Daily Cannabis News Roundup | February 18 2019

HighLights

Marijuana Moment
President Trump said during his 2016 election campaign that he supports the right of states to legalize marijuana and that he personally supports medical cannabis. But in signing a federal spending bill into law on Friday...

Marijuana Moment
The 2018 Farm Bill included language federally legalizing hemp, and the authors of that provision told the U.S. Department of Agriculture (USDA) in a letter this week that such policies must be implemented “expeditiously” and “as Congress intended.”...

Politico
States are facing a new danger as legal marijuana spreads across the country: Explosions and fires at cannabis factories are sending workers to the hospital with severe burns, revealing the nascent industry's lack of proper safety standards...

Barron's
Beth Stavola feared she’d made a terrible investment mistake. After having twins, the New Jersey mother of five took a break from her Wall Street career. In 2012, she heard of a business for sale in a small Arizona town. A visit impressed her enough to convince her husband that they should put about $1 million...

Globe and Mail
The company was called Cooltech, then Cool Holdings. But the experience of investors who followed the lead of two prominent Canadian cannabis investors and bought the rapidly rising shares of a small U.S. technology retailer has been profoundly uncool...

Stocks

CBC
Cannabis company Aphria Inc. says a review of recent transactions that a short seller cast doubt on has found the company paid a high price for the assets in question, and certain company directors had "conflicting interests" in the deals that weren't disclosed at the time...

The Street
Gauging Canadian Marijuana LP's off of current earnings results is a fool's errand. So much capital has been put into attempts to ramp up production, while the benefits of that production have yet to materialize...

Bloomberg
In the fast-paced world of cannabis, it turns out you’ve got to spend a lot of money to make some cash. That’s been evident in the past week when Canada’s two biggest cannabis companies reported their quarterly results. Both Aurora Cannabis Inc. () and Canopy Growth Corp...

Marijuana Business Daily
The first “saleable” harvest from Canadian cannabis giant Aurora’s Nordic 1 facility in Denmark is expected to be ready by the end of first quarter 2019, the company disclosed in a regulatory filing released alongside its quarterly earnings this week...

CTV News
Canopy Growth Corp. expects to have CBD products in the U.S. where permissible as early as the fourth-quarter, but says the related hemp-production facilities it has in the works can easily switch to cannabis if and when it becomes federally legal south of the border...

Bloomberg
Canopy Growth Corp.’s () founder and co-chief executive said he won’t let his team invest in other cannabis companies to avoid the risk of bad optics when M&A opportunities...

Benzinga
The cannabis industry reached another investment milestone when Standards & Poors announced Thursday that it will add the cannabis REIT Innovative Industrial Properties IIPR 7.17% to its 600 SmallCap Index next week...

Zacks
Marijuana stocks and related ETFs, like the pure-play marijuana ETF ETFMG Alternative Harvest ETF (MJ - Free Report) , caught enough investors’ attention last year, courtesy of its mysterious rally in mid-2018 on Canada’s legalization of recreational marijuana in October...

Market Watch
HEXO Corp. ("HEXO" or the "Company") (TSX: HEXO; NYSE-A: HEXO) is pleased to announce it has entered into a syndicated credit facility with Canadian Imperial Bank of Commerce ("CIBC"), as Sole Bookrunner, Co-Lead Arranger...

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 Company has signed a memorandum of understanding...

Biz Journals
MedMen has made a name for itself opening dispensaries throughout the country, but pending lawsuits could hurt the cannabis company’s chances of moving forward in Boston...

Grizzle
After successfully listing the company’s common shares on the Toronto Stock Exchange earlier this month, The Supreme Cannabis Company (TSX: FIRE; OTCQX: SPRWF) has now released a Q2 2019 financial summary...

News Wire
SLANG Worldwide (CNSX: SLNG) ("SLANG"), a global cannabis consumer packaged goods company, and Trulieve Cannabis (OTC: TCNNF & CNSX: TRUL) ("Trulieve"), a Florida-based national cannabis company, are pleased to announce a new strategic partnership to offer cannabis patients in Florida access to leading cannabis brands in Trulieve's...

