Canadian marijuana retailer Fire & Flower raising CA$16M via key investor

Major Canadian cannabis store chain Fire & Flower is raising 16 million Canadian dollars ($11.7 million) from its key investor, gas station and convenience store giant Alimentation Couche-Tard. The capital raise includes a CA$11 million loan from Couche-Tard to Fire & Flower, which carries an 11% annual interest rate and matures at the end of […]

Cory Booker Pushes For Psychedelics Reform To Unlock Therapeutic Access

As Sen. Cory Booker (D-NJ) works to enact marijuana reform before the end of Congress, he’s also pushing to promote access to psychedelics that he says hold therapeutic potential. In a video posted to Twitter on Monday, the senator talked about how psychedelics like psilocybin are strictly controlled under federal law as Schedule I drugs, […]

Booker says “good shot” for cannabis in lame duck (Newsletter: October 18, 2022)

CO gov wavers on psychedelics endorsement; Sanders “worries” about youth marijuana Qs; KS medical cannabis “not a priority”; Gun lawsuit hearing Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes Marijuana Moment possible… Your […]

Canadian cannabis producers’ unpaid tax bills soar as industry seeks reform

A growing number of Canadian cannabis businesses are failing to pay their federal excise taxes on time, a sign that companies are struggling and deferring their tax bill to meet more pressing needs – such as paying employees. Industry officials said the unpaid taxes – nearly 100 million Canadian dollars ($72.4 million) for the first […]

Puerto Rico senator proposes bill to erase cannabis possession charges

A senator in Puerto Rico has filed for a bill that would erase charges for low-level cannabis possession. Telemundo Puerto Rico reported some of the statements made by Vidot. “President Biden had the bravery that many haven’t had here, verbalizing that it makes no sense for there to be legal repercussions for the simple possession […]

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