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University of Mississippi’s federal pact for cannabis R&D to be renewed

December 15th, 2020The National Institute on Drug Abuse (NIDA) said it again intends to award a federal contract to the University of Mississippi to grow cannabis for federal research purposes. To date, the university has been the only institution granted such permission. According to a contract notice of intent published online, the NIDA will award a noncompetitive […]

Massachusetts marijuana retailers get OK to sell hemp-derived products

December 15th, 2020Marijuana retailers in Massachusetts soon will have another revenue stream. Massachusetts marijuana retailers get OK to sell hemp-derived products is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Oklahoma authorities shut down cannabis testing lab

December 15th, 2020The Oklahoma City Fire Marshal shuttered a medical cannabis testing lab for fire code violations and allegedly lacking the proper permits. Oklahoma authorities shut down cannabis testing lab is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Marijuana firm Verano plans to go public at reported $2.9 billion valuation

December 14th, 2020Multistate marijuana company Verano Holdings intends to go public on the Canadian Securities Exchange at a value of nearly $2.9 billion through a reverse takeover (RTO) of an existing, publicly held company, according to reports. The move comes only a month after Chicago-based Verano signed a definitive agreement to acquire Florida-based Alternative Medical Enterprises (AltMed), […]

Bermuda plans adult-use, medical cannabis industry

December 14th, 2020Bermuda is taking its first steps to formally lay the legal groundwork for a regulated adult-use and medical cannabis industry, potentially setting up a clash with the United Kingdom, which has thus far stifled an attempt by the British Virgin Islands to regulate medical marijuana. Attorney General and Minister of Legal Affairs Kathy Lynn Simmons […]

Study provides clues about how minor cannabinoids work in the body

December 14th, 2020We’re learning a lot about the ways THC and CBD interact with the endocannabinoid system (ECS) to stimulate appetite and help treat pain, anxiety, and epileptic seizures. But cannabis contains a vast array of minor cannabinoids as well. What is their therapeutic potential and how do they work in the body? These are questions that […]

Biomedican successfully biosynthesizes two rare cannabinoids

December 14th, 2020A California life sciences company named Biomedican is drawing significant attention for the rapid progress it’s made in patented, low-cost methods of biosynthesizing rare cannabinoids. The company uses a proprietary strain of yeast named Yarrowia lipolytica to extract pharmaceutical-grade cannabinoids that are chemically identical to those extracted from cannabis plants. Aside from producing these cannabinoids […]

A dozen retail cannabis licenses could be up for grabs in Arizona

December 14th, 2020While most adult-use cannabis licenses in Arizona will go to the roughly 120 existing medical marijuana operators in the state, about a dozen will be available in underserved rural counties. That’s according to state regulators, who also said they are confident in meeting business licensing timelines despite the coronavirus pandemic. That means recreational marijuana sales […]

Marijuana businesses must perfect customer experience for coronavirus-spurred preorders

December 13th, 2020This spring, the coronavirus pandemic turned the traditional retail model on its head—and marijuana retailers and dispensaries were no exception. Marijuana businesses must perfect customer experience for coronavirus-spurred preorders is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Weedmaps investor document notes federal probe into cannabis businesses is ‘unresolved’

December 11th, 2020In an investor presentation filed this week with U.S. securities regulators, the parent company of Weedmaps disclosed that a federal investigation into the marijuana industry that involves the cannabis advertising giant remains “unresolved.” The disclosure raises questions about both the probe’s status and whether it could affect California-based Weedmaps’ plans to go public on the […]

Canada launches new cannabis consultations on beverages, labelling and research

December 11th, 2020Canada’s federal cannabis regulator is launching new consultations that signal future changes to marijuana possession equivalency limits, including higher possession caps for cannabis beverages. Canada launches new cannabis consultations on beverages, labelling and research is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

UK reveals it’s withholding approval of BVI cannabis law over treaty obligations, upcoming talks

December 11th, 2020The United Kingdom will decline to approve a 6-month-old bill to open commercial opportunities involving medical cannabis in the British Virgin Islands (BVI) until a deal is reached between the two nations over the transfer of narcotics licensing authority, the U.K.-appointed governor of the overseas territory disclosed. Arrangements are being made to initiate the discussions […]