Daily Cannabis News Roundup | February 4, 2019

HighLights

Business Insider
Democratic Sen. Cory Booker kicked off his 2020 campaign on Friday, and he called for the legalization of marijuana in his first radio interview after announcing his candidacy...

Boston Globe
Three people from California at Logan Airport, their suitcases stuffed with 150 pounds of pot. Twenty marijuana bags delivered to a Dorchester office. And three houses — in Braintree, Quincy, and Westford — empty save for dozens of cannabis plants.

Forbes
There’s a common perception that the cannabis business is the modern-day gold rush — that there’s plenty of money to be made by anyone willing to work hard enough...

Marijuana Business Daily
The World Health Organization (WHO) made great strides in its recommendations on how cannabis should be scheduled, but the global industry believes there’s more work to be done...

Vancouver Sun
Ken Tollstam, whose full name is Albert Kenneth Tollstam, and his firm, Tollstam & Company Chartered Accountants, were named with more than 50 individuals and companies in a November temporary cease-trading order from the B.C. Securities Commission. The order alleged participation in a multimillion-dollar scheme involving penny stocks for cryptocurrency, mining, alternative energy and cannabis companies.

New Cannabis Ventures
The Public Cannabis Company Revenue Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis stocks that generate industry sales of more than US$2.5 million per quarter...

Marijuana Venture
Walking into Diego Pellicer in Seattle is like entering the lobby of a high-end hotel: just past the perfectly manicured hedges and Victorian iron gates, shoppers are welcomed by crystal chandeliers, exquisite tile work, Roman-style columns and friendly staff.

Stocks

Market Watch
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests that they have only until February 4, 2019 to file lead plaintiff applications in a securities class action lawsuit against Aphria Inc. APHA, +10.07%...

CNBC
Canadian marijuana producer Canopy Growth has a chance to make billions in America if the crop becomes legal federally, CEO Bruce Linton told CNBC...

Benzinga
Citron Research’s Andrew Left isn’t getting greedy on a bullish cannabis call that has turned out to be a home run. Aphria Inc APHA 10.22% had a huge week on continued developments of a buyout by Green Growth Brands Inc GGBXF 8.91% , and Left said he is taking profits on his Aphria stake...

Seeking Alpha
The Canadian cannabis market along with global cannabis market remains one of the most difficult markets to analyze in history. The markets are replacing illicit activities via converting the cannabis industry into legal means...

Sedar
This Presentation contains forward-looking statements that relate to the Company’s current expectations and views of future events and should be read together with the more detailed information and financial data and statements available on the Company’s SEDAR profile at SEDAR.com.

Technical analysis for US cannabis stocks on Feb. 2, 2019.

Sedar
CANNAMERICA BRANDS CORP. ("CANA" or the "Company") (CSE: CANA) (OTCQB: CNNXF) announced that it has been requested by the OTC Markets Group, Inc. (“OTC Markets”) to comment on recent trading and promotional activity concerning its common shares.

News Wire
Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) today announced an update to its previously announced intention to acquire UK based AF Trading Ltd...

Global News Wire
ICC International Cannabis Corp. (CSE: WRLD.U)(FWB: 8K51)(OTC: KNHBF) ("ICC" or “International Cannabis” or the “Company”) is pleased to announce it has entered into an agreement to purchase 155 metric tonnes of processed industrial hemp from Eviana Health Corporation...

Market Watch
"Receiving GMP certification at an additional facility is a major milestone for Liberty Health Sciences and it demonstrates our commitment to producing the highest quality and safest products possible for our customers throughout the state of Florida,"...

Growth Op
But Origin House (CSE: OH), the self-described “home of premium cannabis brands”, is a Canadian company looking to get a piece of the (pot) pie by first focusing on America’s current largest legal market: California...

Cannabis Business World Wide
The Supreme Cannabis Company, Inc. has announced that its listed securities are expected to commence trading on the Toronto Stock Exchange on Monday (February 4)...

The London Free Press
With an eye on the lucrative market for cannabis-infused edibles, a London-based pot producer is tapping an American company to set up an extraction operation at its south-end facility.

Bloomberg
The Vancouver-based aggregator of cannabis industry brands, which trades on the Canadian Securities Exchange, announced early Friday it won this week's lottery for the POT symbol. Its current symbol is YOLO...

Investor Place
Until recently, it was tough to invest in marijuana stocks. The option was either to purchase securities on foreign exchanges — such as in Canada — or on the over-the-counter (OTC) markets. But as the marijuana market has gone mainstream, we have seen more companies list on major U.S. exchanges...

Seeking Alpha
Document Security Systems (DSS) presents a unique opportunity to participate in three high-growth business segments: anti-counterfeiting, blockchain, and cannabis, as well as IP licensing & monetization - all with one company...

Business

Bloomberg
Little illustrates the mania for cannabis investments better than the unprecedented demand over the stock symbol POT, but new recommendations from the World Health Organization suggest some of that frenzy may not be unwarranted.

Green Entrepreneur
The cannabis industry competes in a very crowded market that will only get more crowded as states like Missouri and Michigan join the fray in coming years. This presents a major challenge for cannabis companies and brands working to distinguish themselves...

