Regulators in Alabama said last week that medical marijuana likely will not be available for purchase in the state prior to 2023. The Associated Press reported that the Alabama Medical Cannabis Commission “has plenty to do before people can apply for medical cannabis licenses, so it won’t push for... Read more
One of the nation’s most popularly used banks decided to close the account of one of the country’s DEA-approved cannabis and psychedelic research institutions. The Bank of America suddenly closed the accounts of the Scottsdale Research Institute with very little notice or explanation last week. The Scottsdale Research Institution... Read more
Verano Upsizes Credit Agreement to US$250 Million at 8.50% With an Additional US$100 Million Option Adds substantial, non-dilutive capital to the Company’s balance sheet, further buttressing its strong cash position. Supports continued execution of Verano’s near- and long-term growth strategies. Reduces the Company’s cost of capital with an improved,... Read more
Ayr Wellness Provides Final Results of Warrant Acceleration and Incentive MIAMI, Oct. 20, 2021 (GLOBE NEWSWIRE) — Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr” or the “Company”), a vertically-integrated cannabis multi-state operator (MSO), today announced the final results of its accelerated warrant acceleration expiry and incentive program. The... Read more
The Democratic leader of a key U.S. Senate committee on Monday released the text of legislation that, if enacted, would finally allow Washington, D.C. to legalize recreational marijuana sales—in contravention of the wishes of President Joe Biden. The new bills and attached report language announced by Senate Appropriations Committee... Read more
The Democratic leader of a key U.S. Senate committee on Monday released the text of legislation that, if enacted, would finally allow Washington, D.C. to legalize recreational marijuana sales—in contravention of the wishes of President Joe Biden. The new bills and attached report language announced by Senate Appropriations Committee... Read more
More than 64,000 misdemeanor charges related to distribution of cannabis have been sealed in Virginia since July, when pot legalization officially took effect in the commonwealth. The figure emerged last Thursday “during a meeting of the legislature’s Cannabis Oversight Commission,” according to the Virginia Mercury. “Officials said the records... Read more
Going beyond most celebrity-endorsed cannabis products, Grammy Award winning artist Miguel took upon the roles of co-founder, owner and Chief Creative Director of Kalvara—a cannabis-infused drink company that takes a completely novel technological approach to infusion. Kalvara is the maker of the patented Vessl™ closure—a nitrogen-powered cannabis liquid delivery... Read more
A South Carolina elementary school teacher faces criminal charges and has lost her job after a pupil in her class pulled a package of cannabis edibles from a box of treats intended as prizes to reward students. Victoria Farish Weiss, 27, of Lexington County, South Carolina, was arrested on... Read more
Greenlane Enters Agreement to Acquire DaVinci Acquisition of Industry Leading Vaporizer Brand and Developer of Award Winning DaVinci IQ will Expand Owned Brands Portfolio and IP Pipeline BOCA RATON, Fl / ACCESSWIRE / October 19, 2021 / Greenlane Holdings, Inc. (“Greenlane” or “the Company”) (NASDAQ:GNLN), a global house of... Read more
