Business Issues/Benchmarks: Page 407

The Cannabis Industry is Begging the FDA for CBD Regulations

The legal uncertainty is frustrating startups trying to cash in on the surging popularity of CBD.

Plus Products Announces Closing of Previously Announced Private Placement of Unsecured Convertible Note Units

Gotham Green Partners and Stable Road Capital were two of the lead investors in the private placement.

New Report Values U.S. Cannabis Drinks Market at $1.4 Billion by 2024

A recent report by Zenith Global projects that the cannabis-infused drinks market will increase 15 times from 2018 sales of $89 million.

Aurora Cannabis Acquires Gaia Pharma in Portugal

The European company will now be known as Aurora Portugal Ltd.

Arcadia Biosciences Announces New Business Unit Dedicated to Cannabis

With Arcadia Specialty Genomics, the company is dedicating a strategic business unit to the optimization and standardization of cannabis plant content.

Australis Capital Acquires Mr. Natural Productions Inc., Gains Rights to Founder’s Life Story

The Aurora Cannabis spin-off will bring Mr. Natural products to a wider consumer base in the U.S.

4Front Extends Cannabis Operations With Acquisitions in Arizona and Massachusetts

The company acquired Arizona vertical license holder Greens Goddess, which currently owns a Phoenix dispensary.

Demand for California Cannabis Operators Heats Up as Curaleaf Announces $30.5-Million Acquisition

Eureka’s cultivation platform will provide Curaleaf access to California’s wholesale market through a 110,000-sq.-ft. greenhouse facility in Salinas.

Aurora Cannabis to Enter Portugal With Acquisition of Gaia Pharm

New production facility to expand supply to European medical cannabis systems, increasing Aurora’s international footprint to 24 countries.

Arizona House Panel OKs Bill to Legalize Extracts Under Medical Marijuana Law

HB 2149 spells out that the 2010 law that allows marijuana to be used for medical purposes also legalized anything made from the resins.

Delta 9 to Supply Cannabis to Private Retail Sector in Province of Saskatchewan

The Saskatchewan Liquor and Gaming Authority has authorized the company to supply cannabis directly to the province’s retail and wholesale markets.

Oklahoma Cannabis Businesses in Limbo Without Banking Regulations

A "Unity Bill" on medical marijuana regulations provides no new guidance for banking.

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