News 

The CEO of the first marijuana company to IPO in the US reveals why this was the right time to go public

“Two other marijuana companies, Cronos Group and Canopy Growth trade on US public exchanges, though both were already public in Canada” writes Jeremy Berke for businessinsider.com. The marijuana industry has suffered from capital constraints as these big-money organizations have generally sat on the sidelines.Kennedy is also the CEO of Privateer Holdings, a Seattle-based holding company that invests in marijuana brands.”Nasdaq is where global disruptors list, and we consider Tilray to be a pioneering company,” Kennedy said.Tilray, a Canadian-based company, became the first marijuana producer on Thursday to conduct an initial…

Read More
Markets News 

Lebanon will legalize growing marijuana after McKinsey evaluated it as a boost for the country’s troubled economy

“That may soon change if Lebanon’s fractious parliament can push a legalization bill through, and open the country’s cannabis fields to international export markets” writes Jeremy Berke for businessinsider.com. In the report delivered to the country’s government, McKinsey evaluated the economic impact of shifting Lebanon’s illicit market to a regulated market for medicinal use. Source: businessinsider.com Share This:

Read More
News 

Marijuana company Tilray completes IPO above expected price

“Shares will begin trading on the Nasdaq Thursday under the ticker symbol TLRY. Canadian marijuana company Tilray, a subsidiary of Seattle-based Privateer Holdings, completed its initial public offering Wednesday of 9 million shares at a price of $17 apiece” writes Derek Hall for seattletimes.com. The company filed for its IPO in June, one day after Canada became the first G7 nation to legalize the recreational use of marijuana nationwide. Source: seattletimes.com Share This:

Read More
News 

Why Canadian insurers are wary of covering medical marijuana

“As of May, AOK had approved 9,700 patients for medical marijuana, about two-thirds of its applications since Germany legalized medical marijuana last March” writes Midwest Communications Inc for 95kqds.com. Grocery chain Loblaw last year became the first major Canadian company to ask its insurers to cover medical marijuana.TORONTO (Reuters) – Sun Life Financial, Canada’s No. 2 insurer, recently started covering medical marijuana in its Canadian health insurance plan – more than 17 years after the country first legalized it.”It’s not medical marijuana for any purpose,” said Dave Jones, senior vice-president…

Read More
News Stocks 

Zynerba stock rebounds after selloff driven by failed cannabis-based skin patch trial

“Shares of Zynerba Pharmaceuticals Inc. rose 7% in Friday trade, recouping some of their prior-session losses that came after the company said an early-stage trial of a cannabinoid skin patch failed to meet its main goals” writes Ciara Linnane for marketwatch.com. The company said it has $52.1 million in cash and cash equivalents. Source: marketwatch.com Share This:

Read More
News 

The highs and lows of becoming a cannabis company in Ohio

“Apeks Supercritical isn’t the only Ohio manufacturer that landed in the cannabis industry by happenstance” writes Marcia Pledger for cleveland.com. But none of those markets grew as fast as their two newest publications aimed at the cannabis industry.”Some of the challenges found throughout the cannabis industry – but still affect us even though we aren’t directly plant touching – are things like banking.Fluence Bioengineering is an Austin, Texas-based horticulture lighting solutions company serving customers in the cannabis industry. Source: cleveland.com Share This:

Read More
News Oil 

The FDA Just Approved a Marijuana-Based Pharmaceutical for the First Time

“The Food and Drug Administration (FDA) made history on Monday: For the first time, it approved the use of a marijuana-derived drug” writes Anisa Arsenault for popularmechanics.com. But the number of people who swear by it aside, CBD oil is classified as a Schedule I drug by the Drug Enforcement Administration (DEA), which means it has no medicinal value.The drug, Epidiolex, treats two rare and severe forms of epilepsy in patients ages 2 and older using a purified form of cannabidiol oil (CBD oil), a derivative of cannabis that doesn’t…

Read More
News 

Elizabeth Warren’s faulty claim about marijuana convictions

“Her spokesman told us she meant to speak about marijuana arrests, not incarcerations” reports washingtonpost.com. Nearly 600,000 people a year are arrested for marijuana possession, according to estimates from Justice Department data.It says “police made more arrests for simple marijuana possession than for all violent crimes combined.” We will withhold Pinocchios in this case and hope no one else repeats this mistake. Source: washingtonpost.com Share This:

Read More