Switzerland has proposed a pilot project to study the economic and health impacts of non-medical cannabis use, but any change in the country’s laws to create a sustainable adult-use cannabis industry could be years away. According to an amendment of Switzerland’s Narcotics Act currently before the country’s Parliament, the pilot project would allow up to…
New Jersey Democratic Sen. Cory Booker reintroduced legislation that would remove marijuana from the Controlled Substances Act, effectively meaning state-legal cannabis businesses would not have to fear federal interference and could gain normal access to banking services. The Marijuana Justice Act, first introduced by Booker and Rep. Barbara Lee, a California Democrat, in 2017, is…
Canopy Growth has lined up celebrity lifestyle guru Martha Stewart to advise the Canadian cannabis company in developing a new line of goods, including hemp-derived CBD products. Stewart said their first collaboration will offer products for pets. “As soon as you hear the name Martha, you know exactly who we’re talking about,” Canopy Growth co-CEO…
Weekly Deal Watch: Cannabis brands and hemp firms become takeover targets is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
(This story has been updated to include comments from the California Department of Food and Agriculture.) A California Senate panel on Wednesday advanced a bill – dubbed a “Band-Aid” by one sponsor – in a last-minute bid to prevent thousands of marijuana companies from being temporarily forced out of the legal market and causing chaos…
Los Angeles-based MedMen reported revenue of $29.9 million and a net loss of $64.6 million for its fiscal second quarter ended Dec. 29, as the multistate cannabis company saw its sales grow and red ink recede versus the previous quarter. Marijuana firm MedMen’s fiscal Q2 sales grow, losses shrink from previous quarter is a post…
Massachusetts-based Curaleaf, a vertically integrated multistate marijuana company, acquired California’s Eureka Holdings. Eureka Holdings operates a cultivation facility in the Salinas Valley and is developing three dispensaries in the Golden State. The deal is valued at $30.5 million with $10 million paid in cash and the balance in stock. This amount could potentially increase based…
New Hampshire’s House gave preliminary approval on Wednesday to a bill legalizing a recreational marijuana industry that would allow an unlimited number of licenses statewide. A similar bill passed the House last year before dying in the Republican-controlled Senate. Democrats, who added legalization to their party platform last year, now control the Senate as well.…
4Front Holdings, a U.S. cannabis retail and brand company based in Phoenix, expanded its national footprint with acquisitions in Massachusetts and Arizona. 4Front acquired Healthy Farms, which has two dispensaries and a cultivation facility in Massachusetts, and PHX Interactive, owner of Greens Goddess in Phoenix, a holder of a vertically integrated license. Financial details of the…
Walmart Canada removed a popular medical marijuana vaporizer from its online store last month and now says it has no immediate plans to sell cannabis-related products. The Storz & Bickel Volcano Medic Vaporizer, a product owned by cannabis giant Canopy Growth, was removed from the Walmart.ca website at the end of January. It had been…