Global Cannabis and CBD News Roundup YouTube

A new report predicts that the global cannabis market will reach $57B in the next 3 years. New companies and individuals are pushing the envelope in psychedelics while traditional pharmaceuticals companies watch from the sidelines.

The Oklahoma Supreme Court has paved the way for legalization to be on the ballot this November. Yeay! Oklahoma already has the most dispensaries in the US so it's going to be one hell of a party when adult-use is legalized. :)

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Have a brilliant week!

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Weekly News
Oklahoma Supreme Court Rejects Two Challenges to Legalization. Final Ballot Ruling Is Imminent More at
Global Cannabis Sales To Skyrocket To $57 Billion In 2026, Says Top Market Research Firm More at
Illicit Psychedelics Market Getting Bigger and Bolder More at
Heat Wave Strains California Cannabis Operators amid Power Outages, Disruptions More at
‘Potent Pot’ Hysteria Takes a Page from the Reefer Madness Playbook More at
United States: Cannabis-Related Companies Can’t File Bankruptcy Until Federal Legalization More at
Cannabis Black Markets Flourish despite Legalization More at
Canada: Most Health Care Providers Unfamiliar with Topics Related to Medical Cannabis More at
Dozens of California Cities, Counties Could OK New Recreational Cannabis Markets More at
NCIA up Reform Push as Industry Holds over 100 Lobbying Meetings in Congress This Week More at
Cannabis Wholesale Chaos Didn’t ‘Meaningfully Impact’ Canada’s Market – Or Did It? More at
In Hawaii, People Prefer Black Market Cannabis to State-Managed Facilities More at
High Returns: A Bostonian’s Guide to Investing in Cannabis More at
UK CBD Companies Are Being Forced To Diversify Their Businesses To Combat Financial Crisis More at
Cool Finds
157th Year Anniversary of Mark Twain’s ‘Hasheesh’ Experience in S.F. More at
What a 1970s Cannabis Study on Rats, Dogs and Monkeys Can Teach Us Today More at
Stocks and Startups Briefs

Xebra Brands (XBRAF) (XBRA) (FSE:9YC), a cannabis company, is launching its Vicious Citrus cannabis infused lemonade in the province of Saskatchewan.
Fire & Flower Holdings (TSX: FAF) (OTCQX: FFLWD) posted mixed results in Q2, facing various troubles.
PharmaCann a privately held, vertically integrated cannabis company, is set to purchase all four locations of The Clinic, a group of boutique Colorado cannabis dispensaries for an undisclosed sum.

High Tide (Nasdaq: HITI) (TSXV: HITI) saw Q3 revenue to nearly double on last year thanks to increased participation in its member loyalty program.
Allied Market Research reveals that the global CBD wine market generated $11.1M in 2021, and is estimated to reach $112.5M by 2031, witnessing a CAGR of 27.8% from 2022 to 2031.
Hound Labs announces an agreement for Quest Diagnostics (NYSE: DGX), to serve as the exclusive provider of laboratory services for confirmatory testing.

Schwazze (OTCQX: SHWZ) (NEO:SHWZ) agreed to acquire Lightshade’s adult-use dispensaries in the Denver area.
CannabizTeam, a cannabis-focused executive search and staffing firm, released its 1st Tri-State 2022 Cannabis Industry Salary Guide, offering insights into the rise and revenue potential of the tri-state market.
Bankcard International Group (B.I.G.), a provider of cannabis merchant accounts, announced the Washington State Department of Financial Institutions has approved its services.

Trees Corporation announces the Closing of a $13.5M Senior Secured Convertible Note Offering; Expansion Capital Goals Attained.
Heritage Cannabis Acquires Remaining 25% of Voyage Cannabis Corp.

BYND Cannasoft Enterprises Inc. (BCAN) signs agreement for the acquisition of Israeli-Based Zigi Carmel Initiatives & Investments Ltd. In a share swap agreement valued at US$28M.