This Week In Cannabis News
After earlier rallies in the Cannabis industry stock market stocks are now trading down this week even with some big financing announcements being made.
We heard this week of the merger of Weedmaps (who's now going public) and Sliver Spike Acquisition Corp. Along with LeafLink who closed their Series C funding round at $40 million ran by Founders Fund.
In Medical Cannabis news, Republican lawmakers in South Carolina are putting forth legislation that would allow for medical cannabis to be legalized. Rep. Bill Herbkersman who is the main sponsor of this bill also has a brother who used cannabis to treat cancer symptoms which
He was quoted saying "Waiting any longer will only add to the suffering that is experienced by those who are plagued with a debilitating illness" pointing out the availability of legal cannabis in 36 other states.
In Mexico, where they are slowly getting closer to legalization the lower house postponed the bill debate until February 2021. Before the vote had passed 82 to 18 in the Senate.
On the celebrity side of things, Rapper T.I. is teaming up with Georgia based company Harvest Connection LLC becoming a investor and a equity partner.
Hollywood actress Nicole Kidman became The Sera Labs Inc's first brand ambassador and strategic business partner. Based out of LA California this CBD product company was able to acquire Nicole who will be endorsing the company's topical CBD products.