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Whoopi Goldberg's cannabis company has shut down

San Francisco (CNN Business)Whoopi & Maya, the medical cannabis company co-founded by Whoopi Goldberg, is closing up shop, according to a statement posted on its website. In an interview with CNN Business, Rick Cusick, a Whoopi & Maya board membe...

February 12, 2020

Move over, pot: Psychedelic companies are about to go public

The company plans to list via a reverse takeover under the ticker MMED. It's not yet generating revenue and is targeting a valuation of approximately $50 million, Rahn said. Mind Medicine counts former Canopy Growth Corp. co-chief executive office...

February 12, 2020

Netflix Blocks Marijuana Content Due To Government Pressure

According to Netflix, canna-centric titles will be pulled from their services in Singapore due to government restrictions. Netflix has a vast library of content, and is home to some of the best stoner shows and movies ever made. Superbad, Dazed a...

February 12, 2020

Ontario Lawmakers Looking Into Legalizing Cannabis Lounges

The government of Ontario, Canada is considering a proposal to allow cannabis consumption lounges to operate in the province and is soliciting feedback from residents on any potential changes to current regulations. The government announced the pr...

February 12, 2020

Trump To Remove Medical Marijuana Protections From Upcoming Budget

Trump has proposed ending a rider provision in his fiscal year 2021 budget plan that protects states with legal medical marijuana from Justice Department interference. In public, President Donald Trump has kept his views on marijuana close to the...

February 12, 2020

Does Marijuana Have A Place In Hospice?

A new study found that 87% of Americans support the use of medical marijuana as a treatment option for terminally ill patients. As Americans continue to age, hospices are exploring new ways to bring peace and calm to the often slow and painful pr...

February 12, 2020

Nepal Lawmakers File Proposal to Legalize Cultivation, Use of Cannabis

Lawmakers in Nepal have filed a proposal in Parliament to legalize cannabis, decades after marijuana was outlawed in the Southeast Asian nation at the urging of Western countries including the United States. The proposal was made by Birodh Khatiwa...

February 12, 2020

Maine Lawmakers Seek to Implement Privacy Provisions for Marijuana Businesses

Proponents of the new bill say that the Freedom of Access Act unintentionally gives power to competitors. Maine lawmakers will consider a proposal to provide a cloak of secrecy over the state's forthcoming recreational marijuana industry. The bi...

February 12, 2020

Did Joe Biden Accidentally Endorse Marijuana Legalization?

In newly released audio, Joe Biden states that marijuana is not a "gateway" drug and it has to be "basically, legalized." Poor Joe Biden. The former Vice President, who was dragged into the 2020 election as the old-school Democratic party's savio...

February 8, 2020

Turmoil in the cannabis business has claimed another CEO

San Francisco (CNN Business)Another cannabis giant is shedding jobs, expenses and its CEO amid industry headwinds. Aurora Cannabis, a Canadian cannabis company that invested heavily in global expansion, announced late Thursday a comprehensive "re...

February 7, 2020

Why Kentucky Residents Favor Marijuana Legalization

More Kentucky residents favor marijuana legalization. As reported by the Foundation for a Healthy Kentucky on Wednesday, the Kentucky Health Issues Poll indicated that 90% of the respondents favor medical marijuana compared to 78% in 2012. Meanwhi...

February 7, 2020

5 Common Myths Surrounding Hemp And CBD Oils

Despite their popularity, CBD and hemp oils are products that are shrouded in misinformation. The business of CBD and hemp oil has grown rapidly, despite the fact that many people get the two mixed up or aren't super clear about their effects. De...

February 7, 2020