As Texas lawmakers returned to work for a new session this week, leaders of both chambers of the state’s legislature said they expect to see action on marijuana bills this year, particularly when it comes to expanding the state’s limited medical cannabis program.
This past year has been game-changing for the industry. Cannabis was deemed essential, and regulators showed a willingness to quickly revise and roll out emergency rules allowing for online ordering and more flexible delivery options. These changes advanced the industry by several years in a short period of time... Read more
Over a short period of time, our society has seen a rapid increase in the interest and availability of cannabidiol (CBD) products and other products derived from cannabis. However, we still have a limited understanding of the safety profile of CBD and many other cannabis-derived compounds, including potential safety... Read more
Colorado marijuana sales in November pushed the industry’s annual revenue to $2 billion for the first time. In November, dispensaries sold $175.1 million worth of products, according to figures released by the Department of Revenue on Tuesday. Recreational sales accounted for about $140.5 million, while medical sales accounted for nearly... Read more
New York Gov. Andrew Cuomo (D) vowed on Monday that his state will legalize recreational cannabis as he begins ramping up efforts in the new year to green-light legislation to legalize it. “We will legalize adult-use recreational cannabis, joining 15 states that have already done so,” he tweeted on Monday. The move, Cuomo... Read more
January 13, 2021 by AggregatedNews Leave a Comment The president-elect has reluctantly embraced decriminalizing marijuana, but he could struggle to change laws. President-elect Joe Biden built part of his political career on being known as a fighter in the “war on drugs,” supporting legislation as a senator that set... Read more
Molson Coors Beverage Co. says it has launched CBD drinks in Colorado through TRUSS CBD USA, its joint venture with HEXO Corp. The beverage line will be available in three flavors – Grapefruit Tarragon, Strawberry Hibiscus and Blueberry Lavender under the name, “Verywell,” Molson Coors and HEXO said Wednesday.... Read more
Some $13 billion in additional agricultural aid for pandemic-impacted farmers should start going out by end of month. Agriculture Undersecretary Bill Northey says the funds could go out even before the inauguration of President-elect Joe Biden on Jan. 20. “We certainly have some things we would like to be... Read more
This story first appeared at Marijuana Business Daily International. United Kingdom-based GW Pharmaceuticals expects to report annual sales of approximately $526 million for the year ended Dec. 31, 2020, it said in a preview of its fourth quarter and full-year results. Fourth-quarter net sales will be approximately $148 million,... Read more
Vext Announces Upsize to Bought Deal Public Offering VANCOUVER, BC, Jan. 13, 2021 /CNW/ – Vext Science, Inc. (CSE: VEXT) (OTCQX: VEXTF) (“VEXT” or the “Company”), is pleased to announce that it has amended the terms of its previously announced offering of units of the Company. Under the amended... Read more
