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Business Issues/Benchmarks: Page 247
U.S. House Includes SAFE Banking Act in New COVID-19 Relief Bill, Montana Cannabis Legalization Campaign Launches Signature Drive: Week in Review
This week, House lawmakers included legislative language from the SAFE Banking Act in new legislation aimed at economic relief amid the coronavirus pandemic.
Terrace Global Announces Agreement With the Flowr Corporation to Jointly Develop Outdoor Medical Cannabis Project in Portugal
The agreement fast-tracks Terrace Global’s operations in Portugal and provides a foundation for future extraction in the E.U.
End Notes
Quotes you should note.
Israel Allows Medical Cannabis Exports
The move sets the stage for international sales.
Maine Eliminates Residency Requirement for Adult-Use Cannabis Businesses
The state reached an agreement with a cannabis operator that repeals a rule requiring applicants to live in Maine for a minimum of four years.
CV Sciences Q1 Revenue Down 45% From Last Year
With fallout from COVID-19 among other challenges, the company has had to right-size its staff and cut back on salaries.
Most of Colorado’s Failed Cannabis Tests Stem from Microbials: Here’s What Cultivators and Dispensaries Can Do About It
An annual report from the Marijuana Enforcement Division revealed that nearly 15% of cannabis flower and trim failed microbial testing last year.
NCIA Calls for Cannabis Oversight Change
In comments to the DEA’s request for information, NCIA advises cannabis research be overseen by health agency.
Colorado Adds 8 Products to List of Pesticides that Can Be Used on Cannabis
The products can now be used without violating the Pesticide Applicators' Act.
Ohio’s Regulate Marijuana Like Alcohol Campaign Suspends Effort to Get Cannabis Legalization Initiative on 2020 Ballot
The state rejected the group’s initial petition, and the campaign has struggled to find its footing as Ohio responds to the COVID-19 pandemic.
Industry Executives Share Insights on Sales Trends as States Reopen
Medical businesses in Oklahoma and Ohio are seeing high demand for cannabis.
Rubicon Organics Receives License to Sell Cannabis from Health Canada
With the receipt of the sales license, Rubicon Organics is now able to directly sell its organic certified flower to all provincial and territorial distributors.
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