Daily Cannabis News Roundup | January 31, 2019

HighLights

CNBC
George Papadopoulos, the first advisor to Donald Trump's presidential campaign to plead guilty in special counsel Robert Mueller's Russia probe, has landed a new role on the board of advisors at a pro-Trump medical marijuana company.

Los Angeles Times
Currently, very few banks and credit unions accept marijuana-related businesses as customers, even though they are legally allowed to, according to the U.S. Treasury’s Financial Crimes Enforcement Network...

Stocks

The Morning Blunt
Canna stocks bounced back Wednesday with most US and Canadian cannabis companies climbing from yesterday’s losses...

Press Oracle
Equities research analysts forecast that New Age Beverages Corp (NASDAQ:NBEV) will announce $14.06 million in sales for the current quarter, Zacks Investment Research reports...

News Wire
Dixie Brands Inc. ("Dixie") (CSE: DIXI.U), (Frankfurt: 0QV) one of the cannabis industry's leading consumer packaged goods ("CPG") companies, and Khiron Life Sciences Corp. ("Khiron") (TSXV: KHRN), (OTCQB: KHRNF)...

News Wire
CannaRoyalty Corp. d/b/a Origin House (CSE: OH) (OTCQX: ORHOF) ("Origin House" or the "Company"), a leading North American cannabis products and brands company, today announced that the...

Market Watch
Marijuana producer Hexo Corp. HEXO, +1.34% HEXO, -0.29% said Wednesday it has raised C$57.5 million ($43.3 million) through a stock sale. Hexo stock is up 0.4% in morning trading...

Market Realist
On November 27, GW Pharmaceuticals (GWPH) presented its fourth-quarter and fiscal 2018 financial results. GW Pharmaceuticals’ net revenues in fiscal 2018 were $12.74, which represents ~15.75% YoY (year-over-year) growth...

News Wire
High Tide Inc. ("High Tide" or the "Company") (CSE:HITI), an Alberta-based downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products...

News Wire
High Hampton Holdings Corp. (CSE: HC) (FSE: OCHN) ("the "Company") today announced that it has filed its Consolidated Unaudited Financial Statements for the quarter ended November 30, 2018...

Market Watch
Lexaria Bioscience Corp. LXRP, +7.86% ( LXRP Profile ) has benefited from recent investment by Altria to support its innovative research and design work...

Market Watch
Cannabis Strategic Ventures, Inc. NUGS, +0.00% today announces its plan to break ground on a 6-acre canopy cultivation site in Northern California...

Market Watch
Medical Marijuana, Inc. MJNA, +4.72% the first-ever publicly traded cannabis company in the United States, announced today that NFL veteran Bryan Barker...

Benzinga
Scotts Miracle-Gro Co SMG reported financial results for the first quarter of fiscal 2019 Wednesday, including revenue growth of 35 percent on the year, driven by a substantial uptick registered by the Hawthorne subsidiary that caters to cannabis growers.

Market Watch
The filing contains a ticker for the fund. If it's approved, the AdvisorShares Pure Cannabis ETF would trade on the New York Stock Exchange under the ticker “YOLO.”...

Midas Letter
It appears the exchange ratio spread between Green Growth Brands (GGB) and Aphria has broken down. Over the past three sessions, the sloppy tethering between both stocks has given way markedly...

Zacks
Cronos Group (CRON - Free Report) closed the most recent trading day at $18.15, moving -1.79% from the previous trading session. This change lagged the S&P 500's 0.15% loss on the day...

Fairfield Current OrganiGram (CVE:OGI) had its price objective upped by Pi Financial from C$8.00 to C$10.00 in a research report sent to investors on Tuesday...

Proactive Investors
Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) stock rocketed Tuesday amid a slew of positive drivers showing institutional investors were buying shares of the neuropsychiatric pharmaceutical company...

Analysts Buzz
Tilray (TLRY) stock managed performance 6.13% over the last week and switched with performance of 14.59% throughout past one month period. The stock price exposed a move of 16.15% so far this year ...

News Wire
Tetra Bio-Pharma Inc. ("Tetra" or the "Company"), a leader in cannabinoid-based drug discovery and development (TSXV: TBP) (OTCQB: TBPMF), today announced it has entered into a definitive ...

Business

CBS News
Here's some good news about the labor market: The cannabis industry is creating jobs at a rapid pace, a new study from employment site Glassdoor finds...

