Cannabis Daily News
Cannabis Daily News · page 38
- Cannabis Daily News
OCS’s product call revamp is worrying some LPs
A note to licensed producers from the Ontario Cannabis Store (first reported by StratCann.com) warning that the product call process is pausing this fall and will prevent new product launches in the province between November 2021 and April 2022 (!) is ruffling feathers.
- Adult-Use
Phew! Booker clarifies his SAFE stance
Senator Cory Booker told Yahoo! Finance’s Zack Guzmán that — seemingly contrary to what he said last week — that he does in fact support the SAFE Banking Act after all.
- Policy & Regulation
Ghost Drops honors its pre-legal past with an NFT
To say goodbye to its no-longer-compliant pre-legalization branding, the newly legal Toronto-based Ghost Drops is selling it off in one-of-kind digital non-fungible tokens (NFTs) as it goes legit.
- Adult-Use
Does anyone like the Cannabis Admin and Opportunity Act?
Democratic Senator Cory Booker and his colleagues have a lot to chew on after soliciting feedback to the Cannabis Administration and Opportunity Act.
- Adult-Use
Analysts say these Canadian weed stocks could rebound post-legalization
US Senate Majority Leader Schumer’s bill is unlikely to be passed, but it’s a good starting point for negotiations, said Owen Bennett, senior vice president of global tobacco and cannabis stocks at Jefferies Equity Research, on BNN Bloomberg.
- CBD Market
Eau my! Another cannabis trademark lawsuit
The makers of Cointreau, the French triple sec orange-flavoured liqueur, filed a lawsuit against Canopy Growth for its Quatreau CBD drink brand name for what they perceive is an effort “unfairly capitalize on the goodwill and reputation of the COINTREAU Mark,” according to the complaint.
- Hemp Industry
Schumer’s cannabis bill would end prohibition
Senators Chuck Schumer, Cory Booker and Ron Wyden held a press conference yesterday to introduce their draft bill of the Cannabis Administration and Opportunity Act.
- CBD Market
Sacha Baron Cohen sues cannabis company
Actor Sacha Baron Cohen has filed a lawsuit against a Somerset, Massachusetts cannabis company after he said it used an image of Borat, his most well-known character, on a billboard without his permission, reports CTV News.
- Adult-Use
Michigan cannabis is having no problem finding workers
Industries like hospitality are struggling to entice its workforce back post-pandemic, but Michigan’s burgeoning cannabis sector is alluring to workers eager to leave shrinking industries like the automotive sector to try something new, reports the Detroit Free Press.
- Cannabis Daily News
How the White House shot Team USA in the foot
After Sha’Carri Richardson was left off the Team USA roster for testing positive for THC, Marijuana Moment expertly unpacked the history of cannabis prohibition at the Olympics.
- Cultivation
All eyes on the New York prize
New York state legalized adult-use cannabis this spring, but how sales will actually roll out to this massive market presents another set of questions — questions with an estimated $4.6 billion in annual sales at stake.
- Cannabis Daily News
Jefferies is betting on these U.S. weed stocks
New York-based investment banking company Jefferies Group is initiating coverage of seven U.S. pot stocks — Curaleaf, Green Thumb, Trulieve, Cresco, Columbia Care, TerrAscend and Ayr Strategies — and upgraded them all to a “buy” rating, reports BNN Bloomberg.
