Marijuana companies operating legally according to state laws where the cultivation and sale of the drug is allowed will not face action by the Justice Department, nominee for Attorney General William Barr said in testimony to the Senate on Jan. 15. If Barr is confirmed and follows through, this would reverse a decision made by Jeff Sessions, Trump’s first attorney general.
The national affairs director of the Drug Policy Alliance, a group that favors decriminalization of drug users, said in a statement to Fortune, “Barr’s comments are a welcome development, and a break with his predecessor. He should now commit his Department to working with Congress on a solution to the state v. federal conflict, so that we can reform our outdated marijuana laws in a way that is consistent with racial justice values.”
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by Hilary Bricken, Principle at Harris Bricken Not many people get excited about revisions and updates to the very dry National Institute of Standards and Technology (“NIST”) handbooks. For example, the NIST 44 Handbook contains the “Specifications, Tolerances, and Other Technical Requirements for Weighing and Measuring Devices.” The handbooks are adopted every year at the…
PRESS RELEASE SOUTH SAN FRANCISCO, Calif., Jan. 20, 2022 /PRNewswire/ — Dama Financial (“Dama”), the nation’s largest provider of access to banking and payment solutions for the cannabis industry, has entered into an agreement to acquire GrowFlow Corp. (“GrowFlow”), whose business management and compliance tools have processed more than $3.3 billion for cannabis retailers, cultivators, processors, and distributors. Combining Dama’s…
At the tail-end of our recent phone interview, I mentioned to Leonard Tannenbaum, founder, partner, and CEO of West Palm Beach, Florida-based AFC Gamma (NASDAQ: AFCG), that the term “boutique REIT” had popped into my head as he was explaining how AFC goes about its business and how it differentiates itself from other REITs in…
CLEVER Leaves, a multinational global cannabis producer, has been granted a licence to more than double its cultivation facility in Portugal as it looks to Europe to help boost revenues after a difficult debut year as a listed company. In December, the company announced that the Portuguese health authority Infarmed had greenlit the expansion of…