Sun.Oct 16, 2022

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MJ Biz Report: Goodness Growth vows to take legal action after Verano scraps cannabis acquisition

Cannabis Law Report

Goodness Growth Holdings vowed to seek “significant damages” after multistate cannabis operator Verano Holdings said on Friday that it was terminating its acquisition of the company and seeking millions of dollars in reimbursements and fees. Minneapolis-based Goodness Growth accused Chicago-headquartered Verano in a news release of pulling the plug after Goodness refused to accept a lower purchase […].

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Insect light sensitivity caused by newly found endocannabinoid

Cannabis Life Network

Most vertebrates produce a special group of molecules known as endocannabinoids. Molecules like 2-AG and anandamide are, however, oddly absent in insects. Researchers recently discovered a different endocannabinoid found in insects causes light sensitivity in fruit flies. 2-LG found in fruit flies Insects and humans consist of transient receptor potential (TRP) channels that respond to temperature, chemicals, and light.

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USA: Department of Air Force to Allow a Retest for Applicants Who Test Positive for THC

Cannabis Law Report

The new two-year pilot program will allow applicants who test positive for THC in the initial test to retest after 90 days if they are granted a THC waiver. Individuals who apply to the Department of Air Force (DAF) but test positive for THC in the initial test could now be granted a second chance […].

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Eden Pharma acquires 5,000-acre site in Uganda for cannabis research and production

Cannabis Law Report

Mugglehead reports The company believes it now owns the largest cannabis R&D cultivation site on the globe Eden Pharma Ltd claims to have acquired the largest cannabis development site in the world. On Friday, the United Kingdom-based medical cannabis and extract company announced that it had come into possession of a 5,000-acre site in Uganda that […].

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Where the Money Grows: Learning the Industry Trends in Medical Cannabis, Recreational Marijuana, Hemp, and Beyond

Speaker: Jonathan Bench, International Cannabis and Securities Business Attorney at Harris Bricken

The U.S. cannabis industry is still in its infancy, even though states began engaging with legalization in one form or another in the late 1990s. Today, many opportunities exist for individuals and businesses that want to engage in the industry. Some want to directly own licensed businesses, while others prefer to keep the industry at an arm’s length and merely profit from it.

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LA Times Report: New details show sprawling web of corruption in Southern California cannabis licensing

Cannabis Law Report

Here’s what they say by way of introduction As a California lawmaker called for a statewide task force to crack down on corruption in the legal cannabis market, new details are emerging in a bribery scandal that has ensnared local government officials from the Inland Empire to the San Gabriel Valley and southeast Los Angeles […].