Daily Cannabis News Roundup | January 30, 2019

HighLights

Market Watch
New Frontier Data, the authority in data analytics and business intelligence on the global cannabis industry today announced new economic data detailing the potential impact of federal cannabis regulation on key industry sectors in the United States…

Marijuana Moment
The chair of the House Judiciary Committee said on Tuesday that the key congressional panel may be taking up marijuana reform “fairly soon.”…

More ‘extinction events’ for CA cannabis companies: Q&A with consultant Jackie McGowan

The past 12 months have been a rough ride for the California marijuana industry, and many business owners are hoping for a comparatively dull 2019 …

Stocks

TOKERS & JOKERS | CANNABIS STOCKS TAKE A HIT

The Morning Blunt
Canna stocks were in hot water Tuesday with most US and Canadian cannabis companies in the red. Green Growth Brands (OTCMKTS: GGBXF) (CSE: GGB) announced today the appointment of Brian Logan CPA, as its new Chief Financial Officer…

Cronos Group Research Report

Market Wealth
Cronos Group Inc., formerly known as PharmaCan Capital Corp., is a principal investment firm. The firm seeks to
invest in companies either licensed, or actively seeking a license…

Bloomberg
The head of Canopy Growth Corp.’s retail operations has left the company just ​months after joining Canada’s largest pot producer, as it continues to roll out its cannabis retail operations across the country …

News Wire
Green Growth Brands, Inc. (CSE: GGB) (OTCQB: GGBXF) (GGB or the Company) is pleased to announce the appointment of Brian Logan, CPA, as its new Chief Financial Officer…

Marijuana Stocks Technical Analysis Chart 1/29/2019 by ChartGuys.com

Chart Guys
Recap: Technical analysis and fundamentals of cannabis stocks for January 29, 2019.

News Wire
The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX: TGOD) (US: TGODF) is pleased to announce that the Danish Medicines Agency, the Government body responsible for issuing cannabis related licenses…

Investors May Not Buy Warrants If KushCo’s CEO Keeps Selling Shares

Seeking Alpha
With shares trading at 4.33x forward sales and cannabis operators trading at more than 100x sales, KushCo (OTCQB:KSHB) seems a name to be studied closely…

Wall Street’s Favorite Cannabis Stock

Benzinga
There are 12 analysts covering cannabis pharma company GW Pharmaceuticals PLC GWPH 0.06%, and all but one (93 percent) have Buy ratings on the stock…

Eight Capital
This morning, OGI reported Q1/19 results (ended Nov/18). The stock has reacted positively in today’s session on what we believe is positive reception from the market on the Company’s reported revenue growth and gross margins…

News Wire
Harvest One Cannabis Inc. (“Harvest One” or the “Company”) (TSX-V: HVT; OTCQX: HRVOF), announces that its wholly-owned medical subsidiary Satipharm Ltd. (“Satipharm”) has launched European sales of its recently reformulated CBD capsules…

News Wire
Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQB: FLOOF) today announces a new licensing agreement and Brand Partnership for cannabis-product fulfillment in NevadaHUXTON …

Market Watch
Emerald Health Therapeutics, Inc. (“Emerald”) (EMH)(otcqx:EMHTF) today announced that its joint venture partner, San Diego-based Emerald Health Bioceuticals (“EHB”), has launched its award-winning Endo products in Whole Foods Markets…

News Wire
SLANG Worldwide Inc. (formerly, Fire Cannabis Inc.) (“SLANG” or the “Company”) is pleased to announce that today, January 29, 2019, the Company will commence trading on the Canadian Securities Exchange under the ticker symbol “SLNG”…

News Wire
Pure Global Cannabis Inc. (TSX.V:PURE;OTC: PRCNF; FRA:1QS) (the “Company” or “Pure Global”) an integrated, growth-oriented life sciences and consumer products cannabis company…

Cannara Biotech Reports First Quarter Results

News Wire
Cannara Biotech Inc. (“Cannara” or the “Company”) (CSE: LOVE), is building a vertically integrated Cannabis company focused on cannabis derivative products, today announced its financial results for the three-month period ended November 30, 2018

News Wire
Minorities for Medical Marijuana announced this week that Trulieve was being recognized as their 2018 Diversity and Inclusion Champion of the Year Award recipient…

News Wire
Alternate Health Corp., (“Alternate Health” or the “Company”) (CSE:AHG) (OTCQB:AHGIF), an international leader in technology solutions for the regulated cannabis industry, wishes to announce that it is undertaking a non-brokered private placement…

Business

Bloomberg
Large U.S. funds are exploring lending to Canadian cannabis companies as a way to gain expertise in the burgeoning market ahead of potential U.S. legalization, according to an investment banker who’s been holding weekly calls with the firms…

