As tensions continue to mount between the cannabis and financial industries, policy reform legislation is gaining traction in Congress—namely, the Secure And Fair Enforcement (SAFE) Banking Act. The Senate Committee on Banking, Housing, and Urban Affairs held a hearing July 23 titled “Challenges for Cannabis and Banking: Outside Perspectives,”... Read more
As tensions continue to mount between the cannabis and financial industries, policy reform legislation is gaining traction in Congress—namely, the Secure And Fair Enforcement (SAFE) Banking Act. The Senate Committee on Banking, Housing, and Urban Affairs held a hearing July 23 titled “Challenges for Cannabis and Banking: Outside Perspectives,”... Read more
As tensions continue to mount between the cannabis and financial industries, policy reform legislation is gaining traction in Congress—namely, the Secure And Fair Enforcement (SAFE) Banking Act. The Senate Committee on Banking, Housing, and Urban Affairs held a hearing July 23 titled “Challenges for Cannabis and Banking: Outside Perspectives,”... Read more
Utah officials preparing to launch the state’s medical marijuana program next year face mounting pressure from county attorneys to scrap plans for a state-run dispensary system and lingering scrutiny from companies rejected for growers’ licenses. The state announced Wednesday it has dismissed appeals from six companies that were denied licenses to... Read more
Utah officials preparing to launch the state’s medical marijuana program next year face mounting pressure from county attorneys to scrap plans for a state-run dispensary system and lingering scrutiny from companies rejected for growers’ licenses. The state announced Wednesday it has dismissed appeals from six companies that were denied licenses to... Read more
It’s August, and though national hemp production rules have yet to be released, the industry continues to develop new business options to fill the void for trade within the space. One new offering says it can give the entire hemp supply chain a way to verify advertised industrial products. PanXchange’s... Read more
After a 54.9% gain in Q1, the Canadian Cannabis LP Index gave up about half the gains in Q2. In July, following the surprise termination of Bruce Linton as co-CEO of Canopy Growth and then the shocking revelation that CannTrust broke Health Canada rules by growing cannabis in unlicensed rooms in... Read more
Aphria Inc. Announces 158% Increase in Adult-Use Sales and Profitable Fourth Quarter Reports Profitable Fourth Quarter Record Net Revenue of $128.6 Million, Up 75% from Prior Quarter Revenue for Adult-use Cannabis of $18.5 Million, Up 158% from Prior Quarter Provides Fiscal Year 2020 Outlook LEAMINGTON, ON, Aug. 1, 2019... Read more
Our cannabis business attorneys see more and more deals where foreign individuals or companies want to invest in or acquire licensed cannabis businesses. It’s often easy for foreign companies to assume that because cannabis is state-lawful, it is similar to any other investment. This couldn’t be farther for the truth. Even for local companies, the…
