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CFN’s Daily Brief: Top Cannabis News of the Day

Wildflower Reports 78% Sales Growth in Third Quarter The Alkaline Water Company to Present at the 9th Annual LD Micro Invitational FSD Pharma Names Raza Bokhari, M.D. as Permanent CEO FluroTech Provides a Technology Update and Bolsters the Sales Team Zenabis Announces Receipt of Industrial Hemp Production License and Other Licensing Updates Gabriella’s Kitchen Announces […]

Illinois Becomes the First State to Legalize Cannabis Via Legislature

Illinois may be the eleventh state to legalize adult-use cannabis, but it’s the first to approve sales through the state legislature rather than a ballot measure. Beginning on January 1, 2020, adults 21 and older will be able to purchase cannabis products in licensed stores and possess up to 30 grams of raw cannabis, 500 […]

The Next Big Cannabis Winners Look to Own the Supply Chain

    Many investors fail to appreciate the importance of supply chains. For example, Amazon.com may be best known as a leading ecommerce retailer, but it should be known as a supply chain innovator. Many shoppers prefer the website for its free two-day deliveries, made possible by its team of 100,000+ robots, air cargo hubs, […]

How Celebrities & Politicians Help Build Cannabis Brands

There’s no doubt that celebrities can have a significant influence on a brand, particularly when it comes to Gen Z and Millennial demographics. At the same time, politicians can lend an air of credibility and provide valuable insights into the regulatory future of a market. These attributes have made them invaluable to cannabis companies that […]

CFN’s Daily Brief: Top Cannabis News of the Day

Indiva reports results for the first quarter of 2019 FSD Pharma Congratulates High Tide on the Resumption of Retail Cannabis Licensing by AGLC in Alberta The CBD Cosmeceutical Boom Next Green Wave Completes $3 Million Convertible Note Offering  

The CBD Cosmeceutical Boom

As a new industry, the next few months will be pivotal for the development of the cannabis market. With laws changing every month in jurisdictions around the globe, the room for growth is huge as the industry continues to mature. A recent study by Statista showed that in 2018, the global sales of hemp amounted […]

Supreme Cannabis Welcomes New CBD Legislation in South Africa

TORONTO, May 30, 2019 /PRNewswire/ – The Supreme Cannabis Company, Inc. (“Supreme Cannabis”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) comments on the recent changes to South Africa’s Medicines and Related Substances Act. This past week, South Africa’s Department of Health removed Cannabidiol (“CBD”) from the country’s Schedule 7 list of highly controlled drugs, allowing for legal sale of CBD products made in accordance […]

Why Invest in California Distributors?

California’s cannabis industry is projected to become one of the largest markets in the world following the legalization of recreational cannabis last year. With the passage of the Medicinal and Adult Use Cannabis Regulations and Safety Act, or MAUCRSA, there are a lot of legal nuances that investors should pay attention to when looking at […]

Republicans Could Rally Behind Marijuana Banking Bill

Sen. Mike Crapo (R-ID), Chair of the Senate Banking Committee, could schedule legislation designed to increase access to the banking sector for a hearing if it passes the House of Representatives. Sens. Kevin Cramer (R-ND) and Rand Paul (R-KY) told Marijuana Moment that they discussed the legislation with Crapo and are hopeful that he will […]

CFN’s Daily Brief: Top Cannabis News of the Day

THE GREEN ORGANIC DUTCHMAN ANNOUNCES DISTRIBUTION OF SPINCO UNIT WARRANTS TO ELECTING SHAREHOLDERS Relevium Acquires Exclusive Licence From California Based Cannakids® Yield Growth Announces Licensing Agreement for $1 Million Consideration for U.S. Rights to 56 White Label Formulations for CBD and THC Infused Products OTC Markets Group Welcomes Cardiol Therapeutics Inc. to OTCQX Nabis Holdings […]

Willow Biosciences: The Science of Industrial Scale Pharmaceutical Cannabinoid Production

  With the very recent loosening of restrictions on cannabis research across the world, the pharmaceutical industry is playing catchup following decades prohibition. More than 100 cannabinoids, the active ingredients in the cannabis plant, have been identified. Many of these show promise as potential treatments for a wide variety of disease indications but require much […]

These Bees Make Honey with Cannabis Resin

French beekeeper Nicolas Trainerbees (a nickname) is passionate about nature and has self-medicated with cannabis since a very early age. After training bees to collect sugar from fruits rather than flowers, he turned his attention toward the cannabis plant to merge his passions. In 2006, he began training bees to collect the resin from cannabis […]

CFN’s Daily Brief: Top Cannabis News of the Day

Biome Grow Inc. Reports First Quarter Fiscal 2019 Financial Results Halo Labs Announces Strategic Partnership with High Tide for Exclusive Distribution of DabTabsTM Home Preparation Kits PLUS™ Brings Back Best Selling Flavor – Rainbow Sorbet – for Pride 2019 Chemesis International Inc. Receives Three Additional Cultivation Licenses & Begins Process to Increase Land Package by […]

Halo Labs: Building a Cannabis Concentrates Empire

Cannabis concentrates are projected to reach $8 billion by 2022, according to BDS Analytics and Arcview Market Research, making it the fastest growing of the three major segments of the legal cannabis market (flower, concentrates, and edibles). In particular, vaporizers sales soared from less than $100 million in 2014 to more than half of total […]

Willow Biosciences and Tuatara Capital Announce Exercise of Warrants

CALGARY, May 27, 2019 /CNW/ – Willow Biosciences Inc. (“Willow” or the “Company“) (CSE: WLLW) and Tuatara Capital Fund II, L.P. (“Tuatara“) are pleased to announce that Tuatara has acquired 9,219,390 common shares (“Common Shares“) of the Company pursuant to the exercise of Common Share purchase warrants (“Warrants“) for proceeds to the Company of $8,066,966.67 (the “Warrant Exercise“). Trevor Peters, President […]

