Regulations https://www.benzinga.com/views/taxonomy/term/144213 en House Dems Propose Allowing Banks To Service Cannabis Companies As Part Of Coronavirus Bill https://www.benzinga.com/markets/cannabis/20/05/16014806/house-dems-propose-allowing-banks-to-service-cannabis-companies-as-part-of-coronavirus-bill <p>The $3-trillion coronavirus relief bill proposed by House Democrats Tuesday has provisions that should make pot professionals happy.</p> <p>The <a href="http://docs.house.gov/billsthisweek/20200511/BILLS-116hr6800ih.pdf">financial stimulus&nbsp;package</a>, which&nbsp;is meant to offset small business losses on the heels of the COVID-19 pandemic, includes a safe harbor provision for banks.</p> <p>In other words, financial lenders, advisors and institutions would be allowed to provide services to cannabis companies in states where the drug is legal.</p> <p>Today, banks&nbsp;are not allowed to serve the cash-based industry due to federal drug laws,&nbsp;even though cannabis is medically legal in 33 states plus ...</p><p><a href=https://www.benzinga.com/markets/cannabis/20/05/16014806/house-dems-propose-allowing-banks-to-service-cannabis-companies-as-part-of-coronavirus-bill alt=House Dems Propose Allowing Banks To Service Cannabis Companies As Part Of Coronavirus Bill>Full story available on Benzinga.com</a></p> Cannabis cannabis industry Cannabis Laws Coronavirus Covid-19 Government marijuana reform Mitch McConnell Regulations Politics Markets Media General Government Cannabis Regulations Politics Markets Media General Benzinga Tue, 12 May 2020 20:59:54 +0000 Anthony Noto 16014806 at https://www.benzinga.com Essential Business Label For Cannabis Validates Industry, Dixie Brands CEO Says https://www.benzinga.com/markets/cannabis/20/05/15994810/essential-business-label-for-cannabis-validates-industry-dixie-brands-ceo-says <p>At the onset of the coronavirus pandemic, many cannabis companies were allowed to operate as so-called &quot;essential businesses&quot; &mdash; at least in certain&nbsp;markets.</p> <p>This classification was a big moment for&nbsp;the marijuana market, according to&nbsp;Dixie Brands CEO Chuck Smith.</p> <p>&quot;This has provided material validation for our industry, for our consumers and of course for our team,&quot; Smith told Benzinga.</p> <p>&quot;Dixie has been operating for over a decade and such a public acknowledgement of the important role of the cannabis industry signifies for us a big step towards normalization across the country.&quot;</p> <p>Cannabis companies hustled to&nbsp;shift their business model to&nbsp;accommodate customers with either&nbsp;curbside pickup or home deliveries. Still, many players in the space couldn&#39;t squeak by unscathed.</p> <p>Many companies opted to&nbsp;<a href="https://www.benzinga.com/markets/cannabis/20/04/15739709/acreage-holdings-furloughs-employees-closes-facilities-axes-m-a-deal-due-to-covid-19-crisis">furlough&nbsp;employees</a>, <a href="https://www.benzinga.com/markets/cannabis/20/05/15970110/medmen-temporarily-closes-5-florida-dispensaries">close&nbsp;stores</a>&nbsp;and&nbsp;<a href="https://www.benzinga.com/markets/cannabis/20/03/15676669/harvest-and-verano-end-m-a-talks-may-revisit-deal-in-the-future">cancel&nbsp;M&amp;A deals</a>. And even though cannabis is medically legal in 33 states plus Washington, D.C. &mdash; and permitted recreationally in 11&nbsp;of those states &mdash; it&#39;s still considered entirely illegal by the federal government. As a result, pot entrepreneurs have been unable to tap financial aid.</p> <h3>Dixie Brands Sets Sales Record During Pandemic</h3> <p>Tough times got ...</p><p><a href=https://www.benzinga.com/markets/cannabis/20/05/15994810/essential-business-label-for-cannabis-validates-industry-dixie-brands-ceo-says alt=Essential Business Label For Cannabis Validates Industry, Dixie Brands CEO Says>Full story available on Benzinga.com</a></p> Andrew Schweibold BR Brands Cannabis cannabis industry Chuck Smith Coronavirus Covid-19 Dixie Smith Government M&A News Regulations Retail Sales Management Markets Interview News M&A Government Cannabis Regulations Retail Sales Management Markets Interview Benzinga Mon, 11 May 2020 20:35:09 +0000 Anthony Noto 15994810 at https://www.benzinga.com 'F*** Elon Musk,' Responds California Assemblywoman To Musk's Threats To Leave State https://www.benzinga.com/government/20/05/15996859/f-elon-musk-responds-california-assemblywoman-to-musks-threats-to-leave-state <p><strong>Tesla Inc.