News Wire
Organigram Holdings Inc. (TSX VENTURE: OGI) (OTCQX: OGRMF), the parent company of Organigram Inc. (the "Company" or "Organigram"), a leading licensed producer of cannabis, is pleased to announce the release of an immersive 360-degree virtual facility experience, highlighting innovative indoor production practices at its Moncton, New Brunswick campus...

Market Watch
OTC Markets Group Inc. (otcqx:OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced that Curaleaf Holdings, Inc. (OTCQX: CURLF)("Curaleaf"), the largest vertically integrated cannabis operator in the United States, has qualified to trade on the OTCQX® Best Market...

Market Watch
Acreage Holdings, Inc. ("Acreage") (otcqx:ACRGF) (0VZ) will announce results for the fourth quarter and full year fiscal 2018 after the market closes on March 12th, 2019. A conference call to discuss the results will be held on March 13th, 2019 at 8:00 a.m. Eastern Time...

News Wire
Village Farms International, Inc. ("Village Farms" or the "Company") (TSX:VFF; OTCQX: VFFIF) today announced that its common shares have been approved for listing on the Nasdaq Capital Market under the symbol "VFF"...

News Wire
Ascent Industries Corp. (CSE: ASNT) ("Ascent" or the "Company") wishes to advise that Sweet Cannabis ("SC"), the Company's wholly-owned subsidiary operating in Las Vegas, Nevada has received notice from Clark County's Department of Business License...

Biz Journals
A Tempe, Ariz.-based medical marijuana company is breaking into the Florida market with a metro Orlando location. On Feb. 12, Harvest Health & Recreation Inc. opened its 1,344-square-foot location at 4967 West Irlo Bronson Highway in Kissimmee...

Bloomberg
The world’s biggest lighting company has been selling equipment to the horticultural industry for decades, building up its business outfitting greenhouses to grow plants like tomatoes, lettuce and roses. Lately, demand for a new crop has exploded onto the scene: Pot...

Tetra Bio-Pharma
Tetra Natural Heath, a subsidiary of Tetra Bio-Pharma (TSX VENTURE: TBP) (OTCQB: TBPMF), announces that Hemp Energy Drink cans are now available in 59 grocery stores and convenience stores in British Columbia, Alberta, and Saskatchewan...

Business

Business Insider
Venture capital funds focused on startups in the rapidly growing cannabis industry are raising boatloads of capital, and Altitude Investment Management is no exception...

Barron's
The biggest pension fund in the U.S. has increased its exposure to marijuana stocks. Barron’s has reported that although the California Public Employees’ Retirement System, commonly known as Calpers, has a ban on investing in tobacco stocks...

Benzinga
The North American cannabis sector experienced a decline in the frequency and sum of capital raised over the first five weeks of 2019 versus the same time period in 2018 according to Viridian Capital Advisors data reported by Marijuana Business Daily...

Forbes
Cannabis is rapidly becoming a global financial concern as nations ranging from the U.S. to Canada to Colombia to Israel — to name just a few — are actively discussing how to best partner up and get in on this economic juggernaut...

New Haven Register
Despite federal limitations, businesses in the cannabis industry often have important intellectual property assets, beginning with branding the company has established through marketing, but also patents, trade secrets and proprietary processes and technologies used to produce products...

Investing News
He who controls supply, controls the market. Employing cost-effective, scalable cannabis cultivation strategies will help cannabis growers gain a bigger market position. The global cannabis market could be worth $194 billion by 2025, according to a BMO report, as both recreational and medical demand...

Marijuana Business Daily
U.S.-based cannabis multistate operators (MSOs) – both public and private – have hit the ground running in 2019 as they race to gain market share and establish a dominant brand...

Global News

The Jerusalem Post
They might not realize it, but medical cannabis researchers, farmers, manufacturers and users are all indebted to an Israeli scientist and his modest laboratory at Rehovot’s Weizmann Institute of Science...

Green Market Report
The European Union has taken a big step towards creating a formalized set of laws for governing medicinal cannabis within the bloc. Members of the European Parliament’s health committee on Tuesday adopted a resolution...

Green Market Report
A landmark moment for the UK’s cannabis industry occurred this week when the first bulk shipments of marijuana were imported into Britain since legislation changed in November...

