Aurora Cannabis repurchases CA$103 million worth of debt

Canadian marijuana company Aurora Cannabis is continuing its debt-reduction quest, repurchasing roughly 103 million Canadian dollars ($76.1 million) worth of convertible notes. The debt repurchase, which cost the company CA$99.4 million in cash, leaves Aurora with about CA$148 million worth of notes outstanding. ADVERTISEMENT “The purpose of the transaction … was to reduce the company’s […]

New Jersey Lawmakers Approve Marijuana Banking Protections Bill As Congress Prepares To Act

A New Jersey Assembly committee has approved a bill to provide state-level protections for banks and insurers that work with licensed marijuana businesses. The Assembly Financial Institutions and Insurance Committee passed the bill from Assemblymember Verlina Reynolds-Jackson (D) with nearly unanimous support on Monday. The bill would not immunize banks that service state-legal cannabis businesses […]

Illinois picks new marijuana regulator; Michigan removes chief’s interim tag

Illinois Gov. JB Pritzker has appointed Erin Johnson as the state’s head marijuana regulatory officer, while Michigan Gov. Gretchen Whitmer made permanent Brian Hanna’s role as that state’s chief regulator. Johnson replaces former cannabis regulation oversight officer Danielle Perry, who was appointed by Pritzker in 2020. ADVERTISEMENT Illinois’ Cannabis Regulation Oversight Office is part of […]

What makes actress, director and screenwriter Lake Bell a better parent? A little weed

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Nevada Medical Pot Patients Can Sue Former Employer If Fired, Court Rules

If you’re a medical cannabis patient in Nevada, smoke up: medical cannabis patients in the state were recently empowered to consume cannabis on their own time after a landmark decision in court. On December 1, the Nevada Supreme Court ruled that employees in the state have the right to sue their former employees if they […]

Senator Files Bill To Prep for Federal Cannabis Legalization

Democratic Senator John Hickenlooper of Colorado on Thursday introduced legislation designed to prepare the country for national cannabis legalization, laying the groundwork for drafting regulations to govern legal marijuana at the federal level. The bill, the Preparing Regulators Effectively for a Post-Prohibition Adult Use Regulated Environment (PREPARE) Act, directs the U.S. attorney general to develop […]

Study Finds Weed Cases Are Clogging Pennsylvania Courts

Marijuana-related criminal cases are clogging local courts in Pennsylvania and putting an unnecessary burden on scarce law enforcement resources, according to a new study from a justice reform advocacy organization. The Lehigh Valley Justice Institute, a nonpartisan research and advocacy group based in Allentown, Pennsylvania, reviewed 27,826 criminal cases of all kinds prosecuted in Lehigh […]

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