Global Cannabis and CBD News Roundup YouTube

The LA Times is working to investigate illicit grows. They discovered human trafficking and used satellite imagery to show the state that illicit grows vastly outnumber the licensed ones.

To encourage people to dismiss their negative stereotypes of cannabis users, I inform them that the world’s biggest buyer of cannabis is the German government. Not only does this surprise people, but it challenges the Germans’ reputation for being square. :) Germany seems to be reducing its dependence on Canadian cannabis as it looks to European sources.

Florida law dictates that there should be 22 more dispensaries than currently exist to keep up with the number of patients. Unfortunately, Governor DeSantis isn't a fan. New York also postponed their timeline for the launch of cannabis sales.

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Have a rad week!

Weekly News
Nobody Knows How Widespread Illegal Cannabis Grows Are in California So We Mapped Them More at
Judge Criticizes Florida for Not Granting More Medical Cannabis Licenses More at
German Cannabis Imports Growing as Canada’s Leading Share Wanes More at
NY’s Timeline for Legal Cannabis Sales Has Shifted in a Major Way More at
The Reality of Cannabis in California: Huge Illegal Grows, Violence, Worker Exploitation and Deaths More at
Raids on Black Market Cannabis Farms Uncover Human Trafficking Victims More at
Nearly 43 Percent of Young Adults Used Cannabis in 2021 More at
Cannabis Companies Lay off Hundreds, Retrench amid Economic Woes More at
Several State Cannabis Legalization Initiatives Could Make Fall Ballot More at
First Industrial Hemp Farm Begins Harvesting Hemp Seeds in Idaho More at
Congressman Showcases Cannabis Gummies To Promote ‘DANK Cannabis Research’ Bill More at
Canadian Cannabis Stocks Dumped by World’s Largest Sovereign Fund More at
Cool Finds
Forever Chemicals - If You Don’t Know, Now You Know I the Daily Show More at
Did the Du Pont Family Catalyze Cannabis Prohibition? More at
Stocks and Startups Briefs

Juul Labs agrees to pay more than $438M to Settle vaping probe.
Harvest One Cannabis (TSXV: HVT) (OTC: HRVOF) plans to operate under a new name having received regulatory approval from the Toronto Stock Exchange.
TGOD sold its interest in HemPoland to RAMM Pharma Corp. for $1.2M, in addition to a $150K nonrefundable deposit provided in July used for operating expenses in HemPoland.

Verano Holdings (CSE: VRNO) (OTCQX: VRNOF) closed its deal to buy WSCC, known as Sierra Well, for $29M.
Icanic Brands (CSE: ICAN) (OTCQB: ICNAF) posted mixed results, touting record revenues for the quarter and racking up $15M in losses.
MariMed (CSE: MRMD) (OTCQX: MRMD) appointed Jon Levine as president, effective immediately.

Cresco Labs (CSE: CL) (OTCQX: CRLBF) finalized a sale-leaseback arrangement with Aventine Property Group for a facility in Pennsylvania, earning Cresco $45M in cash.
The 1937 Group , a minority-owned cannabis company in Illinois, simultaneously raised $17M and warned of an Industry ‘collapse’ within the state.
Ayurcann Holdings (CSE: AYUR) (OTCQB: AYURF) (FSE: 3ZQ0), a Canadian cannabis extraction company closed its acquisition of Joints and Hustle & Shake for C$5.5M.
Medical Marijuana (OTC: MJNA) announced that its subsidiary, Kannaway, has signed a distribution agreement with Complete Hemp Technologies (CHT) to expand into the European market.

Cilo Cybin Holdings (Cilo Cybin) has received the go-ahead to list Africa’s first Cannabis focused Special Purpose Acquisition Company (SPAC) on the Main Board of the Johannesburg Stock Exchange (JSE).
Greenfern Industries (NZX:GFI) has kicked off an NZD $1.2M offer to wholesale investors, trying to raise up to $5M.