Business Issues/Benchmarks: Page 403

CVS to Sell CBD Products in 800 Stores in 8 States

The national drug store chain will be marketing the topical cannabidiol products, such as creams, sprays and roll-ons, as “an alternative source of relief."

Trulieve Begins Florida Smokable Medical Cannabis Sales

Trulieve received its approval from the Florida Department of Health to begin selling full flower on March 20.

U.S. Bank Subsidiary Pulls Out of CBD Industry

With Evalon closing its CBD merchant accounts, what’s next for the uncertain business climate?

Canopy Growth Acquires Hemp Company to Accelerate Expansion in the United States

The vision proposed by AgriNextUSA would involve creating Hemp Industrial Parks such as the one previously announced in New York State.

International Cannabis Corp., Wayland Holdings Seek Global Transaction

The two companies will place a focus on emerging markets in Europe.

HEXO Would Quadruple Cannabis Cultivation Space in Canada with Newstrike Brands Acquisition

The deal could increase HEXO’s cannabis production capacity to 150,000 kilograms per year.

Illinois Bills Aim to Ease State Banking Regulations on Marijuana Businesses

The state treasurer supports legislation that would prohibit state banking regulators from punishing banks that provide basic services to legitimate cannabis-related businesses.

California Is Growing So Much Marijuana It Could Crash the Market

California has too many marijuana farms — growing too much product — and if nothing is done it will devastate the industry, according to a 2019 cannabis harvest projection.

Legends Business Group, Inc. Initiates Reverse Merger, Set to Generate $1.2 Million in Revenue

The company has initiated a reverse merger with Global Cannabis Corp., a Canadian medical cannabis clinic and education center network with 320,000 patients to date.

Marijuana Company of America Acquires Interest in Licensed California Manufacturing and Distribution Company

The move will establish a Joint Venture to operate a California cannabis delivery service named Viva Buds.

SAFE Banking Act Scheduled for Markup in House Committee Next Tuesday

The legislation to allow banks to more easily work with legal cannabis businesses will receive the first markup in the House Financial Services Committee at 2 p.m. on March 26.

Multi-State Cannabis Company Vireo Health to Begin Trading on the Canadian Securities Exchange Under Ticker Symbol 'VREO'

The company will begin trading on the CSE effective at market open on March 20.

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