Daily Cannabis News Roundup | January 14, 2019

HighLights

Marijuana Moment
A bipartisan group of federal lawmakers on Friday filed legislation that, if enacted, would essentially revive the Obama-era marijuana enforcement memo that was rescinded by then-U.S Attorney General Jeff Sessions last ye…

Smoke and Mirrors: Massachusetts’ Recreational Cannabis Industry Navigates Tricky Regulatory …

Delays aren’t the only issue plaguing the industry. Sources tell Fortune that cannabis companies face an array of obstacles, from financial hurdles to …

Stocks

Tilray Surges After Privateer Holdings Vows to Hold Stake Until At Least H2 2019

Tilray Inc. (TLRY) shares surged Friday after its biggest stakeholder said it would hold onto shares of the Canadian cannabis company until at least the …

Pot Stocks Post Longest Run of Weekly Gains Since August

Bloomberg
Pot stocks marked their third consecutive week of gains, the longest such winning streak since August, riding high on the broader market’s upbeat mood. 

Why cannabis companies need to strengthen their governance and not just ‘ride the curve’

Bloomberg
Amy Freedman, CEO at Kingsdale Advisors joins BNN to discuss why cannabis companies need to strengthen their governance, as a rosy outlook for the sector also opens doors for hostile bidders and activist shareholders.

An Eye on Average True Range (ATR) – Cronos Group Inc., (NASDAQ: CRON)

Stock Watch
Cronos Group Inc. , (NASDAQ: CRON) was trading -10.65% away from its yearly high level, during the last trading session. The last session’s volume was 10,365,163 compared to its average daily volume of 10.88M shares…

Technical Indicators under Consideration – Aurora Cannabis Inc. (NYSE: ACB)

ABS News
Aurora Cannabis Inc. (NYSE: ACB) stock encountered a rapid change of 7.41% in the last hour of Friday’s trading session. The stock settled the final trade on $6.38. Analysts consider this stock active

Canopy Growth Corporation (CGC) Gains As Market Dips: What You …

Zacks.com
Wall Street will be looking for positivity from CGC as it approaches its next earnings report date. This is expected to be February 13, 2019.

Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) Goes to …

The Oracle Dispatch
Shares of Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) have finally started to show some serious juice, ramping up to tag the …

Aphria Inc (TSX:APHA) Stock Has an Easy Path to 30% Upside

Investing
Aphria (TSX:APHA)(NYSE:APHA) stock is in the dumps, down 50% from its highs in September. At $9 a share, Aphria 

US Marijuana Stocks Technical Analysis Chart 1/12/2019 by ChartGuys.com

Chart Guys
Technical chart analysis for the cannabis sector on January 12, 2018.

CURA Stock: Curaleaf Up Nearly 20% Due to Rapid Expansion

Major cannabis stocks are trading upwards on the US and Canadian markets today! A mass sell-off of stocks occurred on Christmas Eve, but it seems ..

Could Auxly Cannabis Group Inc (OTCMKTS:CBWTF) Be a Big Opportunity Lurking Under the Surface?

Oracle Dispatch
As we get rolling in 2019, the potential to sort out the wheat from the chaff drives all the action, and the question right now is whether or not Auxly Cannabis Group Inc (OTCMKTS:CBWTF)

Analysts Expect MedMen’s Revenue to Rise in 2019 and 2020

Market Realist
In the first quarter of fiscal 2019, which ended on September 30, MedMen Enterprises (MMEN) (MMNFF) posted revenue of $21.46 million,

Wayland Group’s Secret Weapon: Euro GMP Build Site Tour

Midas Letter
Wayland Group (CNSX:WAYL) (OTCMKTS:MRRCF) is committed to consistent consumer experience and has designed a purpose-built facility in Langton, 

Quebec-Based Cannara Biotech to Begin Trading on the CSE

11, 2019 /CNW/ – Cannara Biotech Inc. (“Cannara” or the “Company”), a vertically integrated Cannabis company focused on cannabis derivative …

Bruce Campbell discusses 1933 Industries

Bloomberg
Bruce Campbell, president at StoneCastle Investment Management, discusses 1933 Industries (formerly Friday Night Inc.)…

Why Shares of ICC International Cannabis Corp (OTCMKTS:KNHBF) Have Been Sparked Into Action

ICC International Cannabis Corp. has a strategic alliance with GreenTree International Inc. The companywas formerly known as Kaneh Bosm …

News Wire
Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) today announced that it has…

This Cannabis SPAC Expects Dramatic Growth from its $100 Million Revenue Profitable Base

Jonathan Sandelman, CEO of special purpose acquisition company Cannabis Strategies Acquisition Corp. (NEO: CSA.A, CSA.WT, CSA.RT) (OTC: ..

