cannabis industry itself have been in warehousing, …

Florida Cannabis Market Is Getting Rid Of Vertical Integration

Vertical integration is a common term in the cannabis industry used to describe companies that facilitate multiple points in the supply chain, such as …

Lawmakers Race to Introduce Veterans’ Medical Marijuana Bills in New Congress

Lawmakers Race to Introduce Veterans’ Medical Marijuana Bills in New … cannabis, to include marijuana and cannabidiol — a component extract of …

Legalizing medical marijuana gets strong ‘no’ from SC Attny General, infuriating advocates

Proposed legislation has garnered bipartisan support, but there’s still strong … officials held a press conference to denounce medical cannabis.

New Jersey Will Allow Residents to Use Medical Marijuana to Treat Opioid Addiction

New Jersey residents in treatment for opioid addiction will now be allowed to use medical marijuana, Gov. Phil Murphy announced Wednesday, one of …

Dems promote pot legalization plan during North Side town hall: ‘This is coming’

“Prohibition simply does not work for cannabis,” said Steans, who told the Sun-Times that she and Cassidy hope to introduce their new legislation by …

Cannabis moving toward legalization, legitimization in WV (Daily Mail WV)

In August 2017, he opened Appalachian Cannabis in Cross Lanes, which sells products made from cannabidiol, or CBD, a non-hallucinogenic …

Latest bill to legalize marijuana gains momentum in Legislature

Recreational marijuana would become legal for people 21 or older in New Mexico and the state could tax marijuana sold in licensed stores under a …

Medical Cannabis Company Sues New Mexico Over Cannabis Sales Tax

Ultra Health, the largest cannabis producer in New Mexico, is suing the state to recover sales taxes that it claims are against New Mexico medical laws …

Nebraska Lawmakers Hear Powerful Testimony About Medical Marijuana Bill

Lawmakers in Nebraska’s unicameral legislature discussed a proposed medical marijuana legalization billon Friday, with experts offering testimony …

Washington regulators ponder new vaping rules that mimic alcohol, marijuana regulations

The Washington Liquor and Cannabis Board was given enforcement duties of the vaping industry by state lawmakers in 2016. That law prohibited …

Medical marijuana to be available to more Illinoisans under new program

A new pilot program that would make medical marijuana available to more people in Illinois is expected to begin next week. Former Gov.

Maine’s Cannabis Legalization Timeline Goes up in Smoke

PORTLAND, Maine (AP) — Maine marijuana lovers hoping to put the “bake” back in clambake this summer might be out of luck…

NH commission opposes marijuana legalization

The Governor’s Commission on Alcohol and Other Drugs weighed in on a bill that would legalize marijuana use by those ages 21 and older and tax it …

CCC issues 100th marijuana license

Marijuana regulators licensed the 100th recreational cannabis business in Massachusetts on Thursday and voted to move three retail stores closer to …

Cannabis advocates wary of Dunleavy’s Marijuana Control Board appointments

Alaska’s marijuana industry and its advocates are concerned about Gov. Mike Dunleavy’s appointment of two people to the Marijuana Control Board…

Governor signs order creating cannabis board advisory panel

WHEREAS, the people of the State of Nevada have declared both medical and retail marijuana (“cannabis”) legal under State law. The success of the …

California News

California Cannabis Labs Are Finding Toxic Metal in Vape Carts

Yes, the toxic, heavy metal “lead” (chemical symbol Pb) is showing up in lab tests of recreational cannabis products in California. Specifically, those …

Federal Court Dismisses RICO Suit Against Sonoma County Cannabis Cultivator

Canna Law Blog
For a while, criminal conspiracy lawsuits against cannabis operations looked like a potentially promising strategy for cannabis prohibitionists to try and use litigation to reverse the trend of legalization…

California startup plans to add facial recognition to marijuana dispensary kiosks

California startup greenbox Robotics has launched a self-service retail device it calls the world’s first intelligent kiosk for dispensing cannabis and CBD …

City cannabis chief warns businesses to be ‘unpredictable’ following robberies and burglaries

After two robberies of Sacramento cannabis companies in recent weeks, Joe Devlin, the city’s chief of cannabis policy and enforcement, encouraged …

Crop Infrastructure set to make 100000 infused cannabis cones at its Californiafarm

The company has made a cannabis retail application in Chula Vista, California, for its Emerald Height’s brand and is working with its local partners to …

High Style Brewing Company Launches ‘Coastal Haze,’ California’s First Alcohol-Removed …

“Getting to market has been quite the process, however, we want to thank the California Department of Health (CDPH) and Bureau of Cannabis …

A California marijuana company is spinning off its hemp and CBD business and is talking to …

Vertical, a California-based cannabis company, is spinning off its hemp and CBD business into a standalone entity so it can go public on a major US …

Calif. Proposes Changes To Cannabis Tax Regs

Law360 (January 25, 2019, 7:59 PM EST) — The California Department of … Proposed changes would clarify the definition of cannabis flowers, fresh …

Canadian News

Cannabis sales in New Brunswick fall far short of expectations — and other provinces

Cannabis NB is on track to miss its own projections for the first half-year of legal recreational cannabis sales by as much as 50 per cent. The Crown …

10 new cannabis retail licences issued in Alberta

Alberta has issued 10 new licences for retail cannabis shops, upsetting the owners of some existing ones. Retail stores have complained about …

Atlantic Canada Using the Most Legal Cannabis, Stats Show

Vice
It’s no secret that East Coasters love their weed—I mean if you ever interact with one for longer than two or three minutes you’ll probably hear it straight from the horse’s mouth…

Excessive edible cannabis packaging could be buzz kill: producers

“You’re going to see plastic containers piled up outside stores with people putting (edibles) all in one container.” A frequent knock on legal cannabis …

Gatineau joins call for changes to Quebec’s cannabis laws

The Coalition Avenir Québec introduced legislation last month to raise the legal cannabis age from 18 to 21 and ban smoking in public spaces.

Greater Sudbury police finding illegal cannabis products in convenience stores

Greater Sudbury Police say some stores in the city may be unaware that they are selling illegal cannabis products. It seems to be widely known that …

Dropping the hammer on illegal cannabis sales

That’s a common question around meeting tables and water coolers in Hamilton and other Ontario cities since legal marijuana laws came into effect.

Science News

Aleafia Health Study Indicates 45% of Patients End Benzodiazepine Use Following Medical …

The retrospective study, published in Cannabis and Cannabinoid Research, a peer-reviewed journal, is entitled “Reduction of Benzodiazepine Use in …

GC-MS Analysis of CBD and THC

The process of gas chromatography-mass spectrometry (GC-MS) requires extensive sample preparation. To do so, 500 µL of solution are transferred …