Industry Headlines: Page 338

House Committee Approves SAFE Banking Act, CVS and Walgreens to Sell CBD Products: Week in Review

This is the first time a bill related to cannabis banking has been approved by a congressional committee.

Canopy Growth Welcomes Houseplant to the Family

Founded by Seth Rogen and Evan Goldberg, Houseplant is a new brand of Canadian cannabis.

Walgreens to Sell CBD Products in 1,500 Stores

Walgreens will sell CBD creams, patches and sprays in nearly 1,500 stores in select states.

Global Consortium, Inc. Explores Opportunities in Canada

A move to Canada would open up funding opportunities and the company would be valued at a higher multiple, with the ability to dual list in the U.S.

CBD Expected to Have Explosive Growth in European Union

For now, CBD in the EU is largely limited to topical use and tobacco products.

Governor Delays Planned Expansion of New Jersey's Medical Marijuana Program

Gov. Phil Murphy’s administration is walking back its public plans for expanding New Jersey’s medical marijuana program after fielding concerns from state legislative leaders.

Medical Cannabis Billboard Unveiled in South Carolina

The ad features local Marine veteran Steven Diaz, a Purple Heart recipient and veterans advocate, and it reads, "Medical cannabis would help veterans like me. Will our legislators?"

WeedMD to Expand Production with Outdoor Cannabis Cultivation at Its Licensed 98-Acre Strathroy Property

The municipality supports WeedMD's outdoor grow with the first harvest expected in fall 2019, pending Health Canada approval, as the company looks to double production by 2020.

Stem Holdings Inc. Enters the Global Cannabis and Industrial Hemp Market With Acquisition of South African Ventures Inc.

The eSwatini facility will be located on 2,500 acres at The Science Park Matsapha for cannabis and industrial hemp cultivation.

40 Percent of U.S. Adults Interested in Trying CBD, According to Study

40 percent of adults express interest in cannabidiol but seek easier access, more information and a physician’s recommendation prior to trying CBD products.

Columbia Care Announces Peer-Reviewed Publication in Collaboration with New York University Detailing Medical Cannabis Use Among Cancer and Non-Cancer Patients in The Journal of Palliative Medicine

The findings demonstrate key differences in demographics and choice of medical cannabis product between patients with cancer and without cancer.

Aura Announces Appointment of Alain Dobkin to Its Board of Directors

Dobkin brings experience in global and Israeli finance and M&A, having managed transactions with aggregate value of ~US$40 billion.

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