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Proposed Federal Marijuana Reform: Financial Services Industry Primer
On Friday, April 1, 2022, the House of Representatives passed the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act for the second time in two years, with 220 votes in favor and 204 votes in opposition. The MORE Act is one of at least three pieces of...
IMC to Become Exclusive Supplier of cbdMD in Israel
IM Cannabis Corp. (“IMC”), a multi-country operator (“MCO”) in the medical and adult-use recreational cannabis sector with operations in Israel, Germany, and Canada announced the signing of a binding letter of intent (the “Binding LOI”) with cbdMD,...
Merida SPAC Picks Leafly For Investment
Cannabis online marketplace company Leafly Holdings Inc. and the SPAC (special purpose acquisition company) Merida Merger Corp. I sponsored by Merida Capital Holdings have signed a definitive agreement for a business combination. When the transaction is complete,...
Billionaire Charles Koch Will Fund Lobbying Efforts To Legalize Marijuana Nationwide
Regardless of his reasoning for getting behind weed, Koch’s willingness to use his finances and massive network of political and business leaders is inevitably a sign that the cannabis cause is about to make significant strides. If there is one thing the marijuana...
Fire & Flower to Buy Digital Assets From Wikileaf for $7.5 Million
Fire & Flower Holdings Corp. and its wholly-owned subsidiary Hifyre™ Inc. (“Hifyre”), today announced the acquisition of certain assets from subsidiaries of Wikileaf Technologies Inc., an online platform for cannabis enthusiasts and consumers, as part of its...
Innovative Industrial Properties Acquires Illinois Property
Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced that it closed on the acquisition of a property in Illinois, and entered into a long-term...
UK Tobacco Giant BAT Makes Third Cannabis Investment
UK tobacco giant BAT has followed up its £127m investment into Organigram with further investment in a Canadian cannabis company. Research-based Trait Biosciences says it has completed a C$31m (£18m) Series A financing round led by the corporate venture unit of...
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