In a week with comparatively handful of cannabis news things, Florida state Rep. Shevrin Jones filed a bill to decriminalize the possession and delivery of cannabis the Mexican government announced a public hearing to go over the legalization and regulation of cannabis Josh Kushner’s Thrive Capital entered the marijuana space, top the closing of a $35-million Series B funding round for cannabis wholesale marketplace LeafLink and KPMG withdrew its CannTrust Holdings Inc (NYSE: CTST) economic statements for 2018 and 2019, a handful of weeks just after the organization was involved in a licensing scandal in Canada.
CannTrust shares spiked Friday, closing the day up extra than 43.five%.
In other news, Canada-primarily based TerrAscend Corp (OTC: TRSSF) (CSE:TER) announced it is acquiring Pennsylvania-primarily based Ilera Healthcare in a transaction valued among $125 million to $225 million.
TerrAscend is a portfolio organization of Canopy Rivers Inc (OTC: CNPOF), the investment arm of Canopy Development Corp (NYSE: CGC).
Arcadia Biosciences (NASDAQ: RKDA) announced a hemp solutions joint venture, Archipelago Ventures, involving Shane Victorino, a former MLB player and son of Maui Mayor Mike Victorino. Vapen CBD, a subsidiary of Vapen MJ Ventures Corp (OTC: VAPNF) will help in the building and operation of Archipelago’s Hawaiian hemp extraction facilities.
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U.S. senator and Democratic presidential candidate Bernie Sanders appeared on Joe Rogan’s podcast and mentioned that, if elected president, he would legalize marijuana federally.
“You can argue the pluses and minuses of marijuana, but marijuana ain’t heroin. So we have to finish that. That is what I will do. As president of the United States, I think we can do that by way of executive order. And I will do that,” he mentioned.
Regardless of a “bear market place,” the cannabis sector saw indicators of life due to earnings reports from Aphria and GW Pharmaceuticals, Green Market place Report CEO Debra Borchardt told Benzinga.
“Earlier in the week, Aphria delivered a sales quantity that lifted the complete group and then GW Pharm reported sturdy Epidiolex sales. The fantastic news was welcomed by investors, and even although stocks struggled along with the broader market place, it was a substantially-necessary optimistic move.”
More than the final 5 trading days:
• The Horizons Marijuana Life Sciences Index ETF (OTC: HMLSF) (TSE:HMMJ) gained…