Daily Cannabis News Roundup | February 20, 2019

HighLights

Investors Business Daily
California cannabis tax revenue came in at $103.3 million for the last three months of 2018, a modest 2.5% bump from $100.8 million in the prior quarter. The results close out a year that marked the beginning of recreational sales but also restrictions that curbed supply and kept some customers buying illegally...

Business Insider
Canopy Growth's strong quarterly revenues indicate the company is already the early leader in Canada's marijuana market, an analyst says. The cannabis producer on Thursday reported gross revenue (mostly medical and recreational) soared 283% year-over-year to 97.7 million Canadian dollars ($73.6 million) in the third quarter...

The New York Times
Gov. Philip D. Murphy and Democratic legislative leaders in New Jersey have reached an agreement that could place the state on a path to legalizing recreational marijuana this year if they are able to win enough support in the state legislature...

Stocks

The Morning Blunt
Tuesday was mixed for US and Canadian cannabis stocks with many companies largely on the decline. Aphria has been in the spotlight since December when a short seller report accused the company of insider self dealing at the cost of shareholders...

Market Watch
Tilray, Inc. (“Tilray” or “the Company”) TLRY, +0.71% a global leader in cannabis research, cultivation, production and distribution, today announced it has entered into a definitive agreement (the “Agreement”) pursuant to which Tilray will acquire all of the issued and outstanding securities of FHF Holdings Ltd...

News Wire
Aurora Cannabis Inc. (the "Company" or "Aurora") (NYSE: ACB) (TSX: ACB) (Frankfurt: 21P; WKN: A1C4WM) announced today that Michael Singer, previously Chairman of the Board, has been appointed Executive Chairman of the Board of Directors...

Market Watch
TilrayInc. TLRY, +0.71% a global pioneer in cannabis production, research, cultivation and distribution, announced today it will report results for the fourth quarter and full fiscal year ended December 31, 2018 on Monday, March 18, 2019 after market close...

Bloomberg
Cronos Group Inc. shareholders will vote this week on Altria Group Inc.’s C$2.4 billion ($1.8 billion) investment. If approved -- and it would be surprising if it’s not -- the deal will mark the first foray by a major tobacco company into the cannabis space, giving Altria a 45 percent stake in the pot company with the option to boost that to 55 percent...

Market Watch
Tilray, Inc. (“Tilray” or “the Company”) TLRY, +0.71% a global leader in cannabis research, cultivation, production and distribution, is pleased to announce the closing of a previously announced definitive agreement (“the Agreement”) to acquire all of the issued and outstanding securities of Natura Naturals Holdings Inc...

Forbes
2018 could have been dubbed the Year of Cannabis. By the end of December, all but four states in the U.S. allowed some form of legal cannabis — 33 for medical use, 13 for CBD only, and 10 that also allow for adult recreational use...

The Street
Interest around cannabis stocks continues to rise as legal adult use sales pick up steam in Canada and California, and other U.S. states move to legalize either recreational or medical use of the plant...

Bloomberg
Canopy Growth Corp. () is gearing up to release a wide range of cannabis-infused edibles and beverages when they become legal later this year, according to the company's CEO...

News Wire
Aphria Inc. ("Aphria" or the "Company") (TSX: APHA and NYSE:APHA) today announced that independent members of its Board of Directors consisting of Shlomo Bibas, John Herhalt, Tom Looney and Irwin Simon, unanimously...

Market Watch
CannTrust Holdings Inc. ("CannTrust" or the "Company") (TRST) is pleased to announce that it has satisfied all the regulatory requirements to list its common shares on the New York Stock Exchange ("NYSE")...

News Wire
iAnthus Capital Holdings, Inc. ("iAnthus"), (CSE: IAN) (OTCQX: ITHUF), which owns, operates, and partners with best-in-class regulated cannabis operations across the United States, is pleased to announce that it has opened its second New York dispensary...

Market Watch
Cresco Labs CL, +0.36% CRLBF, +4.80% (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, today announced the opening of the Hope Heal Health Dispensary (HHH) in Fall River, Bristol County, Massachusetts...

Globe News Wire
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, which provide a range of services and products for the regulated cannabis, CBD and other related industries...

