Legal Affairs
Former Metrc Executive Alleges Company Enabled Illegal Cannabis Sales in Whistleblower Suit
LOS ANGELES- A former senior executive at Metrc, the leading cannabis compliance tracking company in the U.S., has filed a federal whistleblower lawsuit accusing the firm of turning a blind eye to unlawful activity, including ...
Beer Gets Burned, Hemp Drinks Heat Up
New insights from Whitney Economics show hemp beverages could win big as tariffs slam the beer industry The team at Whitney Economics just dropped their latest cannabis and hemp market forecast—and it’s a must-read for ...
Cannabis Prices Decline in New York Amid Market Expansion
LOS ANGELES- The legal cannabis market in New York is experiencing a notable decrease in product prices, coinciding with rapid industry growth and increased consumer access. Price Reductions Across Product Categories Recent data indicates a ...
Vireo Growth Inc. Secures $75 Million Financing and Acquires Four Cannabis Operators
LOS ANGELES- Vireo Growth Inc. has announced a $75 million equity financing at $0.625 per share, alongside agreements to acquire four single-state cannabis operators for approximately $397 million in all-stock transactions. The acquisitions include Proper ...
Canopy USA Appoints M. Brooks Jorgensen as President
LOS ANGELES- Canopy USA, a subsidiary of Canopy Growth Corporation, has announced the appointment of M. Brooks Jorgensen as its new President. Jorgensen brings over two decades of experience in the wine and spirits industry, ...
Expanding Investment Horizons: Opportunities for Cannabis Entrepreneurs
NEW YORK-The cannabis industry is evolving, presenting fresh opportunities for entrepreneurs willing to think beyond traditional boundaries. While some cannabis-specific investors may be stepping back, there’s growing interest from wellness-focused capital, accredited investors, and innovative ...
The Rise of a New Era of Consumption: Cannabis-Infused Drinks
LOS ANGELES-Cannabis-infused beverages have rapidly gained traction in recent years as a popular alternative to traditional consumption methods such as smoking and vaping. With the increasing legalization of cannabis in the United States and other ...
Former Metrc Executive Alleges Company Enabled Illegal Cannabis Sales in Whistleblower Suit
LOS ANGELES- A former senior executive at Metrc, the leading cannabis compliance tracking company in the U.S., has filed a federal whistleblower lawsuit accusing the firm of turning a blind eye to unlawful activity, including ...
Beer Gets Burned, Hemp Drinks Heat Up
New insights from Whitney Economics show hemp beverages could win big as tariffs slam the beer industry The team at Whitney Economics just dropped their latest cannabis and hemp market forecast—and it’s a must-read for ...
Cannabis Prices Decline in New York Amid Market Expansion
LOS ANGELES- The legal cannabis market in New York is experiencing a notable decrease in product prices, coinciding with rapid industry growth and increased consumer access. Price Reductions Across Product Categories Recent data indicates a ...
Nextleaf Solutions Secures $3 Million in Convertible Note Financing
Vancouver, British Columbia– Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) , an innovative cannabis processor, is pleased to announce that it has closed a private placement with an institutional investor for aggregate gross ...
CannabCo Announces Breakthrough in Cannabis Production with Phoenix 2.0
BRAMPTON, ON– CannabCo Pharmaceutical Corp., a Canadian company located in Brampton, Ontario, announced the latest results of their Phoenix 2.0 system. Working with their technology partners for the enhancement of CannabCo's proprietary grow system, dubbed ...
Inner Spirit Holdings Closes $11.5 Million Equity Financing
CALGARY, AB– Inner Spirit Holdings Ltd. (CSE: ISH), a Canadian company that has established a national network of Spiritleaf cannabis retail stores, today announced it has closed its previously announced "bought deal" short form prospectus ...
Spyder Cannabis Acquires Leading Vape Retailer 180 Smoke
Vaughan, Ontario – Spyder Cannabis Inc. (TSXV: SPDR), an established Canadian cannabis and vape retailer, is pleased to announce the closing of its previously announced acquisition on February 23, 2021 of all of the issued ...
Santé Laboratories Independently Submits Novel Foods Application for UK Distribution of its CBD Formulation
AUSTIN– U.S.-based Santé Laboratories is confident it independently met requirements requested by the Food Standards Agency (FSA) in the United Kingdom (UK) for its water-based cannabidiol (CBD) formulation in time to the eagerly awaited March ...
BLAZE Raises $8 Million in Series A Funding
LOS ANGELES – BLAZE, a growing, enterprise resource planning and point of sale platform for legal cannabis, recently closed its Series A funding round at $8 million. The round was led by Delta Emerald Ventures ...
Study Shows No Liver Toxicity From CBD in More Than 800 Adult Participants
ALMETTO, Fla.– Sun Flora an international CBD brand and creator of SUNMED products sold at Your CBD Store franchise locations, has announced its completion of a seven-month-long ValidCare clinical study. The results display the irrefutable ...
Omura Vaporizer Introduces Another Consumption Method to Cannabis Market
The cannabis landscape is evolving rapidly, with more people exploring the plant than ever before. But rolling a joint or having a dab of oil may not be for everyone, especially for those who need ...