&rsquo;s </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) CEO was the subject of California State Assemblywoman Lorena Gonzalez&rsquo;s ire after he threatened to move the factory out of the state.</p> <h3>What Happened</h3> <p>In a social media <a href="https://www.benzinga.com/government/20/05/15996218/musk-threatens-to-move-tesla-out-of-california-over-covid-19-lockdown-restrictions">outburst against Alameda County officials</a> on Saturday, Tesla CEO Elon Musk called the &ldquo;Interim Health Officer&rdquo; of the county &ldquo;unelected &amp; ignorant&rdquo; and accused the official of acting &ldquo;contrary to the Governor, the President, our Constitutional freedoms &amp; just plain common sense!&rdquo;</p> <p>Hours after Musk&rsquo;s tweets, Gonzalez weighed in:</p> <blockquote class="twitter-tweet"><p>F*ck Elon Musk.</p> <p>&mdash; Lorena (@LorenaSGonzalez) <a ...</p></blockquote><p><a href=https://www.benzinga.com/government/20/05/15996859/f-elon-musk-responds-california-assemblywoman-to-musks-threats-to-leave-state alt=&#039;F*** Elon Musk,&#039; Responds California Assemblywoman To Musk&#039;s Threats To Leave State>Full story available on Benzinga.com</a></p> California Covid-19 Eon Musk Gigafactory Government News Regulations texas TSLA Politics Tech General TSLA US88160R1014 News Government Regulations Politics Tech General Benzinga Mon, 11 May 2020 03:44:44 +0000 Shivdeep Dhaliwal 15996859 at https://www.benzinga.com Musk Threatens To Move Tesla Out Of California Over COVID-19 Lockdown Restrictions https://www.benzinga.com/government/20/05/15996218/musk-threatens-to-move-tesla-out-of-california-over-covid-19-lockdown-restrictions <h3><em><strong>Benzinga&rsquo;s Take</strong></em></h3> <p><em><strong>Tesla Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>)&nbsp;investors are likely most concerned with the potential costs of moving Tesla&rsquo;s operations out of the state of California and whether or not Musk&rsquo;s threats will expedite the reopening of the Fremont plant. Gordon Johnson of GLJ Research has estimated Tesla burns $300 million every week the Fremont plant remains down.</em></p> <h3><strong>Musk Threatens To Move Tesla Out Of California</strong></h3> <p>A day after Alameda County, California officials said Tesla is not cleared to reopen its Fremont vehicle production plant due to health risks posed by COVID-19, Tesla CEO Elon Musk said he is filing a lawsuit against the county and moving Tesla headquarters out of the state of California.</p> <p>&ldquo;Tesla is filing a lawsuit against Alameda County immediately. The unelected &amp; ignorant &#39;Interim Health ...</p><p><a href=https://www.benzinga.com/government/20/05/15996218/musk-threatens-to-move-tesla-out-of-california-over-covid-19-lockdown-restrictions alt=Musk Threatens To Move Tesla Out Of California Over COVID-19 Lockdown Restrictions>Full story available on Benzinga.com</a></p> Elon Musk GLJ Research Gordon Johnson Government Joe Rogan News Regulations TSLA Legal Top Stories TSLA US88160R1014 News Government Regulations Legal Top Stories Benzinga Sat, 09 May 2020 17:46:36 +0000 Wayne Duggan 15996218 at https://www.benzinga.com Missouri Lawmaker's Unconventional Fight For Marijuana Legalization https://www.benzinga.com/markets/cannabis/20/05/15992114/missouri-lawmakers-unconventional-fight-for-marijuana-legalization <p>As the year is unfolding and the November election ballot is approaching, marijuana legalization advocates are making a last-ditch effort to fight for their cause.</p> <p>One GOP Missouri lawmaker decided to stir things up a bit by proposing a rather unorthodox idea on a Missouri House of Representatives&rsquo; Thursday session.</p> <p>Rep. Andrew McDaniel introduced an amendment to a health care bill, requesting members of House to include consuming marijuana in their legislative activities.