NHL Alumni Group Joins Study to Test Cannabis as Brain Trauma Treatment

The NHL Alumni Association, NEEKA Health Canada and Canopy Growth Corp. in early March 2019 announced a clinical research partnership to investigate the efficacy of cannabinoids as part of a novel treatment for post-concussion neurological diseases in former NHL players. The double-blind study will include 100 former players from all different eras of the game […]

Cannabis products co. Slang acquires Organa Brands, listing on CSE

Published January 29, 2019 Unlike many of its predecessors, Slang Worldwide (CSE: SLNG) saw a relatively stable first day on the Canadian Securities Exchange, opening at 2 Canadian dollars ($1.51) and closing at CA$1.99. The branded consumer products cannabis company, went public Tuesday on the Canadian Securities Exchange with an implied market value of $541 […]

If Marijuana Becomes Legal, Our Stores Might Sell It

If marijuana is legalized, expect Whole Foods Market to start selling cannabis products, the company’s CEO said on Feb. 28, 2019. During a conversation hosted by The Texas Tribune, an audience member asked John Mackey whether his company would consider selling “alternative proteins” such as insects. Mackey said yes, and then, unprompted, he brought up […]

Michigan adds cerebral palsy to list of qualifying conditions for medical cannabis

Published March 12, 2019 Michigan regulators expanded the state’s list of qualifying illnesses for medical marijuana use by adding cerebral palsy. The decision is expected to bring more patients into the state’s medical cannabis program and thus broaden the number of customers that MMJ companies can reach. Michigan has more than 294,000 medical marijuana cardholders, […]

Illicit cannabis sales in Canada decline after legalization

Early sales of regulated adult-use cannabis chipped away at the illicit market in the final quarter of last year – the first period of legal recreational cannabis sales – with black market purchases declining 8% in the October-December period, according to fresh data from Statistics Canada. Legalization came into force in mid-October. Illicit cannabis sales declined from […]

Merger of cannabis firms Emblem, Aleafia gets shareholder green light

Shareholders of Ontario-based cannabis producer Emblem approved a 173 million Canadian dollar ($128 million) buyout from vertically integrated company Aleafia Health in a deal that puts the two companies at the forefront of a wave of consolidation in the marijuana industry. The all-stock deal was approved by 93% of Emblem shareholders March 6, exceeding the […]

Molson Coors CBD-beverage partner Hexo closes CA$57.5 million offering

Published January 30, 2019 Hexo Corp., a licensed producer of cannabis based in Quebec, Canada, raised 57.6 million Canadian dollars ($43.7 million) Wednesday when it closed its offering of common shares. The company said in a news release it will use the proceeds for global expansion and research and development. The Quebec cultivator, which trades as Hexo […]

Medical Marijuana Now on Sale in North Dakota as Fargo Dispensary Opens

FARGO, N.D.  — North Dakota’s first medical marijuana dispensary opened for business March 1, 2019,  in a Fargo mini-mall, and several of the dozen or so people who showed up in the first hour said they’re relieved they can finally get the drug. It took the state more than two years to build up a […]

Arkansas OKs second medical cannabis grower as market launch nears

Published March 13, 2019 (This story has been updated to correct the amount of marijuana that dispensaries will be allowed to sell each patient.) Arkansas regulators approved a second cultivation facility and said they expect to start final inspections of dispensaries by early April as the launch of the state’s medical marijuana program nears. “We […]