U.S. Treasury Secretary Janet Yellen expressed her strongest support yet of marijuana banking reform – and frustration over the lack of progress on the issue in Congress.
Jeff Smith
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Massachusetts Senate passes bill to crack down on excessive cannabis fees
The Massachusetts state Senate unanimously passed a package of cannabis reforms that includes clamping down on the exorbitant fees some municipalities are charging licensed marijuana businesses.
Marijuana MSO Jushi expands Nevada presence by closing on $53.6M purchase
Florida-based marijuana multistate operator Jushi Holdings bolstered its operations in Nevada, closing on its previously announced agreement to acquire NuLeaf for up to $53.6 million in cash and stock.
Marijuana real estate investor NewLake to pump $34M into C3 in Missouri
Connecticut-based NewLake Capital Partners plans to invest as much as $34 million in a marijuana cultivation operation in Missouri.
US House passes medical marijuana research bill
The U.S. House of Representatives passed legislation that would provide a much-needed boost to efforts to research medical marijuana, which, in turn, could bolster legalization efforts and industry markets.
US cannabis MSO revenue surges in 2021, fueled by expansion, acquisitions
The top cannabis multistate operators in the U.S. posted huge revenue gains in 2021 over the previous year as they expanded in high-growth markets and filled gaps in their geographic footprints through small and large acquisitions.
Key US senator says he’s open to medical marijuana legalization
Lindsey Graham, a leading U.S. Republican senator, opposes the marijuana legalization measure passed on Friday by the U.S. House of Representatives but said he’s open to legalizing medical cannabis.
US House passes landmark federal marijuana legalization bill – again
The U.S. House of Representatives, for the second time in its history, passed a sweeping bill Friday that would end the federal government’s prohibition on marijuana, but the Senate looms as a big hurdle to passage of the legalization measure.
Medical marijuana bill in Tennessee falters
Efforts to legalize medical marijuana in Tennessee via its Legislature apparently have stalled for the year.
Marijuana legalization bill advances to US House for debate, vote
The comprehensive marijuana legalization bill known as the MORE Act is expected to be debated by the U.S. House of Representatives on Thursday morning, with a vote likely later in the day or on Friday.
Scotts-backed RIV Capital buys New York marijuana operator Etain for $247M
A Canadian investment firm bankrolled by a unit of lawn and garden giant Scotts Miracle-Gro agreed to purchase New York-based marijuana company Etain Health for $247 million.
Company tapped by DEA to grow marijuana for research files to list on Nasdaq
A Florida company with “conditional approval” from the U.S. Drug Enforcement Administration to cultivate marijuana for research purposes could become the first U.S.-based plant-touching business to trade on the Nasdaq market.