Market Watch
India Globalization Capital Inc. IGCC, -1.07% today announced the extension of the expiration date and reduction in the exercise price for its outstanding publicly traded warrants, which are quoted on the OTC Markets under the ticker symbol IGC.WT and CUSIP number 45408X 118...

Market Watch
MediPharm Labs Corp. (LABS) (otcqb:MLCPF) ("MediPharm") a leader in specialized, research-driven cannabis extraction, distillation, purification and cannabinoid isolation, is pleased to announce that its common shares are now listed on the Frankfurt Stock Exchange (FSE) trading under the ticker symbol "MLZ"...

News Wire
Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) today is pleased to announce that it has reached a mutually agreed upon settlement with Sean Dollinger resulting in Mr. Dollinger entering into an advisory relationship with Namaste...

News Wire
Youngevity International Inc. (NASDAQ:YGYI) (YGYI Profile) is following the vertically integrated model, having recently acquired a company specializing in cannabis processing machinery...

News Wire
Village Farms International, Inc. ("Village Farms" or the "Company") (TSX:VFF; OTCQX:VFFIF) today announced that its common shares will commence trading on the Nasdaq Capital Market under the symbol "VFF" on Thursday, February 21, 2019...

PR News Wire
Digipath, Inc. (OTCQB: DIGP), a service-oriented independent testing laboratory, data and media firm focused on the developing cannabis and hemp markets, is pleased to announce that the Company has been named one of the "Top Leading Market Players" by independent research firm Insight Partners...

Market Watch
Driven Deliveries, Inc., (DRVD), the world's first and only publicly traded cannabis delivery company, announces the addition of Mr. Jerrin James to serve as the company's Chief Operating Officer...

Market Watch
Acreage Holdings ("Acreage") (otcqx:ACRGF), the United States' largest vertically integrated, multi-state cannabis operator, announced the additions of Stacey Kawahata, as the Vice President of Consumer Insights and Brand Strategy, and Joen Choe, as Vice President of Marketing...

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 has been recognized as one of the 2019 OTCQX Best 50. Organigram was ranked as 4th best performing stock on the OTCQX® Best Market for 2018...

News Wire
Weekend Unlimited Inc. ("Weekend" or the "Company") (CSE: POT) – (FSE: 0OS1) – (OTCMKTS: WKULF) having announced the signing of a definitive agreement on 13 February 2019 to acquire R&D Pharma's Jamaican interests, has completed the arms-length acquisition of R&D Pharma...

New Cannabis Ventures
48North Cannabis Corp. (“48North” or the “Company”) (TSXV:NRTH) is pleased to announce the launch of its cannabis accessories brand F8 and concurrently retail supply agreements with the Ontario Cannabis Store and Tokyo Smoke...

Business

News Wire
The pharma company, Panaxia Pharmaceutical Industries LTD, an Israeli pharmaceutical cannabis company, announced today that Nobel Prize winner in chemistry, Prof. Aaron Ciechanover...

Forbes
Hemp’s been legalized and CBD products are trending. States are pulling in hundreds of millions in tax revenues from legal cannabis sales. At the same time, Federal restrictions still keep business operators in legal limbo and bans on medical cannabis research...

Market Watch
The CBD market has been aggressively expanding since the signing of the US Farm Bill, but now the sector is starting to mature, as well as separate from the THC cannabis sector, as products are hitting shelves and online retailers. New Frontier Data says, "The US Hemp CBD Market will Triple by 2022."..

Financial Post
Khurram Malik believes there is a “dramatic” lack of legal CBD products in Canada. The CEO of Biome Grow, a cannabis holding company with licensed pot operations in a number of Atlantic provinces, says his ongoing conversations with various provincial liquor control boards...

Business Insider
Investors attracted to the legal cannabis industry in the U.S., which is expected to grow to $50 billion over the next decade, are recognizing the advantages of remodeling unused buildings into medicinal cannabis facilities...

Fox Business
Marijuana investors are bubbling over with excitement, and who can blame them as this once-taboo industry ramps up production and rolls out the red carpet for consumers.

