Business Issues/Benchmarks: Page 288

Village Farms Opts to Receive $5.94 Million Cash Refund from Pure Sunfarms

The refund relates to an additional equity contribution that Village Farms made to Pure Sunfarms on Nov. 19, 2019.

South Carolina Patients and Doctors Call on Legislature to Enact Medical Cannabis Legislation

A press conference will be held Jan. 22 in the Capitol Rotunda.

Oregon Liquor Control Commission Issues Marijuana Product Recall

Winberry Farms Sweet Leaf Blend pre-rolls failed pesticide testing.

Appeals Court Rules that New Jersey Company Must Cover Employee’s Medical Cannabis Costs

With worker’s compensation ordered to cover medical cannabis, will private insurers follow suit in New Jersey and beyond?

Purpose Investments Inc. Launches Europe’s First Cannabis ETF in Partnership with HANetf

The fund listed Jan. 14 on the Deutsche Boerse XETRA exchange in Germany.

Global Cannabis Sales Grow 48% to $15 Billion in 2019

The cannabis market on track to reach $43 billion in 2024.

Joliet, Ill., Cresco Labs Employees Vote to Unionize

At Cresco Labs’ cannabis cultivation facility in Joliet, Ill., employees voted 58-37 in favor of joining United Food and Commercial Workers Local 881.

Halifax County, Va., Secures $250,000 Grant to Fund Hemp Processor Facility

Project Phoenix promises help for an ailing supply chain in southern Virginia.

Platinum Confronts Counterfeit Products in Michigan, California

The company has worked alongside law enforcement to get illicit products removed from store shelves, and recently launched a QR code solution to help customers verify the authenticity of its products.

With Alcohol Consumption Down Among Millennials, Big Businesses See Opportunities for THC-Infused Beverages

As companies continue to perfect cannabis-infused beverages, the category could gradually supplant alcohol.

Fox’s Cannabis Law Group Named “Practice Group of the Year” by Law360

The list list “honors the firms behind the litigation wins and major deals that resonated throughout the legal industry in the past year.”

Supply Chain Bottlenecks Remain Concern as Pennsylvania Hemp Growers Look to 2020 Season

Where farmers grew about 4,000 acres of hemp in 2019, much of that supply is languishing in storage warehouses, victim to an early boom in hemp production.

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