A Florida appellate court ruled on Tuesday that a law enacted to license cannabis providers in the state does not comply with the amendment that legalized medical marijuana and is therefore unconstitutional. The ruling by the 1st Court of Appeals in Tallahassee held that the law requiring cannabis businesses... Read more
A video of a drug bust released Thursday by the United States Coast Guard looks like a scene out of a Hollywood action movie.  The footage shows members of the Coast Guard in pursuit of a semi-submarine—a vessel that was partially underwater, and partially exposed—that had been barreling through... Read more
Florida-based cannabis company Bhang went public on Thursday, with shares in the company beginning trading on the Canadian Stock Exchange. Shares in the company are listed under the ticker symbol BHNG and were up more than 70 percent in Friday morning trading. Bhang currently owns a family of eight... Read more
Innovative Industrial Properties Prices Public Offering of 1,300,000 Shares of Common Stock SAN DIEGO, July 12, 2019–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today the pricing of an underwritten public offering of 1,300,000 shares of its common stock at $126.00 per share for gross proceeds of... Read more
The State of Hawaii decriminalized possession of small amounts of cannabis on Tuesday after an attempt by lawmakers to legalize the recreational use of marijuana failed earlier this year. Under the measure, House Bill 1383, possession of up to three grams of cannabis will no longer be subject to... Read more
The House Judiciary Subcommittee on Crime, Terrorism, and Homeland Security held a hearing today on the impact of marijuana laws in America. Despite the wave of cannabis progress, and products, sweeping the country coast to coast, marijuana arrests rose in America last year for the second year in a... Read more
With support from the state’s Republican governor, North Dakota moved on Wednesday to allow thousands of individuals to potentially wipe their slate clean of low-level marijuana convictions. The state’s pardon advisory board unanimously approved the policy change, clearing the way for those residents to apply for a pardon for... Read more
American Eagle Outfitters will begin selling CBD personal care and wellness products at nearly 500 of its stores and online, according to a release from Green Growth Brands (GGB), the clothing retailer’s partner in the new venture. The move by American Eagle marks the latest foray into the burgeoning... Read more
Later this July, Pennsylvania’s list of 21 conditions that qualify for medical marijuana treatments will grow to 23. On Thursday, Pennsylvania’s Department of Health approved the addition of two new qualifying conditions: anxiety and Tourette Syndrome. According to Health Secretary Dr. Rachel Levine, the decision to add the two... Read more
NEW YORK and TORONTO, July 11, 2019 /PRNewswire/ – CBD For Life (the “Company”), a subsidiary of iAnthus Capital Holdings, Inc. (“iAnthus”) (CSE: IAN,OTCQX: ITHUF), which owns, operates, and partners with best-in-class regulated cannabis operations across the United States, is pleased to announce that it is continuing to expand its retail presence with a partnership with Dillard’s, Inc. The Company’s... Read more
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