The Week In Cannabis: A New Global Leader, Moves In UK And Colombia, ETFs Outperform – Yahoo Finance

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M&A expert Evan Eneman, CEO of MGO|ELLO Alliance, told Benzinga another move toward consolidation “means that the industry is maturing. M&A is a necessary and positive evolution in the cannabis space, as serious players put skin in the game with significant capital to drive the industry forward.”    

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In international news, Colombian lawmakers continue to move forward with plans to legalize adult-use cannabis, following a proposed constitutional amendment, and questions around whether the U.K. will legalize cannabis ahead of the U.S. continued to arise as a new poll showed 77%  of people in the U.K. support the legalization of medical marijuana.

In domestic political news, U.S. Rep. Justin Amash (Michigan) introduced a bill into Congress, seeking to stop the federal government from interfering with state laws where cannabis has been legalized. The bill is the first proposed by Amash since he announced earlier this month he was leaving the Republican Party to serve in as an independent lawmaker.

Over the last five trading days:

“Havas ECS will alleviate the pressing need for science-based education and guidance by providing modules, seminars and custom consultancy services,” said a spokesperson for the company, which will be led by longtime healthcare communications leader, Rob Dhoble.

Dhoble and his team of subject matter experts will educate the health and wellness community as well as brand leaders in various categories on the scientific functionality of cannabinoids so they can navigate this emerging and exponentially expanding industry clearly.

“There are gaps in information across various industries. As specific to healthcare practitioners, legal risks exist for providers that do not clearly communicate with their cannabis consuming patients, including risks related to unmanaged treatment regimens, drug interactions, and diminished treatment outcomes,” Dhoble told Benzinga.

The company also won the Italian government’s public tender to supply medical marijuana. Aurora was the winner among five companies that participated in the tender. It’s expected the contract will be signed this fall.

Despite the good news, Bank of America’s Christopher Carey downgraded Aurora’s U.S.-listed stock from Buy to Neutral with a price target lowered from $10 to $8. The analyst cited a fast cash burn as his main concern.

Leafly.com.

“It is extremely important for us to find partners that share our core values and with these product lines, we wanted to ensure the quality we always strive to achieve is met and those coffee drinkers will get the unique, high-quality, artisanal brews they want at an affordable price,” said Bhang CEO and Chairman Scott Van Rixel.

“Homescape Pets is geared towards making all pets’ lives a little better and most of all, a lot healthier. That’s why we encourage pet owners to combine our complete line-up of herbal tinctures, in addition to our new CBD300 for the best results for your pet’s specific needs,” explained Co-Founder Marcus Pfeifer.

Justin Dye, Dye Capital Management Partner, is stepping up to serve as Medicine Man Technologies’ Chairman of the Board. Dye was a leader in Albertsons Companies as it expanded its transactions to over $40 billion.

“We made a commitment to the City of Salinas that we’d offer this type of program that benefits the community, and the industry as a whole,” said Gavin Kogan, Chairman of the Board of Grupo Flor. “We want to create and nurture a professional network of employees through this apprenticeship program.”

“The number isn’t important, but the milestone is real example of the clear need for better, smarter technology on the extraction side of the industry to ensure production can meet the demand for a wide range of cannabis and CBD products beyond traditional flower sales which continue to decline,” said a company spokesperson.

“We will continue to develop new cultivars, and build a portfolio of safe, tested options for patients because we know that the best genetics will be the ones we develop ourselves,” said CEO Morris Denton.

Here are some of the most interesting cannabis-related stories from this week.

• An ETF Industry Goliath Could Enter Cannabis ETF Competition

• From Coffee To Cannabis: Colombia’s Choice Between Economic Development And ‘CannaMercantilism’

• Symptoms Of U.S. State Medical Cannabis Markets Vary With Saturation Levels

• Greenbox And The Power Of Cannabis-Dispensing Robots

• Meet The Cannabis Extracts Company Giving Farmers 70% Profit On Trim

• JJ O’Brien Of PAX Labs Talks Cannabis Partners, Brand Heritage, E-Cig Lessons

• ‘No Error To Correct’: Why The High Court Turned Down Alpenglow Botanicals’ 280E Petition

• California’s Assembly Bill 97 Is The State’s Latest Attempt To Curtail The Illicit Market

• 6 Cannabis Market Predictions That Are Already Coming True

• ‘Algorithms Manage Everything’: One Israeli Company’s Mission To Make Marijuana Growing Effortless

• Is The UK About To Legalize Marijuana Ahead Of The US?

• ‘Public Opinion Has Changed So Dramatically’: How Cannabis Is Shaping The 2020 Presidential Election

• Cannabis: A Big Tent Where All Are Welcome

• A Weed Museum Is Coming To Hollywood

Benzinga.com/cannabis” data-reactid=”112″>Check out these and many other cannabis stories on Benzinga.com/cannabis

July 28: Susan S. Hwang will host the first Women Grow “Meet and Greet” in Asia on  July 28th, at Kookmin University, 77 Jeongneung-ro, Jeongneung-dong, Seongbuk-gu, in Seoul, South Korea. International cannabis entrepreneurs and prospective stakeholders are invited to attend the historic event which will include a presentation on CBD, Hemp Businesses, and Practical Application. Hwang will lead the discussion alongside Women Grow CEO Dr. Chanda Macias, and National Program Director Parisa Rad.

https://www.benzingacannabisconference.com/ for more information.

https://www.benzingacannabisconference.com/ for more information.

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This article originally appeared here in https://finance.yahoo.com/news/week-cannabis-global-leader-moves-183147964.html

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