Business Issues/Benchmarks: Page 213

WM Holding Company, LLC to List on Nasdaq Through Merger with Silver Spike Acquisition Corp.

WM Holding Company operates Weedmaps and WM Business, a comprehensive software-as-a-service subscription offering for cannabis retailers and brands.

Sun-Grown Dreams

Los Sueños Farms owner Bob DeGabrielle had visions of improving people’s lives through cannabis, and now he oversees one of the U.S.’s largest outdoor cannabis farms that relies on ag-driven technology and processes to produce at scale.

6Pak Creates Strategic Alliance with CannaPiece Corp

ATG Pharma’s packing arm joins forces with one of Ontario’s most extensive extraction facilities to supply high-demand products currently in shortage.

New Mexico Advisory Board Recommends Increasing Medical Cannabis Plant Count

The board recommended that the state health secretary consider allowing licensed cultivators to grow more plants to alleviate concerns about the high cost of medical cannabis and the lack of variety.

Canopy Growth to Close Additional Canadian Cultivation Sites

The company will shutter roughly 17% of its indoor cultivation space and all of its outdoor cultivation sites, and will lay off about 220 employees.

House Passes Bipartisan Bill Facilitating Clinical Cannabis Research, Allowing Scientists to Access State-Approved Marijuana Products

HR 3797 would also end the decades-long monopoly on the cultivation of cannabis for FDA-approved research by requiring federal agencies to license multiple manufacturers in addition to the University of Mississippi.

Way2Grow Biopharma Company Receives Health Canada Standard Cultivation License, Processing License and Medical Sales License

The licenses are effective as of Nov. 20, 2020.

DNA Genetics Announces First Strategic Alliance Agreement in California With Natura Life + Science

The agreement will grant Natura license to DNA Genetics, Crockett Family Farms and associated family of brands, as well as access to their proprietary award-winning genetics and standardized operating procedures.

Researchers Develop Test to Determine Cannabinoid Dominance in Cannabis

A University of Minnesota research team has developed a genetic test that can predict whether cannabis will produce mostly CBD or THC, having broad implications for both cannabis and hemp.

U.S. House Passes MORE Act, UN Votes to Remove Cannabis From List of Most Dangerous Drugs: Week in Review

This week, the industry celebrated two major votes.

U.S. House Passes MORE Act

The bill, H.R. 3884, removes cannabis from the U.S. Controlled Substances Act.

A Note from Quest President Clifton Tomasini

While passion and will may be essential, so too are insights that help advance cultivation processes.

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