</p> <p>The amendment determines<em> </em>that&nbsp;&ldquo;members of the Missouri House shall consume a substantial dose of medicinal marijuana prior ...</p><p><a href=https://www.benzinga.com/markets/cannabis/20/05/15992114/missouri-lawmakers-unconventional-fight-for-marijuana-legalization alt=Missouri Lawmaker&#039;s Unconventional Fight For Marijuana Legalization>Full story available on Benzinga.com</a></p> Andrew McDaniel Cannabis cannabis industry Government legalize marijuana Marijuana Moment News Regulations Health Care Politics Media General News Government Cannabis Regulations Health Care Politics Media General Benzinga Fri, 08 May 2020 20:45:29 +0000 Jelena Martinovic 15992114 at https://www.benzinga.com For Mother's Day, This Cannabis Doctor Wants Common Sense Legislation https://www.benzinga.com/markets/cannabis/20/05/15875938/for-mothers-day-this-cannabis-doctor-wants-common-sense-legislation <p>Cannabis companies are hustling to stay afloat and turn a profit just like every other business,&nbsp;but for Dr. Chanda Macias, the ramifications of the economic downturn are much more personal.</p> <p>Mothers like her rely on medicinal cannabis for&nbsp;treating their children&#39;s ailments. As CEO of&nbsp;<a href="https://womengrow.com/">Women Grow</a>, an&nbsp;outreach group dedicated to educating patients on&nbsp;the cannabis and hemp sector, she hears firsthand how an already tough situation was made worse by the coronavirus pandemic.&nbsp;</p> <p>&quot;Mothers call me and ask &#39;how can I get help for my child?&#39;&quot;&nbsp;Macias told me. &quot;This is about their health.&quot;</p> <p>Over the past few months, dispensary operators&nbsp;enacted a number of strategies to offset losses. Some&nbsp;<a href="https://www.benzinga.com/markets/cannabis/20/05/15956725/ethos-cannabis-to-acquire-4front-dispensaries-in-maryland-pennsylvania">sold assets</a>, while others <a href="https://www.benzinga.com/markets/cannabis/20/05/15970110/medmen-temporarily-closes-5-florida-dispensaries">shuttered their stores</a> and&nbsp;<a href="https://www.benzinga.com/markets/cannabis/20/04/15739709/acreage-holdings-furloughs-employees-closes-facilities-axes-m-a-deal-due-to-covid-19-crisis">furloughed employees</a>.</p> <p>Fewer dispensaries means fewer patients are able to get safe and legal access to cannabidiol &mdash; CBD &mdash;&nbsp;medicine, Macias said.&nbsp;</p> <p>Some markets&nbsp;allowed cannabis companies to continue operating with curbside pickup or home deliveries, but in other regions it was a struggle to get on that&nbsp;&quot;essential business&quot; list.</p> <h3>Cannabis Businesses Fight For &#39;Essential Business&#39; Label</h3> <p>In Ontario, stores were first&nbsp;<a href="https://mjbizdaily.com/ontario-cannabis-stores-to-close-after-removal-from-essential-list/">forced to close</a>, only to <a href="https://www.benzinga.com/markets/cannabis/20/04/15778079/ontario-cannabis-retailers-shift-to-delivery-model-after-coronavirus-shutdown">open up again</a> after entrepreneurs clapped back at regulators.</p> <p>In Massachusetts, cannabis companies <a href="https://www.benzinga.com/markets/cannabis/20/04/15774747/cannabis-companies-sue-massachusetts-governor-over-halt-in-dispensary-operations">threatened to sue</a> Gov. Charlie Baker after he&nbsp;demanded that recreational marijuana stores remain closed&nbsp;as part of a stay-at-home advisory.</p> <p>Getting labeled an &quot;essential business&quot; in Louisiana &mdash; where Macias&#39; company&nbsp;Ilera Holistic Healthcare is based &mdash; was also a headache.&nbsp;&nbsp;</p> <p>&quot;We had&nbsp;to fight to be labeled &#39;essential businesses,&#39;&quot; Macias said. &quot;We had to go and stand our ground in terms of legislation.&quot;</p> <p>For pot purveyors, this is another day at the office in the U.S., where laws vary state-by-state and keeping up with regulations and compliance is not only daunting, ...