Market Watch
Following the 3-month anniversary of marijuana’s legalization in Canada, analysts and consumers alike are wondering what’s next for Canada’s marijuana retail landscape…

Your Cannabis Company Can Get a Bank Account but Not Easily

Difficulty accessing typical business banking services has plagued the cannabis industry since its inception. While cannabis remains a largely a …

News Wire
Insight Productions, one of Canada’s preeminent producers, and Civilized, a digital media company and pioneering cannabis lifestyle brand, today announced a partnership to develop diverse, new content for broadcast and digital platforms…

Move over, jewelry and leggings. Selling CBD oil is the new side hustle for moms

Seattle Times
Experts say the increasing popularity of the direct-selling industry could be part of the overall rise of the gig economy in the social media age…

Global News

In Mexico, Expectation Arises As The Cannabis Market Opens

MEXICO CITY — After almost two years since Mexico approved the use of medical marijuana, nearly 40 cannabis-based products are ready to be sold …

Malawi Looks to Cannabis to Supplement Lost Tobacco Earnings

Malawi is the latest African country to look at legalizing cannabis, the plant that produces hemp and marijuana, after similar moves in Lesotho, South …

US News

Baltimore Will No Longer Prosecute Marijuana Possession Cases

The state’s attorney says her office will no longer prosecute any marijuana possession cases, regardless of the quantity of the drug or an individual’s …

Q&A: Cannabis Trade Federation CEO Neal Levine on the future of federal marijuana legalization

He has since moved on to be named as the chief executive operator of the Cannabis Trade Federation, a non-profit group dedicated to educating the …

Hashing out the highs and lows of medical marijuana

(WEAR) — The medical marijuana industry is blazing. Touring the Trulieve grow and processing facilities in Quincy, Florida, we found out navigating …

 

New Mexico Lawsuit Sparks Marijuana Business Tax Debate

Paying business taxes is a key source of friction for many legal marijuana companies in the nation, particularly for companies that operate on a …

Bill proposed to decriminalize cannabis

Metro News
Members of the West Virginia House of Delegates are backing a bill to decriminalize marijuana, as well as allow counties to decide to authorize its production and sale…

Frustration, Few Timelines on Louisiana’s Medical Cannabis

As the state nears the four-year mark since creating the framework for dispensing therapeutic cannabis, the latest estimate for availability seems to be …

Take a sneak peek at Denver’s newest social marijuana club about to open on the ‘Green Mile’

Editor’s Note: ‘Our Colorado’ helps us all navigate the challenges related to growth while celebrating life in the state we love. To comment on this or …

State legislators lay out plans for recreational marijuana proposal

The State Journal Register
Marijuana “bars” would be prohibited, and teenagers caught driving under the influence of marijuana would lose their licenses, a Springfield audience was told Monday night by lawmakers crafting a bill to allow recreational use of cannabis in Illinois…

Rep. Blumenauer Is on a Mission to Make Marijuana Law ‘More Realistic’

Cheddar
Democratic Rep. Earl Blumenauer of Oregon is pushing forward for marijuana reform, introducing the aptly named House Resolution 420 to regulate marijuana much like alcohol was regulated post-Prohibition…

California News

California Cannabis Licenses Have More Than Doubled Since November

The state of California has a myriad of licenses that it offers to cannabis businesses. The licenses of choice during the recent issuance were for …

Lessons for 2019

Prop 64 has been the law for a full year now. What lies ahead for California cannabis? After a full year of adult-use legalization, many still see …

Carpinteria area residents fed up with the smell of cannabis production plan to speak up

CARPINTERIA, Calif. – Members of “Concerned Capinterians” say commerical cannabis production in Santa Barbara County is harming their quality of …

Times Standard
A local cannabis dispensary has heard from its distributors that cannabis testing labs are discovering evidence of lead contamination in small numbers of metallic oil vape cartridges…

Canadian News

BC Cannabis Accelerator Developing Small Producers and Processors Co-Op; Potential Members …

VANCOUVER, British Columbia, Jan. 29, 2019 (GLOBE NEWSWIRE) — Grow Tech Labs (GTL) Cannabis Business Accelerator, in partnership with …

National cannabis supply sees slight uptick

Globe & Mail
Legal marijuana supplies are on the rise across Canada, but distributors nationwide say stockpiles of legal pot remain well below the levels needed to meet demand…

Science News

Market Watch
Kanabo Research is proud to present the promising results of its pre-clinical trial, which brings the company one step closer to providing a safe remedy for insomnia and other sleep disorders, without the risk of dependency or the possibility of an overdose…