Nearly two-thirds of U.S. voters support legislation to allow the banking industry to provide financial services to legal cannabis businesses, according to the results of a recent poll. The survey commissioned by the Independent Community Bankers of America (ICBA) also found that a strong majority believe that allowing cannabis... Read more
Planned inspections of Washington, D.C.’s unlicensed cannabis retailers have reportedly been delayed. The inspections, which were announced last month by the city’s Alcoholic Beverage Regulation Administration, were designed to ensure the businesses “abide by the regulatory requirements of DC Health, the Department of Consumer and Regulatory Affairs (DCRA), the... Read more
The Brooklyn District Attorney’s Office will vacate hundreds of convictions that were secured based on testimony from corrupt cops, including NYPD narcotics officers who planted drugs on innocent suspects. Prosecutors appeared in court on Wednesday to request dismissals in 47 felony cases, and have plans to visit the Brooklyn... Read more
It has been a long time coming, but Vermont is poised to finally enjoy cannabis legalization, and retailers are getting ready to be able to join the thriving new industry. The Cannabis Control Board is gearing up to start giving out licenses beginning October 1, a date that is... Read more
Thousands of cannabis entrepreneurs and activists are expected to descend upon Chicago next week for the Benzinga Cannabis Capital Conference. The two-day event kicks off on September 13 at the Palmer House Hilton, where attendees will be given an opportunity to broaden their network and listen to a who’s-who... Read more
The sense of urgency has been laid out as California’s capitol recently recorded its hottest day on record, with the hottest recorded temperatures in some areas in nearly a century. On August 31, Governor Gavin Newsom issued an emergency proclamation urging businesses of all kinds to conserve power as... Read more
The purported positive effects of microdosing psilocybin could be driven by the expectations of those taking the drug, according to the results of a recently published double-blind study conducted by researchers affiliated with the University of Buenos Aires. The authors of the study, which was published last month by... Read more
Glass House Brands Closes Grover Beach and Lemoore Natural Healing Center Dispensary Acquisitions All regulatory approvals for the acquisition of the Grover Beach and Lemoore Natural Healing Center Dispensaries by Glass House Brands have been obtained, and the transaction has officially closed Consolidation of the financial results for the Grover Beach and Lemoore dispensaries into... Read more
LOS ANGELES, CA / ACCESSWIRE / September 7, 2022 / XS Financial Inc. (“XS Financial”, “XSF” or the “Company”) (CSE:XSF) (OTCQB:XSHLF), a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States, announced today that it has provided a $15M lease facility to Ascend... Read more
Cresco Labs Closes Sale-and-Leaseback with Aventine Property Group for Brookville, PA Facility CHICAGO — (Business Wire) — Cresco Labs (CSE: CL) (OTCQX: CRLBF) (“Cresco” or “the Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, today announced that it has completed and closed on... Read more