</p><p><a href=https://www.benzinga.com/markets/cannabis/20/05/15875938/for-mothers-day-this-cannabis-doctor-wants-common-sense-legislation alt=For Mother&#039;s Day, This Cannabis Doctor Wants Common Sense Legislation>Full story available on Benzinga.com</a></p> cannabidiol Cannabis CBD Chanda Macias Coronavirus Covid-19 Government GreenWave Advisors Hemp Ilera Holistic Healthcare Matt Karnes Regulations Women Grow Health Care Politics Exclusives Markets Interview General Government Cannabis Regulations Health Care Politics Exclusives Markets Interview General Benzinga Fri, 08 May 2020 18:45:55 +0000 Anthony Noto 15875938 at https://www.benzinga.com Massachusetts Medical Marijuana Registrations In April Surpass Expectations https://www.benzinga.com/markets/cannabis/20/05/15981665/massachusetts-medical-marijuana-registrations-in-april-surpass-expectations <p>The number of medical marijuana patients in Massachusetts in April&nbsp;<a href="http://www.masslive.com/marijuana/2020/05/number-of-mass-medical-marijuana-patients-increases-by-more-than-8700-in-april-as-recreational-pot-shops-are-closed-during-coronavirus-pandemic.html">increased</a>&nbsp;by 14%, reaching the figure of 72,502 active patients.</p> <p>That&#39;s according to Cannabis Control Commission Executive Director Shawn Collins, who disclosed the figures during a Thursday <a href="http://mass-cannabis-control.com/event/public-meeting-may-7-2020/">virtual&nbsp;meeting</a>.</p> <p>CCC data suggest April marijuana medical sales went up by roughly 25% to 65,155 ounces sold compared to the month before.</p> <p>The news&nbsp;comes on the heels of another report from&nbsp;last week that showed around 1,300 new patient registrations for March. That&#39;s&nbsp;an increase of 160% compared to the prior week.</p> <p><a href="http://www.bostonglobe.com/2020/04/23/marijuana/massachusetts-medical-marijuana-registrations-spike-245/">Per the Boston Globe</a>, over the last month, medical marijuana registrations in the state went up by 245%.</p> <p>&ldquo;That ...</p><p><a href=https://www.benzinga.com/markets/cannabis/20/05/15981665/massachusetts-medical-marijuana-registrations-in-april-surpass-expectations alt=Massachusetts Medical Marijuana Registrations In April Surpass Expectations>Full story available on Benzinga.com</a></p> Boston Globe Cannabis Government Marijuana Moment MassLive News Regulations Politics Media General News Government Cannabis Regulations Politics Media General Benzinga Fri, 08 May 2020 11:08:02 +0000 Jelena Martinovic 15981665 at https://www.benzinga.com Rubicon Organics To Obtain Medical Cannabis Sales License, Expand Capacities https://www.benzinga.com/markets/cannabis/20/05/15968529/rubicon-organics-to-obtain-medical-cannabis-sales-license-expand-capacities <p>Canadian cannabis producer <strong>Rubicon Organics</strong><strong>&nbsp;</strong>(OTCQX:<a href="http://www.benzinga.com/stock/romjf">&nbsp;<strong>ROMJF</strong></a>)&nbsp;<a href="http://www.globenewswire.com/news-release/2020/05/06/2028235/0/en/Rubicon-Organics-Receives-Medical-Sales-License-and-Approval-for-Outdoor-Cultivation.html">announced</a>&nbsp;Wednesday it has obtained a medical sales license to sell its products directly to customers.</p> <p>The Vancouver-based company has earned Health Canada&rsquo;s approval for expansion of its indoor and outdoor cultivation and processing space on its 20-acre property in Delta, British Columbia.</p> <p>This year, Rubicon will launch out-of-doors cannabis cultivation and expand its organic Delta facility by adding 11 acres of growing ...</p><p><a href=https://www.benzinga.com/markets/cannabis/20/05/15968529/rubicon-organics-to-obtain-medical-cannabis-sales-license-expand-capacities alt=Rubicon Organics To Obtain Medical Cannabis Sales License, Expand Capacities>Full story available on Benzinga.com</a></p> Cannabis cannabis industry Government Health Canada Jesse McConnell News Regulations ROMJF Entrepreneurship Small Business General ROMJF News Government Cannabis Regulations Entrepreneurship Small Business General Benzinga Wed, 06 May 2020 18:28:45 +0000 Jelena Martinovic 15968529 at https://www.benzinga.com Massachusetts Considers Providing Financial Aid For Cannabis Businesses https://www.benzinga.com/markets/cannabis/20/05/15967065/massachusetts-considers-providing-financial-aid-for-cannabis-businesses <p>Massachusetts might be on its way to creating a coronavirus-relief program for cannabis businesses left out of a federal-level coronavirus (COVID-19) funding aid.