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Oh, Canna-bis! Canadian Cannabis Sales Double and Hit $2.6 Billion in 2020

The volume of sales was not the only thing that experienced significant rise in the Canada cannabis market in 2020, value brands also increased. With the industry seeing great diversification in the year, the rise of value brands can be traced down to a number of factors which include competitive prices and the influx of …

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Is Science Inherently Biased Against Marijuana, If So, How Can We Trust the Results?

I recently stumbled on this article published on “The Hill” entitled “To Safeguard public health let science guide marijuana legalization” written by Dr. Richard S. Rosenthal. In this article, the good doctor argues that “Science should be sitting at the center of all policy decisions regarding cannabis!” of which I actually agree. But then, upon …

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Amsterdam East – Bangkok Becoming Asia’s Cannabis Hub with New Cannabis Cafe

All options on the menu are guaranteed to give the customers a relaxing buzz. The duration of this buzz might differ based on the service ordered. That is the teas and snacks have a varying range of CBD in them with little or no THC content. This is because the government capped the THC content …

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Marijuana REIT announces $200 million private placement

Innovative Industrial Properties, a marijuana real estate investment trust (REIT), said it plans to raise $200 million through a private placement of senior notes for continued cannabis-related property investments. The San Diego-based company said the placement, under its IIP Operating Partnership, will grant initial purchasers of the notes a 30-day option to buy an additional …

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Canada approves fourth medical cannabis vaporizer license

Health Canada approved a cannabinoid inhaler made by Tel Aviv, Israel-based Syqe Medical, the company announced, making it only the fourth medical device license granted for a cannabinoid vaporizer by Canada’s federal regulator of therapeutic products. The license means the inhaler may be offered for general marketing purposes in Canada. Syqe Medical said in late …

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Alabama governor signs medical cannabis legalization bill into law

Alabama on Monday became the latest state in the nation and second in the Deep South to legalize a medical cannabis market after Gov. Kay Ivey signed a legalization bill into law. The Republican governor’s approval of a restrictive medical marijuana market comes nearly two weeks after lawmakers passed the landmark measure. The signing took …

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Samuel Adams brewer to research cannabis beverages in Canada

The Boston Beer Co., the maker of Samuel Adams, announced plans to establish a subsidiary in Canada to research nonalcoholic cannabis beverages. The subsidiary will serve as a dedicated research and innovation hub focused on nonalcoholic cannabis beverages, according to a news release. The company did not say where it intends to sell any products …

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Marijuana legalization outlook: Minnesota fading, Alabama gov says yes

Minnesota’s House of Representatives passed recreational marijuana in a historic vote last Thursday, but the bill likely will die in the Republican-led Senate, which isn’t expected to consider the measure before the legislative session ends later Monday. Marijuana legalization outlook: Minnesota fading, Alabama gov says yes is a post from: Marijuana Business Daily: Financial, Legal …

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Why Hexo is buying 48North Cannabis for CA$50 million: Q&A with CEO St. Louis

Hexo Corp. is buying competitor 48North Cannabis Corp. in an all-stock deal worth approximately 50 million Canadian dollars ($41 million), the companies said Monday morning, continuing the Ottawa, Ontario-headquartered company’s recent acquisition spree. The planned acquisition comes on the heels of Hexo’s agreement in February to buy another struggling rival, Zenabis Global, for CA$235 million …

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Curaleaf acquires Los Sueños for $67M, expands CO marijuana footprint

Massachusetts-based multistate marijuana operator Curaleaf Holdings plans to grow its footprint in the Colorado cannabis market by acquiring the cultivation and retail assets of Pueblo, Colorado-based Los Sueños Farms. The proposed acquisition is worth $67 million, 61% of which will be paid in Curaleaf subordinate voting shares, 29% in cash at closing and 10% in …

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