The Liquor and Cannabis Board in the state of Washington said Wednesday that it has reached a settlement with Unicorn Brands LLC over a “a year-long investigation and multiple Administrative Violation Notices (AVNs) for creating synthetically-derived THC from hemp and distributing it into the state-regulated cannabis market.” The board... Read more
The Japanese Ministry of Health, Labour, and Welfare stated on Sept. 29 that it recommends an amendment to the country’s drug law, known as the Cannabis Control Act. According to Reuters, the agency expressed the need to allow cannabis to be imported and permitted for medical use, which would... Read more
After breaking a long negative streak in July of 17 straight months down and then a rally of 4.3%, the Global Cannabis Stock Index fell 1.3% in August. In September, it posted a new all-time closing low on 9/30 at 11.26 and ended the month down 25.9%: After a 26% decline in... Read more
Greenlane Announces Sale of Headquarters Building For $9.95 Million BOCA RATON, FL / September 29, 2022 / Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (NASDAQ:GNLN), one of the largest global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced the sale of its company headquarters... Read more
Northern Lights Acquisition Corp. Completes Business Combination Acquires SHF, LLC d/b/a Safe Harbor Financial from Partner Colorado Credit Union Changes Name to SHF Holdings, Inc. SHF Holdings’ Class A Common Stock to Trade on the Nasdaq Capital Market under the Symbol SHFS Starting September 29, 2022 NEW YORK, Sept. 29, 2022 /PRNewswire/ — SHF... Read more
The deadline for the first adult-use cannabis dispensary licenses in New York arrived on Monday, and now hundreds of applicants await feedback from the state. Monday’s deadline came a month after the state’s Office of Cannabis Management officially opened the application portal on August 25. Since then, the agency... Read more
Ascend Wellness Holdings Initiates Leadership Transition Plan Daniel Neville, CFO, and Frank Perullo, President, Named Interim Co-CEOs; Board Commences Search for CEO to Support Next Phase of Growth Abner Kurtin Becomes Executive Chairman of the Board NEW YORK, Sept. 28, 2022 /PRNewswire/ – Ascend Wellness Holdings, Inc. (“AWH” or... Read more
British American Tobacco announced Monday that it has acquired a non-controlling minority stake in the Berlin-based marijuana startup Sanity Group GmbH. Kingsley Wheaton, the chief growth officer at BAT, characterized the deal as an example of the company’s “ongoing work to explore numerous areas beyond nicotine, positioning BAT for... Read more
Exclusive Interview with 22nd Century Group CEO Jim Mish 22nd Century Group (NASDAQ: XXII) is a plant-based biotechnology that operates three business segments: tobacco, cannabis/hemp and hops. The company aims to stabilize new plant strains and bring them to market. It started in the tobacco space and then moved... Read more
Canopy Growth Announces Divestiture of Canadian Retail Operations Decision supports the Company’s strategic objectives including streamlining Canadian operations, achieving profitability, and advancing a premium brand-driven portfolio for consumers SMITHS FALLS, ON, Sept. 27, 2022 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) announced today that the Company... Read more
