Finance: Page 57

U.S. House Includes SAFE Banking Act in New COVID-19 Relief Bill, Montana Cannabis Legalization Campaign Launches Signature Drive: Week in Review

This week, House lawmakers included legislative language from the SAFE Banking Act in new legislation aimed at economic relief amid the coronavirus pandemic.

Terrace Global Announces Agreement With the Flowr Corporation to Jointly Develop Outdoor Medical Cannabis Project in Portugal

The agreement fast-tracks Terrace Global’s operations in Portugal and provides a foundation for future extraction in the E.U.

Maine Eliminates Residency Requirement for Adult-Use Cannabis Businesses

The state reached an agreement with a cannabis operator that repeals a rule requiring applicants to live in Maine for a minimum of four years.

CV Sciences Q1 Revenue Down 45% From Last Year

With fallout from COVID-19 among other challenges, the company has had to right-size its staff and cut back on salaries.

Newly Released Memo Advises DEA to Change Cannabis Research Regulations, Minnesota Lawmaker Introduces Adult-Use Legalization Bill: Week in Review

This week, a 2018 memo surfaced, indicating that the Drug Enforcement Administration’s practices have been non-compliant with international drug laws for decades.

Cannabis Policy Advocates Urge Congress to Include Banking Reform in Next Coronavirus Relief Legislation

Advocates argue that the lack of banking access hinders social distancing efforts, increases risk of contagion, creates unnecessary financial hardship and presents other safety risks for essential businesses and patients.

The Green Organic Dutchman Receives Health Canada License Amendment for Valleyfield Hybrid Greenhouse

With all 24 zones now licensed, TGOD has the flexibility to quickly expand its operations at Valleyfield as the market develops.

Cresco Labs Completes Expansion of Cultivation and Manufacturing Facility in Pennsylvania

The expansion enables the company to triple its grow capacity and expands its manufacturing capabilities.

Oklahoma Collects Nearly $10 Million in Medical Cannabis Tax Revenue in April

April’s figures break the previous record of $7.8 million, which was set in March.

Michigan’s Cannabis Industry Grapples with New Regulations Surrounding Caregiver Products

Last month, the state abruptly cut off adult-use dispensaries’ supply of caregiver cannabis, which could interrupt the overall supply chain until licensed cultivators and processors can meet consumer demand.

Former Green Growth Brands Executive Peter Horvath to Run Hightimes Holding Corp.

Following former CEO Stormy Simon’s exit, Horvath will preside over the publishing company’s pivot to retail.

Constellation Brands Exercises Warrants to Acquire Shares in Canopy Growth

The company says the move reinforces its confidence in Canopy's ability to win long-term in the emerging cannabis industry.

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