By Greg Kaufman and Amanda Oliveira Did you know, that as an officer or director of a company, you can be sued by shareholders for actions or inaction in violation of your fiduciary duties? Anyone watching the cannabis space is aware of the significant increase in class action litigation... Read more
Maine predicts 1st recreational cannabis sales by end of year
MaineMarijuana Industry NewsRecreational Marijuana July 31, 2020 0
Mainers should be able to buy legal recreational marijuana by the end of the year. The state Office of Marijuana Policy delayed its planned June launch of the adult-use market because of the COVID-19 pandemic but now expects to allow the first wave of recreational marijuana testing labs, grow facilities and... Read more
The U.S. House votes to ban the U.S. Justice Department from enforcing the federal ban on cannabis
Marijuana Industry News July 31, 2020 0
The U.S. House voted Thursday to ban the U.S. Justice Department from enforcing the federal ban on cannabis in any state that has legalized the drug for any purpose. The amendment to the legislation funding several federal agencies for the 12 moths beginning Oct. 1 passed, 254-163, with 31... Read more
Guam’s cannabis board completes review of draft rules; penalty provisions pending
Marijuana Industry NewsRecreational Marijuana July 31, 2020 0
The Cannabis Control Board on Thursday completed its review of the draft recreational cannabis regulations, with the caveat that provisions on civil penalties will be added later, among other things. “It’s very difficult to regulate (an industry) when there is no penalty or teeth to the regulations,” said CCB... Read more
New Poll Determines Majority of New Jersey Voters Support Adult-Use Cannabis Legalization
Marijuana Industry News July 31, 2020
Multistate cannabis operator Red White & Bloom Brands (RWB) announced July 22 that it had signed a binding letter of intent to acquire Platinum Vape, a producer of vape cartridges, edibles and flower that is spearheaded by father-and-son team George and Cody Sadler. Previously focused on the Michigan, Illinois,... Read more
Multistate cannabis operator Red White & Bloom Brands (RWB) announced July 22 that it had signed a binding letter of intent to acquire Platinum Vape, a producer of vape cartridges, edibles and flower that is spearheaded by father-and-son team George and Cody Sadler. Previously focused on the Michigan, Illinois,... Read more
FSD Pharma Announces Decision to Surrender Health Canada Licenses for Subsidiary FV Pharma Inc.
Marijuana Industry News July 31, 2020
Multistate cannabis operator Red White & Bloom Brands (RWB) announced July 22 that it had signed a binding letter of intent to acquire Platinum Vape, a producer of vape cartridges, edibles and flower that is spearheaded by father-and-son team George and Cody Sadler. Previously focused on the Michigan, Illinois,... Read more
‘If you listen to the consumer, you’re going to be right’: Q&A with Neptune Wellness CEO Michael Cammarata
FeaturedIndustrial Hemp NewsMarijuana Laws, Regulations, & Politics July 31, 2020 0
(This is an abridged version of a feature that appears in the July issue of Marijuana Business Magazine.) How did a dyslexic 13-year-old who learned how to program computers, manage a mainstream pop band and build and sell a national deodorant brand come to lead a cannabis business? Michael... Read more
FDA reissues post on recall of lead-contaminated CBD oil from Florida manufacturer
Industrial Hemp NewsMarijuana Laws, Regulations, & Politics July 31, 2020 0
The U.S. Food and Drug Administration has updated a post on its website to spread the word about a Florida company that recalled a batch of CBD oil after a state agency tested the product and found that it contained dangerous levels of lead. Summitt Labs is voluntarily recalling... Read more
Switzerland refunds $36M in taxes levied on low-THC cannabis growers, sellers
CBDIndustrial Hemp NewsInternational NewsMarijuana Laws, Regulations, & Politics July 31, 2020 0
Swiss customs officials have returned approximately CHF 33 million ($36 million) to low-THC cannabis flower producers and sellers after a court said their products were unconstitutionally taxed as a tobacco substitute. CBD sellers in Switzerland had taken legal action to protest the 25% sales tax imposed on their goods... Read more
