Category Archives: Uncategorized

Cannabis financier Safe Harbor renamed SHF Holdings after SPAC acquisition

Special purpose acquisition company (SPAC) Northern Lights Acquisition closed its acquisition of cannabis financial institution Safe Harbor Financial, taking the company public on the Nasdaq Capital Market and changing its name to SHF Holdings. SHF Holdings shares started trading on the Nasdaq SHFS on Sept. 29. ADVERTISEMENT The acquisition, originally worth $185 million, was announced […]

Long Island Cannabis Dispensary Zoning

Prospective cannabis businesses seeking to open dispensaries on Long Island are running into several issues and roadblocks with the proposed or adopted zoning legislation restricting operators to mainly industrial areas. As it stands, dispensaries can open only in Long Island towns that opted in for retail cannabis sales. To date, Babylon, Brookhaven, Riverhead and Southampton have opted-in […]

Senators File NDAA Amendments To Legalize Medical Marijuana For Military Veterans And Protect VA Home Loan Benefits

Senators have filed another pair of marijuana amendments to a large-scale defense bill. The new proposals, if enacted, would legalize medical cannabis for military veterans and press the Department of Veterans Affairs (VA) to ensure that people who served in uniform don’t miss out on federal home loan benefits just because they work in the […]

Marijuana and munchies: Fire & Flower and Circle K set a convenient, weed-friendly path

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California cannabis company’s default highlights debt woes facing state’s MJ businesses

In what observers say is a sign that California’s struggling legal cannabis industry is slouching toward a long-predicted “extinction event,” a major Southern California brand in the middle of ambitious expansion plans was recently sued by its landlord after falling behind on millions of dollars in lease payments. In July, privately held Kings Garden – […]