Marijuana Business Daily
When Karson Humiston founded the Denver-based cannabis recruitment agency Vangst in 2015, she’d call prospective candidates herself...

Global News

Equities
Whilst the cannabis industry wasn’t an overnight sensation in Latin America, the market has been steadily increasing over the past several years, and changing public and political attitudes towards legal cannabis is fuelling growth and demand around the world...

Grizzle
The current economic forecast for the marijuana industry in the U.S. is favourable, as 11 states have legalized recreational marijuana, more than 30 have programs for medical marijuana or are in the process of creating one...

US News

Civilized
On Tuesday, 77-year-old Vermont senator and self-described "democratic socialist" Bernie Sanders officially announced his candidacy in the 2020 presidential election...

The Dartmouth
The possibility of legalizing marijuana has reached New Hampshire, and its chances of success have never been higher. House Bill 481, introduced in the state House of Representatives in January by state Rep. Renny Cushing...

Crain's
Creating a new and unregulated market overnight—in an industry that some people find unusual and scary—seems the easiest way to ensure its failure. Change frightens people; misconceptions fly. As a firm believer in cannabis legalization—for both medical and recreational use...

Biz Journal
A 90-day supply of medical marijuana as defined by the state of Ohio – 8 ounces of dried flower, the most a patient can possess at any one time – would cost $3,759 under average prices in the first month of sales...

Market Watch
IONIC Inc. advises that Uncle Ike's reports on "The Sesh" about IONIC products are false. IONIC launched an in-depth investigation into the erroneous failed pesticide test results posted by Uncle Ike's on their website dated February 2019...

KXNET
The goal of decriminalizing marijuana in North Dakota took a step forward today. After nearly 90 minutes of discussion, the house judiciary committee...

Market Watch
Data regarding New Mexico's Medical Cannabis Program activity released by the New Mexico Department of Health (NMDOH) indicates the program is experiencing a dangerously-low supply of medical cannabis statewide...

Anchorage Daily News
Alaska Gov. Mike Dunleavy is planning to introduce legislation repealing the state boards that regulate alcohol and marijuana businesses, according to a letter from a commissioner to state employees, and industry groups are pushing back...

California News

Business Wire
Locally owned NorCal Tour Company, Inc announced today that it is now booking tours of California Cannabis Country with its new Mendocino Experience Cannabis Tour. The tour is based on the Northern California wine tour model...

Capitol Weekly
California’s legal cannabis industry is in a state of disarray. The market is chaotic, the regulatory landscape is in a constant state of flux, and at the same time, the black market continues to flourish...

Sacramento Bee
Protecting trademarks is a high priority for this shipping company. United Parcel Service is suing the weed-delivery operation United Pot Smokers and two Southern California residents in federal...

Whittier Daily News
California took in $345.2 million in tax revenue from legal cannabis during the first year of regulated sales in 2018, according to figures the state released Tuesday...

Mojave Desert News
The California Department of Tax and Fee Administration (CDTFA) reported revenue numbers today for cannabis sales for the 4th quarter of 2018. Tax revenue reported by the cannabis industry totaled $103.3 million for 4th quarter...

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

Reason Foundation
Every state that has regulated adult-use cannabis has mandated some type of seed-to-sale tracking among licensees, but, importantly, the details vary greatly. Some states, like Colorado, have tried to roll out a fully state-run tracking system with predictably disastrous results...

Canadian News

The Chronicle Herald
Data from provinces varies, but it generally shows Canadian cannabis users prefer to buy dry flowers (to smoke or vape their weed), want high-quality products and prefer shopping in bricks-and-mortar stores rather than online...

City News
Quebec junior health minister Lionel Carmant is refusing to bend on legislation that seeks to increase the legal age of cannabis consumption from 18 to 21 and ban the product from all public areas across the province...

Science News

Market Watch
The Flowering HOPE Foundation (Boulder, CO) together with Clover Leaf University (Denver, CO) have just announced sponsorship and collaboration on the first US clinical study to be approved to investigate plant-derived cannabinoid supplements in recovery from brain injury...

Weed Maps
An Israeli clinic is experiencing encouraging results with the use of medical cannabis to treat children with autism spectrum disorder (ASD), according to a safety and efficacy study.