Colorado Gov. Jared Polis signed a bill into law Monday that allows him to mass-pardon Coloradans with minor marijuana possession convictions, although he has not said exactly how the process will work. Lawmakers passed House Bill 1424 on June 15, the last day of the 2020 legislative session. The... Read more
Officials from the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued guidance Monday to address banks’ questions about servicing hemp-related business customers. The guidance reminds banks that filing Suspicious Activity Reports (SARs) is not necessary when working with hemp businesses because hemp is federally legal and no longer... Read more
The World Health Organization’s proposal to exempt plant-derived CBD extracts and tinctures with less than 0.2% THC from international control under a United Nations narcotics convention could be difficult to enforce, a U.N. monitoring body has said. The International Narcotics Control Board said authorities in some countries may lack... Read more
CBD’s surge in popularity over the last few years was a surprise to the hemp industry, which first envisioned other uses for the plant, including fuel and fiber for textiles, according to a Denver-based attorney. “Laws are shaped by the products and activities we envision,” Andrew Livingston, director of... Read more
Innovative Industrial Properties Upsizes and Prices Public Offering of Common Stock SAN DIEGO, June 30, 2020–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today the upsize and pricing of an underwritten public offering of 2,683,363 shares of its common stock at $83.85 per share for gross proceeds... Read more
GrowGeneration Announces Pricing of $42.0 Million Upsized Public Offering of Common Stock DENVER, June 30, 2020 /PRNewswire/ – GrowGeneration Corp. (NASDAQ: GRWG), (“GrowGen” or the “Company”), the largest chain of stand-alone specialty hydroponic and organic garden centers, currently with 27 locations, today announced the pricing of an underwritten public offering of 7,500,000 shares of its... Read more
If you aren’t familiar with the TCPA, you should familiarize yourself with this important statute that is currently sparking a ton of litigation in the cannabis industry. The TCPA stands for the Telephone Consumer Protection Act – a statute that was passed in 1991 to fight the incessant “robocalls” that were plaguing consumers at the […]
TORONTO, June 29, 2020 /CNW/ – Dynaleo, the Edmonton, AB manufacturer of premium cannabis-infused gummies, has signed a letter of intent with its first international partner. Dynaleo, part of Canopy Rivers’ portfolio of disruptive cannabis companies, made the announcement a week after they received their Standard Processing License from Health Canada. “We are... Read more
TORONTO, June 29, 2020 /CNW/ – PharmaCielo Ltd. (the “Company” or “PharmaCielo“) (TSXV:PCLO) (OTCQX: PCLOF) is pleased to announce that it has filed a (final) short form prospectus with the securities regulatory authorities in British Columbia, Alberta, Ontario and Quebec in connection with its previously announced $4 million “bought deal” offering of common shares (the “Offering“), co-led by Cormark... Read more
Ryan Allway June 30th, 2020 June 30, 2020 07:30 ET | Source: Radient Technologies Inc EDMONTON, Alberta, June 30, 2020 (GLOBE NEWSWIRE) — Radient Technologies Inc. (“Radient” or the “Company”) (TSX Venture: RTI; OTCQX: RDDTF), a manufacturer of high quality cannabinoid-based formulations and products, has received a Health Canada license amendment for the sale... Read more
