LDB Issues Product Call For Non-Medical Cannabis

LDB issues product call for non-medical cannabis

CANADA: The BC Liquor Distribution Branch (LDB) has issued a second product call as part of a continuing effort to expand its wholesale product assortment for non-medical cannabis. In July, the LDB entered into memorandums of understanding with 32 licensed producers to form its initial wholesale product assortment to cater to the B.C. market directly following legalization Read the full article…

NY Governor Cuomo Forms Workgroup To Draft Legislation for Regulated Adult-Use Marijuana Program

NY Gov forms committee to study adult-use cannabis

NEW YORK: Governor Andrew M. Cuomo today appointed a workgroup to draft legislation for a regulated adult-use marijuana program for the legislature to consider in the upcoming session based on the findings of a multi-agency study he commissioned in January. The study, led by the Department of Health, concluded that the positive impacts of a regulated marijuana market in New York State outweigh the potential negative Read the full article…

Mentor Capital Upgraded To OTCQX Best Market

Marijuana and Cannabis M&A Company Trades on Top OTC Market Tier

CALIFORNIA: Mentor Capital, an M&A and funding provider for the cannabis and medical marijuana sector, will start to trade on the OTCQX Best Market effective today. Mentor joins more than twenty companies during 2018 that have upgraded to OTCQX from the OTCQB® Venture Market, according to OTC Markets Group, Inc. U.S. investors can find current financial disclosure Read the full article…

Harris Poll: Majority Of Americans Want Marijuana Legalized

"Voters believe that ending America's failed marijuana prohibition laws is a common-sense issue, not a partisan one,"

NEW YORK: Eighty-five percent of Americans believe that marijuana “should be legalized for medical use,” and 57 percent of respondents endorse regulating it for anyone over the age of 21, according to national survey data compiled by Harris Insight & Analytics. Among younger respondents (those ages 18 to 44), 68 percent agree that cannabis should be legal. Most Read the full article…

Acreage Holdings Closes $119 Million Private Round – Largest In U.S. Cannabis History

Acreage Holdings closes largest round in US Cannabis history

Company Announces Completion of Roll-up and Plans for Public Listing on Canadian Securities Exchange for Q3 2018 NEW YORK: Acreage Holdings, one of the United States’ largest vertically integrated multi-state cannabis operators,  announced it has successfully closed its Series E funding round. The Company secured $119 million of capital and concurrently completed the rollup of control Read the full article…

Medicine Man Technologies Inks Licensing Agreement With Canada House Wellness Group

Medicine Man Technologies Enters into an Exclusive Licensing Agreement for Future Canadian Based Deployment

COLORADO: Medicine Man Technologies has announced an exclusive licensing agreement with Canada House Wellness Group, through itswholly owned subsidiary Abba Medix Corp., for deployment of its intellectual property and product lines (Three a Light™, Success Nutrients™, General Intellectual Property) into the Canadian marketplace. The licensing agreement calls for an initial payment of $4.65M (CAD) in the form Read the full article…

Murphy Administration Seeking Up To Six New Dispensaries To Expand Access To Medicinal Marijuana

Murphy Administration Seeking Up to Six New Dispensaries To Expand Access to Medicinal Marijuana

NEW JERSEY: The Murphy Administration today announced it is seeking up to six new applicants to operate medicinal marijuana dispensaries — two each in the northern, central and southern regions of New Jersey. “We look forward to the opening of six new dispensaries so we can ensure that all qualifying patients who want access to Read the full article…

FSD Pharma Announces Acquisition To Expand In Newfoundland

Strategic investment of $40 million to bring economic benefits to province of Newfoundland

CANADA: FSD Pharma announced a binding agreement to purchase 51% of Atlantic Island Cannabis (to be renamed FSD Atlantic Pharma Inc.) effective July 4, 2018. The agreement involves a strategic investment of $40 million to drive production and sales of legal cannabis in the province of Newfoundland. In the first phase of the project, an indoor high quality 45,000 Read the full article…

Tilray Launches Initial Public Offering

Tilray joins Nasdaq

CANADA: Tilray, a vertically-integrated and federally-licensed cannabis cultivator, processor and distributor, announced that it has launched an initial public offering of its Class 2 common stock pursuant to a registration statement on Form S-1 previously filed with the United States Securities and Exchange Commission. Tilray has applied to list its common stock on the Nasdaq Global Read the full article…

Analysts Forecast High Growth For North America Cannabis

“North America Cannabis: New Markets, Competitors and Opportunities: 2018-2026 Analysis and Forecasts”

IRELAND: The legal Cannabis revolution is only beginning. The 80+ years prohibition against its use is now ending and the tides are clearly turning. Despite being illegal for so long, more than 37 million people in the U.S. and millions more in Canada use Cannabis, both legally and illicitly. The market for Cannabis in North Read the full article…