Legalising cannabis in Aotearoa New Zealand: What does the evidence say?
Marijuana Industry News July 8, 2020 0
The Office of the Prime Minister’s Chief Science (PMCSA) has released an accessible evidence summary today, titled ‘Legalising cannabis: What does the evidence say?’ Produced by a multidisciplinary expert panel, the internationally peer-reviewed summary is designed to support informed decision making in the upcoming cannabis referendum. The panel was... Read more
This VC firm predicted big cannabis would shrink. What happens next?
Marijuana Industry News July 8, 2020 0
Narbe Alexandrian did not see COVID-19 coming, and that’s okay. As chief executive officer of the cannabis venture capital firm Canopy Rivers (RIV.TO), he’s not in the business of predicting pandemics. What he did see prior to 2020 were cracks forming in the business model that has dominated legal... Read more
Too much product, some high-profile bankruptcies and continued regulatory uncertainty contributed to making 2019 a tough year for hemp growers, but proponents of the versatile plant say it’s still viable in the long term for uses including CBD (short for cannabidiol), food and fiber. More than 500,000 acres were... Read more
Cannabis Firms See Jump in Insurance Costs to Protect Leaders as Investors Sue
Marijuana Industry News July 8, 2020 0
TORONTO — Canadian and U.S. cannabis companies are facing a spike in already high costs of insurance to protect top executives from personal liability, following a slew of lawsuits by disgruntled investors alleging fraud and misinformation, with more such action expected. Some of the biggest cannabis companies, including Medmen... Read more
How to avoid heavy-metal accumulation in your hemp crop
FeaturedIndustrial Hemp NewsMarijuana Laws, Regulations, & Politics July 8, 2020 0
(Editor’s note: This story is part of a recurring series of commentaries from professionals connected to the hemp industry. Derek Du Chesne is president of Exactus Hemp.) Let’s face it – the hemp industry is dealing with a huge problem, and it’s hurting everyone in the industry, especially growers... Read more
Texas town authorizes $2.8 million to lure decortication plant
Industrial Hemp NewsMarijuana Laws, Regulations, & Politics July 8, 2020 0
A north Texas town courting a new hemp decortication facility has authorized $2.8 million worth of incentives to lure Panda Biotech to its town. Wichita Falls officials say the potential processing site could draw some $90 million in investment from Panda Biotech and employ up to 50 people, the... Read more
Canadian hemp company buys stake in Germany growing operation
Industrial Hemp NewsInternational NewsMarijuana Laws, Regulations, & Politics July 8, 2020 0
A Canadian hemp company has bought a 5 percent ownership stake in a German hemp company with an outdoor growing operation of more than 1,200 acres. EuroLife Brands, based in Toronto, said it is issuing 500,000 common shares valued at $250,000 and a cash payment of $35,000 for its... Read more
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Ryan Allway July 8th, 2020 Future Farm Continues Financial, Strategic and Administrative Support for High Purity’s Cutting-Edge Sales and Advanced Manufacturing Operation High Purity’s Team, Built by Industry Leader Mike Matton, Brings Outstanding Expertise Core Strategy of the Combined Company is Increasing Market Share in the Health and Wellness... Read more
CHICAGO, July 7, 2020 /PRNewswire/ — Green Ivy Capital, LLC (“Green Ivy Capital”), an affiliate of Chicago Atlantic Group, LLC (“Chicago Atlantic”), announced today it acted as sole lead arranger and administrative agent on a new $30 million senior secured term loan facility (the “Term Loan Facility”) for Verano Holdings, LLC (“Verano”). The Term Loan Facility... Read more
