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Cannabis Legalization and its Impact on the Transportation Industry

Trends in Cannabis Legalization While employers in the transportation industry are acutely aware of the effects COVID-19 has imposed over the last 18 months, another phenomenon has been making itself known: the ever-increasing tally of states and localities across the country legalizing cannabis for medicinal and recreational purposes. A majority of states now have enacted…

Cannabis tech startup Dutchie raises $350M to double valuation to $3.75B in less than a year

Dutchie is rolling in the green. The Bend, Ore.-based creators of technology to help facilitate legal cannabis orders has raised $350 million in a Series D funding round, announced Thursday. The influx of new cash comes just seven months after the startup raised $200 million. Dutchie’s valuation has doubled to $3.75 billion. “Cannabis presents opportunities…

Canopy Growth Announces Plan to Acquire Wana Brands, the #1 Cannabis Edibles Brand in North America

PRESS RELEASE Transaction Strengthens Canopy Growth’s U.S. Ecosystem and Increases U.S. Cannabis Market Exposure Upon Federal Permissibility Smiths Falls, Ontario, Canada & Boulder, Colorado, USA [Thursday, October 14, 2021] – Canopy Growth Corporation (“Canopy Growth” or “the Company”) (TSX: WEED, NASDAQ: CGC) and Mountain High Products, LLC, Wana Wellness, LLC and The Cima Group, LLC…

Cannabis M&A: Disclosure Schedules

by Griffen Thorne, Attorney at Harris Bricken My last post in this series, which ran a few weeks ago, went over some of the more common representations and warranties you’d see in the average cannabis M&A transaction. In that post, I briefly mentioned disclosure schedules, which are an integral part of a purchase agreement and…

German Police’s Move To Stop Adult-Use Cannabis Legalisation A Throwback To Dark Days Of Prohibition

CALLS by the leaders of two German police unions for politicians to U-Turn on the their progressive march towards cannabis legalisation have been roundly condemned. This comes as political talks continue towards the the formation of a cannabis-friendly ‘Traffic-Light Coalition’. It appears that it is just these talks – and the potential for adult-use legalisation…

N.J. announces 14 new medical marijuana licenses, expanding market after long delay

New Jersey has licensed 14 new marijuana businesses, bringing a long-awaited expansion of the state’s medical marijuana program that exceeds original plans. The Cannabis Regulatory Commission on Friday announced the winners of a competitive and burdensome licensing process that began two years ago. Nearly 200 entrepreneurs applied for licenses to grow and sell medical marijuana,…

Marijuana sales drop in Colorado after huge surge in July

Medical and retail marijuana sales fell in August for the second consecutive year, while the state’s tax and fee revenue also declined, according to the Colorado Department of Revenue’s September report. Prior to last year, marijuana sales throughout the month of August had continuously increased from the previous month since 2014, according to the report. Throughout…

Federal judge strikes down Missouri medical marijuana residency requirement

A federal judge has struck down Missouri’s residency requirement for ownership in the state’s medical marijuana companies, which could open the door to out-of-state operators capturing a larger share of the fledgling industry. The requirement had already been blocked from enforcement in June by U.S. District Judge Nanette Laughrey of the Western District of Missouri.…

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