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Colorado-based cannabis-focused finance company SHF Holdings said it is spending $30 million in a cash-and-stock deal to acquire financial technology company Rockview Digital Solutions, which does business as Abaca. ADVERTISEMENT According to a news release: When the deal closes, shareholders of North Little Rock, Arkansas-headquartered Abaca will receive $3 million in cash and $8.4 million […]
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Yet another poll has found that Maryland voters, including a majority of Republicans, are prepared to approve a marijuana legalization referendum at the ballot next week. There are five states with cannabis reform on the ballot for this election, and surveys signal that Maryland’s measure has the strongest likelihood of being approve. In this latest […]
The attorney general of New Jersey last week issued a new directive on drug testing requirements for law enforcement agencies, a necessary update following the launch of the state’s legal cannabis market earlier this year. Matthew Platkin, who was confirmed as the state’s AG last month, said that following the opening of the regulated marijuana […]
A state-run business advocacy team will provide free technical assistance, training and mentorship to New Jersey adult-use marijuana license applicants. ADVERTISEMENT The New Jersey Cannabis Regulatory Commission designated the New Jersey Business Action Center (NJBAC) to spearhead the new program, which will provide support in the following areas: Business registration. Marketing and branding. Corporate structure. […]
After leading a successful legal challenge against a voter-approved recreational pot amendment, South Dakota Gov. Kristi Noem says she won’t stand in the way the second time around. Voters in the state will decide next week on Initiated Measure 27, a proposal to legalize personal possession of marijuana for adults aged 21 and older. Noem, […]
David Olsky The cannabis industry has grown dramatically with each new state that legalizes its sale. Still, the industry continues to have the reputation of being a no-holds-barred Wild West. As a result, partnership disputes, bad business practices and “off-the-books” backroom dealings abound, particularly in contrast to other, more mature, established industries. Here are three […]
Dr. Max Jones and Dr. Gale Bozzo, two professors at UG’s Ontario Agricultural College (Department of Plant Agriculture), received a Health Canada “dealer’s license” on Oct. 25. The license permits the cultivation of psilocybin mushrooms, and is one of the first universities in Canada to be permitted to do so. “We are very excited about […]