</p> <p>The bill for the establishment of the state&rsquo;s paycheck protection program filed in April by chairwoman Diana DiZoglio was debated on at a Tuesday virtual hearing, <a href="http://www.marijuanamoment.net/massachusetts-bill-to-give-state-coronavirus-relief-to-marijuana-businesses-gets-hearing/">according to Marijuana Moment</a>.</p> <p>The Joint Committee on Community Development and Small Businesses participated in the event held by a Massachusetts legislative committee.</p> <p>The testimonies of cannabis business owners and entrepreneurs submitted for the online hearing only confirmed they are significantly impacted by the current federal marijuana prohibition that ...</p><p><a href=https://www.benzinga.com/markets/cannabis/20/05/15967065/massachusetts-considers-providing-financial-aid-for-cannabis-businesses alt=Massachusetts Considers Providing Financial Aid For Cannabis Businesses>Full story available on Benzinga.com</a></p> Beth Waterfall Cannabis Diana DiZoglio Government Marijuana Moment News Regulations Entrepreneurship Politics Media General News Government Cannabis Regulations Entrepreneurship Politics Media General Benzinga Wed, 06 May 2020 14:42:11 +0000 Jelena Martinovic 15967065 at https://www.benzinga.com A Snapshot Of America's Medical Marijuana Markets: North Dakota https://www.benzinga.com/markets/cannabis/20/05/15936444/a-snapshot-of-americas-medical-marijuana-markets-north-dakota <p>North Dakota legalized medical marijuana in November 2016, and the first store opened March 1, 2019.&nbsp;</p> <p>Since the initial passage, citizens have faced roadblocks when attempting to become patients. Even with a card, obtaining medicine has proven difficult in the state of just 800,000 people.</p> <p>In the years since the legalization medical cannabis in North Dakota, the often-conservative state has approached cannabis reform with varying degrees of success.</p> <p>As of April 16, 2020, just over 2,800 patients were considered active in the state program.</p> <p>Data from the state&#39;s 2019 <a href="https://www.health.nd.gov/sites/www/files/documents/Files/MM/Annual_Report_2019.pdf">annual report</a> revealed that it generated roughly $928,000 in fee-based revenue during the fiscal year, an increase from&nbsp;$95,000 the year prior.</p> <p>A report from Arcview Market Research and BDS Analytics forecasts the market will generate $32 million in medical spending by 2024.</p> <h3>Market Concerns, Legislative Action</h3> <p>Some of the ongoing patient and business concerns were addressed during the 2019 legislative session.</p> <p>Such <a href="https://www.health.nd.gov/sites/www/files/documents/Files/MM/Annual_Report_2019.pdf">legislative action</a> included the addition of a dozen qualifying conditions to the medical cannabis program. The<a href="https://www.kfyrtv.com/content/news/ND-House-bill-to-expand-conditions-for-medical-marijuana-qualifications-passes-506011751.html"> additions cover various medical conditions</a>, including but not limited to multiple eating disorders, opioid addiction and autism spectrum disorder.</p> <p>Lawmakers also made changes to the information technology system to allow patients 19 and older to purchase up to 2.5 ounces of dry flower or leaves in a 30-day period.</p> <p>Patients with cancer received approval to purchase up to 6&nbsp;ounces during the same period. ...</p><p><a href=https://www.benzinga.com/markets/cannabis/20/05/15936444/a-snapshot-of-americas-medical-marijuana-markets-north-dakota alt=A Snapshot Of America&#039;s Medical Marijuana Markets: North Dakota>Full story available on Benzinga.com</a></p> Acerage Holdings ACRGF ArcView Market Research BDS Analytics Cannabis Government Legalize ND M&A ND for Freedom of Cannabis Act News Regulations U.S. Department of Agriculture USDA Markets Interview ACRGF News M&A Government Cannabis Regulations Markets Interview Benzinga Tue, 05 May 2020 20:27:34 +0000 Andrew Ward 15936444 at https://www.benzinga.com Marijuana Debates To Take Place in California And Massachusetts https://www.benzinga.com/markets/cannabis/20/05/15958948/marijuana-debates-to-take-place-in-california-and-massachusetts <p>It seems the coronavirus outbreak only poured fuel on already burning issues related to marijuana businesses in the country. Tuesday witnessed two of them.