Daily Cannabis News Roundup | February 1, 2019

HighLights

Marijuana Business Daily
Member states of the United Nations Commission on Narcotic Drugs (CND) received the World Health Organization Expert Committee on Drug Dependence’s (ECDD) cannabis recommendations, which had been expected in December, Marijuana Business Daily has learned...

Business Insider
More people own shares of the Canadian cannabis producer Aurora Cannabis than Apple on Robinhood, a free trading app popular among millennial traders, highlighting the “green rush” into marijuana by younger investors...

Marijuana Business Daily
Longtime marijuana advocate Steve Fox has left the National Cannabis Industry Association, which he co-founded, to join the upstart Cannabis Trade Federation to promote federal MJ reform.

Grizzle
If you were fortunate enough to discover the Canadian cannabis industry in 2017 and bought shares in the index, you would be up 82%, outperforming the S&P 500 by 70% over the last two years...

Stocks

The Morning Blunt
Canna stocks had a strong Thursday with most US and Canadian cannabis companies climbing from yesterday’s gains.

Barron's
Two of Tilray’s top executives recorded stock sales last week, the first insider sales at the marijuana producer since it went public in July...

New Cannabis Ventures
Today, Tilray, Inc. (NASDAQ:TLRY), a global pioneer in cannabis production, research, cultivation and distribution, announces the expansion of its global senior leadership team with four strategic hires...

Yahoo Finance
Canadian cannabis company Weekend Unlimited, currently trading under the stock ticker symbol “YOLO” on the Canadian Stock Exchange, announced that it’s the winner in the lottery for the ticker POT...

Yahoo Finance
Speaking at the Cantech Investment Conference in Toronto, Canopy Growth Corp.’s (WEED.TO) Bruce Linton said he does not expect to see a “uniform federal application of access to THC voted on and passed in the U.S.”...

Marijuana Business Daily
The former chief financial officer of MedMen Enterprises filed suit against the California-based company this week, alleging top executives forced him to “choose between complying with his fiduciary duty to the company and its shareholders or turning a blind eye and a deaf ear to improper and unlawful behavior.”...

Bloomberg
Growth Brands Inc. is flexible and open to negotiations on its unsolicited takeover offer for Aphria Inc., though the two companies haven’t had a face-to-face conversation about the bid.

CNBC
Bruce Linton, Canopy Growth CEO, discusses the cannabis craze. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.

New Cannabis Ventures
Green Growth Brands, Inc. (CSE: GGB) (OTCQB: GGBXF) (GGB or the Company) announced that yesterday, January 30, it executed an arm’s length definitive agreement to acquire control of ZLJT LLC & Arizona Natural Pain Solutions Inc...

Bloomberg
Aphria Inc. shares have recovered all the losses that followed a short-seller attack in early December. The stock was trading at C$11.44, a gain of 14 percent, at 3 p.m. in Toronto...

New Cannabis Ventures
Organigram Holdings Inc. (TSX VENTURE: OGI) (OTCQX: OGRMF), the parent company of Organigram Inc. (the “Company” or “Organigram”), a leading licensed producer of cannabis has reached...

Simply Wall St.
We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. Unfortunately, there are also plenty of examples of share prices declining...

News Wire
Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company"), the market leader in whole-plant hemp extract products with naturally occurring cannabidiol ("CBD"), is pleased to announce that Stephen Lermer...

News Wire
High Tide Inc. ("High Tide" or the "Company") (CSE:HITI) (Frankfurt:2LY), an Alberta-based downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories...

News Wire
The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (TSXV: FIRE) (OTCQX: SPRWF) (FRA: 53S1) announced today that its listed securities are expected to commence trading on the Toronto Stock Echange (the "TSX") on February 4, 2019...

Growth Op
Organigram Holdings Inc., parent company of Organigram Inc., has announced it has signed a multi-year extraction contract with Valens GroWorks Corp.

iAnthus Capital Holdings, Inc. ("iAnthus" or the "Company"), (CSE: IAN, OTCQX: ITHUF) and MPX Bioceutical Corporation ("MPX") (CSE: MPX;OTC: MPXEF) jointly announce that the previously announced plan of arrangement...

Bharata Press
Albert D Mason Inc. bought a new stake in Trulieve Cannabis Corp (OTCMKTS:TCNNF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC)...

News Wire
Indiva Limited (the "Company" or "Indiva") (TSXV:NDVA.V) (US:NDVAF) has further solidified its commitment to the upcoming cannabis derivatives and edibles market by hiring Lucid Lab Group to design the Company's planned extraction facility...

Market Watch
CLS Holdings USA, Inc.'s (otcqb:CLSH),"CLS", Oasis dispensary is featured in the February 2019 edition of A&E Magazine as the "Best Dispensary for Pot Pros."...

AdvisorShares, one of the largest sponsors of actively managed exchange traded funds, is looking to bring a cannabis ETF to market. A recent filing with the Securities and Exchange Commission includes details about the AdvisorShares Pure Cannabis ETF...

