Verano Prosecuted On Busted Acquisitions
This story was reprinted with permission from Crain’s Chicago and written by John Pletz. Verano Holdings’ (OTC: VRNOF) breakup with Goodness Growth looks like it’s going to be messy and expensive. Chicago-based marijuana company Verano called off its planned $413 million purchase of Goodness Growth on Oct. 13, citing unspecified breaches of “covenants and representations.” Goodness says Verano tried to back out of […]
U.S Researchers Confirms Traces of Plastics, Heavy Metals and Pervasive in CBD
More than 500 products analyzed by a team of U.S. researchers revealed contaminants are widely present in CBD, according to a soon-to-be-published paper on edibles and topicals. “Low-level contamination of edible CBD products with heavy metals and phthalates (additives for plastics) is pervasive,” according to the paper, authored by researchers led by Hannah Gardener of […]
Is Broader Entree to Psilocybin in Canada on the Vista?
A recently filed lawsuit raises questions about current psilocybin law in Canada. Is legalized psilocybin in Canada coming soon? Will it follow the same legal pathway as cannabis? Can it be constitutionally sound? A recently filed lawsuit on behalf of seven patients and one caregiver raises these questions about the current psilocybin law in Canada, which could […]
Outlawing of CBD wills Bring Harsh Sentence In
Hong Kong will criminalize CBD early next year, categorizing the compound as a dangerous drug. Under changes to Hong Kong’s drug control laws expected to take effect Feb. 1, 2022, CBD will be treated the same as heroin, cocaine and methamphetamine among some 200 substances classified as “dangerous drugs.” Stakeholders say the changes will wipe […]
Tilray Hulking on Alcohol as Cannabis Profits Shrinks
Alcohol outperformed cannabis in the company’s most recent earnings report. As the cannabis sector hangs by threads, one company is riding the ethanol tide in search of higher margins. Tilray Brands Inc. (Nasdaq: TLRY) said its Breckenridge Distillery will partner with Anheuser-Busch-owned Breckenridge Brewery on a barrel and beer-aged whiskey under the banner Buddy Pass. The collaboration comes weeks […]
Oklahoma Claims Special Election for Marijuana Legalization Initiative During March 2023
The governor of Oklahoma has officially called for a special election in March 2023 for voters to decide on marijuana legalization. Activists had pushed to place the cannabis reform measure on next month’s ballot, but it faced obstacles in the state Supreme Court after complaints were filed and procedural deadlines passed. Now Gov. Kevin Stitt […]
What to Study for a Cannabis Farming Career
Has cannabis cultivation just been legalized in your Country, State, or Province, and you are interested in starting a new career in cannabis cultivation? You will need to learn many things to be successful in this new career. Sure, you will need to know how to grow cannabis, and not only good cannabis but great […]
Cantor Ranks Possible M&A Cannabis Goals
Cantor thinks M&A will pause now. Cantor Fitzgerald analyst Pablo Zuanic took the temperature of the cannabis M&A (merger and acquisition) landscape. While he thinks the activity will be cooled off for now, he did list his potential targets. Last week, the blowup of the Verano and Goodness Growth deal seemed to spark the analyst’s decision to see […]
Two CBD Cultivars Urbanized In U.S Approved for European Plant Collection
Two new CBD hemp cultivars developed in the United States have been accepted for inclusion in the EU Common Catalogue of Plant Varieties. A Bulgarian company is marketing them. CBD Seed Europe said €500,000 was invested in developing the varieties “Midwest” and “Northwest.” The company claims that the CBD levels in the cultivars can reach […]