Category Archives: Uncategorized

Delaware Governor Dodges Question About Vetoing Marijuana Legalization Bills

The Democratic governor of Delaware won’t say whether he plans to sign or veto a pair of bills the legislature sent to his desk this week to legalize marijuana and establish a regulated adult-use market. Advocates are closely watching to see if Gov. John Carney (D) will again exercise his veto authority to quash cannabis […]

Canadian marijuana retail chain Nova reports reduced net loss for 2022

Nova Cannabis, the Canadian marijuana retailer behind the Value Buds discount chain, reported a net loss of 11.2 million Canadian dollars ($8.2 million) for its 2022 fiscal year, an improvement from a $20.6 million net loss in 2021. Revenue for the fiscal year ended Dec. 31 was CA$226.4 million, up 68.5% compared to 2021. ADVERTISEMENT […]

Distressed Cannabis Business Takeaways

[embedded content] On February 28th, I moderated our firm’s “Distressed Cannabis Businesses” webinar. In that webinar, Griffen, Ethan, Vince, and I discussed the current financial and economic pressure the entire cannabis industry is facing today. We covered reorganization, litigation, dissolution, M&A, receivership, secured interests, and liquidation. And we of course discussed how state-by-state cannabis regulations […]

Montana GOP Lawmaker Wants To Eliminate Recreational Dispensaries

More than two years after voters approved a measure legalizing recreational cannabis, and more than a year after the launch of the state’s regulated marijuana market, a Montana lawmaker wants to undo all of that.  Last week, Republican state Sen. Keith Regier introduced a bill that includes a slate of reforms to Montana’s cannabis policy, […]

Texas Expands Restrictive Medical Pot Program To Combat Opioid Epidemic

Texas is broadening its restrictive medical cannabis program to include patients fighting chronic pain, the Houston Chronicle reports, in addition to expanding approved THC dosing limits from one percent to 10mg. While that may seem shockingly low to medical patients in states with more liberal cannabis laws, currently, Texas’s medical marijuana law is CBD-only, as […]

Lawmakers In Dozens Of States Are Weighing Bills To Regulate Or Ban Kratom

“It really comes down to your evaluation of a harm reduction tool. Other than that, it’s a freedom issue.” By Ben Adlin, Filter Dozens of legislatures across the United States are currently weighing how to regulate or ban kratom, a plant with mild opioid-like properties that’s indigenous to Southeast Asia. It’s used by people around the world […]

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