Category Archives: Uncategorized

New York’s $200 million marijuana social equity fund still awaiting capital

A first-of-its kind $200 million social equity fund in New York that’s been promised to qualified marijuana entrepreneurs is still awaiting its first investment that would help bankroll the effort, fund managers told MJBizDaily. Under the state’s Marijuana Regulation and Taxation Act (MRTA), the first 150 adult-use cannabis retail licenses are reserved for nonprofits and […]

Quebec court dismisses shareholder suit against cannabis producer Hexo

Hexo Corp. said it won the dismissal of a securities class action lawsuit that had been pending before the Quebec Superior Court against the Canadian cannabis producer and a former CEO. In the suit, filed in Quebec on Nov. 19, 2019, certain primary market and secondary market purchasers of the company’s stock had alleged that […]

High school cafeteria worker busted for selling edibles to students and Twitter wants to know who snitched

A cafeteria worker at a high school in Louisiana is accused of selling edibles to students and Twitter wants to know who snitched. “I want to commend this student who saw something and used the P3 app to bring this threat to the attention of our school officials and law enforcement,” said Tangipahoa Parish School […]

Tech firm Akerna sells software business, exits marijuana industry to join crypto venture

Akerna Corp., the parent company of pioneering cannabis technology company MJ Freeway, said Friday it’s exiting the marijuana industry based on headwinds much of the market is facing. Denver-based Akerna is merging with cryptocurrency business Gryphon Digital Mining in an all-stock deal that will allow the latter company to go public on the Nasdaq. ADVERTISEMENT […]

Virginia Senators Approve Bill To Reschedule Psilocybin And Create Board To Study Therapeutic Access

Virginia senators have approved a bill in committee to establish a statewide psilocybin advisory board and move the psychedelic to a lower schedule under state statute. The legislation from Sen. Ghazala Hashmi (D) passed in the Senate Education and Health Subcommittee on Health Professions in a 6-1 vote on Friday morning. This comes about a […]

Ayr Wellness backs off from $55 million cannabis retail acquisition in Chicago

Multistate operator Ayr Wellness said it has canceled its acquisition of Chicago cannabis retail operator Dispensary 33, citing changing market conditions. Miami-based Ayr described the decision to terminate the deal as “mutual,” according to a Friday news release. ADVERTISEMENT “The cannabis market has changed significantly in the 15 months since we agreed to acquire Dispensary […]

Volunteers smoke weed to show police how cannabis consuming drivers behave

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