Daily Cannabis News Roundup | February 12, 2019

HighLights

Market Watch
New Frontier Data, the authority in data analytics and business intelligence on the global cannabis industry, with sponsorship from Hoban Law Group, Shi Farms and Mary's Nutritionals, releases a new, first-of-its-kind report, The Global State of Hemp: 2019 Industry Outlook...

Business Insider
Tuatara Capital, a New York City-based private equity fund founded by Wall Street veterans, is raising what could be one of the largest pools of capital dedicated to the booming marijuana industry...

Market Watch
Barneys New York, the luxury specialty retailer, today announced that it will open "The High End", making it the first major retailer to launch a luxury cannabis lifestyle and wellness concept shop. The High End will open in Barneys New York's Beverly Hills flagship in March, featuring an exclusive partnership with upscale cannabis company Beboe...

Marijuana Moment
Congressional Democratic leaders are circulating the text of a bill allowing marijuana businesses to store their profits in banks that they are considering passing this year. The document was released by the House Financial Services Committee ahead of a scheduled Wednesday hearing on the cannabis industry’s lack of access to banks...

Stocks

The Morning Blunt
US and Canadian cannabis stocks were largely down Monday in anticipation of Aurora’s quarterly earnings report. Last Friday Aphria Inc (NYSE: APHA) appointed Brett D. Marchand as the Senior Vice President of Supply Chain effective today...

CBC
Canada needs to crack down on a certain type of short selling because a growing number of bad apples are abusing the system for everyone, market watchers say. Short selling is an investment strategy that allows people to make money when they think the price of a stock is about to decline...

Fortune
The legalization of marijuana is proving to be a two-edged sword for cannabis startups: On the one hand, it means more revenue; on the other, it can involve higher taxes and other regulatory costs. The legalization of marijuana is proving to be a two-edged sword for cannabis startups: On the one hand, it means more revenue; on the other, it can involve higher taxes and other regulatory costs...

News Wire
One year since the launch of its 'One Tomorrow' transformation plan, Pyxus continues to successfully advance its strategic growth initiatives and reports strongest third quarter sales in four years. Pyxus International, Inc. (NYSE: PYX), a global value-added agricultural company, today announced results for its third fiscal quarter ended December 31, 2018...

The Real Deal
America’s biggest mall owner is seeing green. Soon after posting a record fourth quarter, Simon Property Group announced on Monday that it would be partnering with cannabis firm Green Growth Brands to open 108 shops in its malls this year...

News Wire
Aurora Cannabis Inc. ("Aurora" or "the Company") (NYSE: ACB) (TSX: ACB) (Frankfurt: 21P; WKN: A1C4WM) announced today that it has completed its first commercial export of cannabis oil to the United Kingdom (UK) and the product has been successfully dispensed from a pharmacy...

Market Watch
KushCo Holdings, Inc. (otcqb:KSHB) ("KushCo" or the "Company"), the parent company of innovative cannabis industry leaders such as Kush Supply Co., Kush Energy, The Hybrid Creative, and Koleto Innovations, today announced several changes to its executive leadership team...

NY Daily News
The company behind New York’s “Apple Store of weed” is getting shoved out of the state’s smoking circle. The New York Medical Cannabis Industry Association is cutting ties with MedMen amid accusations of racist and sexist remarks and financial corruption among its top executives...

Market Watch
Lineage Grow Company Ltd. ("Lineage") and FLRish, Inc. d/b/a Harborside ()Harborside"), a private company incorporated under the laws of California, are pleased to announce today that they have entered into a definitive merger agreement...

Market Watch
MariMed Inc. (otcqb:MRMD), one of the largest multi-state cannabis operators in the U.S., announced today that pursuant to its November 2018 agreement with GenCanna Global USA, Inc...

News Wire
Liht Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) or the "Company") is proud to announce that the Company has earned a third party certification from Envirocann which verifies that Best Management Practices (BMP's) are used to grow and process cannabis and ensures environmental stewardship and compliance to local and state regulations...

