Alcohol Distributor Constellation Brands Buys Stake in Canopy Growth

Constellation Brands, the U.S. distributor of Corona beer and Svedka vodka, has agreed to take a 9.9 percent stake in Canopy Growth Corp., a Canadian medical cannabis company, for about US$191 million (C$245 million) the company announced in a press release. The announcement comes less than one year after Constellation CEO Rob Sands told Ad Age that the company was …

MJ Freeway Seed-to-Sale Software Suffers Outage Twice Last Week

MJ Freeway, the seed-to-sale firm used in several legal states, suffered an outage last Saturday and Monday, forcing some medical cannabis dispensaries to either suspend operations or record their sales by hand, according to a Philadelphia Inquirer report. The company confirmed to the newspaper that they had “observed performance issues” with their Tracker software. “All client sites were taken offline …

University of Florida Receives NIDA Grant to Explore MMJ Effects on HIV Patients

The National Institute on Drug Abuse has awarded a $3.2 million grant to the University of Florida to study the effects of medical cannabis for individuals suffering from HIV symptoms, according to a WTLV report. The study will be led by Dr. Robert Cook, a professor of epidemiology and medicine at the UF College of Public Health and health professions …

Arizona Approves First Drive-Thru MMJ Dispensary

Arizona’s first drive-thru medical cannabis dispensary open tomorrow in Sun City as a convenience service for the elderly and disabled, according to an AZFamily.com report. The dispensary, All Greens, will utilize the old drive-thru teller window of a remodeled bank to sell to its registered patients. Anthony Harrington, CEO of All Greens, said that the company had developed rules for …

Nevada Adult-Use Cannabis Sales Top $33M in Second Month

In an interview with the Cannabist, Nevada Department of Taxation head Deonne Contine disclosed the state had sold more than $33 million during its second month of adult-use sales – representing a 24 percent spike from the 27.1 million in sales in July. The revenues equate to $3.35 million in tax revenues derived from the recreational market and a combined …

Two Canadian Firms Fully Licensed to Cultivate & Process MMJ in Colombia

Canada-based Khiron Life Sciences Corp. and PharmaCielo Ltd. are the first companies to be granted full licenses to produce and process medical cannabis products in Colombia. Both companies are able to cultivate and process products containing unrestricted percentages of THC and CBD. Having received all three requisite licenses to operate in the country, Khiron Colombia SAS, the Canadian firm’s Colombian …

Michigan Relocates & Adds New MMJ Education Session Due to Strong Interest

The interest in Michigan’s state-sponsored medical cannabis industry educational sessions has been so great that regulators are moving one class to a larger venue and a sixth session has been added. According to a Detroit Free Press report, nearly 2,000 people have pre-registered for classes so far. The Nov. 8 session has been moved from Oakland Community College in Farmington …

Cannabis Sales in Washington Reach $1B So Far in 2017

According to new figures by the Washington State Liquor and Cannabis Board, cannabis sales in the state have reached more than $1 billion this year, bringing in more than $300 million in excise taxes. The data represents sales through September. Monthly sales in the state have reached more than $130 million. The WSLCB data shows that cultivators have grown nearly 367,000 …

Biotech Startup Awards Grant to Cannabis Pioneer to Explore CBD as Asthma Therapy

CIITECH, a cannabis biotech startup developing Israeli cannabis products in the United Kingdom and European Union, has awarded research funding to two Hebrew University scientists to explore the possible effects of CBD on asthma. The Hebrew University team includes asthma researcher Francesca Levi-Shaffer and Raphael Mechoulam, who is credited with discovering the endocannabinoid system. “We know that CBD has anti-inflammatory …

Arizona Judge Rules Extracts Fall Outside MMJ Law, Appeal Expected

A ruling by Navajo County Superior Court Judge Dale Nielson could force Arizona dispensaries to stop selling vape cartridges, cannabis oils, and edibles, according to a Phoenix New Times report. Nielson’s ruling comes in the case of a 26-year-old registered medical cannabis patient who was arrested for cannabis possession after officers discovered the processed products. “After review of the statues …