Can the U.S. cannabis industry claim its first plant-touching “unicorn” – a company valued at $1 billion?
Captor Capital, a Toronto-based investment firm, certainly thinks so.
John Schroyer
John Schroyer's Latest Posts
Cannabis legalization plaintiffs make case, await judge’s ruling
After a roughly three-hour-long hearing in New York on Valentine's Day, the plaintiffs in a lawsuit attempting to legalize marijuana on a national scale in the United States will have to be patient as they wait to hear if their case will move forward. U.S. District...
Liquor titan’s CEO: Alcohol companies eyeing cannabis industry
The CEO of one of the world's largest liquor companies says the alcohol industry is keeping close tabs on the marijuana market - with one eye on the future. "We look at it closely. The whole sector is watching it closely,” said Alexandre...
Detroit issues moratorium on medical cannabis business permits
The Detroit City Council on Tuesday approved another delay on the issuance of new medical marijuana business permits, a situation that has been contentious in the Motor City for years and which threatens the stability of the longstanding local MMJ industry.
The new 180-day moratorium on MMJ licenses comes about a month after the city decided to delay handing out permits due to a lawsuit, and according to the Detroit Free Press, City Councilman James Tate is drafting a new zoning and regulatory ordinance for cannabis companies.
‘Critical flaw’ found in Ohio’s medical cannabis grow license scoring process
Ohio's state auditor has found a "critical flaw" in the process used by the Ohio Department of Commerce to score business applications for a limited number of medical marijuana cultivation licenses. According to The (Cleveland) Plain Dealer, Auditor Dave Yost said at...
Bipartisan coalition of US senators back medical marijuana protections
A group of 18 U.S. senators - including 15 Democrats and three Republicans - have sent a formal request to the heads of the Senate Appropriations Committee to reiterate their support for states' rights when it comes to regulating marijuana. The letter, which was...
Cannabis legalization lawsuit gets key hearing Wednesday
A lawsuit that seeks marijuana legalization nationwide through the courts will face one of its first major hurdles Wednesday, when attorneys present oral arguments to halt the U.S. Department of Justice's bid to dismiss the case. The suit, filed in July by a...
US attorney general reiterates commitment to federal marijuana ban
U.S. Attorney General Jeff Sessions isn't wavering in his opposition to marijuana, even if it's not a top priority for President Trump and the rest of his administration. Sessions told a meeting of the National Sheriffs' Association on Monday that it's "frustrating"...
Massachusetts DAs ask regulators to nix home delivery, cannabis cafes
District attorneys are asking Massachusetts marijuana regulators to hold off on the licensing of certain types of businesses, including so-called cannabis cafes and home delivery services. In a letter to the five-member Cannabis Control Commission, the Massachusetts...
Illinois appeals judge’s decision to add pain to medical marijuana conditions list
The Illinois Department of Public Health has appealed a decision to add severe pain as a qualifying condition for medical marijuana in a case that could greatly expand access to the drug in the state. The appeal comes weeks after a Cook County judge ordered the health...
Federal medical cannabis protection extended again
The only federal law formally preventing the U.S. Department of Justice from prosecuting medical marijuana businesses has once more been given a new lease on life. This time, the Rohrabacher-Blumenauer Amendment - formerly known as Rohrabacher-Farr - has been extended...
First marijuana retailer in Tacoma, Washington, shuttered for not paying taxes
A nearly 4-year-old cannabis retail operation in Tacoma has been closed down because it had an unpaid state tax bill of $1.4 million. The Washington state Liquor and Cannabis Board revoked the business license of Rainier on Pine and also seized all cannabis products...