WeedMD and Pita Pit Launch Pioneer Cannabis Corp.

Globe News Wire
WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) (“WeedMD”), a federally-licensed producer and distributor of medical-grade cannabis, alongside Pita Pit Canada….

Business

MedMen dismisses ‘meritless’ lawsuit from ex-shareholders

MedMen remains focused on building one of the leading cannabis companies in the world and we feel confident we will prevail on that mission and …

The weed middleman that expects to make billions as the Sunkist of pot

For many of the world’s biggest cannabis businesses, the only viable option to capture enough of Canada’s legal recreational market is to grow their …

Canadian marijuana companies raised landmark CA$12 billion in 2018

Marijuana firms in Canada raised a record 11.96 billion Canadian dollars ($9 billion) last year as they prepared to meet demand in the new adult-use …

Enjoy it while you can Cannabis Canada, your edge is already eroding

But cannabis industry players that straddle investments north and south of the border are acutely aware of the differences between different individual …

$200 million pot farm could be coming to Buffalo’s waterfront

State lawmakers haven’t even introduced legislation to legalize recreational marijuana, but a California company is already fielding a plan for a …

Global News

Khiron Life Sciences to Present as Lead Sponsor in First CannaTech Panama Global Medical …

Conference brings together global leaders in medical cannabis science, finance, agri-tech and policy. TORONTO, Jan. 11, 2019 /CNW/ – Khiron Life …

Spectrum Cannabis Peru SAC newest member of the growing Canopy Growth family

“Spectrum Cannabis Peru will operate as part of the Canopy LATAM … a statement from Canopy Growth, a diversified cannabis and hemp company …

US News

Thirteen Chicago Mayoral Candidates Unanimously Endorse Marijuana Legalization At Forum

Heather Steans (D) has already filed a bill to legalize and tax cannabis in the state, but details about the legislation aren’t yet available beyond its title …

Massachusetts marijuana overseers want authority to regulate municipal marijuana agreements

10/15/18 – SPRINGFIELD – The Springfield City Council meets about recreational marijuana and other issues at City Hall. (THE REPUBLICAN FILE) …

Gov. Riamondo calls for legalization of recreational marijuana, cites neighboring states

PROVIDENCE, R.I., (WJAR) — Gov. Gina Raimondo’s 2019 budget proposal will include the legalization of recreational marijuana. Gov. Raimondo’s …

Marijuana industry boosts DC lobbying team

The marijuana industry is boasting its largest lobbying team in Washington ever, as it gears up to push through major legislation in 2019.

With Marijuana Legalization Comes Marijuana Recalls

Marijuana regulation is well behind its legalization; there isn’t really any alternative, given that research and consumer desires will shape what we …

Colorado Governor Touts Marijuana And Industrial Hemp In State Of The State Address

Newly sworn-in Colorado Gov. Jared Polis (D) delivered his State of the State address on Thursday, laying out his administration’s agenda which …

Medical marijuana could become legal in SC, but you won’t be allowed to smoke it

South Carolina lawmakers will get their first look next week at a proposed bill that would legalize marijuana for medical use when state Sen.

