In Colorado, a major dispensary and grow chain is busted by authorities for allowing millions of tons of marijuana into the black market. How they did it and the sentencing charges they face coming up this week.
Football legend Joe Montana participates in seventy five million dollar funding round for California firm Caliva. It’s not his first foray into the industry, and with other former NFL greats becoming advocates, how professional athlete endorsements could impact the cannabis business.
In International news, the MMJ authorization process in Brazil can’t keep up with growing demand in the country. We look at what action, or lack thereof, authorities are taking to combat the impending issues.
The World Health Organization considers cannabis classification for the first time in nearly fifty years. They make great strides in recommending how cannabis should be scheduled, but it it enough? Not all industry experts are as optimistic.
Back in the U.S., one Northern California credit union provides banking services to licensed cannabis businesses, despite worries of investigation by the federal government.
Surterra Wellness enters the Massachusetts cannabis market by acquiring local company NETA. And why the way they’re going about it could be a smart move into the state’s new industry.
In financial news, Canadian heavyweight Tilray and New-York firm Authentic Brands Group enter a revenue-sharing deal for cannabis products. Tilray will become the preferred supplier of cannabinoid ingredients in ABG products.
And finally, Hexo teams up with Molson coors to produce CBD-infused beverages, and closes fifty seven and a half million Canadian dollar share offering.
Make sure you tune in this week for new stories like this and more, with Cannabis Newsroom, your most reliable source for anything and everything cannabis.
The Cannabis Newsroom is a weekday early morning news program aimed to focus on current cannabis events across the nation and internationally.
Directed by: Micah Tatum @arbitrageent
News Anchor: Jacqui Verdura
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