News

10
May
2019

Hemp processing plant in Conover to be sold

A CBD-extracting plant in Conover is expected to become part of a Canadian-based health and wellness company that is already a player in the legal cannabis industry. Conover hemp processing plant Sugarleaf Labs LLC will be purchased by Neptune Wellness Solutions this summer, according to a Thursday press release. Sugarleaf’s 24,000-square-foot facility is capable of

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8
May
2019

ISRAELI MEDICINE COMPANY AIMS TO MANUFACTURE CANNABINOID-PRODUCING CELLS

If successful, the cannabis industry would shift from agriculture-based growing into a full 3-D cell culturing platform for growing and expanding cannabinoid-producing cells. Pluristem Therapeutics, best known for developing novel placenta-based cell therapy products, announced May 6 that it has filed a US provisional patent application titled “Methods and Compositions for Producing Cannabinoids,” which covers

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8
May
2019

Can Santa Barbara County become cannabis king? Economist says growing pot offers opportunities

Santa Barbara County could become one of the nation’s leading cannabis sources, providing an opportunity for those already being squeezed out of other crops by competition and costs, based on an economist’s review of issues delivered Tuesday at the North County Economic Summit in Santa Maria. Peter Rupert, executive director of the UCSB Economic Forecast

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8
May
2019

Many traditional VCs are hesitant to buy into cannabis startups, but these investors are taking the plunge

Venture capital is upping its tolerance for cannabis investments. At DCM’s CannTech conference in San Francisco on Tuesday, Casa Verde Capital Manager Partner Karan Wadhera spoke about the hurdles facing venture firms that want to invest in cannabis startups but have partners that are not yet comfortable wading into the murky legal waters. “Every major

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