Category: Breaking News

A must read interview by GMR before Bierman’s Reddit public Q&A Session tommorrow. Bierman says things like, “our relationship at this point with our lenders is solid.”

THSuite a company that offers business process management software services to cannabis dispensary owners and operators in the US has been breached exposing private information of customers & dispensary staff members. It took THSuite 20 days to act on the information supplied to them by VPNMentor.

Cannabis Catalysts write by way of an introduction. “After taking the first steps towards the liberalization of hemp cultivation over the course of the last few years, at the end of 2018 Thailand’s government decided to legalize medical cannabis as the first Southeast Asian country. Thereby Thailand is on track to become one of the relevant players in the upcoming Asian cannabis and hemp markets, if not worldwide. This is not least due to its exceptional cultivation conditions and central position within the Southeast Asian trading zone. This paper shall give a condensed overview over the status quo in Thailand and the potential emerging from the ongoing developments.”

Businesses will be barred from marketing cannabis edibles under New Zealand’s medical program, which kicks off in April, the government confirmed to Marijuana Business Daily, eliminating for now the opportunity for companies to capitalize on what could be a sizable market. Says the MJ Biz piece

Joining the CBD Advisory Board are: Mick Cornett, former Oklahoma City mayor; Edward Davis, former commissioner, Boston Police Department; Tom Galvin, executive director, Digital Citizens Alliance; Karen Tandy, former administrator, U.S. Drug Enforcement Administration; and Michael Taylor, former deputy commissioner, U.S. Food and Drug Administration.

Here’s what they are saying, “Prohibition Partners is delighted to present Disrupting Beauty, the first edition of a new set of consumer-goods reports entitled ‘The Impact Series’. The report provides an overview and analysis of the latest data, industry insights, and commercial opportunities that are central to the developing cannabis beauty sector. “

“I’m Adam Bierman, CEO of MedMen and will be available to answer your questions this Friday, 01/24/20 at 10:00 AM PST.” Or so he says. Here at CLR we will have a go with the most obvious one. How much have you paid yourself over the last 10 years and where have you squirreled the money away ?

“Legalize adult use cannabis,” Cuomo said during his budget speech. “I believe it is best done in the budget. I said that last year. I believe the budget is the opportunity, frankly, to make some tough decisions and work through tough issues that without the budget can often languish, and I suggest that we get it done in the budget.”

Last week the Scottish actor said cannabis is ‘absolutely great’ and the drug makes the turbulent world of politics easier to bear. I think we can all agree with that. Unfortunately the actor with a CBE (Commander of The British Empire) Incurred the wrath of Joyce McIntosh, chairwoman of the Mid-Lin Daycare Centre, in Dundee.

They say, “CannaTech’s Cannabis House at World Economic Forum in Switzerland to host discussions on topics such as how cannabis can drive environmental security.” We say you’d better get a move on now you’ve decided to sail this boat.

Theo Usherwood the political at LBC radio has tweeted the justice secretary’s comments on drug use and the law on the Nick Ferrari show. The inference is that the UK won’t be rushing towards any form of blanket medical or adult use reform/legislation any time in the near future.

Good to see a simple and direct to the point advertisng campaign on the issue from the South Australian police force. Sourced from facebook it’s good to see no confusion in the message and with a specific stated time period

It looks llike the legislation will be covering a lot of ground and it’s interesting to note that it is highlighted that, “It is established that the communities affected by drug trafficking and crime will have priority in the delivery of licenses, considering that the “empowerment of groups of farmers, farmers and communities in activities related to planting, planting, cultivation will be a guiding focus and harvesting of cannabis and its derivatives”

We’ve lost count already in 2020 of how many cannabis CFO’s have exited stage left. Today Australis Capital, the investment group that spun off from Canada’s Aurora Cannabis, announced the departure of Chief Financial Officer Michael Carlotti.

MJ Biz reports, “New Zealand plans to reverse a law banning cannabis vaporizers before new regulations kick in for the launch of the country’s medical cannabis program in April,”

Grizzle sum it up in one succinct sentence… “They spent like drunken sailors in pursuit of market dominance but severely miscalculated.”

Two pieces of corporate “psychedelic” news filtered through the grapevine today. We notice via Linked In this morning that one Mr Linton is moving into the space (we’ll hold back on any psychedelic puns at this juncture about space and time) and we also learn that a California company has trademarked the word Psilocybin in order to sell chocolate.

Publico Spain, “The cannabis movement, made up of some 1,700 entities throughout the state, believes that with the formation of the coalition government between PSOE and Podemos, the time has come to definitely address the regularization of cannabis in Spain. At the moment, the main organizations of the sector are working to reach a joint proposal that they would present in May to the parliamentary groups of the Congress in order to promote the legislative changes that have already been carried out in countries such as Canada, the United States or Uruguay to decriminalize marijuana.”

It’s actually a double whammy as we came across this withering denoucement of the stock on NASDAQ.com. “Note that for the fourth quarter of its fiscal year 2019, HEXO recorded net revenue of CA$15 million ($12 million) — lower than the consensus analyst estimates — and the company recorded a total net loss of CA$44.7 million ($34.2 million)”

Forward thinking annoucement by Premier Andrew Fahie of the BVI who might have just discovered a way to keep the pump and dump US & Canadian cannabis companies out of their hair. Next we suggest that any North American company who wants to come in and test and process product  must be limited to only 12 month licenses, fund their own infrastructure and pay licensing fees and fund educational programs for local growers.