Cannabis News Today – June 26th, 2024

Welcome to “Cannabis News Today,” a summary of the stock and regulatory updates for the Cannabis Industry.

Organigram Invests in Sanity Group

Organigram Holdings Inc. (NASDAQ: OGI, TSX: OGI) has made a strategic investment in Sanity Group, a leading cannabis company in Germany. In addition to the ownership, Organigram is expecting larger flower orders from Sanity. Read all about it on the TDR Website!

Brazil Moves to Decriminalize Marijuana for Personal Use

The Brazilian Supreme Court has taken significant steps toward decriminalizing marijuana for personal use. This landmark decision could reshape the country’s approach to cannabis and influence other Latin American nations. Read all about it on the TDR Website!

RIV Capital Strengthens Leadership Ahead of Merger

RIV Capital (CSE: RIV) (OTC: CNPOF) has announced the appointment of David Vautrin as Chief Retail Officer (“CRO”) of RIV Capital to strengthen its senior leadership team in preparation for an anticipated transformational merger. The company aims to enhance its strategic capabilities and drive future growth in the competitive cannabis market.

Rose LifeScience Upgrades Quality of Top-Selling Products

Rose LifeScience has announced a quality upgrade to its top-selling product line, Pure Laine Big Pleasures. The company expects the enhancement to generate additional revenue. Rose LifeScience is majority owned by Village Farms International (NASDAQ: VFF). 

Oregon Representative Optimistic About Cannabis Rescheduling

Representative Earl Blumenauer of Oregon has expressed optimism about the potential rescheduling of cannabis, viewing it more positively than the Farm Bill. Blumenauer’s support highlights growing political momentum for federal cannabis reform, first reported in the Green Market Report.

Hawaii Governor Signs Marijuana Expungement Bill

Hawaii Governor Josh Green has signed a bill establishing a marijuana expungement pilot program into law. The program aims to clear certain cannabis-related criminal records, promoting social equity and justice reform, first reported on Marijuana Moment.

GOP Panel Moves to Block Marijuana Rescheduling

A GOP congressional panel is working to block the rescheduling of marijuana while amending a medical cannabis rider to include penalties for sales near schools. This development signals ongoing political contention over federal cannabis policies.

Arkansas Judge Upholds Medical Cannabis License Revocation

An Arkansas judge has upheld the state’s first revocation of a medical cannabis license. This decision underscores the importance of regulatory compliance in the evolving medical marijuana landscape.

Minnesota Opens Social Equity Cannabis Business Licenses 

Minnesota has begun accepting applications for social equity business licenses in the cannabis industry. This initiative aims to promote inclusivity and support for communities disproportionately affected by past cannabis prohibition policies.

Read more cannabis news on the TDR Website!

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