New York Legalizes Recreational Cannabis
NEW YORK – Residents of the Empire State, New York, who are over the age of 21 will be able to legally buy Cannabis as early as next year, in a bill agreed to by ...
Harvest Health & Recreation Inc. Reports 4th Quarter & Full Year 2020 Financial Results
PHOENIX–Harvest Health & Recreation (CSE: HARV, OTCQX: HRVSF), a vertically integrated cannabis company and multi-state operator in the U.S., today reported its financial and operating results for the fourth quarter and year ended 2020. All ...
GrowFlow Insights Launches Providing More Management Data for Retailers and Wholesalers in Cannabis
SEATTLE – Growflow a business management and compliance solution for cannabis wholesalers and retailers, today announced the launch of GrowFlow Insights, a powerful and easy-to-use analytics tool that provides comprehensive and actionable cannabis data and market ...
Fluresh Invests In Next Generation Cannabis With Launch Of ‘Fluresh Accelerator’ Program
GRAND RAPIDS– Fluresh, a Michigan-based cannabis cultivator and processor, is ushering in the next wave of cannabis professionals with the launch of its new business incubator, the Fluresh Accelerator. In an effort to create a ...
CBD of Denver Becomes One of the First CBD Companies to Accept Bitcoin and Other Crypto Currencies
DENVER– CBD of Denver, Inc. (OTC: CBDD), a full-line CBD and Hemp oil company and a producer and distributor of Cannabis and CBD products in Switzerland, Europe, and the US, closed its first deals paid ...
Eighty Six Brand Breaks Down What a Delta-8 THC High Feels Like
SOUTH EL MONTE, Calif., – So you've heard that Delta-8 THC products allow you to get high, legally, nationwide. And as the minor cannabinoid continues to blow up in the country, the questions on everyone's mind ...
Sweet Flower Announces Close of $15 million Series A investment
LOS ANGELES–Investment gives Sweet Flower funding to rapidly expand across California, launch manufacturing and distribution verticals and new retail brand. Sweet Flower, Southern California's leading cannabis retailer announced today that the Company has successfully raised ...
Woman CEO’s Top 3 Tips for Success in the Cannabis and Hemp CBD Industry.
PORTLAND– Rowshan Reordan is the founder and CEO of Green Leaf Lab, one of the nation's top cannabis and hemp CBD testing labs. Established in 2011, Green Leaf Lab is the 1st woman owned cannabis and ...
Horizons ETFs Rebalances Cannabis-Focused Index ETFs
TORONTO–Horizons ETFs Management (Canada) Inc. has completed the quarterly rebalances of the constituent holdings of the Horizons Marijuana Life Sciences Index ETF (TSX: HMMJ) and the Horizons US Marijuana Index ETF (NEO: HMUS). HMMJ is ...
CBSA Sets Penalties for Crossing Canadian Border with Cannabis
OTTAWA– On October 17, 2018, the Cannabis Act came into force, introducing a strict framework for controlling cannabis within Canada. While cannabis was legalized, it does remain illegal to carry cannabis across the border without a valid ...
Germany’s Supreme Court Green Lights Hemp Product Sales
BERLIN – The 6th Criminal Senate of the German Supreme Court (BGH) handed down a judgement that the sale to end consumers of hemp flowers and leaves is not prohibited. This ruling effectively overturned a ...
Willow Biosciences Reports Fourth Quarter and 2020 Year End Results
CALGARY, AB –Willow Biosciences Inc. (TSX: WLLW) (OTCQX: CANSF) is pleased to announce its financial and operating results for the three months and year ended December 31, 2020. Statement from the CEO "We are very pleased with all ...
Charlotte’s Web Holdings Reports Q4-2020 Results
BOULDER – Charlotte's Web Holdings, (TSX: CWEB) (OTCQX: CWBHF), a maker of full spectrum cannabidiol (CBD) hemp extract wellness products and a certified B Corp, today reported financial results for the fourth quarter and year ...
Vireo Health Announces Fourth Quarter and Full Year 2020 Financial Results
MINNEAPOLIS–Vireo Health International, Inc. (CSE: VREO; OTCQX: VREOF), the leading physician-led, science-focused multi-state cannabis company, today reported financial results for its fourth quarter and full year ended December 31, 2020. All currency figures referenced in ...
National Hispanic Cannabis Council Launches, Advancing Cannabis Education & Entrepreneurship
DENVER– The National Hispanic Cannabis Council launched Thursday, aimed at empowering the U.S. Hispanic community through education, entrepreneurialism, and economic opportunity. With 36 states, having already legalized cannabis for medical use, the new national nonprofit organization aims ...
Pure Craft CBD Launches Nano CBD Water Soluble + Melatonin Tincture, Quick Absorption Promotes Rest & Relaxation
SAN DIEGO–Pure Craft CBD, which creates premium, bio-available CBD products, recently launched its Nano CBD Water Soluble + Melatonin tincture. One of the most absorbable CBD tinctures on the market, this supplement works in perfect ...
Moon Mother Hemp’s Commitment to the Health of the Planet Becomes Game Changer for Local Youth
BOULDER– At the height of the pandemic in 2020 one of the country's leading Hemp Brands Moon Mother Hemp Company joined 1% for the Planet. It wasn't a time when most companies had profits to spare, but climate ...
