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West Virginia Seeks Financial Institution to Handle Medical Marijuana Money
April 23rd, 2019West Virginia Seeks Financial Institution to Handle Medical Marijuana Money State lawmakers passed a bill earlier this year to allow financial organizations, like credit unions, to bid for the job. CHARLESTON — The state Treasurer’s Office hopes to have a request for proposal (RFP) issued within the next month with the goal of hiring a […]
Canopy Kicks Off Cross-Border Cannabis Consolidation
April 22nd, 2019By Kristine Owram |April 21, 2019, 8:00 AM EDT Cross-border cannabis consolidation has begun. Canopy Growth Corp. announced Thursday that it’s buying Acreage Holdings Inc. in a $3.4 billion deal that keeps it onside with stock-exchange rules while giving it an entry point to the U.S. market the moment federal legalization occurs. The deal is “the most […]
North Dakota lawmakers sink recreational marijuana legalization bill
March 25th, 2021North Dakota’s Senate overwhelmingly defeated a bill to legalize recreational marijuana, ending reform efforts in that state for the year. The Senate defeated House Bill 1420 by a 37-10 vote after only 30 minutes of debate, according to the Bismarck Tribune. House lawmakers in February passed the bill by a 56-38 margin. Rep. Jason Dockter, […]
Provincial windfall from Ontario Cannabis Store seen rising to CA$170 million
March 25th, 2021Ontario’s monopoly cannabis wholesaler and online retailer, the Ontario Cannabis Store (OCS), is forecasted to contribute 170 million Canadian dollars ($135 million) to provincial coffers for the 2021-2022 fiscal year, according to Ontario’s newly-released 2021 budget. The government-owned corporation lost CA$42 million in the 2018-2019 fiscal year before posting a CA$19 million net income in […]
California gov appoints cannabis industry ally as state’s attorney general
March 25th, 2021The California cannabis industry is rejoicing over Gov. Gavin Newsom’s choice of Assemblyman Rob Bonta as state attorney general. “Bonta has tackled some of the major cannabis issues in the state, advocating for workers, patients and cannabis operators,” the United Cannabis Business Association said in a congratulatory news release. “As California Attorney General, he will […]
Advocacy group for Hispanic marijuana entrepreneurs launches
March 25th, 2021The marijuana advocacy world just got another player: The National Hispanic Cannabis Council. The organization launched Thursday. According to a news release, the Denver-based group will be run by “Hispanic business leaders, legal professionals and prominent” marijuana businesses dedicated to “advancing cannabis education, entrepreneurialism and economic opportunity within the U.S. Hispanic community.” According to the […]
New Jersey picks Black male for cannabis panel after NAACP pushback
March 25th, 2021New Jersey’s commission to regulate recreational marijuana received its first Black male member after the NAACP raised concerns about the panel’s makeup. New Jersey Gov. Phil Murphy on Wednesday appointed Charles Barker, who is Black, to the state’s Cannabis Regulatory Commission, according to the Associated Press. Barker is a staffer for U.S. Sen. Cory Booker and […]
Green Life Business Group announces “The Bar has been Set, State of The Art Cultivation Facility” For SALE 109M
March 24th, 2021The cannabis industry is constantly evolving. Rules and regulations are also constantly changing and as the “Green Rush” continues to progress and set a strong footprint it is clear that this continued growth is also having a strong effect on Mergers and Acquisitions. Green Life Business Group Inc has been recognized for years now as […]
New York lawmakers, governor agree on recreational cannabis legalization bill
March 24th, 2021New York is poised to legalize a nearly $2.5 billion-a-year recreational cannabis market after legislative leaders on Wednesday agreed on the program’s framework with Gov. Andrew Cuomo. New York lawmakers, governor agree on recreational cannabis legalization bill is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
US marijuana reform a ‘tall order’ for Congress, new MJ coalition chief says
March 24th, 2021The executive director of a newly formed alliance of business interests dedicated to influencing marijuana regulations believes full federal legalization remains years away and that it will be a “tall order” for the current Congress to get a comprehensive legalization bill passed. “We’ll have some form of national legalization, either by state by state, or […]
‘Cannabis 2.0’ products dent Canada’s dried-flower market
March 24th, 2021Dried flower’s overall share of the regulated adult-use cannabis market in Canada waned throughout 2020 as competition from new product categories steadily increased, the latest data from Statistics Canada shows. Dried flower still dominated the market overall, however. In the final three months of 2019, dried flower accounted for nearly 90% of all adult-use marijuana […]
Pair convicted in bank fraud case related to cannabis transactions
March 24th, 2021Two businessmen indicted in 2020 for defrauding merchant banks on behalf of California cannabis delivery company Eaze have been convicted by a Manhattan jury. According to Law360, Hamid Akhavan and Ruben Weigand were found guilty of conspiracy to commit bank fraud for tricking banks into processing more than $150 million in marijuana-related transactions for Eaze […]
Maryland adult-use marijuana legalization effort fails for this year
March 23rd, 2021Adult-use marijuana legalization in Maryland must wait at least a year after bills failed to meet Monday’s “crossover” deadline for passing one legislative chamber and being sent to the other. “Sponsors (now) are working on amendments to set the stage for legalization in ’22,” Karen O’Keefe, Marijuana Policy Project’s director of state policies, wrote in […]
Cannabis banking reform reintroduced in US Senate
March 23rd, 2021Less than a week after pro-cannabis banking legislation was reintroduced in the U.S. House of Representatives, a parallel bipartisan measure was revived in the Senate – a move that drew applause from marijuana industry advocates. Sens. Jeff Merkley, a Democrat from Oregon, and Steve Daines, a Montana Republican, and 27 co-sponsors on Tuesday reintroduced the […]