Big Tobacco is finally ready to say, pass that dutch. Altria Group Inc., the biggest U.S. cigarette company, is reportedly in talks to buy a stake in Aphria Inc., one of a growing number of Canadian cannabis producers that’s attracted the attention of investors this year. The discussions were... Read more
Emerald Health Pharmaceuticals of San Diego has begun using a marijuana-derived therapy to experimentally treat small numbers of people who suffer from multiple sclerosis and scleroderma, a pair of autoimmune diseases. The small, phase 1 safety trial involves CBD, a compound found in marijuana. CBD has caught the attention... Read more
Drinks infused with marijuana-derived compounds could swell to become a $600 million market in the U.S. within the next four years, outpacing the growth of other categories of retail cannabis products, according to analysts at Canaccord Genuity. Beverages with CBD or THC ingredients could grow to capture about 20... Read more
Even the most ardent marijuana lovers can’t deny it: The plant, at least to some noses, stinks. Marijuana odors have triggered lawsuits against cannabis companies. They’ve also led residents to try to block commercial operations from coming to California and the other eight states where recreational cannabis is legal... Read more
Canopy Growth Corp. is prepared to enter the U.S. market if new legislation forces the federal government to respect state laws on marijuana, according to its chief executive officer. The STATES Act, which stands for Strengthening the Tenth Amendment Through Entrusting States, is a bipartisan bill that would clear... Read more
The man is coming for your pot business. Big pharmaceutical, tobacco, and packaged-goods companies are likely to move into the burgeoning marijuana sector next after initial forays by alcohol companies including Constellation Brands Inc., Molson Coors Brewing Co. and Heineken NV, industry experts said. “Companies that I wouldn’t have... Read more
Call it the erosion of the Jeff Sessions valuation gap. U.S.-focused cannabis stocks, once considered a risky play on a legally iffy product, are seeing heightened levels of investor interest while their Canadian peers drift back to Earth. This is shrinking the discount for U.S. pot companies that was... Read more
One in five batches of marijuana has failed laboratory testing since new state safety requirements kicked in July 1, according to data from the California Bureau of Cannabis Control. Failures have been triggered by inaccurate labeling or contamination from pesticides, bacteria or processing chemicals. Dr. Raquel Keledjian, lab director,... Read more
Cannabis retailers soon may be able to deliver marijuana anywhere in California, no matter what city or county rules say. Also, it’s likely that medical marijuana patients will be allowed to buy edibles infused with cannabis that’s more potent than currently permitted under state law. And on another front,... Read more
Lagunitas Brewing Co. of Petaluma is delving deeper into the cannabis industry, announcing the launch of a new THC-infused sparkling beverage. The drink, named Hi-Fi Hops, only will be available at licensed cannabis dispensaries in California starting July 30. It will come in two varieties, including one containing 10... Read more