BBC
Medicinal cannabis was legalised last year but so far, virtually no-one in the UK has been able to access it. Now, enough cannabis to treat 30 patients for a month has arrived in the UK from the Netherlands. Four patients with prescriptions, all to treat chronic pain...

Buenos Aires Times
Argentina recently stepped into the game, with the help of private partners, to encourage cannabis as a rising “regional economic” model, one whose growth could quickly surpass lemon or blueberry production in the country...

Daily Mail
Only six patients have been given medicinal cannabis since it was legalised last November – and all on private prescriptions, a professor has claimed...

Korea Biz Wire
South Korea will allow imports of medical cannabis starting next month, health authorities said Tuesday, as part of efforts to provide more treatment options for patients with rare diseases....

ICBC
The European cannabis market experienced three major developments during the first two weeks of February. Just one of these milestones would be rather significant, but combined together, and with so many previous advancements, they further demonstrate the strong...

US News

Biz Journal
Medical marijuana has grown into a nearly $6 billion industry in Florida for the first nine months of 2018 alone, based on the amount of product ordered...

Times Leader
Pennsylvania’s medical marijuana program has helped 83,000 Pennsylvanians access the drug, which was dispensed nearly 600,000 times at approved dispensaries across the state...

Green Market Report
Multiple news outlets have reported that Gov. Phil Murphy and state legislative leaders had reached an agreement with regards to legalizing adult use cannabis in the state of New Jersey...

News Star
Louisiana patients who have been waiting years to access medical marijuana legalized in 2015 may have to wait longer as the LSU AgCenter and its grower continue to face regulatory hurdles from the Louisiana Department of Agriculture...

LMT Online
Using medical marijuana to help cure opioid addiction may seem counterintuitive. But a growing number of physicians and patient advocates say marijuana should be added to the list of traditional treatment options...

Mondaq
On December 11, 2018, Congress took an initial step toward legalizing cannabis1 and to resolve—at least in part—the conflicting federal and state laws governing this product.2 The Agriculture Improvement Act of 2018...

Seven Days Vermont
By a 4-1 vote Friday morning, the Vermont Senate Judiciary Committee backed a bill to create a regulated retail cannabis market in the state. The legislation, which will move to the Senate Finance and Appropriations committees before consideration by the full Senate...

West Virginia Gazette
The West Virginia House of Delegates passed a bill Friday that aims to patch up a financial hole in the state’s medical marijuana program, which is set to launch this summer. House Bill 2538 fills a void created when vendors informed the State Treasurer’s Office last year...

Marijuana Moment
In lockstep with a growing number of legislators across the country, Republican state lawmakers in New Mexico want recreational marijuana to be legally sold in stores, but with a unique big-government twist...

The Columbian
Since starting Fairwinds, a Vancouver-based cannabis company, in 2014, James and Wendy Hull said they’ve heard from customers who’ve praised their products for helping them with pain, anxiety and other ailments — even cancer...

The Growth Op
Cannabis legalization often comes with a side of parental hand-wringing, warnings of danger and normalizing teen use–all topped with pleas that “Someone pleeeeease think of the children!”...

Huffington Post
Rep. Alexandria Ocasio-Cortez (D-N.Y.) earned praise from “drug justice” advocates after criticizing a growing marijuana legalization and business model that is paving the way for white male investors to reap major profits after minorities spent decades in prisons for selling pot...

Marijuana Moment
Wisconsin Gov. Tony Evers (D) released details about his plan to enact far-reaching marijuana reforms in the state on Monday. As part of a budget proposal set to be formally submitted to lawmakers later this month, the ...

KBZK
A ballot measure to legalize marijuana for recreational use in Montana is expected in 2020, so state lawmakers should prepare by creating an interim committee to study the issue, a Missoula state senator said Friday...

Civilized
Colorado was the first state to begin recreational marijuana sales in the United States, and new data suggests it has been a major success. The Colorado Department of Revenue reports that the state has sold more than $6 billion worth of cannabis since beginning recreational marijuana sales in 2014...

Argus Leader
Gov. Kristi Noem is digging in against legalizing industrial hemp in South Dakota, setting up a potential showdown with the Legislature as a bill legalizing it is sailing through with little opposition...

