Global Cannabis and CBD News Roundup YouTube

A tragic event occurred at a Trulieve warehouse after a worker with asthma had an attack, brought on by inhaling too much ground cannabis in the air (aka Kief), and died. OSHA is investigating and has announced fines. While it wasn't the psychoactive effects of cannabis that were fatal, this is a reminder that asthma and workplace safety should always be taken seriously.

Biden announced that he is pardoning 6,500 people with minor federal cannabis possession convictions and putting evaluating deschedulization as a priority. I'm glad this was done but I can’t help being a little suspicious of the timing. Is this really a bold change or is this an attempt to boost the party before elections? And frankly, this talk about putting cannabis on the same footing as morphine and crack cocaine, as a schedule II drug, doesn't sound ideal. In any case, Biden recommending cannabis reform is a step in the right direction.

Medmen owes a million dollars in rent and is arguing to a New York judge that they shouldn't owe any money since cannabis is federally illegal and their lease should be voided! Ah, the old, “I don’t owe you any money because you were stupid enough to trust someone as shady as me” defense :). The industry fears that if Medmen wins, it will be hard to convince New York landlords to work with cannabis clients out of fear they could just walk away from unpaid bills.

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I hope you have a sensational week!

Weekly News
Biden Pardons All Federal Simple MJ Possessions in Step toward Decriminalization More at
Ex-Trulieve Employees Speak Out Following Colleague's Death Tied To Kief Inhalation More at
Majority of US Supports Biden’s Pardons and Want Governors to Follow Suit, Poll Finds More at
New Research: Why Bees Love Weed and Why It Might Even Be Good for Them. More at
By Refusing to Issue Dispensary Licenses, Local Governments Are Propping up the Illicit Market More at
Cali’s Cannabis Company’s Default Highlights Debt Woes Facing State’s MJ Businesses More at
DEA Admits ‘Racial, Ethnic & Class Prejudice’ Led To Drug Criminalization, DEA Founding More at
As Maine Market Grows, It Attracts Out of State Attention More at
Cannabis Financier Arrested in $35M Fraud. Lied of Being Rich Harvard MBA & Veteran More at
Investors Jumped on Cannabis Stocks Following the President’s Announcement More at
Why Is Biden's Pardon Important For Latinxs And Latin America? More at
Medmen's Case Might Make NY Landlords Just Say No To Cannabis More at
Cool Finds
Hallucinogens & Native Spirituality Connecting with the Spiritual World More at
Tripping on Peyote in Navajo Nation- A Journalist Explores Psychedelics’ Therapeutics More at
Stocks and Startups Briefs

New Leaf Ventures (CSE: NLV) (OTC: NLVVD) announced its entry into a non-binding letter of intent to acquire High Profile Holdings Corp., a retail-focused private British Columbia cannabis company.

Biopharmaceutical Research Company ("BRC"), an Drug Enforcement Administration (DEA) pharmaceutical cannabis license holder, announced the completion of a $20M Series A fundraise.
Medical Marijuana (OTC: MJNA) — formerly GRN Holdings — entered an agreement to purchase assets from a hemp and natural wellness company for an undisclosed amount, with Bill Andreoli, the president of seller MFINITY Global, set to become the president of Medical Marijuana subsidiary, Kannaway, LLC.
Decibel Cannabis Company (TSX-V: DB) (OTCQB: DBCCF), a cannabis producer, announced an on-going supply agreement with Breath of Life International to launch Decibel’s Qwest brand and cannabis products in Israel.

Curaleaf Holdings (CSE: CURA) (OTCQX: CURLF) announced the completion of its previously announced acquisition of Tryke Companies (“Tryke”), a privately held vertically integrated, multi-state cannabis operator.

F1SeedTech and NewBreedSeed (NBS) announced that they have entered into a definitive agreement, with F1SeedTech acquiring 100% of the shares of NBS.
Constelation Blrands (NYSE:STZ) recorded a $1.1 billion writedown in the value of its investment in Canopy Growth, a cannabis producer it has a nearly 40% stake in.

Aurora Cannabis (NASDAQ: ACB) (TSX: ACB) announced that it has repurchased an aggregate of approximately $31.3 million (US$23.0 million) principal amount of its convertible senior notes at $29.8 million (US$21.8 million) in cash.