Join Sarah Lee Dobbs for this weeks latest industry updates in the Cannabis Sector, this week Sarah goes through:
America’s booming CBD market received a cold splash of reality this week when the US Food and Drug Administration issued a letter to Curaleaf, a major US cannabis and CBD brand, warning that some of its product marketing violates the Federal Food, Drug, and Cosmetic Act.
Arizona Attorney General Mark Brnovich approved a trial program allowing digital payments to medical marijuana dispensaries, which could potentially significantly impact the way the state’s MMJ firms without banking service transact business in future.
More than a dozen public pension funds are investing in marijuana through a California real estate investment trust , a sign that institutional investors wielding billions of dollars in state funds are comfortable pumping money into the cannabis industry.
Ontario, Canada-based licensed producer CannTrust fired its chief executive, Peter Aceto, “with cause” Thursday amid an ongoing scandal involving unlicensed cannabis cultivation that has enveloped the marijuana industry in Canada for weeks.
Pennsylvania regulators revoked the permit of one of the state’s medical cannabis cultivators for allegedly violating production and security regulations.
New York state governor Andrew Cuomo’s desire for full legalisation of cannabis took a step closer this week as marijuana use was decriminalised.
London’s first medical cannabis clinic to offer Cannabis medicine to children will open this week.