Cannabis News Box

Clint Eastwood is suing CBD companies over false endorsements

Clint Eastwood is suing CBD companies over false endorsements

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 31, 2020

The 90-year-old Hollywood actor that is Clint Eastwood has initiated a lawsuit against CBD companies that claimed he had tried their products. CBD – or 'cannabidiol' in its unabbreviated form – is a non-psychoactive cannabinoid of the cannabis plant that has dominated the mainstream for its annual ...

Retail cannabis sales in the U.S. are beating mainstream markets

https://www.marijuana.com/news/2017/12/whoa-cannabis-business-owner-actually-gets-his-seized-assets-back/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 30, 2020

Some of the most frequently purchased products in the United States include toothpaste, hard seltzer and sleep aids.  However, cannabis – a new product that has gone mainstream over the last couple of years – seems to be raking in more revenue for the United States' economy than the aforementioned...

High Times delays cannabis stock offering, awaiting filing of audited financials

https://cannabislifenetwork.com/high-times-to-acquire-dope-magazine/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 30, 2020

One of the cannabis industry's most acknowledged and trusted brands, Hightimes Holding Corp., has confirmed that it must wait until the company's 2019 audited financials are filed until it can close on its small-investor Regulation A initial public offering (IPO). The company, which is renowned for its month...

Northwest Territories in Canada are slashing prices to overshadow illicit market

Northwest Territories in Canada are slashing prices to overshadow illicit market

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 30, 2020

Cannabis consumers in Canada’s Northwest Territories are being treated to reduced prices on pot products. The NWT's finance minister Caroline Wawzonek recently announced a plan that will cut the cost of legal cannabis products by 10 percent. This, she says, will put the brakes on illegal sales. W...

Coronavirus stimulus money awarded to lucky few cannabis-related firms

https://mjbizdaily.com/marijuana-companies-mostly-shut-out-of-2-trillion-coronavirus-stimulus-package/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 29, 2020

As of June 5, 2020, the Internal Revenue Service (IRS) had distributed 159 million coronavirus stimulus payments among residents of the United States. The $2 trillion federally-funded stimulus package enabled qualifying Americans to receive a one-time payment of up to $1,200; mainly by direct deposi...

Illinois’ adult-use cannabis industry is successful, but strained by lack of supply

https://www.ecosia.org/images?q=illinois+cannabis#id=BAF0AFDC3A7F093302B4CD311E7C8060B161D46F

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 29, 2020

During the first six months of legal recreational cannabis sales in Illinois, the state managed to harvest $52 million in revenue. While it's clear that the market has thrived since the Cannabis Regulation and Tax Act was enacted in January, supply concerns are lingering for both the medical and adult-use markets. Something t...

MedMen affiliate Captor Capital slammed with fraud lawsuit by California cannabis executive

MedMen affiliate Captor Capital slammed with fraud lawsuit by California cannabis executive

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 20, 2020

A Southern California-based cannabis entrepreneur named Matt Longo has initiated a lawsuit against Captor Capital. Longo's suit claims that the Toronto-based medical and recreational cannabis retailer has committed fraud. The dispensary owner, who says that Captor breached its contract with him, argues that...

FDA says that CBD quantity on product packaging is misleading

FDA says that CBD quantity on product packaging is misleading

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 20, 2020

The U.S. Food and Drug Administration, which is authorized by Congress to safeguard public health through the inspection/testing, approval and safety standard-setting of chemicals, cosmetics, drugs, foods, food additives, drugs and medical devices, has dropped a bomb on cannabis consumers — testing on products c...

Cannabis recommendations from Biden-Sanders aim to reschedule cannabis federally

Cannabis recommendations from Biden-Sanders aim to reschedule cannabis federally

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 20, 2020

Nationwide medical cannabis legalization and state's choice recreational cannabis laws could be enacted across the U.S., if a joint Joe Biden-Bernie Sanders task force gains approval from Democratic lawmakers. The task force that was developed as a collaboration between electoral candidate Biden and...

U.S. cannabis retail sales on-track to inflate 40 percent in 2020

https://images.google.co.uk/imgres?imgurl=https%3A%2F%2Fwww.massroots.com%2Fwp-content%2Fuploads%2F2017%2F03%2Fbigstock-the-cannabis-leaf-and-money-99830609DUPE.jpg&imgrefurl=https%3A%2F%2Fwww.massroots.com%2Fnews%2Fcongress-could-vote-on-marijuana-banking-this-week%2F&docid=e0zX1YSu4VrIbM&tbnid=973_IoGOw9ZLxM%3A&vet=1&w=1920&h=700&source=sh%2Fx%2Fim

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 15, 2020

Fresh forecasts for retail sales of medical and recreational cannabis in the United States suggest that the combined markets could surpass $15 billion by the end of this year.  The foresight into U.S. cannabis sales revenue is based on analyst predictions that were recently published in the 2020 ...

Cannabis tourism receives a positive response from surveyed travelers

Cannabis tourism receives a positive response from surveyed travelers

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 14, 2020

The cannabis tourism industry may have been put on the back burner since the coronavirus pandemic kicked off at the start of 2020, but a recent survey suggests that there is plenty of room for growth. Conducted by the leading source for travel and tourism-related statistics, MMGY Travel Intelligence, the r...

News