Judge Approves $77M GenCanna Bankruptcy Sale
Wed / May 20th
A judge has approved the $77 million bankruptcy sale of GenCanna Global USA Inc., a Kentucky hemp processing company, to MGG GenCanna Acquisition Group.
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Wed / May 20th
A judge has approved the $77 million bankruptcy sale of GenCanna Global USA Inc., a Kentucky hemp processing company, to MGG GenCanna Acquisition Group.
Tue / May 19th
An explosive fire that rocked Los Angeles over the weekend and left 12 firefighters hospitalized has been tied to Smoke Tokes, a wholesale distributor of butane and other vape supply items.
Tue / May 19th
Phase one of Massachusetts’ economic reopening plan, which would allow adult-use cannabis dispensaries to open, could commence next week.
Tue / May 19th
Artemis Growth Partners has agreed to the $81 million acquisition of Bridge Farm Group, the UK’s leading ornamental plant, flower, and herb producer.
Tue / May 19th
Lawsuits tied to a 2018 crackdown on Tennessee CBD retailers can move forward after a court rejected a request by law enforcement officials to have the case thrown out.
Mon / May 18th
A recent SEC filing shows that Hightimes Holding Corporation has extended its Regulation A fundraising after a unanimous board decision for an 11-for-1 stock split beginning June 1.
Mon / May 18th
Summitt Labs announced last week it was voluntarily recalling Batch#730 Lot#K018 of its Kore Organic Watermelon CBD Oil Tincture.
Mon / May 18th
Oklahoma lawmakers have approved $300,000 for a new program aimed at creating a cannabis breathalyzer.
Mon / May 18th
Missouri lawmakers have approved a measure giving medical cannabis regulators in the state the ability to access the FBI’s national fingerprint and background check database; the bill also aims to ban kid-friendly cannabis edibles shapes.
Mon / May 18th
The Red Lake Nation tribe in Minnesota will vote on medical cannabis legalization this Wednesday; if approved, it would be the state’s only program that includes access to cannabis flower.
Fri / May 15th
A recently published Preprints study found that the cannabinoids THC and CBD could help to down-regulate the production of proteins that are key in spreading the coronavirus among humans.
Fri / May 15th
94% of Arkansas hemp farmers reported losses from last year’s crop; farmers planted 1,819 acres of the crop but only 883 acres were harvested.
Fri / May 15th
A European Court of Justice magistrate has ruled that EU member states cannot ban imported CBD products because the law does not consider the cannabinoid to be a narcotic drug.
Fri / May 15th
Maryland Gov. Larry Hogan (R) vetoed a bill last week that would have blocked some cannabis convictions from public view.
Thu / May 14th
Canadian researchers behind a 10-year survey have suggested that setting the legal age for cannabis access at 19 would help avoid some potential adverse health effects.
Thu / May 14th
Israel’s Economy Minister has approved a plan allowing medical cannabis companies to export their products; the new rules will take effect in 30 days.
Thu / May 14th
Records show that adult-use cannabis sales in Michigan have reached at least $7 million per week over the last month; the industry has been deemed essential during the pandemic but in-person sales are prohibited.
Wed / May 13th
House leadership has included language giving the cannabis industry access to traditional banking and loan services as part of the latest federal coronavirus stimulus plan.
Wed / May 13th
The El Paso, Texas City Council has approved a “cite and release” policy for the possession of up to two ounces of cannabis.
Wed / May 13th
Albania’s Prime Minister Edi Rama said that lawmakers there are prepared to federally legalize medical cannabis this session.
Tue / May 12th
Maine cannabis regulators, pressured by out-of-state operators, have removed the state’s residency requirements for its adult-use cannabis industry.
Tue / May 12th
The latest documentary from streaming platform Netflix features celebrity interviews and re-enactments of psychedelic experiences alongside real information about psychotropic medicines. Have a Good Trip: Adventures in Psychedelics is a wonderfully built look at your brain on drugs — but in a good way.
Tue / May 12th
Lawmakers in Missouri’s House of Representatives have approved legislation to remove the state’s medical cannabis licensing cap; the proposal would allow any qualifying business owner to secure a license.
Tue / May 12th
Massachusetts cannabis regulators are expected to open the application period for adult-use delivery services later this month.
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