American Cannabis Operator Stocks Soar 27% in July
Adding to a 29% gain in Q2 despite a pullback in June, the American Cannabis Operator Index rocketed higher in July, increasing 26.7% to 34.53.
During July, the index included 16 companies, including 13 multi-state operators (MSOs) and 3 focused solely on CBD extracted from industrial hemp. 11 companies posted double-digit percentage gains, with three gaining more than 50%.
CNMI marijuana industry opens Aug. 4
The Commonwealth of the Northern Mariana Islands’ Cannabis Commission will begin accepting commercial and noncommercial applications Aug. 4.
Jim Belushi Brings Cannabis Series To Discovery Channel
In a new reality series entitled Growing Belushi, as announced by Deadline, the actor-turned-farmer will offer a fly-on-the-wall look into his burgeoning cannabis empire and the personal journeys of Belushi, his family, and employees. Set to release on August 19, the series will mark Belushi’s first appearance as a lead star in a reality program.
West Hollywood Consider Cannabis Apartment Ban
On August 3, West Hollywood’s City Council will weigh a proposal banning the use of cannabis in apartment buildings. City Council will meet on Monday and decide whether to put the ban in place. The ban would start a register of all the apartment units in West Hollywood and their smoking status. The ban has garnered some pushback from cannabis advocates.
Champion surf life saving stalwart John Elsmore banned for nine months after positive cannabis test
Wellington’s Lyall Bay Surf Life Saving Club will be stripped of a national title after its former club captain tested positive to cannabis.
John Elsmore has been suspended for nine months by the Sports Tribunal in a decision made public by Drug Free Sport New Zealand (DFSNZ) on Monday.
Couche-Tard’s $25.9 Million Investment in Cannabis Retailer Fire and Flower
Davies assisted its client, Alimentation Couche-Tard Inc., in accelerating its move into Canada’s flourishing cannabis sector through a strategic investment in Fire & Flower Holdings Corp., a leading independent cannabis retailer based in Edmonton, Alberta.
Couche-Tard’s initial $25.9-million investment, which was subject to regulatory approvals, gave it rights to 9.9% of Fire & Flower’s equity and the potential to increase its stake to 50.1%.
Study: Women Who Use Marijuana Regularly Have Better Sex
A new study published in the journal Sexual Medicine compiled data from over 400 women who consumed marijuana on a regular basis and found that frequent cannabis use was linked with higher arousal, better orgasms and more sexual satisfaction overall.
Pelosi Pushes Marijuana As Therapy For COVID Patients
During her weekly press conference on Friday, House Speaker Nancy Pelosi (D-CA) defended the fact that the House has included cannabis in its coronavirus legislation, adding that marijuana “is a therapy that has proven successful” and is related to aiding COVID-19 patients.
Myanmar fast-tracks legal hemp
A plan to legalize hemp production is in the works in the Pyithu Hluttaw, or House of Representatives, where Myanmar’s rural development committee is coordinating with the agriculture ministry to trial its use for a variety of commercial products. The committee is drafting the legislation necessary to legalize hemp.
Clinical trials suggest prescribed CBD doses could help pot addicts slowly desist the habit
According to the latest study released in the journal Lancet Psychiatry, certain prescribed doses of the cannabis plant’s non-intoxicating constituents could prove to be effective in helping people refrain from CBD addiction in a gradual process. The Medical Research Council funded the trial, which was conducted by a proficient team of UK researchers at the University of Bath (UK).