Wildflower Expands Offering, US and European Footprints

Vancouver-based Wildflower Brands Inc. (CSE: SUN, OTC: WLDFF), which develops and designs brands focused on plant-based health and wellness products, made several recent strategic moves demonstrating its commitment to becoming a global leader in the space. New Products The company’s core brand started in 2012 with a mission to inspire holistic health & wellness through […]

FDA to Provide Much-Needed Guidance on CBD this Week

The U.S. Food and Drug Administration (FDA) will hold its first public hearing on how it will regulate cannabidiol (CBD) products this week. On May 31, the agency could provide much-needed guidance into the legal status of the cannabinoid and potentially introduce limits on how much of the substance can be included in foods and […]

CFN’s Daily Brief: Top Cannabis News of the Day

Wildflower Brands and City Cannabis Sign Definitive Agreement Forming Multi-Country Multi-State-Operator PLUS Announces Expansion into the Nevada Market YIELD GROWTH Announces it will Launch 5 New Hemp Derived Cannabidiol Products with Certified Organic CBD in California for Nationwide Sales International Cannabis to Acquire Colombian Pharmacy Operation From AgraFlora Edward Brennan, Jr., M.D., FACS to Lead […]

Isracann Raises C$10.1 Million in Bid to Supply European Market with Israeli Cannabis

The global cannabis industry is projected to be worth nearly $150 billion by 2025, according to Grand View Research, driven by the liberalization of cannabis laws around the world. Many investors have been focused on North America given Canada’s move to legalize recreational use and the growing number of states doing the same. However, Europe’s […]

Square Launches Beta Program for CBD Retailers

Cannabidiol, or CBD, has become increasingly ubiquitous in health food stores and online shops since the 2018 Farm Bill removed hemp from the Controlled Substances list. But, one of the most popular payment processors used by smaller merchants was unwilling to support CBD products — until now. Square recently launched a pilot program to accept […]

CFN’s Daily Brief: Top Cannabis News of the Day

Note: Stories added throughout the day. Zenabis Announces Graduation to the Toronto Stock Exchange

Legalization Momentum Falls Short in Critical States

Cannabis legalization received widespread support during the last election cycle, but in many states, efforts have been delayed or canceled for this legislative session. States like New York, New Jersey, and Illinois have Democratic legislatures and widespread public support for legalization, but the proposals encountered a lot of pushback and time is running out to […]

CFN’s Daily Brief: Top Cannabis News of the Day

Village Farms International Begins Conversion of Half of 1.3 Million Square Foot Permian Basin GATES® Facility for Hemp Cultivation and Extraction Following Passage of Texas Hemp Law Indiva Ships its White Russian Pre-rolls to the Ontario Cannabis Store Yield Growth Announces Platinum Partnership for the June 2019 Lift & Co. Cannabis Conference President and Co-Founder […]

Supreme Cannabis Revenue Soars 382% to $10M Amid Ongoing Expansion

The Supreme Cannabis Co. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) reported fiscal third quarter revenue that soared 382% year-over-year and 29% sequentially to $10 million. The gains were largely due to a 63% increase in recreational cannabis sales. “Revenue growth was driven by an increase in our capacity at the 7ACRES facility, a ramping up […]

Sublime Canna: Building the Next Big Cannabis Brands

California’s cannabis industry is expected to reach $5.1 billion in 2019, according to Arcview and BDS Analytics, driven by the legalization of adult-use cannabis last year. With nearly 40 million residents and more than a million medical marijuana patients, the state’s market represents about a third of the North American cannabis industry. Cannabis edibles and […]

Study: CBD Could Capture Nearly Half of the $45 Billion Cannabis Industry by 2024

Cannabidiol, or CBD, the non-psychoactive component of the cannabis plant, could generate upwards of $20 billion in annual sales by 2024, according to a new report by BDS Analytics and Arcview Market Research, capturing nearly half of a wider market that’s expected to reach $45 billion. “We’re witnessing CBD maturing from a cannabis sub-category into […]

CFN’s Daily Brief: Top Cannabis News of the Day

Wildflower Brands Signs Distribution Agreement for South Africa International Cannabis to Purchase up to 100,000,000 Grams of Premium Dried Cannabis Flower From AgraFlora

Is Sustainable Cannabis Farming Possible?

Farming, in general, is pretty resource intensive. Cannabis farming can be even more so. One study from 2012 estimated that indoor cannabis cultivation accounted for 1% of the total electricity used in the United States, representing about $6 billion in annual expenditures. That study was done before the wave of legalization hit the US. In […]

Cannabis Startups Could Draw Over $2 Billion in Venture Capital in 2019

Venture capitalists have already invested more than $1.2 billion into U.S. cannabis startups in 2019, according to PitchBook data, which already surpasses the $836 million invested in 2018. At this rate, Tech Crunch’s Kate Clark believes that investment could hit $2.5 billion this year. There are many different catalysts behind these trends. The most obvious […]

CFN’s Daily Brief: Top Cannabis News of the Day

Can CBD Help to Treat Glioblastoma Multiforme? Fire & Flower Selected for Manitoba Cannabis Store License and Intends to Launch e-Commerce Sales Trulieve to Acquire Connecticut-based Dispensary The Healing Corner The Flowr Corporation Announces Results for the First Quarter 2019 Relevium Announces Private Share Purchase by CEO Westleaf Selected for Manitoba Cannabis Store Licence MediPharm […]