Business Issues/Benchmarks: Page 322

Cresco Labs Closes Sale-and-Leaseback with Innovative Industrial Properties for Ohio Facility

The company has closed on the agreement to sell its Yellow Springs, Ohio, property to Innovative Industrial Properties, Inc.

8 Products Added to Colorado's List of Pesticides That Can Be Used on Cannabis

The products can now be used without violating the Pesticide Applicators' Act.

Why Insurance Policies for Directors and Officers Are Essential in the Cannabis Industry

Cannabis businesses run a higher risk of facing a “D&O claim,” or a lawsuit aimed directly at the directors and officers of the company rather than at the company itself.

5 Cannabis Trends to Watch in 2020

What we witnessed in 2019 and where we’re headed in 2020.

Driven Deliveries to Acquire Humboldt Heritage Inc

Driven Deliveries will purchase Northern California-based cannabis distribution company, Humboldt Heritage Inc., and its subsidiaries, Humboldt Sun Growers Guild LLC and Grateful Eight LLC.

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.

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