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Nevada lawsuit

November 13th, 2019Nevada lawsuit is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Proposed law in North Macedonia to allow cannabis flower export shelved

November 13th, 2019A North Macedonian draft bill that proposed modifications to the current medical cannabis framework has been removed from parliament’s agenda, according to Telma Television. The bill would have created a legal framework for the export of cannabis flower, which is currently not possible. That means local companies that have been stockpiling flower for export are going to […]

Canadian Cannabis Firms See Flower Prices Decline

November 13th, 2019British Columbia, Canada-based Tilray sold 10,848 kilogram-equivalent of cannabis domestically and internationally during the last quarter but reported a 30 percent decrease in the net price-per-gram to $3.25, the Financial Post reports. The drastic drop in per-gram prices led to a net loss of $35.7 million for the quarter, which ended September 30, up from […]

Massachusetts Cannabis Regulators ‘Quarantine’ Vape Products

November 13th, 2019The Massachusetts Cannabis Control Commission has “quarantined” all vaporizers except for those “designed to exclusively vaporize marijuana flower for medical use patients.” The move comes less than a week after the federal Centers for Disease Control linked vitamin E acetate to the vaping-associated pulmonary injury. The substance was found in illegal and counterfeit cannabis vape […]

Missouri Proposes Cash Ban for Cannabis Company State Payments

November 13th, 2019The Missouri Department of Health and Senior Services has proposed banning the state’s medical cannabis businesses from paying their taxes, fees, and penalties in cash. DHSS spokesperson Lisa Cox told 41 Action News that “large amounts of cash-handling will create challenges for state agencies and may create safety issues for medical marijuana facility employees.” “As […]

California Marijuana Notebook: Emerald Triangle growers show confidence in market health but prep for challenges ahead

November 13th, 2019After a turbulent transition into a legal market in 2018, marijuana cultivators and other cannabis companies in California’s famed Emerald Triangle are finally finding their footing and are optimistic about the future a they finish off the fall harvest. California Marijuana Notebook: Emerald Triangle growers show confidence in market health but prep for challenges ahead […]

Massachusetts keeps cannabis vape ban, orders quarantine of products as regulators focus on suspect additive

November 12th, 2019Massachusetts regulators maintained a ban on the sale of cannabis oil vaporizers and devices after ordering marijuana retailers to quarantine the products on Tuesday, dealing a financial blow to MJ companies hoping for a speedy resumption of vape sales. In making its decision, the state Cannabis Control Commission (CCC) also focused on the need to test for vitamin […]

Canadian, overseas medical cannabis sales drive Tilray’s revenue higher

November 12th, 2019British Columbia-based cannabis producer Tilray reported quarterly revenue of $51.1 million (CA$67.8 million), an improvement from the previous quarter’s $46 million and in line with consensus estimates. The higher revenue was driven by medical sales in Canada and overseas. Bulk shipments of medical cannabis and direct-to-patient sales within Canada rose to almost $14 million in […]

Missouri marijuana competition

November 12th, 2019Missouri marijuana competition is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadian cannabis firms rapped over ‘deficient’ corporate governance disclosures

November 12th, 2019Canada’s securities watchdog is warning the nation’s cannabis businesses of “deficient” corporate governance disclosures and urging them to address concerns related to potential conflicts of interest. The Canadian Securities Administrators (CSA) issued a notice providing guidance related to the disclosure of financial interests in the context of mergers and acquisitions, as well as the independence […]

New UK guidelines recommend public insurance coverage for two GW Pharma cannabis medicines, plus a synthetic cannabinoid

November 12th, 2019New British guidelines for the first time recommend that two plant-based cannabis medicines – Sativex and Epidiolex – be covered through the United Kingdom’s National Health Service (NHS), a significant step that is likely to boost sales of both products. Health regulators also are recommending the NHS make available a synthetic cannabinoid known as nabilone. […]

FDA Approves Yale Medical Cannabis Human Trials

November 12th, 2019The Food and Drug Administration has granted approval to the Yale School of Medicine and CT Pharma for human drug trials to study the efficacy of cannabis-based medicines, according to a Connecticut Public Radio report. The study will be the first with FDA approval to test cannabis on human subjects. Yale University School of Medicine’s […]