Industry Headlines: Page 346

Cannabis Legalization Bill, Legislation Aimed at Increasing Veterans’ Access to Medical Marijuana Introduced in U.S. Congress: Week in Review

Sen. Ron Wyden introduced S. 420 to federally decriminalize marijuana and allow it to be taxed and regulated.

Sunniva Estimates Over USD $55 Million Revenue in 2019 From Branded Products in California

The company has also secured an additional USD $4 million in purchase orders.

Harborside Completes Reverse Takeover of Lineage Grow Co.

The business combination will bring Harborside to the public trading floor of the Canadian Securities Exchange.

Tidal Royalty Strikes Deal With MichiCann to Launch New U.S. Cannabis Player

MichiCann owns or controls 11 medical cannabis dispensaries in Michigan and is in the final stages to acquire another 11 shops.

LivWell Buys Fort Collins Dispensary Infinite Wellness Center

The sale adds a fifteenth dispensary to LivWell's brand in Colorado.

Minnesota Medical Marijuana Program Nearly Doubled in 2018

The highest percentage of patients, at 64 percent, use the program to treat intractable pain.

Colorado Marijuana Sales Top $6 Billion to Date Since Adult-Use Marijuana Sales Began

The revenue from marijuana taxes, licenses and fees topped $266.5 million in 2018.

Canadian Cannabis Company TerrAscend to Buy California Retailer Apothecarium for $118.4 Million

The Apothecarium’s four retail dispensaries in California and Nevada provide cannabis to both medical patients and adult-use customers.

Veritas Leads Puerto Rico Partnership With Approval of New Investigation License

The license allows clinical evaluation of the company's lead cannabis product in alleviating acute pain.

A New Marijuana Lobbying Effort Just Sprung Up in D.C. With John Boehner at Its Head

The National Cannabis Roundtable will be spearheaded by former House Speaker and Acreage Holdings board member John Boehner.

Ohio Medical Marijuana in High Demand With Half-Million Dollars in Sales

Through Feb. 3, 68.2 pounds of cannabis plant matter had been sold at the five retail dispensaries that have opened their doors.

California's Bureau of Cannabis Control Announces Enforcement Action on Illegal Cannabis Businesses

Enforcement action was taken on two unlicensed cannabis businesses operating in Sacramento County and Los Angeles.

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