News

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

read more

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

read more

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

read more

7
May
2019

New Zealand to vote on cannabis legalization

New Zealanders will be able to vote on whether they want to legalize cannabis in a referendum next year. The draft law under consideration would allow people over the age of 20 to purchase the drug. New Zealand will hold a referendum on legalizing cannabis during the 2020 general election, the government announced Tuesday. Justice

read more

7
May
2019

Canada’s roadside drug tests can’t tell the difference between tea and cocaine

The reliability of Canada’s only federally approved device for roadside cannabis impairment testing has been thrown into question after a Vancouver lawyer determined the device is easily duped, writes Calvin Hughes. While preparing to roll out cannabis legalization in October of 2018, the Canadian government introduced a new roadside cannabis impairment testing device called the

read more

7
May
2019

Medical marijuana growers see budding opportunity in legalizing recreational pot

A medical marijuana cultivation center in Elk Grove Village is financially banking on the state legalizing recreational marijuana — expanding its grow operation and building a lab to process marijuana products in anticipation of what will undoubtedly become a booming industry should it pass. Illinois Grown Medicine in the northwestern suburb is confident it will

read more

2
May
2019

Chinese blockchain firm swaps Bitcoin for cannabis in search of new highs

Following the effects of the crypto-winter, one Chinese firm has been forced to diversify its business model away from blockchain. It’s chosen industrial hemp as the next addition to its portfolio. Grandshores Technology has historically invested in blockchain-based infrastructure and hardware but is shaping up to buy a 40-percent stake in Chinese industrial hemp producer

read more