Cannabis Wire · Page 20

Ben & Jerry’s Jumps on CBD Wagon Just Before FDA Hearing
May 31, 2019, 6:50 am By Julia Barajas
On the eve of the FDA’s hearing on cannabis and cannabis-derived products, Ben & Jerry’s issued a press release announcing the potential for the company to bring “CBD-infused ice cream to your freezer.” In the announcement, the company also indicates…

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UPDATED: Some of North America’s Largest Cannabis Companies Are Releasing Earnings This Week. Here Are the Highlights.
May 31, 2019, 12:01 am By Y Lee
This piece was updated on May 31 to include the following three companies. For earnings published on May 30, see below. Curaleaf Holdings Q1 2019 revenue hit $35 million, up 288% from $9 million in the same quarter last year, but only a 10 percent increase…

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Illinois Cannabis Legalization One Step Closer As Senate Passes Ambitious Adult Use Bill
May 30, 2019, 6:55 am By Alyson Martin
On Wednesday night, Illinois lawmakers took another big step toward legalization of adult use cannabis as the Senate voted 38-17 in support of a comprehensive measure to regulate possession and sales of adult use cannabis. The bill now heads to the House.…

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Some of North America’s Largest Cannabis Companies Are Releasing Earnings This Week. Here Are the Highlights.
May 30, 2019, 6:50 am By Y Lee
Charlotte’s Web Holdings reported Q1 2019 revenue of $21.7 million, a 66 percent revenue increase from $13.1 million in the same period last year. The company will also delist from the CSE and land on the TSX Friday. During an earnings call, the company…

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In Fits and Starts, California’s Hemp Industry Pushes Forward
May 29, 2019, 6:55 am By Julia Barajas
In late April, California allowed counties to begin issuing licenses for commercial industrial hemp production. The move was well received by stakeholders, who’ve been waiting to get started since the passage of the 2018 Farm Bill. In removing hemp from the…

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Upstate New York: A “Hemp Industrial Park” Sparks Hope
May 28, 2019, 6:55 am By N. Rao
Broome County, New York, would like to welcome you to the site of Canopy Growth’s future hemp industrial park, a multimillion-dollar facility that local leaders believe can spark industry and farming—and thus jobs—in the hard-pressed upstate region. The…

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New Jersey Assembly Advances Medical Cannabis Expansion Bill
May 24, 2019, 6:55 am By Cannabis Wire Editors
The New Jersey State Assembly passed a medical cannabis expansion bill on Thursday, with 65 votes in favor, 5 against, and 6 abstentions. The bill, called the ‘Jake Honig Compassionate Use Medical [Marijuana] Cannabis Act,’ named after a 7-year-old boy…

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On Capitol Hill, Cannabis Industry Pushes Social Justice Goals
May 24, 2019, 6:50 am By Jeremy Borden
As the National Cannabis Industry Association rolled out a plan Thursday on Capitol Hill to address the lack of diversity and equity in the legal industry, one audience member had a question. As NCIA members make the rounds on Capitol Hill for its annual…

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Los Angeles Budget Threatens to Hamper Cannabis Social Equity Rollout
May 23, 2019, 6:55 am By Julia Barajas
The city of Los Angeles’ proposed budget for the next fiscal year, released last month, seems to send a clear signal: plenty of funding for law enforcement, including more crackdowns on unlicensed cannabis businesses, and not so much money for social equity…

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Texas Senate Votes to Expand Access to Medical Cannabis
May 23, 2019, 6:50 am By Stephen Paulsen
In a unanimous vote on Wednesday, the Texas Senate voted to significantly expand access to “low-THC” cannabis medicine in the Lone Star State. Republican Senator Donna Campbell sponsored House Bill 3703 after it sailed through the House with only 10…

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How the Cannabis Industry Hopes to Get The SAFE Banking Act Through Congress
May 22, 2019, 6:55 am By Jeremy Borden
How can Congress be persuaded to provide legal protections for financial institutions that engage with the cannabis industry? Proponents have a plan, and spoke freely about it on Tuesday at an industry event on Capitol Hill. Step One is to round up more…

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On the Heels of a Failed Legalization Bill, New Jersey Lawmakers Waste No Time Expanding Medical Cannabis
May 21, 2019, 6:55 am By Y Lee
After adult use legalization efforts in New Jersey imploded last week, committees on Monday voted overwhelmingly to advance medical cannabis expansion and expungement plans, and now the full New Jersey Legislature is expected to vote on the proposals as early…

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The Illinois Cannabis Bill Has a Problem: Secrecy
May 20, 2019, 6:55 am By Jeremy Borden
A sweeping secrecy provision that has hampered the ability of journalists, lawyers, academics, and interested citizens to assess Illinois’ medical cannabis program has been partially maintained in the working version of proposed legislation that would…

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Nevada Governor’s Transparency Move Reveals Big Names in State Cannabis Industry
May 17, 2019, 6:55 am By Nushin Rashidian
Nevada voters legalized cannabis for adult use in 2016 and, until now, they’ve had no way of knowing who was behind the state’s booming cannabis industry. On May 10, Nevada Governor Steve Sisolak signed into law a bill to improve transparency around who…

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Illinois Lawmakers Consider Home Grow and Expungement Changes to Cannabis Legalization Bill
May 16, 2019, 6:55 am By Jeremy Borden
The Illinois Senate Executive Committee listened to about three hours of testimony Wednesday from those for and against a measure that would legalize the adult-use of cannabis. The hearing ended without a vote, and the bill’s primary sponsor and a…

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New Jersey Legalization Effort Officially Dead as New York Lawmakers Renew Push
May 15, 2019, 4:57 pm By Alyson Martin
The east coast cannabis industry had a wild ride Wednesday: as word spread around New York that lawmakers were coming together over an amended adult use bill, a compromise, Senate President Steve Sweeney in neighboring New Jersey declared the push for a bill…

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Q&A: Cresco’s CEO on Cannabis and Equity in Illinois
May 15, 2019, 6:55 am By Jeremy Borden
In the months before the new Illinois governor, J.B. Pritzker, was sworn in this January, he appointed a transition team that began to decide what a new measure to legalize adult-use cannabis should look like. Pritzker appointed a forty-five-member group that…

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Illinois Senate Schedules Hearing for “Hot Button” Cannabis Legalization Bill
May 14, 2019, 6:55 am By Jeremy Borden
The effort to legalize adult-use cannabis in Illinois will face a key milestone Wednesday when a Senate committee is scheduled to hold a public hearing and likely vote on a measure supported by the state’s governor and top Democratic leadership. The Senate…

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At the California Senate, Four Cannabis Bills Move Forward
May 14, 2019, 6:50 am By Julia Barajas
Without much fanfare, four cannabis-related bills gained ground during a hearing in the California Senate Appropriations Committee on Monday. The committee, which weighs in on bills with potentially significant fiscal impact, determined to have the measures…

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Day 2: Dispatches from the 2019 Institutional Capital and Cannabis Conference
May 12, 2019, 9:08 pm By Julia Barajas
On Friday, Cannabis Wire published coverage of Day 1 of the third annual Institutional Capital and Cannabis Conference in Los Angeles, which you can read below. As investors gathered late last week to discuss what to expect at the national, state, and local…

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