The United Kingdom has down-scheduled Epidyolex to the lowest level of control for drugs, greatly easing restrictions on the cannabidiol medicine and reducing administrative processes for companies wanting to supply it. The U.K. said the new provisions – made through the Misuse of Drugs (Amendment) (England, Wales and Scotland) RegulationsContinue Reading
Green Gone Detox is a health and wellness company that offers all natural, scientifically-backed detox solutions for those wishing to clear their bodies of THC. It is the first known company to provide a THC detox developed by pharmacists. The company owner, who is also a PharmD, did a littleContinue Reading
High prices were a regular consumer complaint when Canada legalized recreational cannabis in October 2018. Only a year and a half later, Canada’s market for affordable cannabis flower is growing rapidly, with large cannabis producers introducing competitive value brands at lower prices. “I would say that the value segment isContinue Reading
Louisiana’s medical marijuana market is poised to grow in the wake of new legislation that allows more physicians to authorize the drug for added medical conditions. But the state’s nascent regulated cannabis sector still faces significant challenges to its business outlook, including: Low patient numbers to date. A limited numberContinue Reading
A federal prosecutor will testify before members of the U.S. House of Representatives on Wednesday that U.S. Attorney General William Barr ordered “politically motivated” reviews of 10 marijuana business mergers. The expected testimony to the House Judiciary Committee will come from John Elias, the acting chief of staff for theContinue Reading
DOJ staffer says William Barr ordered antitrust investigations of cannabis mergers, just because Barr hates legalization. The post US Attorney General falsely targeted 10 cannabis companies, whistleblower says appeared first on Leafly. Read More: US Attorney General falsely targeted 10 cannabis companies, whistleblower saysContinue Reading
Multistate cannabis operator iAnthus Capital Holdings received a demand for repayment on a secured debenture issuance as well as a notice of intention to enforce security under Canadian bankruptcy law. New York-based iAnthus defaulted on interest payments on that debt in April and expects to default on payments again atContinue Reading
ABM Equipment of Vancouver, WA has developed a new system which dries up to 10,000 lbs. of cannabis per hour with minimal loss of cannabinoids. This is a significant improvement over last year’s larger and more expensive tumbler & belt dryers, which burned more CBD and energy respectively. ABM’s processContinue Reading
Multistate operator and vertically integrated marijuana company Harvest Health & Recreation finalized a deal to sell eight California retail stores to Los Angeles-based High Times Holding. Under terms of the recently updated agreement, Harvest has sold a portfolio of equity and assets of eight operational and planned dispensaries in CaliforniaContinue Reading
Aurora Cannabis is shutting down five smaller production facilities and cutting roughly 700 employees as part of a corporate transformation plan over its next two quarters, with the goal of centralizing production and manufacturing at “larger-scale and highly efficient sites.” Aurora Cannabis to close five facilities, lay off 700 staffContinue Reading
