Category: Breaking News

The South Korean Legislature approved a law for medical marijuana in November, though products will be limited and approval granted on a case-by-case basis. Under Ministry of Food and Drug Safety (MFDS) regulations, only certain cannabis products licensed and marketed in specific countries will be permitted. That list currently includes Sativex, Epidiolex, Marinol and Cesamet, which have been permitted in the United States, the United Kingdom, Germany, France and Australia.

New Gov. Mike Dunleavy has appointed Vivian Stiver, a marijuana critic, has upset industry members who have cast her as a prohibitionist. Stiver would replace Brandon Emmett, who is one of two industry representatives on the five-member board.

There’s not that much actually happening in the Australian regulated cannabis but at least the Australian Broadcasting Corporation are trying to get to the bottom of it.

Cannabis producer Tilray Inc. has signed a deal to acquire Hemp Hearts-maker Manitoba Harvest for up to $419 million in cash and stock as the two companies look to launch CBD-infused products where permissible in the U.S.

Nothing is getting past AOC and quite right too. We’re big fans of her direct questioning.

Gov. Phil Murphy and Senate President Steve Sweeney have reportedly reach an agreement that will pave the way toward marjuana legalization in New Jersey, possibly by the end of the month. Says Patch.com

Gov. Tony Evers will propose decriminalizing marijuana in his plan for the next state budget, as part of an overhaul of marijuana laws that would legalize it for medical conditions including cancer, post-traumatic stress disorder and chronic pain. Reports the WI State Jnl

You wouldn’t expect anything less from Singapore’s Law & Home Affairs Minister K Shanmugam and if we are all honest with ourselves there’s a element of truth in what he says. He believes pharmaceutical companies are hiding their intentions behind a smokescreen when it comes to cannabis. He describes the trend of accepting cannabis medical use is driven by the “power of money and propaganda”.

“It appears that certain of the non-independent directors of the Company had conflicting interests in the Acquisition that were not fully disclosed to the Board.” Vic Neufeld and Cole Cacciavillani have completed a transition plan and effective March 1, 2019 will be retiring from the Company (including in their capacity as directors).

Marijuana Business Daily has appointed Howard Burns, a longtime top editor in business-to-business journalism, as its editor in chief. We wish him the best of luck in his new position

A marijuana activist who met with a staffer for Rep. Andy Harris (R–Md.) in the congressman’s office last year and streamed the meeting to Facebook Live has been charged with making an “illegal wiretap,” according to the Maryland State Prosecutor’s office.

“California Investors and MedMen Drama Take Stage at Latest NY Legalization Hearing” Report Cannabis Wire.

If you are from the US and reading this think of the ACT just as you would DC…….This story refers to the small  “territory” legislature which in the end in is beholden to the federal powers so even if this piece of legislation  gets through after being neutered, see below, the big boys and girls (although because it is Australia we are somewhat light on female representatives at national level politics) could, if they so desire, put a halt to the whole shebang.

Money will be used to expand the company’s services and features, as well as to take a leap outside the cannabis industry. Says the press release. Interesting ? Will they be competing with Lexis Nexis et al soon ?

Are they woes or not ? Revenues have quadrupled but margins are down.

Who are they and what will they do? Mj Biz Daily reports…the industry-funded group will lobby for marijuana reform in banking, taxes and research, a move that will put a political heavyweight behind the MJ industry’s efforts to overhaul federal cannabis policy.

Then again he’s always gone for the Withnail & I look ! It is, we suppose, a suggestion that will inject huge amounts of cash into the hemp industry and make lots of Republicans extremely wealthy off the back of the American taxpayer. Maybe, instead, they should build the wall out of Oregon’s surplus cannabis and then we can all ask.. what are they smoking ?

One of his new bills, if enacted, would allow state regulators to approve the reclassification of psilocybin, MDMA and ibogaine to be used in treatment. The other would simply remove the active ingredients in so-called “magic mushrooms” from the state’s list of banned substances.

Although he did add the following caveat ….“We’ll work very hard to get it done,” Cuomo said on WCNY radio. “In this business, six weeks is a lot of time. If we can’t do it right, then we’ll do it later.”