Federal Banks are now Working with Cannabis Companies in Greater Numbers

Federal Report Shows That More Banks Are Now Welcoming Cannabis Businesses Banking has always been a major hurdle for legal cannabis businesses. Due to the cannabis’s status as a Schedule 1 substance, financial institutions including banks and credit unions, want nothing to do with pot businesses because of the burden…

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A cannabis Coke and a smile? Colorado companies hoping to tap infused beverage craze

When Coca-Cola publicly announces it is sizing up business opportunities in an industry, people take notice. That was the case in mid September when Coke — the world’s largest beverage company with a market cap north of $ 211 billion — said it was keeping an eye on cannabis infused…

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How Alcohol Companies are Dealing with Cannabis Legalization

How Alcohol Companies are Dealing with Cannabis Legalization If there are two comparable recreational substances on the market – it’s alcohol and tobacco. I know some of you are quietly raging about that statement. “Alcohol and Cannabis are NOTHING ALIKE!” That is true, the substances are completely different. The safety…

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Colorado medical marijuana companies embroiled in federal patent dispute

A Colorado cannabis company has filed a patent-infringement lawsuit in Denver federal court claiming a rival in Conifer filched its cannabinoid medical product formula. United Cannabis Corporation of Golden (UCANN) filed the lawsuit in Denver U.S. District Court Monday against Pure Hemp Collective Inc. of Conifer. The lawsuit seeks an injunction…

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Canadian cannabis companies go global in $670 million deal

Published: Jan 29, 2018, 4:25 pm • Updated: Jan 29, 2018, 4:25 pm By Kristine Owram and Jen Skerritt, Bloomberg News Another day, another near-billion-dollar deal in Canada’s marijuana industry. Aphria Inc. agreed to buy Nuuvera Inc., a global cannabis company based in Brampton, Ontario, for about C$ 826 million…

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Canadian cannabis companies duke it out in hostile takeover bid

Published: Dec 12, 2017, 10:35 am • Updated: Dec 12, 2017, 10:46 am By Jen Skerritt, Bloomberg The takeover battle between two Canadian medical marijuana producers is turning more acrimonious as CanniMed Therapeutics Inc. is raising new concerns that securities laws may have been violated by Aurora Cannabis Inc.’s C$…

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FDA sends warning letters to CBD companies, including Colorado’s CW Hemp

Published: Nov 1, 2017, 11:40 am • Updated: Nov 1, 2017, 11:48 am By Alicia Wallace, The Cannabist Staff The Colorado company known for the “Charlotte’s Web” cannabidiol extract and three other businesses that make CBD products were put on notice by the FDA for illegally making unsubstantiated health claims.…

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Pennsylvania, Kentucky counties sue drug companies over opioid marketing

Published: Sep 22, 2017, 9:04 am • Updated: Sep 22, 2017, 10:18 am By The Associated Press MEDIA, Pa. — A southeastern Pennsylvania county sued 11 pharmaceutical companies Thursday for marketing tactics that county officials say misrepresent the dangers of long-term opioid usage while a national overdose crisis continues to…

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Study: Doctors received more than $46 million from opioid companies

Published: Aug 10, 2017, 11:47 am • Updated: Aug 10, 2017, 11:47 am By Katie Zezima, The Washington Post One in 12 doctors has received money from drug companies marketing prescription opioid medications, according to a study released Wednesday afternoon. Researchers at Boston Medical Center found that from 2013 to…

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A look at Denver’s Levitt Pavilion, funded in part by $250,000 donation from marijuana companies

Published: Jul 20, 2017, 3:12 pm • Updated: Jul 20, 2017, 3:20 pm By The Cannabist Staff Denver’s new Levitt Pavilion isn’t just a sparkling crown jewel in the Mile High City’s music scene. When the 17,000-person outdoor amphitheater opens for its inaugural concert Thursday night, it will also mark…

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