</p> <p>Massachusetts&rsquo;s cannabis market could benefit from a <strong>Zoom</strong>&nbsp;<a href="http://www.marijuanamoment.net/massachusetts-lawmakers-will-debate-bill-to-provide-marijuana-businesses-with-coronavirus-relief-this-week/">debate</a>&nbsp;that was scheduled for today. The topic centered around a&nbsp;proposal for the organization of a COVID-19 relief program for businesses that are not receiving federal-level COVID-19 funds.</p> <p>According to Marijuana Moment, the Joint Committee on Community Development and Small Businesses discussed the bill proposed last month by Massachusetts State Senator and committee chairwoman Diana DiZoglio. It has been supported by fifteen other lawmakers.</p> <p>Massachusetts is the only state in the country that closed adult-use retailers, said ...</p><p><a href=https://www.benzinga.com/markets/cannabis/20/05/15958948/marijuana-debates-to-take-place-in-california-and-massachusetts alt=Marijuana Debates To Take Place in California And Massachusetts>Full story available on Benzinga.com</a></p> California Cannabis Coronavirus Covid-19 Government Marijuana Moment Massachusetts News Regulations The Mercury News Politics Media General News Government Cannabis Regulations Politics Media General Benzinga Tue, 05 May 2020 19:35:44 +0000 Jelena Martinovic 15958948 at https://www.benzinga.com Lawsuit Pushes DEA To Explain Delays As Applications For Marijuana Research Pile Up https://www.benzinga.com/markets/cannabis/20/05/15939557/lawsuit-pushes-dea-to-explain-delays-as-applications-for-marijuana-research-pile-up <p>For years,&nbsp;the Drug Enforcement Administration&nbsp;has delayed&nbsp;applications for growing and researching marijuana without explanation.&nbsp;</p> <p>No more.</p> <p>A new lawsuit has pushed the enforcement agency&nbsp;into publishing an internal memo that&nbsp;explains why it&nbsp;has yet to hand out more licenses for the production of research-grade marijuana.</p> <p>The DEA has stated on numerous occasions that <a href="https://www.benzinga.com/markets/cannabis/19/08/14329810/dea-to-allow-more-research-licenses-for-us-cannabis-growers">new licenses will be issued</a>, but applications have not yet been processed. According to the newly published document, the DEA&rsquo;s handling of marijuana cultivation for federally allowed research is in violation of an international treaty from 1961.</p> <h3>A History Of Delays In Federal Marijuana Research</h3> <p>Marijuana grown for federally allowed research is cultivated by the University of Mississippi, as part of a contract with the National Institute on Drug Abuse that dates back to the 1960s.</p> <p>For over six decades, the NIDA has been the only&nbsp;institution&nbsp;federally allowed to grow marijuana for research purposes.</p> <p>This marijuana, per&nbsp;an <a href="https://www.washingtonpost.com/news/wonk/wp/2017/03/13/government-marijuana-looks-nothing-like-the-real-stuff-see-for-yourself/">independent expert analysis</a>, is said&nbsp;to be of poor quality and low potency. Allowing for the availability of a wider variety of cannabis for research purposes is a crucial step toward achieving the scientific consensus necessary to reach a federal legalization policy.</p> <p>In 2016, the DEA announced that it would take&nbsp;applications from new institutions to become licensed producers of federally allowed marijuana for research.</p> <p>Some ...</p><p><a href=https://www.benzinga.com/markets/cannabis/20/05/15939557/lawsuit-pushes-dea-to-explain-delays-as-applications-for-marijuana-research-pile-up alt=Lawsuit Pushes DEA To Explain Delays As Applications For Marijuana Research Pile Up>Full story available on Benzinga.com</a></p> Cannabis cannabis industry DEA Government Marijuana Moment News NIDA Regulations Scottsdale Research Institute Legal Top Stories Markets News Government Cannabis Regulations Legal Top Stories Markets Benzinga Mon, 04 May 2020 20:52:37 +0000 Natan Ponieman 15939557 at https://www.benzinga.com Halo Labs Experiences Delays In Regulatory Approval For California Dispensary https://www.benzinga.com/markets/cannabis/20/05/15947034/halo-labs-experiences-delays-in-regulatory-approval-for-california-dispensary <p><strong>Halo Labs Inc.