Backers of a measure to legalize a recreational marijuana market in North Dakota said they have submitted 25,762 signatures by the July 11 deadline.
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Adult-use cannabis could appear on Arkansas ballot this fall
A referendum to legalize an adult-use cannabis market in Arkansas might be headed to the November ballot.
New York regulators identify 52 allegedly illicit marijuana shops
New York regulators publicly identified the 52 allegedly illicit marijuana stores that were sent cease-and-desist letters earlier this year and reiterated how such shops undercut the state’s equity goals.
Columbia Care CEO set to net $100M-plus from Cresco cannabis merger
Columbia Care co-founder and longtime CEO Nicholas Vita likely will emerge with more than $100 million in cash and stock thanks to Cresco Labs’ pending acquisition of the New York-based multistate marijuana operator.
US senators raise heat on President Biden, demand marijuana reform
A group of Democratic and independent U.S. senators is trying to up the pressure on the Biden Administration to remove marijuana from the federal Controlled Substances Act on criminal justice grounds.
Cannabis REIT NewLake invests $50 million in three properties
Cannabis real estate investment trust (REIT) NewLake Capital Partners said it has now fully committed the capital raised in a $100 million initial public offering last year by investing $50 million in three properties.
Clint Eastwood awarded $2 million over CBD company using his name
Famed actor and director Clint Eastwood won his second trade infringement lawsuit against CBD companies that have used his name or likeness to promote products without his permission.
Wrigley fights $80 million claim over Parallel’s failed Illinois marijuana deal
Chewing gum heir and former Parallel CEO William “Beau” Wrigley Jr. is fighting to escape any liability over the Atlanta-based company’s failed acquisition of six Windy City Cannabis shops in Illinois.
Key marijuana banking ally continues fight to get SAFE across finish line
U.S. Rep. Ed Perlmutter continues to push for marijuana banking reform, this time by filing the SAFE Banking Act as an amendment to the national defense budget bill for fiscal year 2023.
Cannabis tech company Akerna moves to raise $10 million as stock falls
Struggling cannabis technology company Akerna is seeking to raise $10 million in capital in part to meet its debt obligations and other expenses.
Nevada gives final approval for marijuana consumption lounges
Nevada regulators have at long last finalized rules that open up the state’s cannabis market to an estimated 60-65 marijuana consumption lounges, a move long welcomed by an industry eager to take better advantage of the state’s bustling tourism industry.
New York appoints chief equity officer to oversee marijuana diversity efforts
New York regulators installed a chief equity officer, a key step to the state’s plan to develop a diverse, multibillion-dollar recreational marijuana industry.