Quartz
Scotts Miracle-Gro, the maker of home, lawn, and garden-care goods that traces its roots back to the 19th century, blamed disappointing quarterly earnings on the volatility of the cannabis market, on which it is increasingly dependent...

Growth Op
For years, people employed with the legal cannabis businesses have complained about a variety of missteps by upper management ranging from sexual harassment to doling out compensation in the form of weed rather than money...

Motley Fool
Although marijuana stocks delivered a subpar year in 2018, the cannabis movement as a whole didn't disappoint. Our neighbor to the north, Canada, wound up legalizing recreational marijuana, thereby ending nine decades of prohibition and opening the curtain to billions of dollars in added annual sales...

Business Insider
It's been a hot few weeks for investors looking to ride the upside of the marijuana wave. In January, marijuana VC piled into analytics startup Headset, California brand Caliva, and vape company Pax Labs, among other deals...

Forbes
Navigating the realm of zoning regulations for real estate and property development can be an extremely daunting task, and one that many owners, investors and developers can underestimate...

Bloomberg
The 2019 Lift & Co. Cannabis Business Conference and Expo was hosted January 10th to 13th in Vancouver by Lift & Co (TSXV: LIFT). It was an immersive and educational event unlike any other, highlighting hundreds of Canadian and international speakers and exhibitors who invested significant capital to grow visibility and recognition for their brands...

New Cannabis Ventures
Following a decline of 18.0% in December, the American Cannabis Operator Index more than recovered the losses with a 30.8% gain in January, ending at 101.09...

New Cannabis Ventures
Cannabis stocks, as measured by the Global Cannabis Stock Index, bounced back sharply from Q4 losses of 44.2%, rallying 44.2% in January to 92.33...

Blue and Green Tomorrow
Are you planning on starting a green business? There are a lot of ideas that eco-conscious people can consider. One option is to try starting a cannabis related company...

Global News

CBD Testers
It estimated that products based on CBD, one of the most prominent cannabinoids, injected €750 million to €1 billion into the European market in 2018, compared to a €200 million euro estimate last August reported by Bloomberg...

Kyiv Post
A petition calling for the legalization of the use of cannabis for medicinal reasons in Ukraine on the Verkhovna Rada website on Jan. 30 has already drawn 6,600 signatures and the support of Acting Health Minister Ulana Suprun...

Civilized
One of the last countries you'd expect to reform its marijuana laws just legalized medical cannabis. Earlier this week, the Philippines - which is notorious for taking a hardline approach to the War on Drugs - voted overwhelmingly to support medical marijuana...

The Sun
Cops discovered the 80 tightly wrapped bales of the resin, weighing three tons, on an isolated stretch after a boat got into trouble in bad weather...

NZ Herald
Type the word "cannabis" into the New Zealand business directory on the Companies Office website and you'll get a full three pages of businesses, most of them incorporated in the past two years...

Consultancy
In the next five years, Europe is set it become the world’s largest legal cannabis market. With a population of more than double that of the United States and Canada combined, the market is ripe, and the industry has grown more in the last year than the last six combined, according to a new report.

Forbes
Cannabis is still federally illegal, so while more than 30 US states allow doctors to recommend it, there is very little medical testing of the substance in America...

US News

City & State
Gov. Andrew Cuomo’s rapid conversion on marijuana legalization – from chief obstacle to chief advocate – has triggered a gold rush mentality among marijuana entrepreneurs, who are investing deeply in what could quickly become one of the world’s most important emerging markets...

Market Watch
Cresco Labs CL, +0.57% (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced that the Company’s FloraMedex dispensary launched Illinois’ Opioid Alternative Pilot Program...

Forbes
According to the cannabis delivery clearinghouse company Eaze.com, " consumers placed a cannabis order every 8 seconds in 2018. " This information can be found in Eaze's 2018 State of Cannabis Report...

Chaska Herald
Not many people might expect a Republican state senator from Carver County, one of the most conservative counties in Minnesota, to co-author legislation legalizing marijuana...

Boston.com
Maine health authorities have ordered that edible products containing the non-psychoactive chemical compound found in the cannabis plant must be removed from stores because the product is not a federally approved food additive...

Phoenix New Times
Arizona legislators are pushing for an end run around the Arizona Court of Appeals' controversial decision last year that declared medical-marijuana patients couldn't possess extracts like hash oil and wax.

Star Tribune
Because I was curious and because I could, I bought some cannabis the other day. Me and everybody else in Minnesota, it seems.

Bridge Michigan
Out of the darkness and into the light. That’s how Michigan marijuana proponents framed the state’s transition to legalized pot — a regulated system they promised would bring new tax revenues, expand access for medical patients and protect public safety...

Weed Maps
Business is booming at the nine cannabis dispensaries now open in Massachusetts after full adult-use legalization took effect in November 2018. Gross receipts for the first two months of operations hit $23.8 million among the nine functioning dispensaries...

