An Elon University poll has found growing support among North Carolina residents for legalizing marijuana for recreational use and continued strong support for allowing medical use. Nearly two-thirds of the state’s adults say they do not believe marijuana use is morally wrong and support reducing penalties for marijuana possession, saying that legalization would boost the […]
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North Dakota House green-lights bill allowing edible medical marijuana
The North Dakota House of Representatives has endorsed a bipartisan bill that would allow the state’s eight medical cannabis dispensaries to sell edible products. The lower chamber voted 63-31 on Thursday, Feb. 18, to send House Bill 1391 to the Senate. The proposal would allow more than 4,600 registered medical marijuana patients to buy lozenges containing up […]
Dogged Attempt To Unleash CBD Pet Market Brought To Heel By Veterinary Authorities
AN attempt by Europe’s largest cannabis trade group to open up one of the CBD’s fastest-growing niches to its members has left it with its tail between its legs. As things stand in the UK cannabidiol (CBD) should only be administered to pets as a medicine under the supervision of a registered Vet. However, many […]
5 Predictions for the Global Cannabinoid Market in 2021
by Dennis O’Neill 2020 has been a transformative year for the cannabis industry. A new presidential administration, several states legalizing cannabis, the passage of the MORE Act in the House, and breakthroughs in biosynthesizing rare cannabinoids were just a few major milestones in a turbulent year. As we begin a new year, what developments can […]
Flower One Provides Update On Convertible Debenture Interest Payment
PRESS RELEASE Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, announced today that it does not intend to make the applicable interest payments due on December 31, 2020 related to its Unsecured Convertible Debentures issued in March 2019 and […]
9 Things to Consider When Raising Capital for Startups in Europe
Since my first job on Wall Street at Lehman Brothers, I was taught to raise money. And now, with a landmark vote by the EU to reclassify cannabis as medicine, the race to raise cannabis money is on. Europe has watched cannabis reform unfold in the US and Canada for some time; European countries have […]
If You Have Only Protected Your Cannabis Business Using the Minimum Security Required by Law, YOU ARE NOT SECURE
This year has been filled with what has been termed peaceful protests. Unfortunately, the reality is these peaceful protests have left an undetermined amount of damage in their wakes sure to total tens of billions of dollars across the U.S. Many businesses have been damaged and looted with no rhyme nor reason as to the […]
Cresco Labs Closes Financing With Lenders to Extend Maturity of Senior Secured Term Loan and Increase Facility to $200 Million
PRESS RELEASE CHICAGO–(BUSINESS WIRE)– Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today the closing of the agreement with lenders to extend the maturity of its senior secured term loan (the “Senior Loan”) and exercise of the mutual option to increase […]
Restoration Of Sanity To European CBD Market Boosts German Cannabis Firm’s $4.8m Fundraise
GERMAN cannabis firm Sanity kept a clear head to secure $4.8m of new investment – despite the European Commission’s recent narcotic CBD implosion. Its latest successful fund-raising round involves a number of high profiles celebrity investors including Black Eyed Peas frontman Will.iam, US actress Alyssa Milano and German international footballer Mario Goetze. Co-CEO Finn Hänsel, who is also chairman […]
European Commission Scraps Moves To Brand CBD A Narcotic – And Cap A Winning Day For Cannabis Industry
THE KanaVape judgement has forced the hand of the The European Commission which has now revised its preliminary determination that CBD (cannabidiol) should be treated as a narcotic. In what has turned out to be a momentous day for the cannabis industry the European Industrial Hemp Association (EIHA) last night said to it was turning its attention to […]
