CannaNews

CannaNews News about the cannabis and legal ma*****na industry. Stories on growers, CBD, production, retail, l

If you want to invest in the Oklahoma cannabis industry, there are no shortage of people willing to take your money. A s...
09/01/2023

If you want to invest in the Oklahoma cannabis industry, there are no shortage of people willing to take your money. A simple Google search will unveil hundreds of companies anxious to help you part with your hard-earned cash, in return for a rainbow-painted picture of future riches.

There’s just one problem... It doesn’t really work that way.

If you want to invest in the Oklahoma cannabis industry, there are no shortage of people willing to take your money.

Tilray May Move Into Fruit, Beer as Cannabis Legalization Stalls
09/01/2023

Tilray May Move Into Fruit, Beer as Cannabis Legalization Stalls

The company no longer sees legalization happening in the near future, so it may shift some growing capacity to fruits and vegetables

The 1937 Group, the first minority-owned, vertically-integrated cannabis company in Illinois, announced it is launching ...
09/01/2023

The 1937 Group, the first minority-owned, vertically-integrated cannabis company in Illinois, announced it is launching a Cannabis Incubator Program to help members of the community apply for a social equity license.



The 1937 Group Launches Cannabis Incubator Program to Help Social Equity Businesses

Trulieve Layoffs Continue.While a class action lawsuit unfolds over its worker layoffs in Florida, Trulieve announced th...
23/12/2022

Trulieve Layoffs Continue.

While a class action lawsuit unfolds over its worker layoffs in Florida, Trulieve announced this week it is also reducing staff at its McKeesport, Pa., cultivation and processing facility in Allegheny County, just outside of Pittsburgh.



The layoffs come after a class action lawsuit was filed earlier this month against Trulieve

Publicly Funded Ma*****na Research Center Launching in Chicago.A little more than a month after President Joe Biden sign...
22/12/2022

Publicly Funded Ma*****na Research Center Launching in Chicago.

A little more than a month after President Joe Biden signed a new ma*****na research bill into law, officials said they intend to open a cannabis-centric research laboratory and think tank in Chicago sometime in 2023.



A new cannabis-centric research laboratory and think tank will open in Chicago sometime in 2023.

Some Rotten Apples May Spoil the Cannabis Industry in Oklahoma"We are the number one source state now for black market i...
21/12/2022

Some Rotten Apples May Spoil the Cannabis Industry in Oklahoma

"We are the number one source state now for black market illicit ma*****na," said Mark Woodward with the Oklahoma Bureau of Narcotics. Woodward said that with the perfect storm of a free market, cheap land and a pandemic, Oklahoma quickly became the “Wild West of W**d."

*****na

Oklahoma authorities are facing increasing problems with the ma*****na industry as legitimate operators are being hurt by bad actors.

McConnell Opposition Dooms Banking Bill Ma*****na advocates and executives are up in arms after opposition from Senate G...
21/12/2022

McConnell Opposition Dooms Banking Bill

Ma*****na advocates and executives are up in arms after opposition from Senate GOP Leader Mitch McConnell (Ky.) resulted in Congress failing to pass a key cannabis banking bill, dealing a massive blow to the industry.

https://www.cannanews.buzz/single-post/mcconnell-opposition-dooms-banking-bill

Opposition from Senate GOP Leader Mitch McConnell resulted in Congress failing to pass a key cannabis banking bill

In a stunning move, President Biden pardons thousands for "simple possession" of ma*****na.He is also calling on governo...
06/10/2022

In a stunning move, President Biden pardons thousands for "simple possession" of ma*****na.

He is also calling on governors to issue similar pardons for those convicted of state ma*****na offenses, which reflect the vast majority of ma*****na possession cases.

Biden, in a statement, said the move reflects his position that “no one should be in jail just for using or possessing ma*****na.”

“Too many lives have been upended because of our failed approach to ma*****na," he added. “It’s time that we right these wrongs.”

https://www.cannanews.buzz/single-post/biden-pardons-thousands-for-simple-possession-of-ma*****na

*****nanews

In a stunning move, President Biden pardons thousands for ma*****na possession

The 1937 Group - regarded as the first minority-owned vertically-integrated cannabis company in Illinois, announced it r...
31/08/2022

The 1937 Group - regarded as the first minority-owned vertically-integrated cannabis company in Illinois, announced it recently secured $17M in new funding.

https://www.cannanews.buzz/single-post/the-1937-group-secures-17m-in-funding

the1937group

The first minority-owned, vertically-integrated canna-company in Illinois will use funds to build-out current assets and purchase licenses

Major food brands seek crackdown on ma*****na-infused copycats:This week, a dozen major food and beverage companies incl...
02/05/2022

Major food brands seek crackdown on ma*****na-infused copycats:

This week, a dozen major food and beverage companies including Pepsi, General Mills and Kellogg called on Congress to do more to prevent the proliferation of ma*****na-infused copycat products that mimic their well-known brands.

They want to deter the sale of the products by broadening an existing law so that THC-laced products that simulate the “famous marks” of known brands would be considered counterfeit.

“Double Stuf Stoneos” might be worth a chuckle if you’re in the right frame of mind, but children are increasingly being duped by the use of famous brand logos, characters, trademarks and fonts on edible products containing THC. On the label, they see the same come-hither chocolate wafers and creamy filling of their favorite cookie but do not zero in on the knockoff’s fine print that says, “Contains THC.” They may not even be reading yet.

The U.S. Food and Drug Administration reported 2,362 THC exposure cases from the start of 2021 through this February. Of those exposures, 41 percent involved children. With medical ma*****na now legal in 37 states and recreational cannabis legal in 18 states and the District of Columbia, the number of THC- and CBD-infused food and beverage items has exploded.

Food companies have invested decades in developing the credibility and trustworthiness of their recognizable brands, “and they are being hijacked,” said Fred Niehaus, the chairman of the Policy Center for Public Health and Safety, a cannabis advocacy group.

“We are in a transition period, and we have to separate the legitimate cannabis industry from the illicit operators.”

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