Connect with us

Marijuana Business Daily

Marijuana MSO MariMed appoints CEO, board chair

Published

on


Massachusetts-based marijuana multistate operator MariMed appointed Jon Levine as permanent chief executive officer and Edward Gildea as chair of the board of directors.

Levine was installed as interim CEO in December after the death of longtime chief executive and industry veteran Robert Fireman.

ADVERTISEMENT

According to a news release, Gildea has been an independent director since 2013.

“Jon’s deep industry experience, his tenured and proven leadership of the Company, and his clear vision for its future, are unparalleled and will serve MariMed’s shareholders very well,” Gildea said in a statement.

ADVERTISEMENT

“The Board looks forward to providing Jon the support he needs to lead the continued implementation of the Company’s strategic plan.”

MariMed recently closed a $35 million secured credit facility to complete expansion projects in multiple states and pay off notes from a previous acquisition.

Read full article on Marijuana Business Daily



Source link

Continue Reading

Marijuana Business Daily

Nebraska medical cannabis qualifies for ballot amid controversy

Published

on

By


Initiatives to legalize medical marijuana in Nebraska and set up a regulated MMJ market qualified for the November ballot on Friday, just hours after complications threatening the effort appeared.

Nebraska Secretary of State Bob Evnen certified the efforts of Nebraskans for Medical Marijuana on Friday, the same day prosecutors announced charges against Michael Egbert, a Grand Island man involved in the petition, for allegedly falsifying signatures.

ADVERTISEMENT

Nebraska is one of a dwindling handful of states without any regulated marijuana program.

On Thursday, former state Sen. John Kuehn, a co-founder of the anti-legalization organization Smart Approaches to Marijuana, filed a lawsuit to stop Even from certifying two separate measures:

Ballot measure 437, Nebraska Medical Cannabis Patient Protection, to legalize medical marijuana. Ballot

Read full article on Marijuana Business Daily



Source link

Continue Reading

Marijuana Business Daily

Hytn secures deal to supply medical marijuana to UK

Published

on

By


British Columbia-based Hytn Innovations Inc. is teaming up with 4C Labs, a Canadian cannabis distribution and product-development company, to produce medical marijuana for distribution in the United Kingdom and, potentially, other global markets.

The partnership allows cannabinoid-focused pharmaceutical company Hytn to manufacture, package and export pharmaceutical-quality cannabis products in bulk and packaged formats for 4C Labs to distribute in the UK, according to a news release.

ADVERTISEMENT

Hytn holds a good manufacturing practice (GMP) license from Health Canada as well as a PIC/S (Pharmaceutical Inspection Co-operation Scheme) certification from Australia’s Therapeutic Goods Administration, the news release said.

“This partnership validates the ongoing regulatory work Hytn has been undertaking,” Hytn CEO Elliot McKerr said in a prepared statement.

“By integrating 4C Labs’ deep understanding

Read full article on Marijuana Business Daily



Source link

Continue Reading

Marijuana Business Daily

California issues emergency regulations to ban intoxicating hemp products

Published

on

By


California Gov. Gavin Newsom on Friday issued emergency regulations for intoxicating products derived from hemp.

The regulations, proposed by the California Department of Public Health (CDPH), would result in “complete retail prohibition on 90%-95% of popular hemp products for adults,” Jonathan Miller, general counsel of trade group Hemp Roundtable, said in a statement.

ADVERTISEMENT

According to the CDPH, the regulations come in response to increasing “health incidents related to intoxicating hemp products” and include:

Establishing a minimum age of 21 to purchase hemp products. Allowing no detectable levels of THC or other intoxicating cannabinoids per serving of hemp food, beverage and dietary products intended for human consumption. Limiting the number of servings of hemp products to five per package.

Speaking at a

Read full article on Marijuana Business Daily



Source link

Continue Reading
Advertisement

Trending

Copyright © 2021 The Art of MaryJane Media