7-Eleven Denies They Have Any Partnership with CBD Company

Convenience store chain 7-Eleven has rebuked the news that they will sell CBD products by the end of the year, calling Tuesday’s announcement false, Huffington Post reports. Denver, Colorado-based CBD company Phoenix Tears made the announcement in a press release earlier this week – and while it notes that the company’s agreement was made with […]

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Medical Cannabis Company with Colombian Operations Begins Trading on Canada’s TSX Venture Exchange

Canada-based medical cannabis company Khiron Life Sciences Corp begins trading on the TSX Venture Exchange today under the “KHRN” symbol. While the company is based in Canada, its core operations are in Colombia, where they were one of the first companies to receive a medical cannabis license in the Latin American nation. “We are pleased […]

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7-Eleven Stores to Carry CBD Products by Year’s End

Editor’s update: Since this news broke, 7-Eleven has denied having a partnership with CBD company Phoenix Tears and claims that the press release cited in the below article is false. 7-Eleven stores across the country will begin carrying CBD products by the end of 2018, CBD company Phoenix Tears announced today in a press release. […]

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Class Action Lawsuit Filed Against Xzibit-Owned Vape Cartridge Company in California

A class action lawsuit against vape cartridge manufacturer Brass Knuckles has been filed in California which alleges breach of warranty, false advertising, unfair competition, misbranding, and adulteration of the THC concentrate pens, according to the Cannabis Law Report. The lawsuit also names SC Laboratories Inc. and company owner Alvin Nathaniel Jones, better known as Xzibit, […]

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Aurora Cannabis Invests $1M in Canadian Drug Delivery Company

Canadian cannabis producer Aurora Cannabis has invested $1 million in CCT Pharmaceutical Holdings, Inc, the developers of an oral dose-specific dissolving thin film wafer drug delivery technology. The investment, with a 5 percent convertible debenture, gives Aurora a 9.14 percent interest in CTT and the agreement includes issuance of warrants enabling Aurora to increase that […]

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Kaua’i, Hawaii Gets First MMJ Dispensary; Brings Statewide Total to Six

Kaua’i, Hawaii has its first medical cannabis dispensary now that Green Aloha, which does business under the name Have a Heart, has passed the final state Department of Health inspections. It’s the sixth dispensary to open in Hawaii and the second for Aloha Green, which also operates a dispensary in Honolulu. “Having a medical cannabis […]

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Creating Pro-Forma Financial Statements for Your Cannabis Business

Part of being an entrepreneur is having to wear many hats. As a business owner, you’re also the head of HR, chief marketing officer, and – for better or worse – the head accountant. Many business owners find accounting and preparing financial statements one of the most difficult and confusing parts of running a company. And, […]

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California Bureau of Cannabis Control Proposes Extension of Emergency Cannabis Regulations

The California Bureau of Cannabis Control has proposed the state readopt and extend the current, emergency cannabis industry regulations. Previous regulations called for the merging of the medical cannabis industry (MCRSA) and adult-use industry (AUMA) into what’s now known as MAUCRSA, governed by the Bureau of Cannabis Control. As part of the current regulations, applicants have […]

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Cannabis Market Research Firm BDS Analytics Raises $3.5M

Cannabis market research firm BDS Analytics has raised $3.5 million in Series B funding led by CanopyVentures and Altitude Investment Management. Roy Bingham, BDS Analytics founder and CEO, said the funding put the company in “a very strong position to execute the national expansion” of their GreenEdge software. GreenEdge, a sales tracking software, allows BDS […]

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Canopy Rivers Offering $1M Seed Capital to June ‘Pitch Day’ Winners

Canopy Rivers is hosting a “pitch day” for Canadian cannabis entrepreneurs ahead of federal legalization as part of the “Micro Cannabis, Macro Impact” program that will see the company provide $1 million in seed capital to burgeoning canna-businesses. Prospective companies should intend to or should be in the process of applying for a Health Canada […]

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Canada’s Maricann to Acquire Malta’s Medican Holdings in Stock and Cash Deal

Maricann Group Inc. has agreed to acquire Medican Holdings Ltd, whose subsidiary Medican Research Group is one of six companies that has received a medical cannabis license in the Republic of Malta. The cash-and-stock deal is worth $10.1 million, comprised of $7.6 million in common shares at no less than $2.35, and $2.5 million in […]

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Canada’s Canopy Growth Applies for NYSE Listing

Canopy Growth Corp. – Canada’s largest cannabis company – has applied to list on the New York Stock Exchange, Bloomberg News reports. If approved, it would become the first cannabis producer to trade on the exchange. CEO Bruce Linton said he planned to list on the Nasdaq earlier this year but that he pulled back […]

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Passed-Over MMJ Dispensary Sues Louisiana Board of Pharmacy

