Delaware marijuana legalization bill clears House committee
A bill legalizing recreational marijuana use by adults in Delaware cleared its first legislative hurdle Wednesday as a Democratic-led committee voted along party lines, with one lone GOP vote, to send the measure to the House floor. Sponsored by State Rep. Ed Osienski of Newark, the bill creates a... Read more
With a legislative deal reportedly in place, New York is poised to become the latest state to legalize recreational marijuana use. Bloomberg reported Wednesday afternoon that leaders in the New York state assembly and Gov. Andrew Cuomo have struck a deal that “would impose special pot taxes and prepare... Read more
A Chicagoland suburb is set to initiate a historic reparations program that will be funded through revenue generated from the marijuana sales tax. Officials in Evanston, Illinois on Monday “approved the first expenditures in the city’s landmark municipal reparations program designed to compensate Black residents for codified discrimination,” according... Read more
State lawmakers in Kansas are considering a bill that would legalize medical marijuana under strictly limited conditions. Kansas is one of only 14 states without a comprehensive medical marijuana program, currently allowing patients with a recommendation from a physician to only use CBD oil with a maximum of 5%... Read more
Ayr Wellness Closes Acquisition of Blue Camo LLC Arizona Becomes Fifth State in Company’s Footprint TORONTO, March 23, 2021 (GLOBE NEWSWIRE) — Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr,” “Ayr Wellness,” “we,” “us,” “our,” or the “Company”), a vertically-integrated cannabis multi-state operator (MSO), today announced it has closed... Read more
Jersey Clobbers “Cannabis Licensing Lawsuits” and launches Triumphant Adult Use Program
With the Eastern seaboard’s most ambitious Adult Use program primed to explode, New Jersey’s Superior Court Appellate Division (“Appellate Division”) just lifted its “stay” on scoring 18 month old Medical Marijuanaapplications clearing the way for 5 cultivation, 15 dispensary, and 4 vertically integrated license awards.  In re Application for... Read more
Texas’ odds for marijuana law reform? Depends on who you ask.
March 23, 2021 by AggregatedNews Leave a Comment While proponents of marijuana law reform in Texas are hoping bipartisan efforts this session lead to greater access to recreational and medical cannabis, that may not be likely. A report from the news site Marijuana Moment shows that top state lawmakers do not... Read more
First Commercial Bank Lending Deal of its Kind For a U.S. Cannabis Company OAKLAND, Calif., March 23, 2021 /PRNewswire/ – Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR) (OTCQX: HBORF), a California-focused, vertically integrated cannabis enterprise, today announced it has entered into a loan financing arrangement with a commercial... Read more
TerrAscend Reports 2020 Financial Results and Raises Full Year 2021 Guidance Full Year 2020 Net Sales increased 134% year-over-year to $198 million Q4 Net Sales increased 152% year-over-year and 28% quarter-over-quarter to $65 million Q4 Adjusted EBITDA1 increased 46% quarter-over-quarter to $26 million and Adjusted EBITDA margin increased to 40% from 35% in Q3... Read more
North Dakota could give the green light to recreational marijuana this session
A bill to legalize adult use of recreational marijuana, already passed in the House, now awaits action in the North Dakota Senate. House Bill 1420 is seen in part as a way to forestall another ballot measure seeking to open the door to recreational marijuana more widely. In 2018,... Read more
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