Business Issues/Benchmarks: Page 304

Texas Stops Medical Cannabis Dispensary Licensing Process

The Department of Public Safety has abruptly suspended the process just over a week after it began accepting new applications.

A New Theory Emerges: Is the Vaping-Related Lung Illness Culprit Actually Cadmium?

Co-owners of Colorado Green Lab put forth a hardware hypothesis based on the Mayo Clinic’s recent research.

California Governor Signs Law Allowing Medical Cannabis on School Campuses

Legislation signed by Gov. Gavin Newsom allows schools to decide whether parents can administer medical cannabis to their children on school property.

ACLU Sues Pennsylvania County Over Medical Cannabis Policy

The organization’s Pennsylvania chapter has filed a lawsuit against Lebanon County over a rule that bars people on probation from using medical marijuana.

Cannara Biotech Secures $6 Million Mortgage Financing Facility with Canadian Imperial Bank of Commerce

These funds will reduce the existing vendor take-back mortgage, thereby significantly reducing debt service costs.

California Bureau of Cannabis Control Announces Local Equity Grant Funding Recipients

The Bureau awarded a total of $10 million in equity grant funding to 10 local jurisdictions.

Cannafornia Announces New Division For CBD Products

The company's portfolio of CBD topicals, tinctures, capsules and edibles targets sports performance.

Canopy Growth Announces New Chair of the Board of Directors

David Klein has been appointed chair of the company's Board of Directors, effective immediately.

MedMen and PharmaCann Terminate $682-Million Acquisition Deal

The companies announced Oct. 8 that they are abandoning their plans for MedMen to purchase PharmaCann.

How a Real Estate Company Came to Own Three Cannabis Cultivation Facilities in Illinois

Innovative Industrial Properties is purchasing licensed cultivation facilities in the state and leasing them back to the licensees to help them secure funds ahead of the adult-use market launch.

Zelda to Merge With U.S.-Based Ilera Therapeutics to Create Global Therapeutic Medicinal Cannabis Company

The merger between Zelda and Ilera Therapeutics will create a global medicinal cannabis company, which will be rebranded as "Zelira Therapeutics Limited."

MJardin Receives Full Purchase Price from Joint Venture Partner, Begins Phase 2 Development at its Largest Cultivation Facility

Subsequent to its recently announced non-binding letter of intent with Peguis First Nation in connection with its Warman cultivation facility, Peguis has agreed to pay the full amount of the purchase price in advance of the closing of the transaction.

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