Canopy Growth to acquire Supreme Cannabis in latest tie-up in busy weed sector

By Ciara Linnane

Canopy Growth Corp. said Thursday it has reached an agreement to acquire Toronto-based Supreme Cannabis Co. Inc. in the latest M&A deal in a cannabis sector that is seeing a burst of activity amid hopes for reform of strict U.S. laws.

Canopy CGC CA:WEED said the stock-and-cash deal is valued at about C$435 million ($345.6 million). Supreme Cannabis SPRWF CA:FIRE shareholders will receive 0.01165872 of Canopy stock for each share owned, plus C$0.0001 in cash. That is equal to a premium of about 66% for Supreme Cannabis shareholders based on the closing prices of both stocks on the Toronto Stock Exchange on Wednesday.

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CBD, marijuana and hemp: What is the difference among these cannabis products, and which are legal?

By Brandon McFadden

New York recently became the 15th U.S. state to legalize cannabis for recreational use.

While 67% of U.S. adults support marijuana legalization, public knowledge about cannabis is low. A third of Americans think hemp and marijuana are the same thing, according to the National Institutes of Health, and many people still search Google to find out whether cannabidiol – a cannabis derivative known as CBD – will get them high, as marijuana does.

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Clinical Management of Cannabis Complications

By Psychiatric Times

The first piece highlights the use of cannabinoids among the geriatric population. Cannabis and cannabidiol (CBD) use in older adults has become more prevalent as a result of reduced stigma; leniency in state restrictions on possession and sale; and advertisements touting benefits for chronic pain, peripheral neuropathy, stress, anxiety, depression, insomnia, headaches, and the adverse effects of chemotherapy. Medical marijuana use by individuals 65 and older has increased more than 8-fold in recent years. The article nicely summarizes how heavy marijuana use can cause mild functional and structural brain impairments, affecting attention, processing speed, motor coordination, verbal memory, and executive function.

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Same old Joe: Rebuffing staff who smoked pot fits Biden’s MO

By NATALIE FERTIG and MONA ZHANG

Despite a shift in public opinion toward legalizing marijuana over the past 30 years, the president’s more conservative approach to weed policy is well-known on Capitol Hill. When the Daily Beast reported late Thursday that “dozens” of young White House staffers had been suspended, asked to resign or placed in a remote work program after admitting to prior marijuana use, pro-cannabis lawmakers were dismayed Friday but hardly shocked.

“It is another very vivid example of the clash between outmoded past policies, and where America is, and where America is going,” Rep. Earl Blumenauer (D-Ore.), Capitol Hill’s unofficial weed czar, said in an interview. “It’s not, probably, surprising.”

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Cannabis compound inhibits SARS-CoV-2 replication in human lung cells

By Sally Robertson

Researchers in the United States have conducted a study showing that a cannabis plant compound inhibited infection with severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) in human lung cells.

SARS-CoV-2 is the agent responsible for the coronavirus disease 2019 (COVID-19) pandemic that continues to sweep the globe posing a threat to global public health and the worldwide economy.

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Seth Rogen’s new cannabis lifestyle site temporarily shut down due to high traffic

By Nate Day

The 38-year-old funnyman recently launched a cannabis lifestyle brand, which launched in the U.S. on Thursday. Not long after the launch, the site crashed due to high demand.

“Hi!! We are experiencing a tremendous amount of traffic right now. Thank you!” Rogen tweeted on Thursday morning, marking the early success of the brand. “We have a nice little waiting room set up on the website to manage this. If you are having trouble accessing the waiting room, please try refreshing your browser or clearing your cache.

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Proposed bill to legalize medical cannabis in Tennessee moves forward

By Kaylin Jorge

NASHVILLE, Tenn. (WZTV) — A Tennessee bill seeking to make cannabis legal for medical purposes is moving forward.

The “Tennessee Medical Cannabis Act” seeks to regulate medical marijuana.

Proposed by State Sen. Janice Bowling (R-Tullahoma) and Rep. Iris Rudder (R-Winchester)SB0854/HB0621 would also allow licenses for providers of medical cannabis which would allow for the cultivation, transportation, transport, and selling to dispensaries.

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