Hi,

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! :)

Feel free to subscribe to our Cannabis or CBD News Roundups.

Have a magnificent week!
Jessica

2022-10-10
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.

2022-10-11
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.

2022-10-12
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.

2022-10-13
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.

2022-10-14
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.