A lackluster 2024 for the cannabis industry led Alliance Global Partners cannabis analyst Aaron Grey to make changes to some of the cannabis companies under his coverage – including a downgrade and lower price targets. “Sentiment within cannabis is low after a lack of progress on federal reform in 2024 (and …
Tag: Investing
FDA asks veterinarians for input about CBD products for animals
The Food and Drug Administration (FDA) is asking for comments from the public, particularly veterinarians, regarding the use of cannabis-derived products in animals, with an emphasis on cannabidiol (CBD) products. The FDA said it is interested in general trends associated with those products, including information about usage trends, quality standards, benefits… …
Marijuana smell from Michigan outdoor grow prompts neighbors to sue
This story was published with permission from Crain’s Detroit. A West Michigan couple, who have been outspoken against the state’s legal marijuana industry, are suing the state’s top cannabis regulator, their local township leaders and a business for expanding its outdoor marijuana grow operations near their home. The… Please login …
LA fires test insurance limits for cannabis operators
Marijuana businesses across Los Angeles County are struggling to protect their operations as wildfires tear through the region, once again testing the resiliency of local operators. More than 190,000 residents face evacuation orders or warnings, and cannabis businesses find themselves in a particularly difficult position: Many can’t get insurance because …