A lawsuit by a would-be medical cannabis dispensary could delay sales in New Orleans, Louisiana. According to a WVUE report, RX Greenhouse has sued the state Board of Pharmacy over their decision to give the city contract to H&W Drug Store, which was ranked fourth – RX Greenhouse was ranked first. H&W has been in business […]

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1,500 Attend New England Cannabis Convention’s Inaugural Vermont Show

About 1,500 attended the New England Cannabis Convention’s inaugural show in South Burlington, Vermont, meeting the expectations of organizers and setting the stage for an event next year – when cannabis use and possession will be legal for adults in the state. “The hype is real,” said Eli Harrington, co-founder of Heady Vermont and one […]

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Aurora Cannabis Reaches Deal to Acquire MedRealf in C$3.2B Stock Deal

Aurora Cannabis Inc. is set to acquire MedReleaf Corp. in an all-stock deal worth C$3.2 billion. Under the agreement MedReleaf common stock shareholders will receive 3.575 Aurora common shares for each MedReleaf share and upon completion existing Aurora shareholders would own 61 percent of the pro forma company while existing MedReleaf shareholders would own 39 […]

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Massachusetts Cannabis Regulators Mistakenly Approve, Then Rescind, 10 Retail Cannabis Applications

The Massachusetts Cannabis Control Commission mistakenly approved 10 priority certification retail cannabis applications that were supposed to be denied, according to a State House News Service report. The CCC had approved 146 such applications but Executive Director Shawn Collins admitted that 10 of those were approved in error. “Upon further review, we’ve identified a number […]

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Washington’s Seed-to-Sale Traceability Issues Persist

In order to address ongoing issues with Leaf Data Systems (LDS) — Washington state’s traceability database, built by MJ Freeway — the Washington State Liquor Control Board (LCB) is in negotiations with Gartner Consulting to do an independent evaluation of the LDS’ implementation. Already holding a contract with the LCB, the firm will be asked […]

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Blumenauer Urges Small Business Administration to Rescind Anti-Cannabis Loan Guidance

Last month, the federal Small Business Administration released a new policy indicating that direct cannabis businesses, indirect cannabis business, and hemp businesses would be locked out of the federal agency’s lending services, according to Green Market Report’s Debra Borchardt. Last week, Oregon Rep. Earl Blumenauer wrote to SBA Administrator Linda McMahon urging her to repeal […]

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Ontario Government Awards $300K Grant for Cannabis Beer Project

The Ontario, Canada government has awarded a $300,000 research grant to Province Brands of Canada to help them develop a beer brewed with cannabis, the Ottawa Citizen reports. The Toronto-based company will work with Loyalist College to develop the beer. Edibles are not included in the federal legalization plan but lawmakers have indicated they would […]

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Scotts Miracle-Gro CEO Says California’s ‘Botched Legalization’ Forcing Company to Cut Staff, Restructure

Scotts Miracle-Gro CEO Jim Hagedorn said that the company is going to have to cut staff and restructure the company as sales took a hit from the “completely botched legalization” of cannabis in California, according to a Columbus Business First report. The company expects to save $15 million consolidating operations and $20 million from cutting […]

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Colorado Dispensary Faces Loss of All Cannabis Licenses for ‘Looping’ Scheme

Colorado’s Sweet Leaf Marijuana Centers could lose its 26 retail, cultivation, and manufacturing licenses after a municipal hearing officer ruled that the company pocketed millions of dollars in a “looping” scheme that allowed customers to purchase the maximum amount of cannabis multiple times a day and sell it in the illicit market, the Denver Post […]

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Report: Colorado’s Dixie Brands Considering IPO in Canada

Denver, Colorado-based cannabis beverage maker Dixie Brands is considering launching an initial public offering and listing in Canada aiming toward expansion and acquisitions early next year, according to a Bloomberg report. Dixie CEO Chuck Smith said the company will have revenues of $20 million this year and anticipates revenues of $50 million next year. “We […]

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Cannabis Canada Council Launches as Nation Moves Toward Legalization

Members of Canada’s cannabis industry have formed the Cannabis Canada Council, a single national industry association for the sector. The council includes members of the Cannabis Canada Association, the Canadian Medical Cannabis Council, and operators such as Canopy Growth, Tilray, Aurora Cannabis, MedReleaf, Aphria, Emblem, Cronos Group, Hydroapothecary, Emerald Health Therapeutics, The Supreme Cannabis Company, […]

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SEC Filing: MassRoots in the Red, ‘Need to Raise Additional Funds to Continue Operations’

Cannabis tech company MassRoots reported a $44 million net loss on revenues under $320,000 in 2017, according to its annual U.S. Securities and Exchange Commission filing outlined by The Cannabist. More than $22 million of the losses equaled the value of stock-based compensation to former employees, board members, and business consultants. The company has also […]

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