Ocasio-Cortez hires ex-marijuana lobbyist as adviser

She’s already seeking higher office! Freshman US Rep. Alexandria Ocasio-Cortez has tapped a former marijuana lobbyist to work as a senior counsel …

Key Vermont Senate Committee Releases Commercial Marijuana Legalization Bill Details

Vermonters got a first glimpse at what a retail marijuana system could look like in the state, at least under one bill that’s expected to be taken up by the …

Medical marijuana dispensary licenses approved

LITTLE ROCK (AP) — An Arkansas panel on Wednesday named 32 companies it intends to license to sell medical marijuana, two years after voters …

Oregon congressman introduces bill to regulate marijuana like alcohol

PORTLAND, Ore. — A bill introduced by U.S. Rep. Earl Blumenauer, a Democrat from Oregon, seeks to regulate marijuana like alcohol.

New bill would double number of medical cannabis dispensaries in Virginia

More cannabis outlets may be making their way to Hampton Roads. … on the intent of the legislation allowing medical CBD use that passed last year.

Morrisey: US attorney can’t spend money to block marijuana law

Perdue’s office has said implementing the law has stalled because Stuart repeatedly speaks out, often on Twitter, against marijuana, and no banks …

Thorny questions threaten to slow legal pot in New York

Efforts to legalize marijuana for recreational use in New York are gaining steam, and Gov. Andrew Cuomo predicts a bill will pass this year. But don’t …

Medical marijuana will trickle out in Ohio this week

The state’s long-simmering medical-marijuana program, authorized by the legislature in 2016, will record the first legal sale of cannabis in Ohio …

Medical Marijuana may Finally be on its Way in West Virginia

CHARLESTON, WV (WOWK) – Medical cannabis is supposed to be available in the Mountain State on July first, but federally charted banks have …

California, Michigan, Crack Down on Unlicensed Cannabis Retailers

In Michigan, a December 31 cutoff for licensing left approximately 70 cannabis business operators out in the cold, despite several lawsuits against the …

California News

New House, Same Story 

North Coast Journal
In one of its first acts, the newly seated House of Representatives introduced bipartisan legislation that would require the federal government to take a hands-off …

California pot taxes lag as illegal market flourishes

Josh Drayton of the California Cannabis Industry Association credited Newsom with taking “a realistic look at the challenges” after a bumpy first year of .

Craig Allen: Cannabis Entrepreneurs Navigate IRS 280E in Taxation Dance

Recent permits for cannabis dispensaries in Santa Barbara offer some … However, the challenges presented by IRS 280E and additional California ..

Nevada City considers moratorium on some cannabis manufacturers

California split the activity of cannabis manufacturing into categories, distinguished by whether or not they used “volatile solvents,” and placed differing …

One Year Into Legal Cannabis in California, Buyers Are Still Paying Black Market Prices

In 2019, Californians find ourselves entered into an even-grayer marijuana marketplace. But as we wait patiently for Congress to catch up with the …

More marijuana dispensaries – 23 instead of 8 — could open in Moreno Valley

Moreno Valley could end up with almost three times as many marijuana stores as first thought. That’s because the Moreno Valley City Council recently ..

Marijuana oil lab explosion in South Lake Tahoe leads to arrest

One man has been arrested in connection with a marijuana butane honey oil lab explosion that occurred Friday in South Lake Tahoe. Joe Johnson of …

Canadian News

Canada’s Top 10 Marijuana Growers Could Collectively Produce 3.3 Million Kilograms Annually

The marijuana industry underwent a transformation like never before in 2018. Following nine decades of recreational cannabis prohibition, Canada’s …

Marijuana novice looks to cash in after winning coveted pot license

While he admits to being a novice when it comes to the marijuana business, Clint Seukeran believes his inexperience will work to his advantage after …

Former BC health minister counts himself among the cannabis-curious

Plenty has changed since former B.C. health minister Terry Lake took a job in the cannabis industry in 2017 and recreational pot became legal last …

Efforts to reverse city refusals of cannabis stores mostly up in smoke

Meanwhile, the city says it has halted issuing business licences to cannabis stores since Alberta Gaming, Liquor and Cannabis imposed a freeze of its …

Toronto man loses driver’s licence after disclosing marijuana use to doctor

The man says he was honest and upfront about his lifetime use of marijuana, which by mid-month was legally obtainable in Canada. He said he has …

Science News

Young Scientist: Student proposes more effective cannabis treatment

The effectiveness of cannabis products in treating a variety of debilitating diseases can be significantly improved by ensuring they are better absorbed …