Kids are buying pot-like drugs from corner stores. Lawmakers want to stop it. March 13, 2024 AggregatedNews Hemp Business Executive, News & Insights 0 Comments Efforts to put guardrails around the largely unregulated market for intoxicating hemp products have repeatedly sparked lawsuits. Mississippi is confronting an unlikely new drug scourge: Hemp. Intoxicating, hemp-derived products — which aren’t subject to testing or packaging requirements — are… Read More→
CT Retail Weed Sales Fall for Second Month March 13, 2024 Tom Hymes Connecticut, News & Insights, Retail 0 Comments Signaling a trend no market wants to see, Connecticut’s retail cannabis sales for both medical and adult-use fell by well over a million dollars between January and February. According to the Connecticut Department of Consumer Protection (DCP), which regulates the… Read More→
A Conversation with Canna Provisions’ Meg Sanders March 12, 2024 Tom Hymes Company Stories, Massachusetts, News & Insights, Spotlight 0 Comments Meg Sanders is co-founder and CEO of Massachusetts-based Canna Provisions, which currently boasts two popular retail outlets, one in the Berkshire/Western Mass. town of Lee, the other in the small nearby city of Holyoke. The company also produces products under… Read More→
Investing in Cannabis: Five Due Diligence Red Flags March 8, 2024 AggregatedNews Cannabis Investments 0 Comments By Griffen Thorne, Attorney at Harris Sliwoski Our cannabis team has performed due diligence on countless business purchases, investments, loans, and just about every other kind of transaction you can imagine. As you can imagine, we’ve seen some pretty bad and even… Read More→
New Email Marketing Rules from Google: What Cannabis Businesses Should Do Now March 7, 2024 Susan Gunelius Marketing 0 Comments By Susan Gunelius Google rolled out new email marketing rules designed to keep unwanted bulk email messages out of users’ Gmail inboxes. Cannabis businesses that don’t comply will see their rejection rate skyrocket and their deliverability plummet. In other words,… Read More→
Debunking Employee Stock Ownership Plan Myths & Fears for the Cannabis Industry March 7, 2024 Darren Gleeman Banking, Finance & Real Estate 1 Comment By: Darren Gleeman, Managing Partner of MBO Ventures An ESOP is a way to transfer ownership of a company, letting employees become the owners instead of selling to outside investors or competitors. Here's the basic idea: the company borrows money… Read More→
Mississippi, Medical Cannabis Advertising and the First Amendment March 6, 2024 AggregatedNews Marketing, Mississippi 0 Comments By Aaron Pelley, Attorney at Harris Sliwoski Mississippi’s Initiative 65 Easily one of the biggest legislative surprises of the 2020 was the passing of Mississippi’s Initiative 65, a medical cannabis bill with an extensive qualifying conditions list. In arguably the reddest… Read More→
Housing Cannabis: A Talk with NewLake CEO Anthony Coniglio March 5, 2024 Tom Hymes Company Stories, News & Insights, Spotlight 0 Comments Founded in 2019, New Canaan, Connecticut-based NewLake Capital Partners (OTCQX: NLCP) is a triple-net lease REIT that utilizes its cannabis, real estate, and financial services experience to purchase properties leased to U.S. cannabis operators. The company has tenants that span… Read More→
This Brewer Found A Way To Blend Beer and Cannabis March 4, 2024 Pam Chmiel Company Stories 0 Comments By Pam Chmiel The convergence of beer and cannabis into a single beverage is no longer just a concept—it's a reality. Ross Hunsinger, an experienced beer brewer, teamed up with Abstrax Tech, a company specializing in botanical terpene extraction, to… Read More→
Most Americans now live in a legal marijuana state – and most have at least one dispensary in their county March 3, 2024 AggregatedNews News & Insights 0 Comments Marijuana is illegal under federal law, but most Americans now live in a state that has legalized the drug. And most also have at least one cannabis dispensary in their county, according to a new Pew Research Center analysis. The analysis… Read More→
Michigan wants to study marijuana’s health benefits. It’s not easy. March 1, 2024 AggregatedNews Cannabis & Hemp Research, Michigan 0 Comments When Michigan voters approved recreational marijuana six years ago, the measure included an innovative mandate: using cannabis tax revenue to pay for research into the health benefits of the drug for military veterans. State officials later committed $40 million. Not a… Read More→
Cannabis Corporate Playbooks February 29, 2024 Hilary Bricken Best Practices, News & Insights 0 Comments By Hilary Bricken, Attorney at Husch Blackwell If you’re in house counsel at any company, you’re likely looking to cut down on the day to day, high volume minutia posed by a variety of commercial agreements and transactions that come… Read More→
Frequent Marijuana Use May Raise Risk of Heart Attack, Study Suggests February 29, 2024 AggregatedNews News & Insights 0 Comments A new study analyzed several years of surveys on increases in marijuana and cannabis consumption. People who frequently smoke marijuana have a higher risk of heart attack and stroke, according to a study published on Wednesday. The article, published in… Read More→
NYC Licensees Press State to Increase Enforcement of Illicit Stores February 29, 2024 Tom Hymes New York, News & Insights, Retail 0 Comments A letter-writing campaign organized by CannabisNYC is urging state lawmakers to engage in “immediate legislative action against the proliferation of unlicensed cannabis storefronts.” The deadline for licensed New York City dispensary owners and others to sign the form letter was… Read More→
The immediate impact of 280E on price multiples of cannabis companies: Part IV [1][2] February 28, 2024 Lane Bruns Banking, Finance & Real Estate, Cannabis Investments 0 Comments By Lane Bruns, CEO of ICANIVEST PART IV: EV/EBITDA Multiple = Enterprise Value(enterprise) /Earnings before Interest Taxes Depreciation and Amortization (enterprise) Recall that the removal of 280E means cannabis companies stop paying taxes on gross margins and start paying taxes… Read More→