Aurora Cannabis Increases Stake In Hempco To 35%

This amended license brings the Company one step closer to increasing its global presence as the prominent industry leader in cannabis innovation, production, and distribution of high-demand cannabis strains.

CANADA: Aurora Cannabis and Hempco Food and Fiber announced that Aurora has exercised 10,558,676 warrants to purchase common shares of Hempco for total proceeds of $4.3 million to Hempco. Consequent the warrant exercise, Aurora now owns 21,117,352 Hempco common shares, reflecting an ownership interest of approximately 35%. “With this further investment by Aurora we are now very well capitalized Read the full article…

Tilray Forms Strategic Alliance With Leading Pharmaceutical Company In Canada

Agreement represents major milestone recognizing medical cannabis as a conventional medicine for patients in need

CANADA: Tilray, a federally licensed producer of medical cannabis, announced today that it has signed a binding letter of intent (LOI) to be the exclusive collaborator of a major pharmaceutical company to accelerate innovation and increase availability of high quality medical cannabis products. Through this LOI and the anticipated definitive agreements, Tilray is allied with Sandoz Read the full article…

Big Marijuana Is Coming — And Even Legalization Supporters Are Worried

Some legalization backers are increasingly concerned that something like Ohio's initiative will become standard — and the interests of the pot industry, which will grow more and more as legalization spreads, will take priority over the public's best interests.

OHIO: Last month, Ohioans rejected a very unusual marijuana legalization proposal. Beyond legalizing pot, the ballot initiative would have given campaign donors direct rights to the state’s 10 pot farms as an explicit gift for their support. It was, even legalization advocates argued, a flagrant display of would-be members of the pot industry trying to cash in on a movement motivated Read the full article…

Diego Pellicer Faces Subpoena, Other Problems In Marijuana Biz

Diego Pellicer Worldwide, the company that says it’s “developing the world’s first ‘premium’ marijuana brand,” acknowledged those issues last week deep in its first regulatory filing after merging into a public shell company.

WASHINGTON:  The Top 5 Things You Don’t Want to Say when introducing a new public company might be: No. 5. We’ve received a subpoena from the U.S. Attorney. No. 4. We’ve only got one real paying customer. No. 3. We’re not sure when we can actually collect any money from that customer. No. 2. We’re Read the full article…

Vice Wars: Tobacco, Alcohol And The Rise Of Big Marijuana

Issues raised in the judiciary committee hearing Thursday ranged from government regulation and Congressional involvement to the punitive effects the ban has on businesses and residents who don’t own their homes.

DISTRICT OF COLUMBIA:  Drug reformers always dreamed of a world where users were safe and dealers were free. Then that world arrived, at least in the states where marijuana is legal. Now they see a new nightmare on the horizon: Big Pot. The specter of corporate cannabis loomed large on Tuesday, when the family of Read the full article…

Medical Marijuana 101: Doctors, Regulators Brace For ‘Big Marijuana’

"The drive to make a profitable market out of marijuana is at odds with protecting the public health because the way to make marijuana profitable is to sell more and more of it.”

MASSACHUSETTS:  The argument that marijuana is poised to become Big, as in Big Tobacco, begins more than a hundred years ago, argues Dr. Sharon Levy, a pediatrician at Boston Children’s Hospital. Changes in curing made tobacco easier to inhale, additives made it more addictive and machines began to churn out inexpensive, readily available cigarettes. With Read the full article…

Big Tobacco Planned Big Marijuana Sales In The 1970s

Public health researchers scanned 80 million pages of digitized company documents for keywords such as, “marijuana,” “cannabis,” “reefer,” “weed,” “spliffs,” and “blunts.” The results, published Tuesday in the Milbank Quarterly, reveal a long history of maneuvers toward marijuana-laced products.

Tobacco executives anticipated the legalization of marijuana as early as the 1970′s — and they wanted a piece of the action, according to newly discovered documents from tobacco company archives. Public health researchers scanned 80 million pages of digitized company documents for keywords such as, “marijuana,” “cannabis,” “reefer,” “weed,” “spliffs,” and “blunts.” The results, published Tuesday in the Milbank Quarterly, reveal Read the full article…

The Business of Legal Marijuana: People Are Getting Rich, Should You Get In?

http://mjnewsnetwork.com/9379/washington-state-entrepreneurs-seek-fortune-in-legal-marijuana/

NEW YORK:  The line stretched nearly around the block. To people passing by on New Year’s Day, it looked like a queue for the latest iPhone release or for tickets to a Justin Timberlake concert. Few onlookers strolling down Denver’s 16th Street Mall, the epicenter of the state capital’s tourist industry, would have guessed they Read the full article…

Dot-Bong Era’s First Marijuana Brand Debuts

Jeffrey Miron, an economist at Harvard University, says that he is “guardedly optimistic” the industry will be allowed to bloom. “A fully legalized market,” he says, could generate “$20 billion in annual retail sales.”

WASHINGTON: America’s newly legalized marijuana industry is attracting corporate cash and entrepreneurs who want to transform the business from plants in plastic bags sold on street corners to branded experiences in well-outfitted stores. Jamen Shively, founder of Diego Pellicer, the first retail brand in the U.S. to market legal, premium marijuana, says the plant is an Read the full article…

The Fall Of Cannaculture: Will Hot Kush Girls Fade And "Marlboro Pot" Emerge?

From the beatniks of the '50s, to the hippies of the '70s, to the rastafarians of the '80s and '90s, cannabis has always represented an alternate way of life. A rebellion against restricting social norms.

If it happened to Rock ‘n’ Roll, will it happen to cannabis? For the past 75 years, cannabis has been an underground, countercultural phenomenon. From the beatniks of the ’50s, to the hippies of the ’70s, to the rastafarians of the ’80s and ’90s, cannabis has always represented an alternate way of life. A rebellion against Read the full article…