Industry Headlines: Page 295

U.S. Government Announces $3 Million in Research Grants to Study Whether CBD Can Relieve Pain

Nine research grants have been awarded to study CBD and other chemicals, although THC research is excluded.

FARMACEUTICALRX LLC of Pennsylvania Receives Full Certification to Operate Medical Marijuana Grower/Processor Operations

FARMACEUTICALRX was awarded a Grower/Processor license last summer from the Pennsylvania Medical Marijuana Office as part of Round Two of the Medical Marijuana Program.

CannTrust Issues Statement Regarding Notice of Product Return at Alberta Gaming, Liquor and Cannabis Commission

The products to be returned constitute all or substantially all of the company's products currently held at the AGLC and are valued at approximately $1.3 million.

SLANG Worldwide Agrees to Investment by Canopy Growth Corp. Co-Founder Bruce Linton, Welcomes Him as Active Investor

SLANG Worldwide owns a diverse portfolio of branded products and has a presence in 12 U.S. states, with products available in over 2,600 retail stores.

Plus Products Partners with John Legend and Casper to Launch Nationwide 100-Percent Hemp CBD Edible Line

The new CBD line will include three distinct products: BALANCE in Blueberry flavor, UPLIFT in Grapefruit flavor and SLEEP in Blackberry Tea flavor.

InterCure Subsidiary Canndoc Signs Strategic Distribution Agreement with S.L.E. of Teva Pharmaceuticals

Under terms of the agreement, S.L.E. will distribute Canndoc's GMP products to pharma clients, including hospitals, health maintenance organizations (HMOs) and all pharmacies in Israel, including pharmacy chains.

Gage Cannabis Co. Offers Nearly $1 Million in Grants to Support Participants Of Michigan MRA Social Equity Program

The Michigan craft cannabis brand will provide 19 grants of up to $50,000 to entrepreneurs impacted by marijuana prohibition and enforcement.

CannTrust Discloses Notice of License Suspension

The notice cites the company's previous non-compliance with certain requirements of the Cannabis Act.

Ohio’s Medical Cannabis Is Too Expensive and Inconvenient, According to a Patient Survey

The state’s medical marijuana cardholders provided insights in a survey conducted by Ohio State University’s Drug Enforcement Policy Center and an advocacy group called Harm Reduction Ohio.

GB Sciences Sells Its Louisiana Medical Marijuana Business at a $32 Million Total Valuation

A 50-percent ownership stake in GB Sciences Louisiana, LLC will be purchased by Wellcana Plus LLC, affiliated through its managers with the group which holds the other 50 percent of the Louisiana operations.

Colorado Department of Revenue Releases Average Market Rates for Adult-Use Marijuana Effective Oct. 1, 2019

Prices for bud increased for the fourth consecutive quarter.

Cresco Labs and Origin House Announce Substantial Compliance with HSR Second Request

Both companies have submitted certifications of substantial compliance with the request for additional information in respect of Cresco Labs’ pending acquisition of Origin House.

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