Canadian cannabis company Cronos Group Inc. bought U.S. CBD startup Lord Jones for $300 million, the deal was noteworthy for two reasons: (1.) that the acquisition price was equal to 75 to 150 times the young company’s 2018 revenue of between $2 million and $4 million.
A Canadian woman is facing a lifetime ban from entering the United States after U.S. border protection agents discovered CBD (cannabidiol ) oil, which she says she consumes to help mitigate the pain and other side effects of her scoliosis.
Today, June 19, 2018, Canada’s federal government’s bill legalizing recreational cannabis passed 52-29. This paves the way for a fully legal market for Cannabis within 8-12 weeks. “It’s been too easy for our kids to get marijuana – and for criminals to reap the profits. Today, we change that. Our plan to legalize & regulate […]