Financial Post
Canaccord Genuity Corp.’s Jamie Nagy says he now spends “120 per cent” of his time on cannabis deals — that’s in sharp contrast to just three years ago...

Fox Business
As more adults ditch their smoking habit, cigarette manufacturers are left looking elsewhere to maintain profits as sales decline...

The Globe and Mail
More than three dozen cannabis companies put their names in a lottery for the most desirable marijuana-themed stock ticker symbol, and one fortunate winner has emerged with POT luck...

High Times
With new lab testing requirements for cannabis products that went into effect in California at the beginning of this year, licensed manufacturers have new hurdles to clear to bring safe and compliant merchandise to market in 2019...

Global News

Huuriyet Daily Turkish venture firm TechnoArge has created an x-ray scanner for airports made with a cannabis-based composite that prevents radiation from spreading to the environment.

Boston Globe
The pot growth story has mostly focused on developments in Canada and the United States, but one broker says medical cannabis and wellness products are proving a bigger money spinner than it had expected in Europe...

US News

Crain's New York Business Legal marijuana would bring big changes to New York. The bill that Gov. Andrew Cuomo unveiled in his state budget proposal earlier this month...

Nuvo
In November 2018, Indiana Senate Democrats—led by Minority Leader Tim Lanane, D-Anderson, and Sen. Eddie Melton, D-Merrillville—unveiled their priorities for the new year, including legislation to legalize medical.

Lohud
Drastic changes to New York’s medical marijuana program are tucked into Gov. Andrew Cuomo’s plan to legalize recreational pot. From abolishing strict patient eligibility rules to permitting homegrown cannabis for medical use...

WZTV
Proposed Tennessee legislation seeks to decriminalize marijuana possession WZTV The two bills come just weeks after two Republican lawmakers announced they intend to lead a medical marijuana bill which would make it available ...

Desert News In Depth
After the Utah Legislature passed a law late last year that would legalize medical marijuana, Gov. Gary Herbert praised both sides of the issue for coming together to craft what he said was a model for other states to follow...

NPR Illinois
When talking about legalizing recreational cannabis in Illinois, the conversation has shifted from “if” to “when.” Still, many residents have questions and concerns about what such a program would mean for the state...

Marijuana Moment
Former U.S. Rep. John Delaney (D-MD) might not have the same level of name recognition as other Democrats running for their party’s 2020 presidential nomination, but what he does share with most other candidates is support for reforming federal marijuana laws...

Marijuana Moment
More than 50 bills to legalize marijuana have already been introduced in state legislatures across the country for 2019 sessions. These far-reaching pieces of legislation typically generate...

Newnan Times Herald
Legislators introducing a bill expanding access to medical cannabis in Georgia are still getting input from parents and others before writing the bill, according to State Sen. Matt Brass.

KDRV
An audit by the Oregon Secretary of State's office found that state regulators have failed to prevent cannabis from being diverted into the black market...

California News

A bill was introduced Monday in the California legislature that would give legal cannabis businesses a tax break to help them thrive and better compete with the underground market...

CBS San Francisco Local
The University of California at Berkeley has launched the Cannabis Research Center that will explore the impacts of cannabis production on the environment and society, UC officials said Tuesday...

LA Weekly
Testing delays are reminiscent of airport delays, in the way a cascade effect can start quickly once there is a backup, but instead of not making your next flight, your kush isn’t making it to the shelf...

Press Democrat
NorCal Cannabis, a Santa Rosa marijuana firm with cultivation, manufacturing and retail delivery operations, has raised $27.4 million in additional private equity funding, the company said Wednesday...

Canadian News

Market Watch
A day after Canada’s health agency released recreational cannabis sales data collected via the country’s tracking system, Canada’s minister for the Cannabis Act said Wednesday there is enough pot in the country to meet demand...

Global News
A privately-owned cannabis store in Newfoundland is closing, and the manager says supply issues are largely to blame...

Seeking Alpha
This is an analysis of cannabis sales data from the provinces of Canada. National cannabis retail sales data has been released for the months of October and November...

Science News

Benzinga
Flower dominates the cannabis market, but sales of concentrates, edibles and topicals are seeing impressive growth and quickly catching up. Sales of concentrates in Colorado, Oregon, California and Arizona amounted to $1.26 billion in the first nine months of 2018, according to BDS Analytics estimates.

Market Watch
OWC Pharmaceutical Research Corp. (otcqb:OWCP), a developer of cannabinoid-based therapies targeting a variety of different medical conditions and disorders, today reported positive Phase 1 safety data...