Schwazze buying Denver marijuana shop from Standing Akimbo for $10.5 million

Colorado-based cannabis company Schwazze signed a $10.5 million deal to acquire a Denver medical marijuana dispensary from Standing Akimbo. The deal for “certain assets of Standing Akimbo,” including the dispensary, will be satisfied by $1 million in cash, $5.54 million in Schwazze stock and $4 million in deferred cash payments, according to a news release. […]

Limited Edition! Lost Mary OS5000 Luster Disposable

BUY NOW! Lost Mary OS5000 Luster Disposable A 650mAh battery powers the disposable Lost Mary OS 5000 Puff. This disposable gadget holds 13ml of pre-filled e-juice with nicotine strengths of 50mg and is conveniently rechargeable with a Type-C charger. It comes in 13 distinct flavors, including Lush Ice, Cool Mint, Mango Ice, Banana Cake, Aloe […]

CBD Companies Beware: FTC Threatens Civil Penalties for Unsubstantiated Claims

Marketing CBD products is a challenge. For years we’ve written about risks associated with making health-related claims in marketing. But there’s another avenue that the federal government doesn’t like: unsubstantiated claims. Last week, the Federal Trade Commission (FTC) decided to ratchet up enforcement and sent out warning letters to nearly 700 companies (some of which […]

Delaware Governor Sends Mixed Signals Marijuana Legalization Bills, Saying It’s ‘Time To Move On’ From Debating Issue

The Democratic governor of Delaware reiterated on Tuesday that he opposes marijuana legalization—though he gave some mixed signals about how he will act on a pair of bills to legalize and regulate cannabis that were sent to his desk late last month. At a town hall event, Gov. John Carney (D) faced several questions about […]

Elon Musk Plans To Launch SpaceX Starship Rocket on 4/20

The test flight of SpaceX’s highly anticipated Starship rocket—eventually en route to the moon and Mars—was delayed from its original launch date on Monday and rescheduled for a new day: April 20. The rocket remains on the launchpad located in Cameron County, Texas, approximately 17 miles east of Brownsville, while engineers get the rocket’s pressurized […]

House Lawmakers Introduce Bipartisan Cannabis Business Tax Relief Bill

Oregon Representative Earl Blumenauer this week introduced legislation in the U.S. House of Representatives that would allow regulated cannabis companies to take tax deductions commonly enjoyed by businesses in other industries. The bill, known as the Small Business Tax Equity Act, was introduced by Blumenauer on Monday, with bipartisan co-sponsorship by fellow Democrat Representative Barbara […]

Oregon Approves Nation’s First Psilocybin Facilitator Licenses To Administer Psychedelic

Oregon regulators announced on Tuesday that they have approved the nation’s first state-licensed psilocybin facilitators to administer the psychedelic to adults at regulated facilities. The Oregon Health Authority (OHA) approved three facilitators—David Naftalin, Alexander Polvi and Jeanette Small—to provide psilocybin health services under the law that voters approved in 2020. “We want to congratulate the […]

Advocacy Groups’ 4/20 Letter Urges Biden To Back Marijuana Legalization And Take Steps To Remedy Criminalization’s Harms

A coalition of 85 civil rights and drug policy reform groups are sending a letter to President Joe Biden and other key federal officials on Thursday, using the unofficial marijuana holiday 4/20 to urge the administration to deschedule cannabis and support comprehensive legalization legislation. The letter, led by the Drug Policy Alliance (DPA) with other […]

error: