Cannabis Daily News
Cannabis Daily News · page 44
- CBD Market
Why Big Tobacco is all in on $OGI
After Moncton-based Organigram announced a subsidiary of British American Tobacco (BAT) was taking a 19.9% stake in the company for $220 million, CEO Greg Engel shared what he believes the deal means for the company.
- Adult-Use
Sobering news from the Biden White House
After reports that “dozens” of cannabis-consuming staffers in President Joe Biden’s White House were asked to resign last week, work remotely or were suspended, press secretary Jen Psaki tweeted that “only five people who had started working at the White House are no longer employed as a result of this policy.”
- Adult-Use
Better SAFE (banking) than sorry
The Secure and Fair Enforcement (SAFE) Banking Act in the US, which protects financial institutions from federal penalties when working with legal cannabis businesses, was reintroduced in the US House of Representatives on Thursday.
- Adult-Use
Pass the (billion dollar) Dutchie
After raising $200 million in a Series C funding round and acquiring two software companies, the founders of Oregon-based cannabis tech platform Dutchie say the company has a staggering $1.7 billion valuation.
- Policy & Regulation
Kudos to Houseplant (US)… but is it compliant (in Canada)?
Consultant Dr. Shane Morris almost ruined our weekend with a tweet questioning whether or not Seth Rogen’s Houseplant marketing initiatives for the US market could be viewed as non-compliant under Canada’s Cannabis Act.
- Cannabis Daily News
Cam Battley (still) answering to angry $ACB investors
Former Aurora CCO Cam Battley was slammed with criticism from Aurora shareholders on Twitter last week after he congratulated his former colleague, Organigram’s Greg Engel, on Organigram’s deal with British American Tobacco (BAT).
- Cannabis Daily News
Up in Arms with Pure Sunfarms
This week, Pure Sunfarms complained to Health Canada that one of their competitors was fudging the THC content on their labels.
- Cultivation
The (Next) European Cannabis Invasion
America’s largest weed company, Curaleaf, is expanding into Europe with a $286 million cash-and-stock acquisition of London-based EMMAC Life Sciences, a medical cannabis cultivator operating in the UK, Germany, Portugal, Spain and Italy.
- Cannabis Daily News
OCS makes the case against… the OCS?
Despite positive spin on the data, the Ontario Cannabis Store’s (OCS) latest sales report makes the provincial wholesaler and e-commerce/delivery monopoly look more like an unnecessary intermediary rather than a facilitator of cannabis sales.
- Adult-Use
The ‘Wolf of Weed Street’ bets against Canada
Cannabis stock analyst Jason Spatafora, a.k.a. the Wolf of Weed Street, had harsh predictions for debt-strapped Canadian public companies banking on survival in the US.
- Your #1 Podcast on Cannabis News
Launching and scaling a business newsletter while building community
BofC Live is the daily news and interview program of Business of Cannabis.
- Policy & Regulation
Financial markets are all over the (Weed)maps
As 2020 mercifully comes to a close, we are ending the year on a high note at Business of Cannabis.
