Cannabis IPO Alert: Tilray Starts Trading in $144 Million IPO

Cannabis IPOs have a proven history of delivering big gains in a short amount of time.

That was most recently on display with The Green Organic Dutchman (TGOD).

This young and promising Canadian cannabis company began trading on the Toronto Stock Exchange on May 7.

Within four weeks shares were up more than 100%. Despite a pullback, shares are still up 50% from the IPO price. Continue reading “Cannabis IPO Alert: Tilray Starts Trading in $144 Million IPO”

Ontario’s Disability Support Program Will Not Cover Medical Marijuana

The Disability Support Program in Ontario, Canada is refusing to cover medical marijuana under the Ontario Drug Benefit Program. And the failure to provide coverage, according to the CBC, is forcing some patients to seek relief from chronic pain with powerful opiates instead. Injured workers covered by the Ontario Workplace Safety and Insurance Board have recently been denied reimbursement for medicinal cannabis costs, as well. Continue reading “Ontario’s Disability Support Program Will Not Cover Medical Marijuana”

What’s Holding Up Michigan’s Medical Marijuana Licenses?

As Michigan residents prepare to vote on adult-use cannabis legalization this November, the state’s 220,000 medical marijuana patients are still wondering when the state will start licensing their MMJ dispensaries.

There are 540 cannabis license applicants. Only 19 are currently being processed, and 8 of those have already been rejected.

Continue reading “What’s Holding Up Michigan’s Medical Marijuana Licenses?”

Promising Cannabis Biotech Jumps 23% on Great FDA News

June 26 was a groundbreaking day for the US cannabis industry.

That’s the day the FDA, the US agency responsible for approving new drug candidates, approved its first-ever cannabis drug.

The first-ever medical treatment derived from a marijuana plant will hit the U.S. market in a few months after regulators on Monday gave the epilepsy treatment the green light. Continue reading “Promising Cannabis Biotech Jumps 23% on Great FDA News”

Decision on medical cannabis in England within weeks

The government says it will reach a decision within the next few weeks on whether laws around medical cannabis will be changed.

The Advisory Council on the Misuse of Drugs is now assessing the “balance of harms and public health needs” in terms of rescheduling treatments.

It comes after high profile cases involving children with severe epilepsy being denied access to cannabis oil. Continue reading “Decision on medical cannabis in England within weeks”

California Dispensaries Must Destroy $350 Million Worth of Weed

Across California, compost bins are fuller and dispensary shelves are a little emptier than usual. If you knew the signs, you’d sense that something dramatic had just happened. And you’d be right.

On Sunday, the stringent new “seed to sale” tracking standards for California’s cannabis market went into effect. Overnight, thousands of pounds of cannabis products worth hundreds of millions of dollars suddenly became noncompliant. Now, dispensaries are in the process of destroying them, in an event the industry has dubbed the “Marijuanapocalypse of 2018.” Continue reading “California Dispensaries Must Destroy $350 Million Worth of Weed”

Canadian Life Insurance Companies Stop Categorizing Pot Users as ‘Smokers’

Life insurance companies in Canada are becoming more accepting of cannabis, and many firms have stopped categorizing pot users as smokers. Joan Weir, the director of health and disability policy for the Canadian Life and Health Insurance Association, told the CBC that many companies are no longer penalizing light users and “have moved to a model whereby as long as it was two or less per week then you would not be a smoker.” Continue reading “Canadian Life Insurance Companies Stop Categorizing Pot Users as ‘Smokers’”

MMJ Dispensary In Massachusetts Receives First License To Sell Recreational Cannabis

Massachusetts hit another milestone in its era of legalized marijuana: State regulators granted Cultivate a license to sell recreational marijuana at the company’s existing medical marijuana dispensary in Leicester.

The five-member Cannabis Control Commission unanimously voted to grant the retail license to Cultivate Holdings, Inc., which operates the first medical marijuana dispensary in Worcester County. Continue reading “MMJ Dispensary In Massachusetts Receives First License To Sell Recreational Cannabis”

Georgia Parents Regain Custody of Son After Treating His Epilepsy with Cannabis

A fifteen-year-old taken into custody by Georgia’s Division of Family and Children’s Services after his parents gave him marijuana to stop his severe seizures has been reunited with his family after more than a month of separation.

On Monday, the Twiggs County Juvenile Court issued a protective order outlining the conditions under which Matthew and Suzeanna Brill could regain custody of their son, David Ray. The Brills still face criminal charges for providing their son with cannabis. But following the conditions of the protective order could lead to the case’s dismissal. Continue reading “Georgia Parents Regain Custody of Son After Treating His Epilepsy with Cannabis”