KMIZ
To date, the state of Missouri has collected more than $3 million from hopeful medical marijuana entrepreneurs and has not even accepted the first license application....

Baxter Bulletin
A bill that would have added 39 additional qualifying medical conditions to the state’s medical marijuana program has failed to advance out of the House of Representatives committee that was considering it...

PIX 11
New York City bodega owners rallied Sunday morning in the Bronx, pleading that they should be allowed to sell marijuana if and when the state legalizes...

East Idaho News
A local Republican State Representative is teaming up with Democrats to give first-time marijuana offenders the chance to remove the criminal conviction from their record...

California News

North Bay Business Journal
A poll commissioned by the Napa Valley Cannabis Association found that 64 percent of Napa County residents would support a proposed ballot measure allowing commercial cultivation of the plant in parts of the county...

Press Democrat
About three years ago, Mara Gordon deposited money from an investor into a business bank account for her company, Calla Spring Wellness, that she started to provide guidance for people with health problems interested in adding cannabis to their medical treatment...

Cannabis Now
On an otherwise average day at the office, I receive a text message from Mendo Dope inviting me up to the farm. Compared to texts I typically receive, this simple invitation is like skywriting from a small plane...

Green Market Report
We have written a number of articles in our blog[1] relating to the representation of cannabis businesses. We have also written to the California Attorney General as well as the General Counsel for all three of the agencies in California...

NBC
When California voters legalized marijuana, they were promised that part of the tax revenue from pot sales and cultivation would be devoted to programs to teach youth how to avoid substance abuse...

Fast News Media
SAN FRANCISCO, CA, February 15 Today Rogoway Law Group (www.rogowaylaw.com), answering client requests for industry-specific taxation counsel, announced the addition of Tax Attorney Sandeep Singh to its team of award-winning attorneys serving Californias cannabis industry...

LA Times
For Kika Keith, a dream deferred looks like a bare, brightly illuminated room in South Los Angeles. After California legalized recreational cannabis, Los Angeles leaders had vowed that entrepreneurs such as her — with roots in communities hit hardest by the war on drugs — would get an upper hand in L.A.’s potentially lucrative marijuana market...

Pasadena Star News
The fight for unsanctioned marijuana dispensaries to gain Pasadena’s blessing intensified this week as petitioners kicked off a referendum effort that seeks to use the ballot box to change the city’s cannabis rules...

Marijuana Business Daily
Two-thirds of California municipalities prohibit marijuana businesses from setting up shop, underscoring the hurdles MJ entrepreneurs face in trying to break into the world’s largest legal cannabis market...

SB Sun
San Bernardino city leaders could award up to 17 commercial cannabis licenses this week, concluding a yearlong application process for 39 business owners...

Canadian News

The Growth Op
Inner Spirit Holdings Ltd.’s subsidiary, Spirit Leaf Inc. (SLI), has entered into an agreement with one of the 25 winners in Ontario’s retail cannabis lottery, clearing the way for a Spiritleaf-branded store to open its doors come Apr. 1...

Bloomberg
Nova Cannabis has reached a licence agreement with one of the lottery winners selected to apply for one of the first 25 cannabis retail licences in Ontario, with a location planned for Toronto...

CBC
With Health Canada aiming to regulate edibles later this year, Toronto's medical officer of health is calling for a ban on products like gummy bears, lollipops, and candy-flavoured vaping flavours that could appeal to kids...

Ottawa Citizen
Canadian hemp and cannabis producers are pushing for changes to the rules governing the use of hemp-derived cannabidiol, a non-psychoactive compound found in both plants that has multi-billion-dollar potential as an ingredient in a host of wellness products...

Science News

Science 2.0
Former Denver Broncos running back Terrell Davis, who trained by running with tractor tires strapped to his waist and all that, has an easy marketing hook for his new cannabis 'athletic recovery' drink...

Market Watch
A research team at King’s College London is launching a Phase 2 trial of a cannabis-based therapy for the treatment of certain dementia symptoms...

The Sun
Around 850,000 Brits currently have dementia - and the figure is expected to hit one million within a decade. There is currently no cure, although some drugs can limit the symptoms. As well as memory problems and confusion, half of dementia victims experience challenging behaviour, such as raised aggression...