Cannabis stocks rocked as FDA warning undermines case for CBD investments

Cannabis stocks were slammed anew on Tuesday, after the U.S. Food and Drug Administration issued new guidance on CBD that included a stark warning that it can cause liver injury and other damage to the human body. The warning is the latest blow to the embattled sector where many companies have developed strategies and plans for the cannabis ingredient, which […]

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Hexo stock dives after downgrade, dragging cannabis sector lower

Hexo Corp. shares took another bath on Monday, after Seaport Global downgraded the stock along with market leader Canopy Growth, in a note that advises investors to switch out of Canadian cannabis stocks and into U.S. multistate operators. Hexo stock HEXO, -5.14%HEXO, -10.90% fell 5.5% in light volume on the Columbus Day holiday, bringing its one-month losses to 44%. The stock […]

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Is the FDA Going Too Soft on Zantac?

The U.S. Food and Drug Administration (FDA) is coming down hard after the disclosure that Zantac and other generic ranitidine drugs could contain impurities and carcinogens. Instead of just a little nitrosodimethylamine (NDMA) with a very low risk, the agency says its new “early, limited testing” has found unacceptable levels of NDMA in ranitidine samples. Note that NDMA is one […]

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Vape sales are falling on fears about the outbreak of vaping-related lung illness

The vaping-related lung disease that has infected more than 530 Americans and caused eight deaths is hurting sales of vapes, which have been on an upsurge as more states legalize cannabis for medical or recreational use. Research from Jane Technologies Inc. analyzing dispensary sales data found the market share for vapes was down 15% in the first week of September […]

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House Panel Accuses Juul Of Directly Targeting Kids At School And Summer Camp

A House subcommittee accused Juul Labs, the popular e-cigarette company, of waging a “sophisticated” effort to target teenagers and children at schools and summer camps in its bid to become the largest seller of vaping devices in the country. Lawmakers laid out the claims during a hearing on vaping devices Thursday, citing about 55,000 documents obtained from Juul detailing the […]

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Cannabis company Aleafia to buy Emblem for 27% premium, in a C$173.2 million deal

Aleafia Health Inc. ALEAF, -2.75%ALEF, -2.70% announced Wednesday a deal to buy fellow Canada-based cannabis company Emblem Corp. EMMBF, -5.11%EMC, -5.00% in a deal that values Emblem at about C$173.2 million ($128.8 million). Under terms of the deal, Emblem shareholders will receive 0.8377 Aleafia shares for each Emblem share they own. Based on Tuesday’s stock closing prices in Canada, that […]

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Democrats' universal health care proposals are 'immoral,' Melissa Francis says

Trump says Democrats are now the party of ‘radical socialism’ Americans have mixed feelings on Democrats’ proposals, majority of voters in favor of universal health care; reaction and analysis on ‘Outnumbered.’ Medicare-for-all plans, including those floated by several Democrats seeking the White House in 2020, are "immoral" proposals that will reduce health care quality overall, Fox News' Melissa Francis said. Francis […]

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Fancy caterer Great Performances is moving to the South Bronx

Fancy-foods caterer Great Performances got booted from its downtown home by Disney, but it’s moving to a Cinderella neighborhood — the once crime-ridden South Bronx. The nutritionally-conscious caterer serves such glamorous venues as the Plaza Hotel Grand Ballroom, Jazz at Lincoln Center and BAM. It will nearly double its former Hudson Square space when it moves this summer to the […]

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