New York fund manager JW Asset Management is teaming up with former NBA All-Star Chris Webber to launch a planned $100 million private equity fund that will invest in underrepresented marijuana entrepreneurs.
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Tuatara-backed SPAC raises $175 million to target cannabis acquisitions
Tuatara Capital Acquisition, a cannabis-focused special purpose acquisition company (SPAC), said it raised $175 million in an initial public stock offering with an option for its underwriters to purchase and sell an additional $26.3 million worth of securities....
New Mexico adult-use marijuana bill advanced by state House panel
A New Mexico legislative committee Monday advanced a social equity and microbusiness-focused adult-use marijuana legalization bill while tabling a more industry-oriented measure. The early step indicates what direction the Legislature appears to be headed and reflects...
South Dakota AG abandons effort to defend adult-use marijuana initiative
The South Dakota Attorney General’s Office is dropping its defense of a voter-approved adult-use marijuana amendment after earlier asserting in court that the initiative was constitutional.
Marijuana company Dixie sued for alleged patent infringement
A Texas company is suing Denver-based marijuana infused products maker Dixie Brands for allegedly unlawfully using a patented technology as a store locator on its website.
Credit union innovator to head new cannabis bank
Cannabis banking-compliance innovator Sundie Seefried is transitioning from her broader role as CEO of a Colorado credit union to a sole focus on cannabis issues. Seefried is stepping down from her longtime position as chief executive of Partner Colorado Credit Union...
Colorado awards first adult-use cannabis delivery license
Colorado issued its first adult-use cannabis delivery permit, reflecting a continuing nationwide trend to allow home delivery in the wake of the coronavirus pandemic. High Country Supply, doing business as Colorado Harvest Co., received the...
Senate Majority Leader Schumer’s marijuana reform push embraced, but stiff challenges await
Senate Majority Leader Chuck Schumer’s commitment to make federal marijuana reform a priority sent cannabis stocks surging last week and thrilled advocates, but experts caution that high hurdles persist for comprehensive legislation to pass Congress. What makes the...
Prospects for adult-use cannabis legalization loom large in Connecticut
Connecticut’s heavily regulated medical cannabis market is expected to post a respectable 15% increase in sales this year, but it’s the prospect of adult-use legalization and a nearly $750 million market that has multistate operators rubbing their hands.
Cannabis MSO Green Thumb nets $100M through initial US stock sale
Cannabis multistate operator Green Thumb Industries said it accepted an offer to sell $100 million of stock to a single institutional investor as part of a previously announced securities offering in the United States - a first for the company. Chicago-based Green...
New cannabis group formed to unify push for comprehensive federal reform
A number of cannabis businesses, associations and advocacy organizations have combined to form a nonprofit organization to unify their push for federal marijuana legalization.
Virginia lawmakers pass landmark recreational marijuana legalization bills
Virginia took a major step toward becoming the 16th state in the nation to legalize a recreational marijuana market and the first in the South after the House of Delegates and Senate passed different legalization bills on Friday.
