Global Cannabis and CBD News Roundup YouTube

We included articles about several ways that Biden’s reevaluation of cannabis scheduling could play out and not all of them are good. The process can drag on for much longer than actions by Congress and could result in scheduling being scuttled by the next president or a gateway for large companies to take control of the industry.

British Colombia is giving farmers the right to sell to consumers directly.

And in another sign of the mainstreaming of CBD, the major brand Charlotte’s Web made the first CBD endorsement deal with Major League Baseball. Yay! That's a great combination since CBD helps you fall asleep…and so does watching baseball. I’m joking! :)

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Have a magnificent week!

Weekly News
How Biden’s Rescheduling of Cannabis Could Affect the US Industry More at
Opinion: President Biden’s Cannabis ‘Review’ Could Be a Deadly Trap More at
B.C. Enables Farm-To-Gate Sales of Cannabis Products More at
Major League Baseball Strikes Sponsorship Deal With Large CBD Brand More at
USA Today/Ipsos Poll :Two in Three Americans Support Biden’s Planned Cannabis Reforms More at
Marijuana Industry Has Boosted Economic Activity in the Tenth Federal Reserve District More at
Medical Cannabis Companies Pour Money into Legalization Pac More at
Biden’s Cannabis Pardons Could Benefit Some 10,000 People with Misdemeanor Records More at
MA Gov Baker: Expungement Fastest Way to Address Cannabis Convictions More at
Czech It Out: Cannabis Legalization Trend Continues in Europe More at
Nevada Opens Cannabis Consumption Lounge Applications until October 27th More at
Some Claims Dismissed in CBD Startup Lawsuit by Curaleaf Exec, Others More at
Fewer than 10% Of Canadian Cannabis Licensees Exited Market, Government Report Shows More at
Cannabis Financial Restatements Show Industry Still Maturing, Insiders Say More at
Cool Finds
A Guide to All the (Technically) Legal Cannabinoids You Can Buy Right Now More at
6 Tips for Marketing Cannabis on TikTok and Instagram More at
Stocks and Startups Briefs

The House of Mary Jane, a Detroit-based cannabis retailer, will have its license suspended for 30 days and will be fined $75,000 after they admitted to having cannabis products on-site that weren’t registered with the state marijuana product tracking system.

Canadian-based Heritage Cannabis Holdings (OTCQX: HERTF) began operations in West Virginia alongside its production partner, Harvest Care Medical.
Fire & Flower Holdings (TSX: FAF) (OTCQX: FFLWF), a cannabis consumer retail and technology platform, entered into an option agreement to acquire Fire & Flower U.S. and an amended licensing agreement to deploy the Hifyre technology platform in the United States.

TerrAscend (CSE: TER) (OTCQX: TRSSF) closed a $45.5 million debt financing agreement with commercial real estate lender Pelorus Equity Group.
A settlement was reached between Sundial Growers, now SNDL (OTC: SNDL), and David Draiman of the heavy metal band Disturbed, for $7M. SNDL is accused of failing to disclose a product mold issue ahead of a $143M public offering.
High Tide (HITI) has unveiled plans to establish a High Street footprint in the emerging adult-use German market.

Charlotte’s Web Holdings (OTC: CWBHF) (CSE: CWEB) will become the “official CBD of Major League Baseball” after the two organizations struck a multiyear deal worth $30.5 million.
Shares for Valens Company (TSX: VLNS) (Nasdaq: VLNS) ticked up this morning as the company has managed to cut its losses, which had been far outpacing revenue over the past year.
CLS Holdings USA (OTCQB:CLSH)(CSE:CLSH), (the ''Company'' or ''CLS''), operating as Cannabis Life Sciences, today announced its Q1 2023 results.
Humble & Fume (CSE: HMBL) (OTCQX: HUMBF) ("Humble" or the "Company") reported their Q4 and full year financial results.

London-born company, Eden Pharma Ltd. to have the largest cannabis development site in the world in Uganda.
Goodness Growth (CSE: GDNS) (OTCQX: GDNSF) (“Goodness” or the “Company”) vows to take legal action after Verano Holdings (CNSX:VRNO) scraps cannabis acquisition.