State Treasurers Group Endorses Marijuana Banking Legislation

State Treasurers Group Endorses Marijuana Banking Legislation

“The National Association of State Treasurers adopted a resolution on Friday announcing that the organization “supports common sense federal laws and regulations to provide essential banking services to state legalized cannabis businesses, promote public safety and financial transparency, and facilitate local, state and federal tax and fee collection.” – Marijuana Moment

Mom And Dad, I'm Going To Cannabis School

Mom And Dad, I'm Going To Cannabis School

“A few years ago, when Michigan was considering legalizing cannabis, officials at Northern Michigan University asked faculty to come up with “futuristic leading-edge academic majors.” The result: Students from around the country can now enroll in a cannabis-centric medicinal chemistry program, which has grown to 230 students in just two years.” – Forbes

Media Veteran Suing Facebook Over Cannabis Ban, Represented Pro Bono By NORML's David Holland

Media Veteran Suing Facebook Over Cannabis Ban, Represented Pro Bono By NORML's David Holland

“Ms. Palmer, founder of the longest-running hip-hop news website in the world, SOHH.com, and her new company, Cannaramic Media, Inc., are commencing federal, civil action against Facebook, Inc., the social media behemoth running Facebook and Instagram, after a series of ads intended to promote the company’s educational Cannaramic Online Summit were rejected on the platforms, and the company’s follower page was disabled temporarily.” – Forbes

Misunderstood | A Brief History of Hemp in the US

Misunderstood | A Brief History of Hemp in the US

Natural. Misunderstood. Legal. This is the story of hemp in the United States. A forbidden fiber in the U.S. since 1970, hemp has taken the heat for almost five decades. Until the Farm Bill passed in December of 2018, hemp was federally illegal to grow for commercial purposes, making it risky for businesses to invest in a new crop that was incorrectly classified as a drug. Visit Patagonia.com/hemp to learn more.

Asia’s medical cannabis market could eclipse US$5.8 billion by 2024, report says

Asia’s medical cannabis market could eclipse US$5.8 billion by 2024, report says

“The medical cannabis market in Asia could exceed US$5.8 billion by 2024 if it is legalised across the region, but further legalisation is not likely in China and Hong Kong in the near future, according to a new research report.” – South China Morning Post

Gov. Cuomo Bails on New York Cannabis Legalization

Gov. Cuomo Bails on New York Cannabis Legalization

“In interviews last week, Cuomo essentially called it quits on cannabis legalization in New York for the time being. After legalization failed to pass in the state’s budget last month, legislators and the governor alike vowed to work on a standalone bill that they could pass in the current legislative session, which ends on June 19. Yet in the midst of their progress—a revised bill will likely be unveiled this week—the governor’s public statements undermined cannabis advocates in the State Assembly, and made it clear he is uninterested in pushing the bill.” – Leafly

Tilray to Invest Additional $32.6 Million to Increase Canadian Production and Manufacturing Capacity

Tilray to Invest Additional $32.6 Million to Increase Canadian Production and Manufacturing Capacity

Tilray Inc. a global pioneer in cannabis research, cultivation, production, and distribution, today announced an investment of US$32.6M to increase the company’s Canadian cannabis production and manufacturing footprint by 203,000 square feet across three facilities. This investment will expand Tilray’s total production and manufacturing footprint from 1.1 million to 1.3 million square feet worldwide. – NCV Newswire

Aurora Cannabis and Radient Technologies Announce First Commercial Delivery of Cannabis Derivatives

Aurora Cannabis and Radient Technologies Announce First Commercial Delivery of Cannabis Derivatives

“Aurora Cannabis Inc. and Radient Technologies Inc. announced today that Aurora has taken delivery of Radient’s first commercial batch of finished cannabis derivatives, from Radient’s proprietary extraction platform.” – NCV Newswire

Barclays estimates US weed market would be $28 billion if legalized today, growing to $41 billion by 2028

