Industry Headlines: Page 357

Legal Marijuana Industry Had Banner Year in 2018

The global market exploded and cannabis pushed its way further into the financial and cultural mainstream.

FDA Says CBD Products Remain Illegal Post-Farm Bill, Arkansas Releases Medical Marijuana Dispensary Scores: Week in Review

FDA Commissioner Scott Gottlieb restated that CBD is a drug ingredient and therefore illegal to add to food or health products without approval from his agency.

One Year of Legal Cannabis Sales, and California Doesn’t Have the Bustling Industry It Expected. Here’s Why

Retailers and growers say they’ve been stunted by complex regulations and high taxes.

Florida Fights Ruling on Medical Marijuana Law

Florida Department of Health attorneys have asked an appeals court to overturn a circuit judge’s ruling that they say “injected confusion and uncertainty” into the licensing of marijuana firms.

U.S. Tax Court Declines to Issue Penalties in Harborside 280E Case

The U.S. Tax Court has ruled that the California dispensary is not liable for accuracy-related 280E penalties.

Metrospaces Signs Binding JV to Acquire Profitable Revenue Producing Licensed Cannabis Facility in California

Metrospaces established a JV LOI agreement with LBCC Group to acquire, operate and grow an Adelanto, Calif., facility.

Cannabis Acquisitions Highlight Coming Exponential Sector Growth

Metrospaces president discusses Altria and Cronos, Tilray and Anheuser-Busch deals.

Ohio Medical Marijuana: First Testing Lab Approved in Streetsboro, But Sales Still Weeks Away

Streetsboro's North Coast Testing Laboratories LLC has received a certificate of operations.

Arkansas Releases Rankings of Medical Marijuana Dispensary Applicants

The state has released the scores that determine which companies will receive the 32 licenses to sell medical marijuana.

Tree of Knowledge International Corp. Announces Closing of Offer to Acquire Asterion Bio Med Inc.

Through an agreement with Jack Nathan Medical Inc., Asterion has access to one of the largest healthcare systems across Canada for its education and research platform.

Pennsylvania Gov. Tom Wolf: Time to Take a Serious Look at Recreational Marijuana

Wolf made the comment Wednesday while answering questions from the public on Twitter.

Level Brands Closes Acquisition of cbdMD

The company has closed its acquisition of Cure Based Development, LLC, the owner of the nationally recognized consumer products brand cbdMD, in an all-stock transaction.

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