Startups

Several US States Clamps Marijuana legalization in Pipeline, Legislation Only Way Forward?

More than a half-dozen states remain in play to potentially legalize medical or recreational marijuana through their legislatures this year, with much of the activity focused along the East Coast. Hundreds of millions of dollars in business opportunities would be generated from the new programs, depending on which state legislatures vote to legalize medical or …

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Cannabis over Synthetic Cannabinoids, The Difference is Fatal

Expert in synthetic cannabinoids, Dr Caitlyn Norman, explains the crucial difference between these highly-potent compounds and cannabis. Synthetic cannabinoids are not the same as cannabis.  The former is up to 500 times more potent, is highly addictive and can cause extremely dangerous side effects or even death. However, the difference between the two substances is …

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RIV Backed by Scotts Capital Scores New York Marijuana Operator Etain for $247M

A Canadian investment firm bankrolled by a unit of lawn and garden giant Scotts Miracle-Gro agreed to purchase New York-based marijuana company Etain Health for $247 million. Toronto-based RIV Capital said it signed an agreement to buy the female- and family-owned vertically integrated medical marijuana operator for cash and stock. The transaction is believed to be the largest …

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Utah tech Startup ‘Canadian Tribe’ in Alliance for $100 Million Carbon Contest Presented by Elon Musk

A blockchain startup in Utah and an Indigenous-owned company in Alberta, Canada, are collaborating to use hemp to remove carbon from the atmosphere and compete for a $100 million prize from Tesla CEO Elon Musk. The proposal from The Hemp Blockchain Inc. and the FFES Environmental, a company owned by the Sucker Creek First Nation in Canada, …

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Stakeholders, Activists and Unions Pour In Millions to Lobby Congress on Marijuana Issues

As the U.S. cannabis industry keeps growing, marijuana businesses, trade associations and political nonprofits are spending more and more money lobbying Congress on MJ reform and legalization. At the same time, more mainstream companies and various groups are keeping tabs on cannabis activity on Capitol Hill. Amazon and Anheuser-Busch, labor unions such as the Teamsters as well …

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Cannabis Producer “Hexo” Proposes Significant Shareholder Return amid Tumbling Stock Prices

Ahead of its annual meeting, Canadian cannabis producer Hexo Corp. is trumpeting “a significant positive total cumulative return” for its shareholders between 2017 and last July – even though the stock tumbled more than 20% during that time and is at risk of being kicked off the Nasdaq. Quebec-based Hexo’s description of its stock performance is contained …

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Italian Cannabis Activist Group Push for Clarity for Puzzling Series of Decrees

Three stakeholder groups say they will appeal to Italy’s Regional Administrative Tribunal (TAR) to challenge a recently approved decree that classifies hemp among medicinal plants in contravention of European law. The groups say they intend to go to TAR in the Lazio region to seek suspension of one paragraph in the most recent inter-ministerial decree, and …

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NYSE Lists Nimbus Health: Dr. Reddy Expected to Acquire It

Dr. Reddy’s Laboratories Enters into Definitive Agreement to Acquire German Medical Cannabis Firm Nimbus Health GmbH FRANKFURT, Germany & HYDERABAD, India, February 03, 2022–(BUSINESS WIRE)–Dr. Reddy’s Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, NSEIFSC: DRREDDY, along with its subsidiaries together referred to as “Dr. Reddy’s”) today announced that it has entered into a definitive …

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Research, Hemp based Rebar an Alternative to Replace Steel in Construction

Researchers from Rensselaer Polytechnic Institute (USA) say they have developed a hemp‐based rebar reinforcing technology for cement construction. Alexandros Tsamis, assistant professor of architecture and associate director of the Center for Architecture Science and Ecology, and Dan Walczyk, professor of mechanical engineering and director of the Manufacturing Innovation Center, say the hemp-based natural fiber-reinforced thermoplastic rebar …

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Researchers, Hemp Leaders Warns Producers against Profiting From Early COVID Research

As research broke over the past two weeks that cannabis products including CBD, cannabinoid acids and even synthetic cannabis compounds may prevent or treat COVID-19 infections, excitement among hemp entrepreneurs spread. Interest in the seemingly stagnant hemp biomass, CBD and CBG markets soared to highs not seen in three years. Prices are on the rise again and hemp producers are …

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