Tag Archives: Reuters

Judge Dismisses Lawsuit Challenging Federal Cannabis Prohibition

Judge Dismisses Lawsuit Challenging Federal Cannabis Prohibition

Judge Dismisses Lawsuit Challenging Federal Cannabis Prohibition

A United States District Judge has dismissed a lawsuit that sought to overturn federal cannabis prohibition.

Aurora Cannabis to Buy Rival to Create World's Most Valuable Weed Firm

Aurora Cannabis to Buy Rival to Create World’s Most Valuable Weed Firm

Canada’s No. 2 marijuana producer Aurora Cannabis Inc has agreed to buy smaller rival CanniMed Therapeutics Inc for C$1.1 billion ($852 million) as companies jostle to benefit from the country’s legalization of recreational marijuana use later this year.

Canadian Cannabis Firm Aurora in Talks to Buy Both CanniMed and Newstrike

Cannabis Firm Aurora in Talks to Buy Both CanniMed and Newstrike

Canadian marijuana producer Aurora Cannabis Inc (ACB.TO) is in talks with rivals CanniMed Therapeutics Inc (CMED.TO) and Newstrike Resources Ltd (HIP.V) to buy both businesses in a friendly deal that would create the nation’s top weed company, people familiar with the matter told Reuters on Friday.

California Approves Commercial Insurer's Offering of Cannabis Business Insurance

California Approves Commercial Insurer’s Offering of Cannabis Business Insurance

It looks like the California Insurance Commissioner has taken a pivotal step for the state’s cannabis industry. On Nov. 2, 2017, Dave Jones approved a commercial insurer’s offering of cannabis business insurance for the first time.

Marijuana Use Holds Three-Fold Blood Pressure Death Risk: Study

Marijuana Use Holds Three-Fold Blood Pressure Death Risk: Study

People who smoke marijuana have a three times greater risk of dying from hypertension, or high blood pressure, than those who have never used the drug, scientists said on Wednesday.

Going to college may increase risk of marijuana use

Going to College May Increase Risk of Marijuana Use

College is increasingly a gateway for young adults in the U.S. to begin using marijuana and the risk keeps growing the more “normalized” pot use becomes, researchers say.

Peruvian Attitudes Toward Medical Marijuana Shift After Raid on Moms' Lab

Peruvian Attitudes Toward Medical Marijuana Shift After Raid on Moms’ Lab

Peru is a conservative nation with strict drug laws and a politically right-leaning Congress, but when police raided a lab in which mothers made medical marijuana for their sick children, attitudes began to change, according to a March 2, 2017, article by Reuters.

Houston area to decriminalize some low-level marijuana possession

Houston Area to Decriminalize Some Low-Level Marijuana Possession

More than two dozen U.S. states have legalized some form of marijuana for medical or recreational use, but the drug remains illegal at the federal level and in Texas. On Thursday, Houston officials announced the city will decriminalize low-level marijuana possession.

Legal pot growers to drive up California warehouse rates

Legal Pot Growers to Drive Up California Warehouse Rates

Shares of industrial warehouse companies such as Prologis Inc, Rexford Industrial Realty Inc and Terreno Realty Corp that have significant exposure to the California market should benefit even if they do not lease to marijuana companies directly, fund managers and analysts say.

U.S. senators seek to protect banking for pot business vendors

United States Senators Seek to Protect Banking for Pot Business Vendors

The U.S. government should keep banks from cutting off the accounts of vendors who work with state-sanctioned marijuana businesses, 10 U.S. senators said in a letter to the Treasury on Wednesday.

AR: Voters could legalize marijuana for quarter of all Americans

Voters Could Legalize Marijuana For Quarter of All Americans

Potential victories in Arizona, Nevada, Massachusetts and Maine would fill in much of the rest of the West and extend recreational use to the Northeast. Opinion polls show voters favoring the initiative in all five states.In addition, measures to legalize medical marijuana or expand its use are on the ballot in North Dakota, Montana, Arkansas and Florida.

