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City View Green weighs spinoff amid strategic review, debt deal

City View Green Holdings (CSE: CVGR) (OTCQB: CVGRF) is considering spinning off its cannabis edibles subsidiary as part of a broader overhaul. The announcement comes just months after settling millions of dollars worth of debt and abandoning its facility ownership strategy. The Canadian cannabis manufacturer said Wednesday it’s evaluating several …

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Michigan companies enter receivership as part-owner faces mounting legal troubles

This story was republished with permission from Crain’s Detroit. Jackson-based marijuana processor Choice Labs and its parent company, Au Gres-based cultivator Glorious Cannabis Co., entered into court-sponsored receivership last week as investigations and lawsuits pile up against one of their owners. The receivership is a legal move by… Please login …

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Trump taps anti-cannabis hardliner for top DEA job

President Donald Trump has nominated Terrance C. Cole to serve as the next administrator of the Drug Enforcement Administration, replacing acting director Derek Maltz. Cole, a longtime DEA veteran who currently serves as Virginia’s secretary of Public Safety and Homeland Security, has voiced strong opposition to marijuana legalization efforts, according …