Industry Headlines: Page 267

Cannabis Research Center Opens at Michigan’s Lake Superior State University

LSSU launched Cannabis Chemistry and Cannabis Business majors in the fall of 2019, and the new center will provide hands-on training for students in the Cannabis Chemistry program.

Massachusetts Regulators Aim to Cut Wait Times for Cannabis Business Licenses

The Cannabis Control Commission wants to hire additional staff to reduce the average wait time from 121 days to 60 days.

Tax Revenue from Illinois Adult-Use Cannabis Sales Surpassed $10 Million in January

The state is on track to top Gov. J.B. Pritzker’s budget estimates.

New York Governor Announces Plans to Tour Legal Cannabis States

Gov. Andrew Cuomo hopes to learn from other states about what has worked well for them and what has not ahead of New York’s 2020 legalization efforts.

Pennsylvania Approves Additional Cannabis Suppliers for Research Institutions

Four new companies have been approved to cultivate cannabis for research purposes in partnership with medical schools.

New Mexico Legislature Passes Medical Cannabis Residency Bill, Medical and Adult-Use Cannabis Legislation Advances in Multiple State Legislatures: Week in Review

Medical cannabis legalization bills advanced in Alabama and Kentucky this week, while a bill to legalize the possession and limited cultivation of cannabis for adults cleared the New Hampshire House.

MJardin Receives Cultivation and Processing License at Second Ontario Facility

The facility, located in Dunnville, is a joint venture between MJardin Group (75%) and Grand River Organics (25%).

FSD Pharma Generates $7.7 Million in Proceeds and 670% Return on Investment Through Sale of Interest in Cannara Biotech

The company has sold its 12% equity interest in Cannara Biotech Inc.

CBN, CBC and Acidic Forms Found to Kill Colon Cancer Cells

A new pre-clinical study from Cannabics Pharmaceuticals finds CBN, CBC and their acidic forms to be effective against human colon cancer cell lines.

Canopy Growth Reports Third Quarter Fiscal 2020 Financial Results

The company generated $124 million in net revenue, up from $76 million in Q2 2020.

Cannara Insiders Form Buying Group to Fully Acquire FSD/FV Pharma's Position in Cannara

The insiders' increased stake in Cannara coincides as cultivation is poised to commence.

C3 Industries Harvests First Product, Obtains Adult-Use License

The cannabis producer and retailer, headquartered in Ann Arbor, Mich., has harvested its first crop at its Webberville facility.

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