Category Archives: Uncategorized

British American Tobacco invests in German cannabis company Sanity

British American Tobacco (BAT) has taken a noncontrolling minority stake in German cannabis company Sanity Group for an undisclosed sum, the multinational tobacco giant announced Monday. Sanity’s Series B funding round raised $36.7 million, as first reported by Bloomberg. ADVERTISEMENT The funding round was led by BAT, alongside California-based Casa Verde Capital and Switzerland-headquartered Redalpine, […]

Booker Calls For End To Marijuana Prohibition To Solve ‘Twin Crisis’ Of Ongoing Arrests And Lack Of Banking Access For Businesses

Sen. Cory Booker (D-NJ) says that federal marijuana prohibition has created a “twin crisis” where people are still being arrested over cannabis in many states while, elsewhere, state-legal businesses are being locked out of financial services, compromising equity. The senator released a video on Friday that underscores the consequences of the policy disconnect and stresses […]

New York’s Social Equity Fund Limited Partnership Agreement

During a little advertised Cannabis Control Board (CCB) meeting, the CCB announced and approved a Limited Partnership Agreement for New York’s Social Equity Fund. As a brief refresher, the Social Equity Fund was mandated by the Marijuana Regulation and Taxation Act (MRTA). On January 5, 2022, Governor Kathy Hochul announced that the fund would be, […]

U.S. justice department filing likens cannabis users to domestic abusers

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Wisconsin Governor’s Push To Allow Ballot Initiatives Could Put Marijuana Legalization Before Voters

The governor of Wisconsin is asking lawmakers to give the people the right to put citizen initiatives on the ballot—and advocates are hopeful that the move could open the door to finally letting voters decide on marijuana legalization. Gov. Tony Evers (D) signed an executive order last week to convene a special legislative session starting […]

Florida marijuana testing labs under fire as industry tackles potency problem

Florida regulators recently cracked down on several licensed medical marijuana testing labs, tightening the screws on a part of the cannabis industry that is increasingly coming under fire across the country. The issues of inflated THC potency results and lab shopping are hot topics in the cannabis industry right now. ADVERTISEMENT The situation is multifaceted, […]