Marijuana lender Sweet Leaf Madison Capital closes $100 million debt facility

Marijuana industry finance company Sweet Leaf Madison Capital (SLMC) closed a $100 million debt facility, which could be increased to $200 million. SLMC said the funding came from an unspecified “New York-based global institutional special situations asset manager.” ADVERTISEMENT “Both parties will have an option to evaluate the progress and increase the debt facility to […]

Military Veterans Could Get Medical Marijuana Recommendations From Government Doctors Under New Bipartisan Congressional Bill

Bipartisan congressional lawmakers have refiled a bill to provide military veterans with access to medical marijuana. Reps. Brian Mast (R-FL) and Earl Blumenauer (D-OR), co-chairs of the Congressional Cannabis Caucus, are the chief sponsors of the Veterans Equal Access Act. The measure has been introduced several times in recent years with bipartisan support but has […]

Curaleaf acquires Utah medical cannabis retailer for $20 million

New York-based Curaleaf Holdings is spending $20 million to acquire Deseret Wellness, the largest medical cannabis retailer in Utah. The cash-and-stock deal, expected to close immediately, includes three dispensaries in Park City, Payson and Provo that have a combined annual revenue run rate of $14 million, according to a news release. ADVERTISEMENT The priciest buy […]

New York CAURD License Injunction Partially Lifted

On November 10, 2022, Judge Gary L. Sharpe of the New York Federal District Court in Syracuse entered an order enjoining New York’s retail cannabis dispensary application process in five regions of the state (Brooklyn, Central New York, Finger Lakes, Mid-Hudson and Western New York) for the Conditional Adult Use Retail Dispensary (“CAURD”) licenses (the […]

Oregon Lawmakers Propose Tweaks To Drug Decriminalization Law That Voters Approved

“We owe it to Oregonians to make sure that the voters that passed ballot measures are getting what they asked for in a more timely, transparent and accountable manner.” By Ben Botkin, Oregon Capital Chronicle Oregon lawmakers and providers who serve people with drug and alcohol addictions have a common goal: making the state’s decriminalization […]

Renowned Cannabis Breeder Sues Company Over Termination

One of the most influential marijuana breeders in the world has filed a lawsuit against a cannabis company, alleging that he lost his job there due to the fact that he suffers from Parkinson’s disease and required certain accommodations.  Christopher Lynch filed the suit against Node Labs Inc. in a San Francisco court on Monday.  […]

Washington Poised To Prohibit Pre-Employment Discrimination For Marijuana Use Following House Approval Of Senate Bill

Both chambers of the Washington State legislature have now passed legislation to prevent employers from discriminating against job applicants for marijuana use. The House of Representatives on Wednesday approved an amended version of SB 5123, which the state Senate passed late last month, in a vote of 57-41. “It makes no sense to limit our […]

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