A Michigan breach-of-contract dispute between cultivator Hello Farms and Curaleaf Holdings has cracked open a fault line that runs beneath every cannabis contract in the US, opening the door to a ‘mutually assured destruction’ defence that cannot be closed.
The shock announcement this week that a federal trade court had ruled that key elements of President Trump’s flagship tariff policy were unconstitutional has come as a major relief for any internationally-facing US business, not least the cannabis sector.
Just days after announcing a comprehensive rebrand as it shifts its focus to international markets, Organigram Global has acquired Hamilton-based Collective Project Limited (CPL) in a deal worth up to C$24m.
A new report from Whitney Economics Report has found that only 24.4% of U.S. cannabis businesses are profitable.
Missouri and Maryland have passed bills allowing adult-use cannabis, whilst a number of cities across the country have voted to end prosecutions for cannabis use.
The financing round was led by Alpha Blue Ocean.
THE ramifications of last week’s announcement that the US President plans to pardon thousands of citizens federally convicted of the ‘simple possession’ of cannabis are yet to be fully understood.
The President will also be urging a review of how cannabis is scheduled.
The poll also revealed the voters feel the Federal Government shouldn’t intervene in state legalisation.
