BANKING & FINANCE
Title: Cannabis industry analytics firm New Frontier Data buys Hemp Business Journal
Author: The Cannabist
Date: 7 February 2018
Cannabis data clearinghouse New Frontier Data has made a move to bring hemp into its fold with the acquisition of Denver-based Hemp Business Journal, the firms are expected to announce Wednesday.
Financial terms of the transaction between the privately held companies were not immediately disclosed. The deal was finalized late last week, and Hemp Business Journal’s operations are being integrated into the Denver offices of the Washington, D.C.-based New Frontier Data, officials said.
The combination carries little operational overlap, executives of the companies told The Cannabist.
“For (New Frontier Data) wanting to be the global nexus of unbiased cannabis reporting, the hemp portion of it was still not really fleshed out in the U.S. and certainly a lot was happening internationally,” said Giadha Aguirre de Carcer, New Frontier Data’s founder and chief executive officer. “And so we knew, since (first meeting Hemp Business Journal founder Sean Murphy in) 2015, that we needed to insert ourselves and figure out a way to cover it in a meaningful manner.”
The Press Release
Title: Cannabis Businesses Invest In The Midwest As Michigan’s New Medical Marijuana Laws Take Effect
Date: 6 February 2018
If recreational marijuana were legalized in Michigan, the regulated market “will likely serve as a catalyst for other states in the Midwest to rethink existing laws and follow suit with full legalization,” Matt Karnes, founder and managing partner at GreenWave Advisors, told Benzinga.
Author: Ohio Medical Marijuana Control Program
Date: 7 February
Extract: The Medical Marijuana Advisory Committee will hold a meeting on February 8, 2018. Click here for a copy of the agenda.
Retailers May Accept Product Labeled on Manifests with New Leaf Global ID Numbers
WSLCB wants Retail licensees to know they can accept product from Producer/Processors when the Manifest has new Leaf Global ID numbers. The new Leaf Global ID numbers on manifests will link to Contingency ID numbers or Old Traceability ID numbers from the legacy system used prior to the Contingency Period.
Relabeling Your Physical Inventory Is Not Required