Daily Cannabis News Roundup | February 7, 2019

HighLights

Forbes
Titled, “Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses,” the hearing will take place on February 13 before a subcommittee of the House Financial Services Committee...

Marijuana Business Daily
Cannabis entrepreneurs say they’re facing jail time and hefty legal fees because of the plant’s complicated biology, with the vaunted 2018 Farm Bill only muddling the picture for interstate commerce...

Market Watch
The rapid rise of marijuana legalization has created what some people call a bubble for marijuana stocks. It’s reminiscent of the dot-com craze in 1999. An even more apt analogy might...

Cannabis Market Cap
Gain access to cannabis company stock prices, market caps, charts, and much more with just a few clicks. Explore the potential of over a hundred companies, including well-known businesses like Canopy Growth, Tilray, Aurora Cannabis, and GW Pharmaceuticals...

Stocks

The Morning Blunt
Canna stocks had a tough Wednesday, with most US and Canadian cannabis companies falling into the red. Aphria Inc (NYSE: APHA) contemptuously rejected Green Growth Brands (OTCMKTS: GGBXF) (CSE: GGB) hostile takeover today...

Bloomberg
The chairman of Aphria Inc. (APHA) said Green Growth Brands Inc.’s unsolicited all-stock takeover offer significantly undervalues the Canadian pot company, adding that it’s leaving the door open to other potential suitors...

Market Realist
The crackdown on edible CBD products isn’t restricted to New York City. Health officials in Maine and Ohio are also asking eateries and retailers to remove CBD-infused edible products from their offerings...

Nasdaq
Canada's main stock market posted mild gains on Wednesday, falling well short of the levels reached in the first two trading session of the week. The S&P/TSX Composite Index added 9 points or 0.1% to close at 15,712...

Market Watch
Today, Tilray, Inc. TLRY, -6.15% a global pioneer in cannabis production, research, cultivation and distribution, announces the expansion of its global senior leadership team with the appointment of Sascha Mielcarek as Managing Director, Europe...

Bloomberg
“We do not know who the eventual cannabis category winners may be,” writes Lavery. “We expect consolidation over time and believe Canopy’s $4 billion war chest of cash and Tilray’s relationship with US operator Privateer likely help position both for success in the US.”...

Seeking Alpha
Aurora Cannabis (ACB) pioneered the approach of vertical integration in the cannabis space by making direct equity investments in a number of companies along the cannabis value chain...

News Wire
Khiron Life Sciences Corp. ("Khiron" or the "Company") (TSXV: KHRN), (OTCQB: KHRNF), (Frankfurt: A2JMZC) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp...

News Wire
THC BioMed Intl Ltd. (CSE: THC) ("THC", "THC BioMed" or the "Company") is pleased to announce that it has graduated to the OTCQX Best Market. "Upgrading to the OTCQX Best Market from the OTCQB Venture Market is important for THC BioMed...

PR News Wire
Australis Capital Inc. (CSE: AUSA OTC: AUSAF) ("Australis" or the "Company") is pleased to announce that the Company's common shares have commenced trading on the OTCQB® Venture Market under the ticker symbol "AUSAF"...

Zacks
With the marijuana industry poised for rapid growth on increasing legalization, AdvisorShares, one of the largest sponsors of actively managed ETFs, is looking to jump into the space to tap the ongoing boom...

Seeking Alpha
Wayland Group (OTCQB:MRRCF) announced its earnings for the three months ended on September 30, 2018, a little while back. However, we haven't had a chance to cover this stock since our initial article...

News Wire
Dixie Brands Inc. ("Dixie" or "the Company") (CSE: DIXI.U), (Frankfurt: 0QV), one of the cannabis industry's leading consumer packaged goods companies, has announced plans to bring its line of edibles and other THC-infused products to Michigan through a joint venture with Choice Labs...

News Wire
PharmaCielo Ltd. ("PharmaCielo" or the "Company") (TSXV:PCLO), the Canadian parent of Colombia's premier cultivator and producer of medicinal-grade cannabis oil, PharmaCielo Colombia Holdings S.A.S., announced today that its Colombian subsidiary...

News Wire
Liht Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) or the "Company") is pleased to announce the Company has entered into a joint venture agreement (the "JV Agreement") dated January 30, 2019 with 1186626 B.C. Ltd., a private British Columbia corporation...

Business Wire
NanoSphere Health Sciences Inc. (CSE: NSHS) (OTC: NSHSF) (“NanoSphere” or “the Company”) has for the first time received an order to export its patented Evolve Formulas CBD Hemp transdermal NanoSerum...

News Wire
FSD Pharma Inc. (CSE: HUGE) (OTCQB: FSDDF) (FRA: 0K9) ("FSD" or the "Company"), announced that its Board of Directors has concluded a strategic assessment of the Company and has implemented changes in leadership and business practices to optimize operations...

Growth Op
Dr. Graham Merry, Aleafia Health Inc.’s first-ever product data science fellow, will lead the company’s ongoing medical cannabis research efforts into the development of evidence-based, proprietary treatment methods and products for chronic illnesses...

Market Watch
Wayland Group (frankfurt:75M) (otcqb:MRRCF) ("Wayland" or the "Company") is pleased to announce that it has received both Good Manufacturing Practices and Good Distribution Practices certifications from the national authority in the State of Saxony for the Company's Ebersbach facility in Germany...