Barclays estimates US weed market would be $28 billion if legalized today, growing to $41 billion by 2028

“Marijuana would become a major sector overnight if legalized across the nation, with tens of billions of dollars in revenue for governments at all levels, Barclays said in a report Wednesday. “We estimate that the total US cannabis market, if legalized today, could be worth $28 billion, increasing to $41 billion by 2028 on a pre-tax basis,” Barclays analysts said in a note to investors.” – CNBC

Why Cannabinoid Biosynthesis Will Have a Significant Role in Fueling the Growth of Global Cannabis Brands

Why Cannabinoid Biosynthesis Will Have a Significant Role in Fueling the Growth of Global Cannabis Brands

“Cannabinoid biosynthesis is an emerging technology that holds the promise of producing THC, CBD, and other cannabinoids at a fraction of the cost of traditional agriculture practices. With key players in this technology emerging and large cannabis companies investing in the science, it is a question of when, not if, this technology will dramatically change the cannabis supply chain. Ben Chiarelli, the Founder and CEO of cellular agriculture company Cellibre, spoke with New Cannabis Ventures about how this technology works, what it will take to commercialize it, and how it will help build global cannabis brands.” - New Cannabis Ventures

Former MedMen CFO adds new allegations to lawsuit against cannabis company

Former MedMen CFO adds new allegations to lawsuit against cannabis company

“James Parker, former chief financial officer for marijuana company MedMen, has come forward with new allegations of wrongdoing against his former employer by adding two more causes of action to the breach of contract lawsuit he filed in January.” – MJBizDaily

Illinois Lawmakers Release Marijuana Legalization Details

Illinois Lawmakers Release Marijuana Legalization Details

“The state is seen by cannabis reform supporters as one of the movement’s strongest opportunities to end prohibition in 2019. Gov. J.B. Pritzker (D) campaigned on legalization last year, and legislative leaders support the idea. But, until now, the specifics of how the state might craft a legal marijuana market have remained elusive.” - Marijuana Moment

Complete Guide to Women’s Health and CBD Oil

Complete Guide to Women’s Health and CBD Oil

“Cannabidiol is an active ingredient of cannabis. Even though the benefits of this plant for women’s health are widely known, the story is different with CBD oil. People started using the oil recently, so there isn’t much evidence that would provide assurance about its contribution to health. In addition, the lack of research and testing add to the insufficient information about this oil. However, the oil has already helped many women deal with health problems. So, we’re giving you the complete guide to CBD oil’s effect on women’s health.” – Women Action Media

CEO of pot producer Cronos talks about Altria deal, weed drinks and the rise of CBD

CEO of pot producer Cronos talks about Altria deal, weed drinks and the rise of CBD

“MarketWatch sat with Gorenstein in the company’s downtown Toronto offices this week to discuss his outlook on the cannabis market, how he’s handling the Altria deal and how the cannabis industry is evolving, especially in terms of its use of related services.” Market Watch

Former Senior Executive of Kellogg Company to Lead Charlotte’s Web as CEO

Former Senior Executive of Kellogg Company to Lead Charlotte’s Web as CEO

Charlotte’s Web Holdings, Inc. the market leader in hemp-derived CBD extract products, is pleased to announce that Adrienne “Deanie” Elsner, former President of U.S. Snacks division at Kellogg Company, will join the Company as its Chief Executive Officer effective May 15, 2019.

Deutsche Bank AG Acquires 93,136 Shares of Canopy Growth Corp (CGC)

Deutsche Bank AG Acquires 93,136 Shares of Canopy Growth Corp (CGC)

“Deutsche Bank AG grew its holdings in Canopy Growth Corp (NYSE:CGC) by 111.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 176,861 shares of the marijuana producer’s stock after buying an additional 93,136 shares during the period. Deutsche Bank AG owned 0.05% of Canopy Growth worth $4,749,000 as of its most recent filing with the Securities & Exchange Commission.” - FIDaily

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