The Impact of Coronavirus on Cannabis
The Impact of Coronavirus on Cannabis

The coronavirus is wreaking havoc on virtually every aspect of American life as federal and state officials work to limit the spread of the COVID-19 disease. So how has the cannabis industry been affected by the unprecedented measures being taken to combat the coronavirus across the globe?

Congressional Committee Advances Cannabis Bills for Veterans
Congressional Committee Advances Cannabis Bills for Veterans

The House Veterans’ and Affairs Committee approved a pair of bills Thursday that would increase access to medical marijuana for military veterans and expand research of medical-grade cannabis.

Several Cannabis Industry Events Halted Due to Coronavirus Concerns
Several Cannabis Industry Events Halted Due to Coronavirus Concerns

A growing number of high-profile cannabis industry events have been put on hold due to concerns over the spread of a novel coronavirus disease, COVID-19, which earlier today was classified as a global pandemic by the World Health Organization (WHO).

Sen. Mike Crapo Again Asked to Advance SAFE Banking Act
Sen. Mike Crapo Again Asked to Advance SAFE Banking Act

Sen. Mike Crapo (R-ID) is once again being urged to markup the Secure and Fair Enforcement (SAFE) Banking Act, this time by a coalition of banking associations from 49 states and Puerto Rico.

Canopy Growth to Shutter 2 Indoor Growing Facilities, Cut 500 Jobs
Canopy Growth to Shutter 2 Indoor Growing Facilities, Cut 500 Jobs

Yet another prominent publicly-traded cannabis firm is taking drastic measures to reduce costs and achieve profitability. After the market closed Wednesday, Canada’s Canopy Growth Corporation (TSX:WEED, NYSE: CGC), the world's largest cannabis company by market cap, announced plans to shutter two cultivation facilities and cut 500 jobs.

Cresco Labs Co-Founder Joe Caltabiano Resigns
Cresco Labs Co-Founder Joe Caltabiano Resigns

Cresco Labs co-founder Joe Caltabiano has resigned as president, the Chicago-based multi-state operator confirmed Tuesday. In a press release, Cresco Labs said co-founder and CEO Charlie Bachtell, along with other members of the company’s leadership team, would assume Caltabiano’s management responsibilities.

CBD is Booming, But Industry Players Face Legal and Efficacy Challenges
CBD is Booming, But Industry Players Face Legal and Efficacy Challenges

Attempting to restrict Americans from using CBD is a “fool’s game,” according to FDA commissioner Stephen Hahn. Hundreds of companies aiming to capture a slice of a still-emerging category -- one that is defined by a murky regulatory framework and an immature body of scientific evidence -- have cropped up, infusing everything from beverages to bath bombs with CBD.

Vermont House Passes Bill to Legalize Commercial Cannabis Sales
Vermont House Passes Bill to Legalize Commercial Cannabis Sales

Vermont is poised to become the 11th U.S. state with a fully-legal commercial cannabis market. Earlier today, the Vermont House of Representatives gave its final approval to S. 54, a bill that would legalize, regulate, and tax adult-use cannabis sales for individuals 21 years and older. The final go-ahead comes one day after one day after the House voted 90-54 in favor of the bill.

Eaze Raises $35 Million, Plans to Launch Own Brands
Eaze Raises $35 Million, Plans to Launch Own Brands

Eaze, a California-based online cannabis marketplace and delivery service, has raised $35 million as it pivots toward a plant-touching business model and works to boost profits.

Vermont House Committee Advances Bill to Regulate and Tax Cannabis Sales
Vermont House Committee Advances Bill to Regulate and Tax Cannabis Sales

On Monday, the Vermont House Appropriations Committee narrowly advanced a bill (S. 54) by a vote of 6-5 that would legalize, regulate and tax adult-use cannabis sales for individuals 21 years and older. A full House vote on S. 54 is expected later this week.

NCIA Public Policy Director Andrew Kline on Descheduling Cannabis, SAFE Banking and Interstate Commerce
NCIA Public Policy Director Andrew Kline on Descheduling Cannabis, SAFE Banking and Interstate Commerce

THCnet sat down with Andrew Kline, the National Cannabis Industry Association's director of public policy, during this week's Northeast Cannabis Business Conference to get his take on a myriad of issues -- including the chances of rescheduling cannabis, the timeline for legalization and how the NCIA approaches its lobbying efforts in Washington D.C.

The Cannabis Industry Wants SAFE Banking Act to Advance, But Concerns Remain
The Cannabis Industry Wants SAFE Banking Act to Advance, But Concerns Remain

Sen. Mike Crapo’s inbox is overflowing. Over the last month, the republican from Idaho -- who serves as the chairman of the Senate Banking Committee -- has received several letters concerning the Secure and Fair Enforcement (SAFE) Banking Act, which would protect financial institutions working with state-approved cannabis companies.

© 2020 THCNET®. All rights reserved.