This week in Canada, the CEO from one of the largest cannabis businesses in the world just announced that he’s leaving the company and the country might be in for a major stock market crash.
Down in the United States, three bills are making their way through congress that will simplify the cannabusiness licensing process. Also, as the industry continues its rapid expansion across the globe, have you considered getting an official cannabis education? All that and more in this week’s Cannabis Business Weekly Review and Newsletter.
Canadian-based Canopy Growth Corporation announced last week that their co-CEO Bruce Linton will be “stepping down” from his position with the company. Linton clarifies that he was let go. As he stated in a press release, “The Board decided today, and I agreed, my turn is over.
In the ideal medical cannabis industry, there would be standardized medicine, but the nature of the plant makes this difficult to achieve. “For pharma companies, isolates are the gold standard, but there is variability with cannabis due the to the different cannabinoids, plant strains, the terpenes and the flavonoids and this means we have to do more work to understand this entourage; the genetics.”
As cannabis legalization expands across the globe, many small business owners are struggling to come to terms with the complicated caveats of cannabis industry licensing. A new trio of bills that are currently making their way through congress aim to streamline and simplify the process.
With cannabis legalization taking hold, accurate knowledge is more important now than ever. To meet this pressing need, schools have already started creating undergraduate and graduate programs to develop an educational standard for the cannabis industry. No matter where you are in the United States – there’s a school for you.
Many U.K. politicians who support cannabis believe it will be legal in the country within five years. When the House of Commons last voted on the issue in December 2018, there were 52 votes in favor. According to Party Member of Parliament (MP) Norman Lamb, “It could happen, and it could happen really quickly. I don’t believe it will take much for the main Parties to shift their position.”
Industry expert Peter McCullagh – Founder and Managing Partner at Vancouver-based TenX Ventures, predicts the Canadian cannabis stocks will face a big crash within the next few years. The theory is that, as legalization continues moving through the United States, all the money will begin to go there.
CBD is often touted as a natural medical alternative with minimal side effects. But according to a recently published study, that may not be entirely true. Researchers discovered that CBD can have a profound impact on the liver, but what’s truly interesting about this study is methods they used in their clinical trials.