Purablis Weekly Global Cannabis and CBD News Roundup - The most important investment and industry news of the week

Global Cannabis and CBD News Roundup

Hi,

Governor Newsom has signed a bill allowing cannabis cafes in California, giving licensed dispensaries the green light to serve food and non-alcoholic drinks, and host live events! Meanwhile, the DEA is pushing to increase the production of psychedelics for clinical research to quench federal interest in studying substances like psilocybin for therapeutic use. Kamala Harris recently voiced her support for legalizing cannabis which surpasses Biden's goals. She and Trump both want that cannabis vote. ;) My hunch is that if elected, she will allow the DEA’s existing processes to continue, and it will probably be downgraded to Schedule 3 rather than full legalization.

Best Wishes,
Jessica

Weekly News

DEA Calls To Increase Production of Psychedelics For Clinical Research More at lucid.news...

Harris Says She Backs Legalizing Cannabis, Going Further than Biden More at thehill.com...

Newsom Signs Cannabis Cafe Law Backed by Whoopi Goldberg and Bill Maher More at sfgate.com...

Largest Ever Criminal Enforcement Action Targeting $1.3B Distributors of Pharma Opioids More at justice.gov...

Group behind Arkansas Medical Cannabis Amendment Sues over Ballot Rejection More at ualrpublicradio.org...

Cannabis Pill Reduces Agitation in Alzheimer’s Patients by 30% More at neurosciencenews.com...

Green Thumb Employees Have Buyers Remorse over Becoming a Union Shop More at greenmarketreport.com...

FBI: Over 200K Cannabis Arrests in 2023, Racial Enforcement Disparity Continues More at ganjapreneur.com...

Watchdog Blasts DEA for Not Reporting Waterboarding, Torture by Latin American Partners More at apnews.com...

Court: Ariz. Can’t Suspend Driver’s Licenses Due Solely to Cannabis in Blood More at tucson.com...

Auctioned Eaze Fires Back at Green Dragon Founders in Ongoing Litigation More at greenmarketreport.com...

Over 600 Americans Are Arrested Daily for Cannabis — Enough Is Enough More at norml.org...

Cool Finds

5 Crucial Differences between Amphetamine vs. Methamphetamine | Exploring the Impact More at youtube.com...

EU Drug Market: Amphetamine — In-Depth Analysis More at euda.europa.eu...

Stocks and Startups Briefs

10/03/24
Green Thumb Industries (OTC) agreed to a 50% wage increase after a 13-day strike at multiple dispensaries.
Eastern Band of Cherokee Indians withdrew support for a $64M loan for its medical cannbis program following a veto from Principal Chief Richard Sneed.
Green Thumb Industries (CSE) (OTCQX) reported $9.1M in profit and $249M in revenue for Q1 2023.
Entourage Health (TSX-V) (OTCQX) posted a decline in Q4 revenue to $12M, down from $13M in Q3.
Fernway reported strong 2024 Q3 results with $18.7M in revenue, a 15% YoY increase. The company also announced plans to expand into Connecticut, further growing its Northeastern U.S. footprint.

10/02/24
Justera Health [CSE] signed an agreement to acquire Port North in exchange for 80M shares at $0.02 each. Port North must maintain at least $150K cash on hand before closing.
Tilray Brands [NASDAQ] executives were cleared of allegations in a lawsuit accusing them of fraud in their 2019 deal with Authentic Brands. The case was dismissed by the judge.
IM Cannabis [NASDAQ] saw a 50% increase in sales in Germany, reinforcing the country’s growing significance to its European operations.

10/01/24
DC Cannabis Coalition filed a lawsuit targeting over two dozen unlicensed cannabis operators, aiming to shut down their illegal sales in the District of Columbia.
Ohio Medical Marijuana program reported patient satisfaction despite higher-than-average prices. A 2024 survey showed that 74% of patients were satisfied with the program.

09/30/24
Digicann Ventures [CSE] signed a reverse takeover agreement with 3Win Corp. 3Win shareholders will hold 97.3% of the merged entity’s shares, to be listed as Serewin Corp. on the CSE.

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