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Cannabis News Today – June 25th, 2024

Welcome to “Cannabis News Today,” your daily summary of significant happenings in the Cannabis Industry.

Curaleaf Launches New Hemp-Derived Product Line

Curaleaf

Curaleaf (TSX:CURA, OTCQX:CURLF) has announced the launch of its new hemp-derived product line and a direct-to-consumer e-commerce marketplace. This initiative aims to broaden Curaleaf’s market reach and provide consumers with a convenient way to purchase hemp-based products online. Read all about it on the TDR Website!

UN Calls for End to War on Drugs

A top United Nations health official has urged countries to replace the war on drugs with alternative regulatory approaches. The UN emphasizes a shift towards policies that prioritize health and human rights, calling the war on drugs a significant contributor to human rights violations and social inequality​ (OHCHR)​​​. Read all about it on the TDR Website!

Dan Ahrens Discusses MSOS ETF and Cannabis Market Trends

In the “Trade to Black” podcast, Dan Ahrens of AdvisorShares discussed the impact of federal reform and the farm bill on the hemp market, emphasizing the significance for MSOs like Curaleaf (TSX:CURA, OTCQX:CURLF) and TerrAscend (TSE: TSND, OTCQX: TSNDF) due to their readiness for uplisting. He also noted Tilray’s (NASDAQ: TLRY, TSX: TLRY) missed opportunity in entering the hemp-derived beverage market earlier. Read all about it on the TDR Website!

Louisiana Moves on Marijuana and Hemp Regulation

Louisiana Governor John Bel Edwards has signed bills to decriminalize marijuana paraphernalia and regulate hemp products. This legislative change aims to streamline the state’s approach to marijuana-related offenses and ensure proper regulation of hemp-derived products​​.

Pennsylvania Lawmakers Push for Marijuana Legalization

Pennsylvania legislators suggest that marijuana legalization could advance imminently, driven by the pressure from neighboring states’ legal markets. This development indicates a growing momentum towards reforming cannabis laws in the state​​.

Iowa Hemp Drink Makers Sue Over New THC Limits

In Iowa, hemp drink manufacturers have filed a lawsuit against the state over new THC limits. The producers argue that the restrictions are detrimental to their business and challenge the state’s regulatory changes​​, first reported on Law 360.

Tentative Ruling in Glass House Illicit Market Case

A tentative court ruling has dismissed a lawsuit alleging illicit market dealings by Glass House (OTCQX: GLASF, GHBWF). The court found insufficient evidence to support claims of the company’s involvement in illegal activities​​, first reported on Green Market Report .

Software Effective Solutions Corp. to Export CBD Buds to Switzerland

Software Effective Solutions Corp. is collaborating to begin exporting CBD buds to Switzerland. This marks a significant step in expanding their international market presence​​.

MedMen Creditors Face Financial Losses

Documents from trustees and receivers indicate that MedMen (OTC: MMNFF) creditors are likely to lose millions. The company’s financial troubles have left creditors in a difficult position as they navigate the fallout​​.

Chinese Marijuana Farms in New Mexico

Reports have surfaced about Chinese-owned marijuana farms operating in New Mexico. These farms have raised concerns over legality and labor practices, prompting investigations into their operations​.

Read more cannabis news on the TDR Website!

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