Defendant in Opioid Kickback Case Claims Right to Smoke Pot

Defendant in Opioid Kickback Case Claims Right to Smoke Pot

A U.S. ex-pharmaceutical sales representative accused of paying kickbacks to induce doctors to write prescriptions for an opioid drug is asserting he has a constitutional right to continue smoking marijuana so he can remain clear-headed for his defense. “It is a very creative defense,” said Keith Stroup, the legal counsel and founder of NORML, a

Election Could Create Flood of Marijuana Cash With No Place to Go

Election Could Create Flood of Marijuana Cash With No Place to Go

The prospect for a market of such scale is adding urgency to calls for a national approach to marijuana that expands banking options. Law enforcement and Federal Reserve officials have expressed concern about the fraud and crime associated with un-bankable cash.

Arkansas court strikes down a medical marijuana proposal on ballot

Arkansas Court Strikes Down a Medical Marijuana Proposal on Ballot

Voters in the Nov. 8 election in Arkansas will still be able to vote on a separate measure that would allow for the regulated use of marijuana for certain medical conditions, where a state commission oversees plant growth and marijuana distribution.

Federal marijuana ban deters insurers as U.S. states legalize

Federal Marijuana Ban Deters Insurers as U.S. States Legalize

The legal use of marijuana could increase substantially by the end of the year as several U.S. states, including California, vote on its use for recreational or medical purposes. This could open new markets for insurance coverage in areas including property and casualty and health.

Canadian college to launch marijuana cultivation course

Canadian College to Launch Marijuana Cultivation Course

A college in the Atlantic Canadian province of New Brunswick plans to institute a program on marijuana cultivation so that students can be trained to work at local companies that produce the drug, a school official said on Tuesday. The French-language College Communautaire du Nouveau-Brunswick will launch the course sometime next year, said Michel Doucet,

GWPH Riding High: Stock Rises on Clinical Trial's Positive Results

GWPH Riding High: Stock Rising on Clinical Trial’s Positive Results

On Sept. 26, 2016, GW Pharmaceuticals (Nasdaq:GWPH), a biopharma company with two promising cannabis-based medications, announced positive results for its third study in the United States on the efficacy of Epidiolex, its experimental CBD-based drug, in treating seizures associated with Lennox-Gastaut syndrome.

Third win for cannabis drug in epilepsy sends GW to record high

Third Win for Cannabis Drug in Epilepsy Sends GW to Record High

An experimental cannabis-derived drug has successfully treated children with severe epilepsy in a third late-stage clinical trial, sending shares in Britain’s GW Pharmaceuticals to a record high on Monday.

Canada to Challenge US Travel Ban for Canadians Who Admit Cannabis Use

Canada to Challenge US Travel Ban for Canadians Who Admit Cannabis Use

On Sept. 9, 2016, Ralph Goodale, Canada’s Minister of Public Safety and Emergency Preparedness, announced that Canada will challenge the United States to change a border policy that U.S. border agents have used to ban travel into the U.S. for Canadians who admit cannabis use.

Exclusive: GW Pharmaceuticals Hires Investment Bank Following Approaches - Sources

Exclusive: GW Pharmaceuticals Hires Investment Bank Following Approaches – Sources

GW Pharmaceuticals Plc (Nasdaq:GWPH), a developer of marijuana-based epilepsy treatments, is working with an investment bank after other drugmakers approached it to express interest in an acquisition, people familiar with the matter said.

Fed's Williams Sees 'Unsustainable Tension' on Pot-related Banking

Fed’s Williams Sees ‘Unsustainable Tension’ on Pot-related Banking

As more and more states legalize the use of marijuana, which is banned under U.S. federal laws, banks are facing “unsustainable tension” that needs to be resolved by Congress, San Francisco Fed President John Williams said on Tuesday.

teen

Teen Use of Marijuana Slips Lower in Colorado

Teen use of marijuana in Colorado has slipped lower despite the state’s legalization of recreational pot for adults. However, according to the latest biannual survey by the Colorado Department of Public Health and Environment, high school students’ use of marijuana slightly decreased after the state allowed licensed retailers to sell pot in 2014.


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