News Wire
Flower One Holdings Inc. ("Flower One" or the "Company") (CSE: FONE) (OTCQB: FLOOF) today announces that it has entered into a Master Lease Agreement (the "Agreement") with Reich Bros Commercial Finance, for up to US$30,000,000 in lease financing for certain equipment at its 455,000 square-foot greenhouse and production facility in North Las Vegas, Nevada...

Market Watch
WeedMD Inc. (TSX-V:WMD) (otcqx:WDDMF) (4WE) ("WeedMD" or the "Company"), a federally-licensed producer and distributor of medical-grade cannabis, is pleased to announce that it has completed its first shipment of medical cannabis products to Shoppers Drug Mart...

News Wire
TerrAscend Corp. (CSE: TER; OTCQX: TRSSF) ("TerrAscend") today announced the signing of definitive securities purchase agreements facilitating a significant investment in three entities in California operating the award-winning retail dispensary brand known as "The Apothecarium"..

News Wire
National cannabis company Trulieve Cannabis Corp. ("Trulieve" or the "Company") (CSE: TRUL) announced today that it has signed an agreement with Colorado-based Love's Oven, LLC ("Love's Oven") to bring their edible cannabis-infused baked goods, craft concentrates, and other products to Florida's growing patient base...

Market Exclusive
Supreme Cannabis Co. (TSX: FIRE) (OTCQX: SPRWF) has agreed to supply recreational cannabis to retailers in the provinces of New Brunswick and Saskatchewan. Under a supply agreement with the New Brunswick Liquor Corp., Supreme subsidiary 7ACRES will provide cannabis products to stores...

Midas Letter
Sean Dollinger, Co-Founder and Former CEO of Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) (FRA:M5BQ) discusses the circumstances of his termination by the company’s Board of Directors. Dollinger explains that his termination was the result of a special committee led...

Business

Law.com
For the past several years, as the movement to legalize marijuana spread across the country, Mark Gorman heard a familiar refrain emerging from advocates who are supporting measures to approve medical or recreational cannabis use...

Canna Law Blog
On February 1, it was reported that the World Health Organization (WHO) made some significant and long overdue recommendations with respect to cannabis...

Global News

Marijuana Business Daily
Despite supply challenges that have limited patient access, Uruguay has diverted roughly $22 million of cannabis sales away from the illicit sector and into the regulated market, according to a recent report by the country’s cannabis regulatory agency...

US News

Green Market Report
On Wednesday this week, Congress will hold a hearing on banking services for the cannabis industry. This is the first hearing to be held by the new Congress that will begin tackling the issue of banking for cannabis companies...

Cannabis Business Times
Kentucky Cannabis Company and Bluegrass Hemp Oil announce “Shauna’s Law,” a new bill just filed to protect employees in drug-free work environments with their utilization of hemp products...

Canna Law Blog
Last week, New York City’s Department of Health (“DOH”) quarantined a number of edible products that contained hemp-derived CBD (“Hemp-CBD”) and announced that Hemp-CBD would not be allowed in food products in the City...

California News

SF Chronicle
Two Bay Area pot retailers saw their owners strike deals with Canadian companies Monday, highlighting the financial edge Canada has gained in the marijuana industry since it became the first major economy to fully legalize cannabis in October...

Wired
ON FRIDAY, US senator Ron Wyden (D-Oregon) introduced legislation to legalize marijuana at the federal level—a bill called SR 420, of course. Thirty-three states and the District of Columbia have so far expanded access to weed in some form...

Canadian News

Market Watch
For those who take the risk of driving after consuming alcohol, cannabis and/or other drugs, there could well be no tomorrow. That is the hard-hitting and emotional message delivered in a new School Assembly Program from MADD Canada and generously supported by Manitoba Public Insurance (MPI)...

Science News