</strong> (NEO: HALO)&nbsp;(OTCQX: <a href="http://www.benzinga.com/stock/ageef/">AGEEF</a>) <a href="http://www.businesswire.com/news/home/20200501005555/en/Halo-Operational-Update">reported</a>&nbsp;updates on its operations and activities, including the status of its California expansion.</p> <p>The Toronto company still has not received local approval to build out its North Hollywood dispensary.</p> <p>Halo Labs <a href="http://www.benzinga.com/markets/cannabis/20/01/15142105/halo-labs-plans-acquisition-of-north-hollywood-dispensary-applicant-retail-management-company">attained a controlling interest in the dispensary</a>&nbsp;earlier this year. Since then, the coronavirus pandemic has disrupted the regular flow of virtually every type of business.</p> <p>&quot;We have taken every precaution we can to protect public health, while maintaining ongoing operations across the company,&quot;&nbsp;Halo Labs CEO and Director Kiran Sidhu said. &quot;This has been challenging and Halo has experienced delays in regulatory approvals for our North Hollywood dispensary and Bophelo, nevertheless I am ...</p><p><a href=https://www.benzinga.com/markets/cannabis/20/05/15947034/halo-labs-experiences-delays-in-regulatory-approval-for-california-dispensary alt=Halo Labs Experiences Delays In Regulatory Approval For California Dispensary>Full story available on Benzinga.com</a></p> AGEEF California Dispensary Cannabis cannabis industry Coronavirus Government HALO Halo Labs M&A marijuana News Regulations HALO US40637H1095 AGEEF News M&A Government Cannabis Regulations Benzinga Mon, 04 May 2020 19:10:33 +0000 Jelena Martinovic 15947034 at https://www.benzinga.com New Zealand's Cannabis Reform Is Akin To Canada's But With A Protectionist Tinge https://www.benzinga.com/markets/cannabis/20/05/15937448/new-zealands-cannabis-reform-is-akin-to-canadas-but-with-a-protectionist-tinge <p>In New Zealand, a&nbsp;<a href="https://www.beehive.govt.nz/sites/default/files/2019-05/Proactive%20release%20-%20Cabinet%20paper%20-%202020%20Cannabis%20Referendum%20-%207%20May%202019.pdf" target="_blank">legal reform on cannabis</a>&nbsp;was proposed. It will be voted on in a national referendum, along with the general elections and referendum on Euthanasia.</p> <p>This reform promises to lead the international legalization movement by proposing a series of highly progressive issues.</p> <p>In general terms, it will be very similar to the Canadian reform, although it will have an extremely protectionist tinge on native and more vulnerable communities.</p> <p>Market shares would be reserved for micro-cultivators, businesses led by indigenous people would be prioritized and consumption areas would be enabled.</p> <p>On the other hand, there will also be a limit to the amount of cannabis produced annually and the THC levels that the products may have.</p> <p>New Zealand released recreational marijuana legislation that is set to be voted on in a nationwide referendum in September.</p> <p>Local business leaders are calling the proposed legislation &mdash;&nbsp;the Cannabis Legalization and Control Bill &mdash; &ldquo;world-leading&rdquo; for provisions that would reserve ...</p><p><a href=https://www.benzinga.com/markets/cannabis/20/05/15937448/new-zealands-cannabis-reform-is-akin-to-canadas-but-with-a-protectionist-tinge alt=New Zealand&#039;s Cannabis Reform Is Akin To Canada&#039;s But With A Protectionist Tinge>Full story available on Benzinga.com</a></p> Cannabis Government Legalization New Zealand Regulations Entrepreneurship Politics Small Business Markets General Government Cannabis Regulations Entrepreneurship Politics Small Business Markets General Benzinga Fri, 01 May 2020 20:47:24 +0000 Jose Rodrigo Safdiye 15937448 at https://www.benzinga.com How COVID-19 Is Affecting Cannabis Companies in Colombia https://www.benzinga.com/markets/cannabis/20/05/15927569/how-covid-19-is-affecting-cannabis-companies-in-colombia <p>As cannabis businesses in North America <a href="https://www.benzinga.com/markets/cannabis/20/04/15802306/how-the-impending-recession-could-change-the-cannabis-industry-everybody-is-going-to-raise-capit">attempt&nbsp;to navigate the imminent recession</a>, Colombia&rsquo;s largest cannabis operators are sharing&nbsp;comments of tranquility in the midst of global market turmoil.