Business Issues/Benchmarks: Page 277

Hemp Business Sues Carson City, Nev., After City Denies Its Permit

Tahoe Hemp LLC is accusing the city of breaching a contract with the property’s former owner.

Hawaii Lawmakers Propose New Cannabis-Related Bills for 2020

The deadline to introduce new legislation passed last week, and 21 new cannabis-related measures have been proposed in the House and Senate.

Cherokee Nation Forms Work Group to Study Benefits of Cannabis

The tribe, one of the largest in the nation, wants to create a ‘well-informed policy’ regarding the use and cultivation of cannabis and hemp.

CBG and CBC Kill Gastrointestinal Cancer Cells in Preliminary Study

Funded by U.S. company Cannabics Pharmaceuticals, a firm focused on the development of cannabinoid therapies for cancer treatment, Israeli researchers have demonstrated the anti-tumor efficacy of CBG and CBC against human gastrointestinal cancer cell lines.

Cresco Labs Announces Signing of Senior Secured Credit Agreement

An initial drawdown of up to US$100 million is expected at the end of January, and the agreement includes a mutual option to increase to up to US$200 million.

Aphria Inc. Enters Into Agreement to Receive $100 Million Strategic Investment from Institutional Investor

The funding strengthens Aphria's cash balance pro forma to nearly $600 million.

Cannabis Research Center at Colorado State University Receives $1.5 Million Donation

The research center, dedicated to studying the chemical compounds in hemp, is expected to open this spring.

Massachusetts Committee Votes to Advance Legislation That Would Regulate Host Community Agreements

The Massachusetts Legislature’s Joint Committee on Cannabis Policy voted to advance a bill that would more heavily regulate the agreements between municipalities and the cannabis businesses they host.

New York’s Licensed Cannabis Businesses Weigh In on Adult-Use Legalization

The state of New York seems on the cusp of legalizing recreational adult-use cannabis.

Medical Cannabis Is Now Free in Sicily

Sicily’s health chief, Ruggero Razza, signed a decree Jan. 21 that will now allow medical cannabis patients free access to medical cannabis.

Curaleaf Secures $300 Million in Capital

Chief Financial Officer Neil Davidson discusses the company’s loan and shares how Curaleaf was able to exceed its initial goal of $275 million.

SAFE Banking Act’s House Co-Sponsors Urge Senate to Take Action, Adult-Use Legalization Efforts Underway in New York, New Mexico and New Hampshire: Week in Review

Legislators submitted a letter to Senate committee chairman Mike Crapo this week to address his concerns about the SAFE Banking Act, and to urge him to approve the bill.

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