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With Republicans' new trifecta of control over the White House, U.S. Senate and House of Representatives, it's likely federal marijuana policy will change.

But what could – or should – federal marijuana policy look like under a new Trump administration?

As an industry veteran, attorney Rachel Gillette wants the new administration to know that state-regulated operations and priorities of the marijuana industry are largely aligned with both Trump's stated policy priorities and those of the Republican party.

The MJBizDaily guest columnist also hopes newly elected leaders will enact industry-friendly federal policy changes.

Read along as Rachel offers the incoming Trump administration some top industry facts that make the case for marijuana reform at the federal level. Read story >

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• New York adult-use cannabis licensing halted again. Read story >
• Tennessee hemp groups seek to halt rules that would prohibit THCA products. Read story >
• Vermont marijuana retailer sues state regulatory agency over advertising laws. Read story >

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N E T H E R L A N D S

3 global cannabis genetics companies to merge

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Cannabis seed producers Barney's Farm Genetics, I Love Growing Marijuana (ILGM) and Sensi Seeds are merging under a deal that will close in early 2025.

Derry Brett, founder of Barney's Farm Genetics, will lead the newly formed group as CEO, although "each company will retain its own CEO and management," a spokesperson for the companies told MJBizDaily.

While the three operators will be merged under the same company, the brands will remain distinct, the spokesperson told MJBizDaily, adding that the new business will be based in the United States.

Barney's Farm and Sensi Seeds currently are headquartered in Amsterdam. ILGM is based in Modesto, California. Read story >

N O R T H   A M E R I C A

Canada's Canopy completes acquisition of US operator Acreage

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Canadian cannabis operator Canopy Growth Corp. has completed its acquisition of New York-headquartered Acreage Holdings through its American holding company.

Smiths Falls, Ontario-based Canopy - which recently appointed current board member Luc Mongeau as CEO - issued about 5.89 million shares valued at roughly $21.2 million to former Acreage shareholders.

In addition to the Acreage deal, Canopy's U.S. holding company, Canopy USA, now has completed 100% of its acquisition of Wana properties and roughly 77% of its purchase of Jetty Extracts. Read story >

N E T H E R L A N D S

Medical cannabis is where the profit is, Bedrocan CEO says

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Netherlands-based Bedrocan International, one of the oldest medical marijuana companies in the world, is returning to Canada after exiting that market five years ago.

CEO Jaap Erkelens told MJBizDaily that Bedrocan was awarded a new medical cannabis production license from Health Canada on Sept. 27 and is returning to the same building in Scarborough, Ontario, where it previously operated.

The facility can produce up to 3,600 kilograms (7,937 pounds) of flower annually but will only produce a fraction of that to start, Erkelens said, with production starting in early 2025.

Erkelens spoke with MJBizDaily about a variety of topics, including the profitability of medical cannabis for Bedrocan and the company's plans in Canada and Europe. Read story >

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• MJBizCon panelists issue marijuana industry predictions for 2025. Read story >
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• Historic DEA marijuana rescheduling hearing opens, paused until mid-January. Read story >
• Denmark looking to turn medical cannabis pilot into permanent market. Read story >
• Marijuana company Cansortium secures $96.5M loan before RIV Capital merger. Read story >
• Cannabis Xpress settles pay-to-play allegations in Ontario for CA$100,000. Read story >
• Infused beverage executives seek path forward for hemp, marijuana. Read story >
• Cannabis operator Rubicon borrows CA$10M in secured credit facilities. Read story >
• Immigration agency can't use drug laws to deny marijuana worker visa, judge rules. Read story >
• Cannabis industry is apparent target of Everest Ransomware, security experts warn. Read story >
• Women entrepreneurs offer marijuana industry advice at MJBizCon. Read story >

R E S O U R C E S

• MJBizMagazine Nov/Dec issue: Breaking Through to Profitability
• Make informed decisions with MJBiz Factbook – Get data
• MJBiz Free Cannabis 101 Course – Sign up and start learning
• MJBizDaily Reports and Buyers Guides – Download
• MJBiz Media Kit – Advertise with us

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