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Oregon cannabis entrepreneur countersues Curaleaf executive for $625M
MJ Biz Nitin Khanna, a marijuana entrepreneur in Oregon, filed a nearly $625 million countersuit against an investor group that includes Curaleaf Holdings Executive Chair Boris Jordan over a failed CBD company. Jordan and other investors sued Khanna and others in...
American Marijuana Consumers See Investment Opportunities in European Cannabis Sector
According to a survey conducted by Bloomwell Group, a medical cannabis holding company, consumers of marijuana in the United States believe that the widely anticipated legalization of recreational cannabis in Germany will create great opportunities for investment,...
New Cannabis ETF Offers More Global Cannabis Stock Exposure
Roundhill Investments, an ETF sponsor focused on innovative thematic funds, today launched the Roundhill Cannabis ETF (“WEED ETF”) on the Cboe BZX Exchange. The WEED ETF seeks to provide investors with exposure to the cannabis sector, including U.S. multi-state...
Federal Regulator Cheers State-Level Cannabis Banking Reforms Amid Congressional Inaction
Banking is one of the most crucial resources the state-legal cannabis industry is missing out on due to federal prohibitions. Fearing retaliation from the federal government, most financial institutions refuse to work with cannabis businesses, depriving them of...
Tell the Senate: Support Keeping SAFE Banking in America COMPETES
Back in February, the House of Representatives approved a massive economic package called the America COMPETES Act, which contained an amendment from Rep. Ed Perlmutter to include the SAFE Banking Act in the legislation. This is the sixth time that the House has...
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...
NBA Legend Isiah Thomas Invests $3 Million in Cannabis Company
One World Pharma Inc. (OTC: OWPC), a U.S. based, fully licensed, pure-play hemp and cannabis ingredient producer in Colombia, is announced an agreement with ISIAH International, LLC, the holding company of its CEO, NBA legend Isiah Thomas, to invest $3 million into...
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