CanTech Letter
The just completed acquisition of MPX Bioceutical puts iAnthus Capital Holdings (iAnthus Capital Holdings Stock Quote, Chart CSX:IAN) in some rare company, says Beacon Securities analyst Russell Stanley says...

Business

The Stranger
There’s a new report out today that predicts the Canadian market for cannabis will be worth $5 billion by 2021. That may seem like a lot of joints but it’s actually a shockingly small amount of joints when I introduce you to a second number: $43 billion. That’s how much the stock market values the ten largest pot companies in Canada...

Lexology
One question that arises regularly is whether medicinal cannabis firms are subject to HIPAA, the federal Health Insurance Portability and Accountability Act of 1996, which is the primary set of laws and regulations applicable to the privacy and security of patient information...

Equities.com
The cannabis industry has been one of the biggest standout markets in the last few years. It has witnessed massive developments, including a rapid rise in the number of states that have legalized the use of at least one of its products in the U.S...

Bloomberg
Canada’s legal cannabis industry continues to undergo “teething pains” in the early days of legalization as analysts at the Bank of Nova Scotia lowered their pot sales expectations this year citing “temporary logistics issues.”...

Cannabis Business Times
Noncompliance with employment law is one of the biggest legal pitfalls cannabis business can face, according to Maria Denzin, owner of MJ HR Strategic Solutions, a cannabis-focused HR consulting company...

Green Entrepreneur
The global market for the overall cannabis sector is poised for exponential growth. What was, as of 2016, a $9 billion industry is expected to achieve a compound annual growth rate of 34.6 percent, reaching $146 billion by 2025...

Global News

Daily Mail
Canadian-based company Asterion Cannabis has announced, via its wholly-owned Australian subsidiary, plans to invest at least $10 million into their new project in rural Queensland...

Greek Reporter
Greece is aiming to create new business opportunities in the new cannabis market generated after the passage of new laws which legalize the use of medical cannabis and the production of industrial cannabis...

Business Insider
There are 56 people in South Africa who have been granted special dispensation to import and use medicines containing cannabis, the SA Health Products Regulatory Authority (Sahpra) says...

Wired
In November last year, home secretary Sajid Javid introduced legislation which made it possible for people to legally access cannabis for medical reasons...

US News

Marijuana Moment
Maryland lawmakers filed bills filed this week that would make the state the latest to legalize marijuana. Adults 21 and older would be allowed to possess, consume, grow and purchase cannabis under the legislation...

11 Alive
A bill to decriminalize marijuana statewide was scheduled for a Georgia Senate subcommittee hearing Wednesday...

Public Radio From UA Little Rock
Final approval has been given to 32 Arkansas businesses to sell medical marijuana. State officials say the drug could be available to people with qualifying conditions by April...

ABC News
Four proposed bills seek to expand the legalization of medical marijuana in Texas. Currently, the only marijuana legalization law in Texas is the Texas Compassionate Use Act...

Click Orlando
For the first time ever, Florida has a director of cannabis who will oversee the state's rules and vision for medical marijuana. On Wednesday, Commissioner of Agriculture Nikki Fried appointed Holly Bell to the role. Fried said this appointment is just part of a new chapter for the state...

KWCH
A bill to legalize medical marijuana was proposed in the Kansas House on Wednesday. House bill No. 2163, also known as the veterans first medical cannabis act, would provide registration for patients, licenses for medical marijuana growers and distributors and medical marijuana dispensaries...

California News

Marijuana Moment
Most California voters feel that legalizing marijuana has been “good” for the state. In fact, the state’s legal cannabis system is more popular among voters than Sen. Kamala Harris (D-CA), Gov. Gavin Newsom (D) or the state legislature. That’s according to a new poll released on Wednesday by Quinnipiac University...

The Tribune
As the California marijuana industry shifts into the recreational use market from its recently expired medical marijuana laws, local cannabis business owners say they want to keep a stake in the game — but stiff competition for permits, compliance hurdles and out-of-town competition continue to pose challenges...

South Tahoe Now
Analogies of touchdowns and goals were given to today's approval of a cannabis ordinance for South Lake Tahoe, the culmination of many months of meetings, discussion, disagreements and committee work...

Business Wire
MJIC, Inc. (“MJIC” or the “Company”), California’s leading provider of fully licensed cannabis wholesale distribution, retail, compliance and supply chain solutions, announced today the acquisition of MyJane...

KRON 4
The combination of cash and a cash crop seems to be a very tempting target for some thieves, especially when they can have their victims delivered to them...

Green Market Report
Guidance – Micro-business – Multi-License – CDTFA has published a new notice that provides new guidance to the holders of multiple cannabis licenses with respect to the calculation of Cannabis Excise Tax [CET”]...

Canadian News

Toronto Sun
A 15-day public notice period is underway for three proposed cannabis retail outlets in the Golden Horseshoe, including one proposed for the posh Yorkville area of Toronto...

CBC
Ex-management of a Winnipeg-based cannabis producer hired a broker to buy what turned out to be illegal product and led Health Canada to pull the company's sale licence, a third-party investigator says...

Science News

WTAJ
Can chemicals found in marijuana help fight colon cancer? Researchers at the Penn State College of Medicine researchers say some cannabinoid compounds may actually inhibit the growth of colon cancer cells in the lab...

How Stuff Works
Not a lot of legitimate scientific research involves growing marijuana plants in a garage, but that's what it took for William Vizuete, associate professor of environmental sciences and engineering at the Gillings School of Global Public Health at the University of North Carolina...