Business

CNBC
Super-wealthy investors are making some changes to their portfolios for 2019.They are increasing their cash holdings and reducing their equity exposure...

Cannabis Business Times
The announcement of Altria Inc.’s $1.8-billion investment to acquire 45 percent of Cronos Group, as well as listing activity on the Canadian Securities Exchange (CSE) and consolidation transactions just since August, underscore the watershed impact of Constellation’s 2018 announcement of its $4-billion investment in Canopy Growth Corp...

Green Entrepreneur
The cannabis industry is seeing huge opportunity and creativity from an exciting and experimental new sub-market: edibles. From single-origin dark chocolate bars to energy drinks, the edibles market in the U.S. is positioned to expand the reach of the cannabis industry exponentially.

Marijuana Business Daily
The entrance of multinational pharmaceutical companies into Canada’s cannabis sector will mark one of the next major themes in the industry, analysts told Marijuana Business Daily....

CBC News
Shake-ups of who is selling cannabis in Saskatchewan shouldn't come as a surprise, according to Jason Childs. Childs, an associate professor of economics at the University of Regina, said it was predicted prior to legalization...

Global News

Green Market Report
European cannabis firms and investors enviously watching the rapid maturation of the multi-billion dollar North American industry may consider something both geographies have in common; the difficulty of getting banks onside...

DGAP
European Cannabis Giant Wayland is said to be in advanced talks to purchase and re-open the Voss Water bottling plant in Vanetstrom, Norway, shuttered late last year after being bought by Chinese-Thai giant CPG company Reignwood Group for 2 Billion NOK...

420 Intel
Russia's Health Ministry has expressed its interest in importing marijuana and hashish for research according to a draft bill that published earlier this ...

US News

Green Market Report
We highlight this proposed bill amongst the 100’s of bills being presented at state legislatures throughout the country because it’s passing could engender an avalanche of other bills in states around the country wanting to do the same thing and the precedent...

Marijuana Moment
If the end of alcohol prohibition is any indication, the states that are first to legalize marijuana will have a long-term advantage over late adopters. That’s the key conclusion of a new study published this week.

CBS Denver
Law enforcement agents are targeting as many as 50 locations across the Denver metro area Thursday, where illegal marijuana grow operations may be present...

NBC DFW
If you’ve been out at all recently, you’ve likely seen it advertised, CBD oil, a hemp-based substance that is the newest health craze, claiming to help everything from epilepsy to a sore elbow...

NY Post
One rationale for legalizing marijuana is that the move will put criminals out of business. After all, if you can walk into a nice, comfortable dispensary with good air conditioning and government-sanctioned weed on display...

NY Post
One rationale for legalizing marijuana is that the move will put criminals out of business. After all, if you can walk into a nice, comfortable dispensary with good air conditioning and government-sanctioned weed on display...

Gazette
A corporate lawyer was found guilty Wednesday of conspiring in a $12 million securities fraud scheme involving a Colorado company that sells hydroponic cannabis grow equipment...

Marijuana Business Daily
A dearth of comprehensive price and sales data and incorrect figures about marijuana commerce have sowed confusion among cannabis businesses ...

MLive.com
Two months of legal marijuana in Michigan has been met with bans on businesses by local governments in more than 250 communities, according to ...

WUSF
An appeals court Tuesday put on hold a case challenging the constitutionality of a ban on smoking medical marijuana, as Gov. Ron DeSantis pushes ...

NECN
After several years of starts and stops on legislative discussions of marijuana legalization in Vermont, there’s a new push in the Vermont Senate to regulate the legal sales of cannabis and cannabis products to any adult...

California News

PostBulletin.com
With state marijuana tax revenue projected to be at least 40 percent lower than what was first expected this fiscal year, Assemblyman Rob Bonta, ...

The Coast News Group
During last week’s Vista City Council meeting, Joseph Evans, an analytical chemist and chief technical officer of Trufoila (formerly Solana Lab Solutions), spoke in support of allowing testing labs as part of the city’s ordinance regulation medicinal marijuana operations...

KSBY
The City of San Luis Obispo received 12 applications for cannabis business licenses and permits. The deadline to apply was Tuesday. The San Luis Obispo City Manager, Derek Johnson, confirmed to KSBY on Wednesday that the city received nine applications..

My Valley News
Deputies from the Riverside County Sheriff's and the Temecula Police departments converged upon a Temecula business Thursday, Jan. 31, for an early morning raid...

Canadian News

Bloomberg
The Ontario cannabis retail regulator says private pot retailers will not be able to offer a click-and-collect service that would allow consumers to buy online and pick it up at the physical store...

Science News

Market Watch
Today MedPharm Holdings announced the successful formulation and development of micro-emulsified, cannabis infused, dissolvable thin strips “Melts,” powered with their proprietary Lipophilic Enhanced Absorption Formulation (LEAF) technology...

Marijuana Moment
Giving patients legal access to marijuana will influence a significant portion of them to use cannabis as an alternative to traditional pharmaceuticals, two more new studies have found...