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Multi-State Cannabis Operators To Sue Federal Government Over Marijuana Prohibition
By Joana Scopel The Federal Government could be sued by a coalition of multi-state operators (MSOs) in the cannabis industry, reported Marijuana Moment. The coalition says it will sue the Feds because they believe that its marijuana policies are unconstitutional....
Medical Marijuana Inc Reports 78 Million in Net Revenue
Medical Marijuana, Inc, the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands, and supply chain, announced today its financial results for the quarter ending March 31,...
Canopy Growth Announces Plan to Acquire Jetty Extracts
Canopy Growth Corporation and Lemurian, Inc., a California-based producer of high-quality cannabis extracts and pioneer of clean vape technology, announced today that they have entered into definitive agreements providing Canopy Growth, by way of a wholly-owned...
Cresco Labs Announces Expiration of HSR Act Waiting Period For Proposed Acquisition of Columbia Care
Cresco Labs Inc. and Columbia Care Inc. announced the expiration of the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) in connection with Cresco Labs’ previously announced proposed acquisition of Columbia Care. On March...
Bipartisan Senators Push To Finally Enact Marijuana Banking Legislation
Nearly a quarter of the members of the U.S. Senate are joining together to call on congressional leaders to ensure that marijuana banking provisions are enacted into law as part of a large-scale manufacturing bill. The 24 senators—including 19 Democrats and five...
This Federally-licensed Cannabis Company May Begin Trading Tomorrow
According to a recently filed S-1/A, Bright Green Corporation (NASDAQ: BGXX) is one of the few companies that have received conditional approval from the DEA to produce federally legal cannabis for research purposes. The company expects their common stock to begin...
US cannabis market provides greenfield for digital payment startups
Startups worth watching Payment startups are tapping the cannabis industry with solutions aimed at digitizing the historically cash-dependent sector. CanPay. The Colorado-based startup’s app lets customers at more than 800 cannabis dispensaries make Automated Clearing...
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