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Happy Valley awards $2,500 college scholarship, first scholarship award for the cannabis industry

September 28th, 2020FOR IMMEDIATE RELEASE GLOUCESTER, Mass., September 22, 2020 — Happy Valley, a company committed to excellence in product and delivering a preeminent customer experience in Massachusetts announced today that Cullen Vujosevic of New Mexico was chosen as the winner of the $2,500 Happy Valley Scholarship award. College students were asked to submit an essay that […]

Cannabinoid shows promise as antibiotic for MRSA

September 28th, 2020One of hundreds of cannabinoids, cannabichromenic acid (CBCA) may hold an important key to combatting methicillin-resistant Staphylococcus aureus (MRSA), the superbug that kills at least 9,000 people in the US each year and has left healthcare providers scrambling for solutions. It is believed half of all hospital-acquired infections are due to MRSA, a problem that […]

Clinical trials will test cannabis-based cancer therapy

September 28th, 2020Two West Coast companies – Pascal Biosciences and SoRSE Technology – are collaborating to move the cannabinoid PAS-393 into clinical trials to test the drug’s effectiveness on a common immune-evading strategy that many metastatic cancers employ. Pascal, which is headquartered in Vancouver, has discovered that its PAS-393 has the potential to make tumor cells susceptible […]

Ohio lawsuit: Regulators ‘punting’ on medical marijuana program expansion

September 28th, 2020An Ohio medical marijuana grower filed a lawsuit against state regulators alleging that government overseers have been hamstringing the MMJ program’s growth, despite clear demand for more business services. According to Law360com, Fire Rock sued the state Department of Commerce over its failure to either grant or deny an application filed in February for the […]

Utah medical cannabis sales, patients surpassing projections

September 28th, 2020Utah’s 6-month-old medical cannabis program has far exceeded sales and patient enrollment projections – sparking product shortages that are boosting business opportunities for licensed cultivators. The state already has hit the 10,000 milestone for registered patients, six months ahead of projections, state officials told the Deseret News in Salt Lake City. “I don’t think that […]

Mistakes by Canada’s largest cannabis companies offer insight into global expansion

September 27th, 2020If there is a lesson to be learned from the overseas misadventures of Canada’s large cannabis producers in recent years, it is this: Being first to a market is a waste of time and money if that market is still years (or decades) away from producing material revenue—more so if you’re unable or unwilling to […]

Week in Review: Illinois cannabis permits redo, Vermont adult-use progress, Oregon wildfires & more

September 26th, 2020Seventy marijuana dispensary applicants for recreational cannabis business licenses in Illinois dropped a lawsuit against the state after the governor allowed the losing bidders to make corrections and try again. The lawsuit argued that the state’s lottery to award 75 retail licenses used a scoring system that discriminated against some of the minority applicants. MJBizDaily […]

Whole Foods CEO John Mackey to keynote MJBizCon 2020

September 25th, 2020John Mackey, co-founder and CEO of Whole Foods Market as well as the co-author of “Conscious Capitalism: Liberating the Heroic Spirit of Business,” will serve as the keynote speaker for MJBizCon 2020 in Las Vegas in December. Mackey also co-founded the Conscious Capitalism Movement, which is based on socially responsible economic principles. In his keynote, […]

Cannabis firm WeedMD borrows CA$30M from Canadian pension fund

September 25th, 2020Canadian cannabis grower WeedMD secured a loan worth 30 million Canadian dollars ($22.5 million) from the LiUNA Pension Fund of Central and Eastern Canada, a retirement plan associated with the Laborers’ International Union of North America. “This $30 million of nondilutive financing will enhance our liquidity position and provide additional working capital at this inflection […]

Massachusetts nears marijuana delivery from wholesalers

September 25th, 2020Massachusetts is just a step away from expanding its cannabis home delivery rules, a move designed to benefit social equity applicants as well as provide a second, potentially lucrative wholesale option. The Massachusetts Cannabis Control Commission on Thursday agreed on a two-license structure, with plans to finalize the regulations in October, according to the State […]

Dutch government seeks to ease doubts over adult-use cannabis trial

September 25th, 2020As it seeks to ease public concerns, the Netherlands is evaluating applications to grow marijuana under a pilot program to permit limited cultivation and sales of adult-use cannabis. The selection process involves consulting with mayors of the municipalities where the applicants intend to grow. To clear up any confusion and ease public jitters about the program, […]

German medical cannabis applications for insurance reach 100,000

September 25th, 2020Applications for medical cannabis reimbursements with German statutory health insurers (GKV) have hit the 100,000 milestone this year – and 62% were approved, according to data obtained by Marijuana Business Daily. The figure accounts for individual applications submitted since the current program started in early 2017 through mid-2020. This is the first time comprehensive data […]