</p> <p>Benzinga spoke with leaders at <a href="https://www.benzinga.com/markets/cannabis/20/04/15870701/these-are-the-big-4-colombian-cannabis-producers">Colombia&rsquo;s &ldquo;Big 4&rdquo; cannabis firms</a>&nbsp;&mdash;&nbsp;<strong>Khiron </strong>(TSXV: KHRN) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/khrnf#OTC">KHRNF</a>), <strong>Avicanna </strong>(TSX: AVCN) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/avcnf#OTC">AVCNF</a>), <strong>PharmaCielo </strong>(TSXV: PCLO) (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/pclof#OTCQX">PCLOF</a>) and <strong>Clever Leaves &mdash;</strong>&nbsp;to build a general perspective on how cannabis operations in the country are being impacted by the COVID-19 outbreak.</p> <p>The four companies add up to over 40 million square feet of cultivated, open-air cannabis crops. They&nbsp;operate&nbsp;a wide array of extractions and processing facilities, and have a robust infrastructure for distribution. They export to North America, South America, Australia, the UK and various countries in continental Europe.</p> <p>Although commercial activity and client interest continues, the companies are experiencing&nbsp;challenges in dealing with supply chain logistics, completing licencing efforts and finding new capital.</p> <h3>Some Context: Colombia and COVID-19</h3> <p>Colombia registered its first case of COVID-19 on March 6, and proceeded to issue a countrywide stay-at-home order on March 24. The order is currently ongoing until May 11.</p> <p>As part of the agricultural and pharmaceutical industries, cannabis was deemed an essential product early on, allowing for cultivation, processing and commercialization operations to continue through the quarantine.&nbsp;</p> <p>At the time of publication, the country has 6211 registered cases of coronavirus, with 278 deaths and 1411 recovered.</p> <p>According to official sources, Colombia&#39;s economy is expected to contract between 1.5% and 2% in 2020 due to the pandemic. This marks a U-turn from a growth of 3.3% in 2019, and a projected growth before the outbreak of 3.7% for 2020.</p> <h3>Supply Chain Issues</h3> <p>Pharmacielo&rsquo;s CCO David Gordon said that while interest from customers hasn&rsquo;t changed, there are new questions being raised from a logistics perspective.</p> <p>With most countries under lockdown, moving products around becomes one of the hardest challenges for Colombian cannabis companies, most of which are focused around growing cannabis for export.</p> <p>&ldquo;The global shipping market, the shippers and receivers, the import-export, government officials, border control, all that is that reduce staffing as well because of Corona,&rdquo; Gordon said.</p> <p>Clever Leaves&nbsp;President Andr&eacute;s Fajardo says that since the commercial airline companies that typically transport their products are mostly at a halt, international sales are delayed, which has a direct impact on cash flow.</p> <p>This led to Colombian companies searching for alternatives in distributing their products internationally, some options being maritime ...</p><p><a href=https://www.benzinga.com/markets/cannabis/20/05/15927569/how-covid-19-is-affecting-cannabis-companies-in-colombia alt=How COVID-19 Is Affecting Cannabis Companies in Colombia>Full story available on Benzinga.com</a></p> Alvaro Torres Andres Fajardo Aras Azadian AVCNF Avicanna Cannabis Clever Leaves Colombia Covid-19 David Gordon Government Khiron KHRNF PCLO PCLOF Pharmacielo Regulations Entrepreneurship Small Business Markets Interview General KHRNF PCLO AVCNF PCLOF Government Cannabis Regulations Entrepreneurship Small Business Markets Interview General Benzinga Fri, 01 May 2020 20:08:34 +0000 Natan Ponieman 15927569 at https://www.benzinga.com