California governor Newsome redeploys National Guard troops to combat the marijuana black market. The move is welcomed by legal growers, but will it actually crack down on international cartels?
In Beverly Hills, cannabis goes lux. Retail giant Barneys gets in on the cannabis industry. The High End, their luxury head shop within a shop will offer a variety of CBD-infused beauty products and high-end smoke and vape accessories.
Medicine Man Technologies agrees to acquire cannabis research firm MedPharm, putting them in a prime position for expansion in South America. Why they might be on their way to becoming the next dominant global operator.
More news out of California: Craft cannabis firm Flow Kana closes hundred and twenty five million dollar funding round, breaking the U.S. record.
In Canada, Green Growth brands enters the Arizona market with the twelve million dollar acquisition of Desert Rose, a retail, cultivation, and infusion company. How they hope to become one of the country’s leading multi-state operators with their strategy of favoring large sales volume and high productivity assets.
And in international news, Colombia’s first-ever export of medical cannabis is set to ship to Canada for analytical testing. The move intends to kickstart Colombia’s marijuana growing industry, where conditions are ideal, while simultaneously helping establish Canada as a top destination for testing.
And finally: the race to become Europe’s marijuana cultivation hub. With the EU poised to become the world’s biggest MMJ market, Greece surpasses Denmark in investment capital, with Portugal and Israel also in the mix. As patient counts grow and restrictions are lifted, the race to the top is on.
The Cannabis Newsroom is a weekly news program aimed to focus on current cannabis events across the nation and internationally.
Directed by: Micah Tatum @arbitrageent
News Anchor: Jacqui Verdura
Distributed by: Cannabis Broadcast Station/ Infinity Broadcast Network Sponsored by: Infinity Inc.
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