Alliance One International, a global contractor, processor and supplier of tobacco, is jumping into the legal cannabis and CBD Oil businesses.
The company announced last week it was taking controlling stakes in Canada's Island Garden, a licensed cannabis company, and Goldleaf Pharm, which has applied for a Canadian license.
Alliance One also said it was also buying a 40 percent stake in Criticality, a North Carolina company participating in a pilot program to extract CBD Oil from industrial hemp as part of a state pilot program. Alliance One has the option to increase ownership in that company to 50 percent in...
MassRoots, a cannabis social networking app company, is suing its founder and former CEO.
The Denver company, which ousted founder Isaac Dietrich last month, alleges in a civil suit the former CEO misappropriated $250,000. The company also accuses Dietrich of illegal drug use and inappropriate sexual activity.
Marijuana Business Daily reports:
Dietrich – who remains a member of the MassRoots board of directors – called the lawsuit “completely unfounded” and “frivolous.”
He also told Marijuana Business Daily he would proceed shortly with efforts to oust the other three board members.
The suit sheds new light on the reasons behind Dietrich’s surprise ouster last month. Until now, the...
A new poll shows majority support for marijuana legalization, even among Republicans.
The Gallup poll released this month shows 64 percent of American adults support legalization. For the first time, a majority of Republicans, 51 percent, support it. Support from Democrats rose to 72 percent.
The polling organization has tracked attitudes toward legalizing marijuana for nearly five decades, and the polls show slow but steady support for legal marijuana.
Gallup first asked national adults about their views on the topic in 1969, when 12% supported legalization. Support had more than doubled by the end of the next decade but changed little...