Welcome to the Cannabis Countdown. In this week’s rendition, we’ll recap and countdown the top 10 marijuana industry news stories for the week of October 21st – 27th, 2019.
Without further ado, let’s get started.
Germany Legalized Medical Marijuana in 2017, by 2018, There Were Already Roughly 60,000 Patients
Prohibition Partners, a European research firm focused on the cannabis industry, has released the first edition of “The Germany Cannabis Report,” a 58-page study in which the organization analyzes the landscape of the German cannabis market.
Ontario Cannabis Retail Corp. Reported a $42 Million Loss in its First Year of Operation
Ontario’s cannabis agency is looking at ways to boost the private sector’s role in the wholesale distribution of cannabis amid industry concerns that the provincial wholesaler is stocking products that consumers don’t want at prices that can’t compete with the black market.
U.S. Health Officials Have Reported 1,299 cases of Lung Injuries and 26 Deaths
The regulation of cannabis vape pens in Canada arrives in the middle of widespread concern over an outbreak of serious lung ailments and deaths linked to vaping.
The Ruling Stems From a Plea From Northern California Small Business Assistants, Which Received a $1.5 Million IRS Tax Bill
The U.S. Tax Court again ruled that Section 280E of the Internal Revenue Service (IRS) tax code is constitutional and cannabis companies aren’t entitled to common business deductions.
37,000 New Patients Registered in the Fiscal Year Ending June 30, Following Changes in the Law That Expanded Access
More than 87,000 patients have qualified for the program since medical cannabis dispensaries opened in November 2015, according to The Register-Mail, and 37,000 new patients registered in the fiscal year ending June 30, which is a 93% increase and exceeds the number of patients who signed up in any other fiscal year.
Will Some be Renegotiated – or Even Abandoned?
Chicago-based Cresco Labs (CSE: CL) (OTCQX: CRLBF) said Wednesday its proposed acquisition of Canada-based Origin House (CSE: OH) (OTCQX: ORHOF) had cleared a key hurdle after the “waiting period” for federal antitrust review of the deal had expired under the Hart-Scott-Rodino law.
Black Market THC Products are now a Public Health Problem Because Regulations Haven’t Kept Up
As this data has emerged, the outbreak is looking less like a story about general vaping risks and more about the harms of vaping certain THC products.
Gallup Poll Says 66% of Respondents Endorse Legalization
A super-majority of Americans, including majorities of Democrats, Republicans and Independents, support making marijuana use legal in the United States, according to nationwide polling data compiled by Gallup.
New Vaping Report by GMP Securities Includes Detailed Discussions with Industry Experts
GMP Securities released a new report this week detailing the vape crisis and its potential impact on the United States cannabis market.
If Elected, 2020 Presidential Candidate Bernie Sanders Vows to Legalize Cannabis in First 100 Days in Office
This past Thursday at 4:20 pm EST, 2020 Presidential Candidate Senator Bernie Sanders released a comprehensive plan to legalize cannabis nationwide in the United States.
Move Over Curaleaf, There’s a New MSO in Town and it’s Set to Hit The Street Soon
Get the full details here so you don’t miss out on the next potential 10 bagger.