Cannabis Daily News
Cannabis Daily News · page 42
- Pharmaceutical
$OGI CEO Greg Engel steps down
After securing a $220 million deal with British American Tobacco, Moncton-based Organigram’s CEO Greg Engel is stepping away from his CEO role, but will stay on as a special advisor to the company.
- Cannabis Daily News
It’s crafty, and it’s just my type
The Ontario Cannabis Store (OCS) has launched a new “craft” label for cannabis flower strains, which they’ve defined as “hand-trimmed, hang-dried, hand-packaged and grown in a facility that produces less than 10,000 kg a year” on their site.
- CBD Market
Valens takes the Green Road south
Kelowna-based The Valens Company’s US market strategy is giving us hope for Canadian cannabis after making a $40 million deal (USD) in the American CBD market.
- Adult-Use
Three rules for long-term cannabis gains
Now that the stigma of investing in the cannabis industry has worn off, experts are predicting a flood of capital coming into the sector, particularly among MSOs in the US, according to Barron’s.
- Adult-Use
New York weed speakeasy comes out of the shadows
Lifestyle company Happy Munkey, which was previously known for throwing illegal weed-focused parties in NYC for advocates and industry for the past four years, threw its first legal party on 4/20.
- Medical
Will he Gaetz what he deserves?
Federal investigators are looking more closely at a trip Republican Congressman Matt Gaetz and “several young women” took to the Bahamas in 2018 to see if it was part of a plan to loosen medical cannabis laws in Florida, reports CNN.
- Adult-Use
Is federal legalization SAFE?
While it may have felt like the US House was practically celebrating 4/20 while voting for the SAFE Banking Act, Senate Majority Leader Chuck Schumer — who is currently hammering out federal legalization legislation — was less enthused about the cannabis banking legislation in an interview with Marijuana Moment.
- Adult-Use
Aphria-Tilray deal will definitely happen and it’s going to be great: CEO
CNBC’s Squawk on the Street celebrated 4/20 with Aphria CEO Irwin Simon to talk about the delayed deal with Tilray, opportunities in the European market and more.
- Cannabis Daily News
Darwinism Meets Cannabis Retail
Canadian cannabis retail is getting crowded in some parts of the country, and experts are predicting that independents will suffer the most.
- Adult-Use
Wall Street picks MSOs over Canada
Despite good news like New York legalization and the SAFE banking act advancing, the cannabis capital market haven’t rebounded all the way, reports MarketWatch.
- Adult-Use
US House of Representatives kicks off 4/20
‘Twas the night before 4/20 and all through the House, every creature was debating… to pass the SAFE banking act in a 321-101 vote.
- Policy & Regulation
Show me the money
There are signs that funding for cannabis start-ups, which waned in 2020, may be on the road to recovery, according to a new report by Crunchbase.
