Page 3 - Vertical Wellness News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CanaFarma Hemp Products Corp. (CSE:CNFA) (OTC:CNFHF) are merging to create an industry leader. The new company will continue to trade on the CSE and OTC as CanaFarma but will retail its products as Vertical Wellness. Vertical’s current CEO J. Smoke Wallin will act as new CEO for the combined businesses, which will be valued at more than $50 million. “The ability for Smoke Wallin and his team to rapidly launch Vertical’s house of brands into distribution and retail made this deal a strategic imperative for CanaFarma Hemp,” Vitaly Fargesen, senior vice president of strategic planning ...

Breach of contract alleged in dispute between Kentucky-based hemp companies.

The U.S. cannabis business has a very particular cashflow problem -- too much of it. Marijuana can be sold legally in 36 U.S. states and the District of

The U.S. cannabis business has a very particular cashflow problem -- too much of it.... | May 24, 2021

U.S. pot sellers stash cash as banks leave them high and dry By Shariq Khan (Reuters) - The U.S. cannabis business has a very particular cashflow problem -- too much of it. Marijuana can be sold legally in 36 U.S. states and the District of Columbia (D.C.) for medical use and in 15 of them and in D.C. for recreational purposes. But it's still illegal on a federal level, meaning most banks won't service the industry in case they fall afoul of money laundering laws. With the COVID-19 pandemic and increasing legalisation driving a surge in cannabis use, the sector's producers, manufacturers ...