THIS has been a remarkable year for European cannabis with some significant milestones passed on an increasingly fruitful trek into the post-prohibition era. Top of the list has to be the momentous decision by Germany to press ahead with plans for a fully-regulated, adult-use cannabis market. Seemingly unthinkable, even... Read more
Entry into today’s cannabis space is rife with obstacles posed by states with opaque licensing awarding procedures, caps on entry, as well as other challenges set in motion by local governments (and local officials) seeking bounty of all sorts for the privilege of operating a business within the city,... Read more
2021 was another year of growth, but also uncertainty, for the rapidly expanding cannabis industry. For Jonathan Havens, co-chair of Saul Ewing Arnstein & Lehr’s Cannabis Law Practice and chair of the firm’s Food, Beverage and Agribusiness Practice, and Marc Adesso, partner of Saul Ewing’s Cannabis Law and Corporate... Read more
Marijuana Policy Project | mpp.orgToi Hutchinson will take over as Marijuana Policy Project’s president and CEO in January. WASHINGTON, Dec. 15, 2021 – PRESS RELEASE – The Marijuana Policy Project announced that Toi Hutchinson will join the organization as its new president and CEO. Hutchinson, a former Illinois state senator,... Read more
Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more. Summary Michigan cannabis sales increased 66% in November to $153 million. Canadian retail cannabis sales increased 36% in October to C$364 million. 420 Investor model portfolios have... Read more
Rhode Island’s House speaker says lawmakers are “very close” to introducing a bicameral negotiated marijuana legalization bill, and a top Senate leader saying he’s optimistic that it will pass “overwhelmingly” in both chambers when it comes up for a vote early in 2022. Legislators have been in talks for... Read more
Visa, the world’s second-largest card payment company, recently issued a compliance memo to customers warning them that miscoding point-of-sale transactions through the use of so-called cashless ATMs—a practice used by some cannabis retailers as a workaround to accept credit or debit cards for purchases—could lead to penalties or other... Read more
The Drug Enforcement Administration (DEA) says it’s cracked the code to identify what kind of emojis young people are using to talk about buying and selling illicit drugs. But in classic “how do you do fellow kids” fashion, the federal agency doesn’t appear to have the firmest grasp on... Read more
