Business Issues/Benchmarks: Page 248

Newly Released Memo Advises DEA to Change Cannabis Research Regulations, Minnesota Lawmaker Introduces Adult-Use Legalization Bill: Week in Review

This week, a 2018 memo surfaced, indicating that the Drug Enforcement Administration’s practices have been non-compliant with international drug laws for decades.

Cannabis Policy Advocates Urge Congress to Include Banking Reform in Next Coronavirus Relief Legislation

Advocates argue that the lack of banking access hinders social distancing efforts, increases risk of contagion, creates unnecessary financial hardship and presents other safety risks for essential businesses and patients.

The Green Organic Dutchman Receives Health Canada License Amendment for Valleyfield Hybrid Greenhouse

With all 24 zones now licensed, TGOD has the flexibility to quickly expand its operations at Valleyfield as the market develops.

Cresco Labs Completes Expansion of Cultivation and Manufacturing Facility in Pennsylvania

The expansion enables the company to triple its grow capacity and expands its manufacturing capabilities.

Georgia Medical Cannabis Commission Appoints Executive Director

Andrew Turnage, the leader of the state boards that oversee cosmetology and nursing, will lead the Georgia Access to Medical Cannabis Commission, which is responsible for regulating the industry.

Oklahoma Collects Nearly $10 Million in Medical Cannabis Tax Revenue in April

April’s figures break the previous record of $7.8 million, which was set in March.

Massachusetts Cannabis Industry Braces for Reopening and Relief

Cultivators and retailers are optimistic about shutdown orders expiring May 18 and hoping for relief from a bill that, if approved, would provide state-level assistance to businesses ineligible for federal COVID-19 funds.

Michigan’s Cannabis Industry Grapples with New Regulations Surrounding Caregiver Products

Last month, the state abruptly cut off adult-use dispensaries’ supply of caregiver cannabis, which could interrupt the overall supply chain until licensed cultivators and processors can meet consumer demand.

Former Green Growth Brands Executive Peter Horvath to Run Hightimes Holding Corp.

Following former CEO Stormy Simon’s exit, Horvath will preside over the publishing company’s pivot to retail.

Constellation Brands Exercises Warrants to Acquire Shares in Canopy Growth

The company says the move reinforces its confidence in Canopy's ability to win long-term in the emerging cannabis industry.

Aphria Inc. Announces Receipt of EU GMP Certification for Subsidiary ASG Pharma Ltd. and Liquidation of Promissory Note

ASG Pharma Ltd. has received its European Union Good Manufacturing Practices certification from the Malta Medicines Authority for the production of cannabis for medicinal and research purposes.

Aleafia Health Secures Health Canada License Amendment for Paris Production and Extraction Facility Phase II Expansion

The 30,000-square-foot expansion is entirely dedicated to the extraction, production, packaging and distribution of finished cannabis products.

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