Chewing gum heir William “Beau” Wrigley Jr.’s marijuana multistate company Parallel and music mogul “Scooter” Braun’s Ceres Acquisition Corp. mutually called off their $1.9 billion blockbuster merger, gumming up Wrigley’s plans to take his MSO public.
Florida-based marijuana multistate operator Trulieve Cannabis announced it is on the verge of raising $350 million of capital through the private sale of five-year notes at an 8% annual interest rate.
Canadian cannabis companies have picked up the pace to position themselves in the fast-growing markets south of the border – with a number of the deals essentially a wager that the United States will soon legalize marijuana.
The U.S. House Judiciary Committee on Thursday advanced the sweeping social justice-focused marijuana legalization bill known as the MORE Act in a first step toward passage in the full House.
Pennsylvania Democrats, as expected, are trying again to legalize adult-use cannabis through legislation. State Reps. Jake Wheatley and Dan Frankel on Tuesday introduced House Bill 2050, which would create a recreational marijuana market with limited licensing, a...
Former NBA All-Star Chris Webber broke ground on a $50 million cannabis operations and training center in Detroit’s trendy Corktown neighborhood.
Mississippi’s legislative leaders asked Gov. Tate Reeves to call a special session to consider a medical marijuana measure and tackle other legislative issues.
A Mississippi legislative group agreed on a proposed medical marijuana program that would be more limited than what voters overwhelmingly approved at the ballot box last November. The proposed measure, for example, would enable local governments to opt out of...
The U.S. House of Representatives passed a defense budget bill Thursday evening that includes landmark legislation to make it easier for banks to serve marijuana businesses, but it appears a long shot that the U.S. Senate will follow suit and approve some form of the SAFE Banking Act.
The U.S. House of Representatives on Tuesday night adopted by a voice vote a cannabis banking amendment as part of this year's defense budget bill. The National Defense Authorization Act for Fiscal Year 2022 still must be passed by the full House, but the approval of...
E-commerce giant Amazon has stepped up its efforts to support federal marijuana reform and provide a more equitable workplace in terms of MJ policy. In a blog post Tuesday, the company’s human resource chief noted two recent developments: ...
New Jersey regulators reportedly won’t make Saturday’s statutory deadline to begin accepting adult-use marijuana business license applications for the projected $1 billion market. But they plan to publish a public notice that lists an application start date and the...
