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SEC Sues Cannabis Players for $25 Million Offering Fraud

In the most basic terms, offering fraud occurs when a person (or entity) makes material misrepresentations or omissions to potential investors in a new company (most commonly, promising those investors large “guaranteed” returns on their investments). Offering fraud cases have become more prominent in recent years, and it looks like the U.S. Securities and Exchange …

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2020 Cannabis Sales Surpass 2019 Despite Pandemic, Report Finds

Cannabis companies LeafLink, Flowhub and Vangst have released a joint report featuring data from their own businesses — wholesale, online retail and talent hiring — and Covid-19’s impact on the industry. The State of the Cannabis Industry 2020 white paper reviews data points around B2B ordering, consumer preferences, purchasing habits and human resources management. Cannabis …

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First New Manitoba Cannabis Retailer Since Restrictions Loosened Set to Open

The first new Manitoba cannabis retailer licensed since the province loosened regulatory COVID-19 restrictions in June plans to fill its shelves with legal pot products in just over a week. As of June, there were 30 licensed cannabis stores in the province, but the Crown services minister announced in May Manitoba would open the market …

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Cannabis, Sex, And The Occult: A Conversation With Sophie Saint Thomas

Equal But Different “There’s evidence that estrogen gets you higher and testosterone does the opposite.”This sex-based difference in response to cannabis often leads to a mismatch in how high partners will feel when including cannabis in their lovelife. That said, other factors (e.g. a person’s weight, frequency of past cannabis use, unique biochemistry, etc.) also …

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Here We Go! Feds Sue California for Cannabis Business Records

State legal cannabis businesses are used to the specter of the federal government in the rear view mirrors of their lives and businesses. Unless you’ve been living under a rock, you know that cannabis remains federally illegal. And it’s not so much the case anymore that the Drug Enforcement Administration (DEA) or Department of Justice …

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FREE Upcoming Webinar – Hemp CBD Q&A With Harris Bricken

Register HERE today! Unless you’ve been living under a rock for the last few years, you’ve probably heard about cannabidiol, more commonly referred to as CBD. CBD is a cannabinoid that occurs in the cannabis plant. CBD is not intoxicating, unlike THC, but many consumers and businesses are intoxicated by the promise of CBD, which …

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Federal Hemp CBD Policy Is Taking Shape: How Will Products Be Tested and Labeled?

This is the second post in a two-part series. The first is available here.  Last week, the Food and Drug Administration (FDA) submitted a CBD enforcement policy to the White House. We do not yet have the text of that document but we anticipate that it will have a significant impact on hemp-derived CBD (Hemp …

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FSD Pharma Leaving Cannabis for COVID-19, Closing Medical Pot Facility in Cobourg, Ont.

FSD Pharma, which launched a medicinal cannabis production facility in Cobourg, Ont., will be cancelling its cannabis licences and closing the operation next month to focus on coronavirus work. On Thursday, the biotech/pharmaceutical company announced it has notified Health Canada of its decision to forfeit its licences. It also plans to suspend all activities within …

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