CA Governor Newsom Signs RISE Act, Removes Discriminatory Sentencing

Los Angeles, CA – Governor Gavin Newsom has signed the RISE Act (SB 136), removing a discriminatory sentencing enhancement that re-penalized convicts by adding an extra year to an individual’s base sentence for each of their prior prison or felony jail terms. Jeannette Zanipatin, Esq., California State Director for the Drug Policy Alliance, heralded enactment […]

5 vying for Hemp Game Changer nod at first MJBizDaily Awards

The Cosmo Cultivator of the Year. Regional Game Changer. Community Impact. These are just some of the categories for which the editorial team of Marijuana Business Daily vetted more than 670 entries for the inaugural MJBizDaily Awards. With the list of nominees having been culled to 55 finalists, a panel of cannabis industry professionals is […]

CBD firm trades shares for ads with media conglomerate in unconventional deal

A Canadian wellness company has entered into an equity partnership with an American consumer-media company to promote its hemp-derived CBD products in the United States. Neptune Wellness Solutions, based in Laval, Quebec, developed the deal with New York City-based American Media, a privately held publisher of consumer magazines such as Men’s Journal and Us Weekly. The media […]

Kentucky hemp processing plant held up by contractors’ liens

A Kentucky hemp producer and manufacturer says a new manufacturing facility is on track despite financing snags that have held up construction. Winchester-based GenCanna Global is building a new processing facility in Mayfield, a town of about 10,000 people in Western Kentucky. Building contractors have reportedly filed 19 liens on the property, saying GenCanna owed them more […]

Cann-Is Capital to buy all shares of CWE European Holdings

Cann-Is Capital Corp., a Canadian company that helps cannabis companies raise capital, has bought all outstanding equity of CWE European Holdings, a privately held Canadian holding company that sells CBD in German-speaking countries in Europe. Cann-Is Capital did not disclose a purchase amount. CWE owns and operates six stores in Germany through DCI GmbH, a […]

FTC identifies CBD retailers warned about health claims

A federal consumer protection agency has identified four CBD manufacturers it flagged for unfair and deceptive advertising. The U.S. Federal Trade Commission (FTC) announced warning letters were sent last month to four companies selling hemp-derived CBD products. At the time, the agency did not name the companies. A public records request posted this week made those warnings public. […]

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