Marijuana Business Daily
An attorney for an ancillary marijuana business was found guilty in connection with a $12.2 million securities fraud case involving FusionPharm, a Colorado company that refurbished steel shipping containers into cannabis growing pods...

KXLY
BOISE, Idaho (AP) - A company has filed a lawsuit against the Idaho State Police and Ada County after authorities seized nearly 7,000 pounds of cannabis from a truck headed to Colorado...

Marijuana Business Daily
A new study of the economics of Oregon’s recreational cannabis industry shows the state would nearly double its cannabis supply if regulators approved all pending producer applications, which could potentially strain an already glutted market..

Star Tribune
CHEYENNE — State lawmakers defeated another attempt at reforming Wyoming’s marijuana laws when legislators voted to kill a bill Thursday that would have eliminated felony-level possession in Wyoming for recreational users of the drug...

While over 250 Michigan municipalities have banned recreational pot shops from sprouting up in their neighborhoods, the state continues to enforce rigorous testing for existing marijuana provisioning centers...

Law.com
In 2016, 71 percent of voters in the state of Florida approved Amendment 2 to the State Constitution. Despite this, the state of Florida has sat at a crossroads in its efforts to implement medical marijuana statewide...

WV Gazette
Before a House committee passed a bill Thursday designed to fix banking issues with a looming medical marijuana program, lawmakers amended in language to stave off perceived threats from an “overzealous” federal prosecutor...

California News

Green Market Report
We write to correct numerous errors in the article, although the issues AB 286 seeks to address are real. A recent publication described California’s roll-out of cannabis regulation as maladroit...

Press Democrat
Nine cannabis businesses, including cultivators, manufacturers and distributors have opened up in Santa Rosa over the past three years, joining three longstanding dispensaries and contributing to about $930,000 ...

Guru Focus
Plus Products Inc. (CSE: PLUS) (PLPRF) (the “Company” or “PLUS™”) today announced that, according to BDS Analytics (bdsanalytics.com) retail sales data, during Q4 2018, PLUS again secured its position as the #1 best-selling cannabis-infused edibles brand in California and saw its lead over the #2 brand widen over the prior quarter...

Global News Wire
Nutritional High International Inc., (the “Company” or “Nutritional High”) (CSE:EAT) (OTCQB:SPLIF) (FRANKFURT:2NU) reports that effective February 1, 2019, the City of Sacramento Cannabis Policy & Enforcement (the “City”) has rescinded local authorization for cannabis manufacturing for Pasa Verde, LLC (“Pasa Verde”), a subsidiary of the Company...

Warrior Trading
NorCal Cannabis (NorCal), a vertically integrated retailer and cultivator, announced that they closed a Series A financing round would close to $27 million...

Santa Maria Times
Approximately 100 pounds of processed marijuana, along with approximately 76 pounds of marijuana oils/extract and approximately 60 pounds of suspected marijuana edibles that appeared to look like commonly consumed candy, were seized during a raid by the Santa Barbara...

US News
RIVERSIDE, CALIF. (AP) — Search warrants have been served at 10 inland Southern California marijuana dispensaries allegedly operating without licenses...

LA Weekly
Cannabis tourism is on the rise in California, and L.A. is leading the way. According to KushTourism.com, searches for cannabis tourism–related information were up nearly 300 percent in the last year...

Your Central Valley
A group has filed suit in Fresno Superior Court against the City Of Fresno, claiming that Measure P should be enacted because over 52% of all ballots cast were in favor of the proposal...

San Diego Union Tribune
The city of Chula Vista is refusing to release the names of people who applied to operate marijuana businesses in the county’s second-largest city, a decision that has drawn criticism from at least one member of the City Council...

Canadian News

Growth Op
Canada’s anticipated edible regulations may leave Canuck edibles up to 10 times weaker than their American counterparts...

The Star
Despite the persistent media buzz, there are no cannabis supply shortages in Canada, Brock University pot industry expert Michael Armstrong explains matter-of-factly.

Global News
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...

Financial Post
If Canada’s licensed cannabis producers continue ramping up production at their current exponential pace, there will be more than enough pot to meet the government’s projected demand by the end of 2019, predicts one cannabis researcher who conducted an analysis of the government’s most recent data...

CBC
The City of Vancouver is moving forward to crack down on more than two dozen illegal pot shops that are still open for business despite a B.C. Supreme Court order to cease operations.

Science News

PR News Wire
Kali-Extracts, Inc. (Kali, Inc. dba/Kali-Extracts, Inc.) (USOTC: KALY) ("KALY") today announced a preview presentation scheduled for next week, on Tuesday, February 5th, to be published on line by KALY CEO Fred Ferri with Professor Jeffry Osbourn, Ph.D., from the University of Kentucky...

IFL Science
Scientific studies have shown that medicinal cannabis can help relieve symptoms for a number of health conditions, from epilepsy to depression to chronic pain. Now, a study published in Scientific Reports is adding autism to the list...

Investing News
Innovations are changing how companies grow cannabis, from advancements in greenhouse technology to aeroponic grow operations, but to really produce superior cannabis strains companies are turning to a proven approach in the agricultural industry: tissue culture propagation...