Marijuana Business News

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Thu
19
Jul

During the 'war on drugs' he was a Reagan lawyer; now he owns a marijuana farm

Edward Weidenfeld is a successful Washington lawyer with ties to the political elite. He has worked as a senior adviser to six U.S. Presidents, including serving as general counsel to Republican Ronald Reagan’s 1980 presidential campaign.

The 75-year-old is also part owner of a large-scale marijuana farm: a large warehouse in northeastern Washington.

Weidenfeld co-owns Phyto Management, which grows and sells medical marijuana to registered dispensaries in the nation’s capital.

And he is not only an owner. He is a user of medical marijuana to relieve the symptoms of Parkinson’s, which affects his speech.

Wed
18
Jul

Health Canada warns cannabis companies against advertising at music festivals and other events

As the country moves closer to legalization, Health Canada is warning cannabis companies currently sponsoring music festivals and other events that they need to comply with advertising regulations or they could risk serious consequences.

Promoting cannabis brands is being viewed similarly to the way tobacco is promoted, which is essentially not at all. Cannabis companies are therefore rushing to promote their brand ahead of legalization.

The law will not take effect until October 17, the official date set for nationwide legalization.

Companies who do not comply with the law risk having their licensed suspended, fines as high as $5 million and possible jail time, said Health Canada in a public notice.

Wed
18
Jul

How recreational cannabis will be packaged in Canada

Different regulations for cannabis and tobacco packaging is reasonable, says public health expert.

Wed
18
Jul

Canada: This tiny reserve is set to be the first in New Brunswick to become a licensed cannabis producer

A small First Nation's community on the border of Quebec and New Brunswick is making a big move in the cannabis industry. Madawaska is set to become the first reserve in New Brunswick to operate a licensed cannabis producer, writes Calvin Hughes.

Wed
18
Jul

Many cannabis products will remain under illicit status with Canadian Cannabis legalization

Though Justin Trudeau’s government has promised an October 17 legalization date, it’s unlikely that the black market in Canada will be going anywhere any time soon since so many products critical to the industry will remain under illicit status.  

The government has decided that more time is necessary to research the “unique risks” associated with cannabis products other than dried flower and oil.

Edibles, cannabis-infused beverages and cannabis used for vaping will remain banned for at least a year following this October’s legalization date.

Wed
18
Jul

California bans hemp-derived CBD from all food products

California health authorities dealt a blow to the burgeoning CBD industry by banning preparations of CBD derived from industrial hemp rather than psychoactive cannabis. The decree adds to the legal confusion around the cannabinoid and highlights the need for greater clarity from authorities at both the state and federal level.

Despite the fact it has received little media attention, a recent decision from Sacramento bureaucrats has potentially far-reaching implications for the cannabis industry — and for patients who have come to rely on CBD to treat a wide range of ailments.

Wed
18
Jul

How do you consume your cannabis?

Cannabis is so much more than that puff of smoke in the air. Recently, there have been several new and emerging methods of consuming cannabis for both medical and recreational purposes that are more convenient and allow users more discretion.

With the medicinal use of cannabis becoming more widespread, innovation has allowed for alternatives to smoking, especially for medical purposes, in order that more people can reap the benefits of cannabis in a way that is suited to their individual needs.

Inhalation

Wed
18
Jul

Budding business: how cannabis could transform Lebanon

Budding business: how cannabis could transform Lebanon.

The town of Brital, in Lebanon’s Bekaa Valley, is a jarring contrast of poverty and ostentatious wealth. Busted-up old vans drive on potholed roads next to gleaming Bentleys and Range Rovers with no number plates and blacked-out windows. Unemployment is rife, and yet the landscape is dotted by large gated mansions.

Wed
18
Jul

Michigan's first licensed medical marijuana facilities in limbo

Last week the first businesses in Michigan gained approval for licenses from the state's Medical Marihuana Licensing Board -- but that doesn't mean they can use that new license yet to distribute medicine to patients. 

A total of seven licenses were approved last week -- with four of the licenses going to one grower in Chesaning. An Ann Arbor provisioning center, an Ann Arbor processor and a Lansing transporter all received licenses. "Technically they could open their doors right away," said David Harns, spokesman for the state's Bureau of Medical Marihuana Regulation. However, a key step in the state's new system -- a safety compliance facility where medicinal marijuana would be tested -- has not yet been licensed in Michigan.

Wed
18
Jul

3 Cannabis industry headlines you need to know

The cannabis sector was under pressure yesterday and we have been monitoring the recent decline.

Over the last few weeks, the Canadian cannabis sector has been under considerable pressure and this is a trend that investors need to keep an eye on.

Although companies have been reporting significant developments, the sector has been trending lower and this has put pressure on even the best run businesses. Today, we highlighted 3 company announcements that we think investors need to be aware of.

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