Forbes covered the latest developments in the legalization of medical and recreation cannabis use in Mexico. Mexican President-elect Andres Manuel Lopez Obrador has expressed interest in legalization and last week, the country’s Supreme Court ruled that anti-cannabis laws were unconstitutional. However, Mexico isn’t the only country looking at decriminalizing cannabis and the US’s stance on cannabis is baring its entry into a lucrative market.

As more countries set forth to legalize the plant, the US is falling behind because the federal government still classifies cannabis in the same category as heroin, LSD and methamphetamine. Many US companies and investors have been locked out of the market due to this stance. As US companies are forced to sit on the sidelines, foreign companies are securing global distribution rights, creating supply chains and establishing subsidiaries that pass over the US, hurting its economy and stunting the growth of their domestic cannabis industry.


If and when the US decides to legalize cannabis on a federal level, US cannabis companies are going to be behind their well-funded foreign competitors. Until then, US cannabis companies will need to think of other ways to gain the opportunities and funding that they need to grow. They may want to take an interest in the strategies that foreign companies, such as Colombia-based Khiron Life Sciences Corp. (TSXV:KHRN) and sponsor cannabis conferences with the aim of educating legislators about the plant. Khiron was able to impress the former Mexican President Vicente Fox, who joined Khiron’s board shortly after the conference. Fox  will be an asset for the company as they move forward with their Latin American expansion plans.

To read the full article, click here.

Click here to connect with Khiron Life Sciences Corp. (TSXV:KHRN) for an Investor Presentation. 

Source: www.forbes.com

Trulieve Cannabis Corp. (“Trulieve” or the “Company”) (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States today announced the appointment of Marcum LLP (“Marcum”) as its independent registered public accounting firm, effective July 5, 2021 . Marcum was appointed following the resignation of MNP LLP (“MNP”) as the Company’s independent registered public accounting firm effective July 5, 2021 .

“We would like to thank MNP for their guidance and expertise over the past two years and we look forward to working with Marcum as the Company’s new independent registered public accounting firm,” stated Chief Financial Officer, Alex D’Amico.

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Cannabis-infused beverages are not a new product concept, but this summer Canadian drink makers hope consumers will discover them for the first time.

Recreational cannabis beverages have beguiled Canadian producers through different avenues, and many continue to make investments. The promise of these drinks lies in the potential of a more welcoming option for new consumers who may be out of their depth with rolled-up dried flower.

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In the news release, BioHarvest Sciences Inc.‘s First Cannabis Cell Reservoir Produces Ongoing Flowering Stage Cannabinoid Cells For 2 Years, issued 07-Jul-2021 by BioHarvest Sciences Inc. over PR Newswire, we are advised by the company that an incorrect version of the release was issued inadvertently. The complete, corrected release follows:

BioHarvest Sciences Inc.‘s First Cannabis Cell Reservoir Produces Ongoing Flowering Stage Cannabinoid Cells For 2 Years

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Trulieve is the first medical cannabis operator to start planting in the state

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company based in the United States announced today that it commenced operations in West Virginia . The Company has begun cultivation at their 100,000 square foot size facility in Huntington, West Virginia .

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– The Company demonstrates the efficiency and reliability of its BioFarming technology by reducing production cycle time for Cannabis from 14-23 weeks to 3-4 weeks.

– The Company’s BioFarming technology will allow the Company to harvest 13-17 cycles per year versus 2-4 cycles per year for conventional Cannabis agriculture.

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