“This is common sense legislation that provides physicians, not lawmakers, the ability and discretion to decide what treatment options are best for their patients.”
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“Just as doctors are entrusted to make decisions with regard to the supervised use of opioids and other medicines – many of which pose far greater risks to patients than cannabis – the law should provide doctors with similar flexibility when it comes to recommending cannabis therapy to a bona fide patient.”
International cannabis giant Canopy Growth Corp. remains bullish on the U.S. CBD market, even as the company reported an eye-popping net loss of 1.3 billion Canadian dollars ($944 million) last quarter. Canopy told investors Friday that it would revamp its overall strategy after its Canadian recreational marijuana market share saw double-digit declines in the fiscal […]
A marijuana company that has been unwinding some investments in hemp in Canada and Europe changed course Thursday and bought a U.S. company that makes hemp-derived CBD. Canadian producer Aurora Cannabis bought Massachusetts hemp firm Reliva in a $40 million stock deal, checking off a long-stated ambition of the Alberta company’s executives to enter the […]
“The current predicament of a rapidly expanding national marketplace without access to the national banking systems has resulted in an untenable situation.”
Canadian marijuana giant Aurora Cannabis is further divesting itself of some of the hemp assets it began acquiring in 2017 as it tried unsuccessfully to profit from the CBD market. In its latest move, Aurora accepted an offer to sell a large greenhouse in Exeter, Ontario, for about half its CA$17 million ($12.1 million) listing […]
A cannabinoid scientist in Colorado is being tapped to develop mushroom products for a CBD company that is exploring the market for psilocybin mushrooms. Canadian CBD business NewLeaf Brands Inc. announced that the former research director of a Colorado hemp company, Ebbu, will be their new chief science officer. The announcement Tuesday that Robert Roscow was joining […]
Included in the language of the bill is HR 1595: The SAFE Banking Act, which amends federal law so that explicitly banks and other financial institutions may work directly with state-legal marijuana businesses. Members of the House of Representatives voted 321 to 103 in favor of the Act in September. Reform advocates, including NORML, had lobbied leadership to include banking reform in the latest COVID relief measure.
A new hemp company, Collective Growth Corp., virtually rang the bell on the Nasdaq Friday, beginning public trading already fully funded by investors. Headquartered in Austin, Texas, Collective Growth is a blank-check company that intends to focus on the “federally permissive cannabinoid industry,” said Joseph Brantuk, the chief client officer for Nasdaq. The newly organized […]
California-based Omura, a marijuana and hemp flower vaporizer company, raised $5 million, with a portion of the funding coming from Bruce Linton, former CEO and founder of Canada’s Canopy Growth Corp. The raise, while not major by cannabis industry standards, is significant during the global coronavirus pandemic when investments are more difficult to secure. Linton, […]
