Why the SAFE Banking Act Still Stinks: Third Try Falls Short June 27, 2023 Steven Schain Banking, Finance & Real Estate, Policy & Legal 0 Comments By Steven Schain While preferable to its predecessors, the SAFE Banking Act fails to provide legal marijuana growers, processors, transporters or sellers (marijuana-related businesses or MRBs) with the access to banking that every other legitimate industry enjoys. Is the third… Read More→
Thailand’s cannabis lovers face comedown amid legalisation U-turn June 9, 2023 AggregatedNews Thailand 0 Comments Southeast Asian country’s booming cannabis industry is under a cloud as politicians reconsider decriminalisation. Bangkok, Thailand – On Thailand’s Ganja TV, cannabis enthusiasts have followed the drug’s swift journey from banned narcotic, to legal plant for medicinal use, to recreational… Read More→
California Cannabis Credit Crunch May 30, 2023 Hilary Bricken California, News & Insights, Uncategorized 0 Comments By Hilary Bricken, Principal, Harris Bricken The California cannabis market is truly struggling all the way around. Cannabis businesses and those who work with them closely face mounting financial pressure. Because of the credit crunch in California cannabis, the state… Read More→
Marijuana’s First Analyst Talks About Prices, Financing and Black Markets April 17, 2023 AggregatedNews News & Insights 0 Comments For this week’s edition, Bloomberg News consumer editor Jonathan Roeder spoke with cannabis analyst Vivien Azer, who offered her perspectives on low marijuana prices, the banking crunch following SVB’s crash and how states are doing in their legalization efforts. Challenging outlook The US… Read More→
Banking Failures Are Hitting Weed Companies, Too March 19, 2023 AggregatedNews Banking, Finance & Real Estate 0 Comments Industry is uncertain whether its deposits are FDIC-insured, Risks seen for pot accounts and banking legislative prospects Crypto isn’t the only edgy new industry being roiled by the collapse of several banks. US companies that deal directly with cannabis, a federally… Read More→
What Biden’s Tax Plan Would Mean for the Cannabis Industry March 11, 2023 AggregatedNews Taxes 0 Comments By Griffen Thorne, Attorney at Harris Bricken President Joe Biden just dropped the federal budget for 2024. The White House boldly claims that the tax plan will reduce the deficit by $3 trillion over the next 10 years. But several… Read More→
Should My Dispensary Deliver its Own Cannabis or Work with a Service? February 22, 2023 Claudia Post Delivery Service 0 Comments By Claudia Post, No matter how successful your cannabis dispensary might be, it's always a good idea to consider additional revenue streams. Adding a delivery option for your retail store will attract new customers who prefer the convenience of online… Read More→
After the Green Rush: Bankruptcy Alternatives for Restructuring Cannabis Businesses February 15, 2023 Justin Kesselman Policy & Legal 0 Comments By George P. Angelich, Justin A. Kesselman, Patrick Feeney, Matthew R. Bentley Over the last decade, 37 states and 4 territories in the United States have legalized some form of cannabis sales for recreational or medical use by consumers.The industry… Read More→
Court upholds Wash. residency requirement for pot industry February 9, 2023 AggregatedNews Washington 0 Comments SEATTLE (AP) — A U.S. judge has upheld Washington’s residency requirement for involvement in the state’s legal cannabis industry — a decision at odds with a federal appeals court ruling concerning a similar requirement in Maine. A man who co-owns… Read More→
Curaleaf’s Boris Jordan on Reallocation, SAFE Banking, and Suing New York (Maybe) February 1, 2023 Tom Hymes Cannabis Investments, Company Stories, News & Insights, Spotlight 0 Comments Last week, Curaleaf, one of the cannabis industry’s largest multistate operators by any metric, including international footprint, announced the closure of operations in California, Colorado, and Oregon. The subhead of its press release, “Proactive Exit Will Generate Additional Cash and… Read More→
Ninth Circuit Affirms Dismissal of RICO Claims Relating to Cannabis January 25, 2023 AggregatedNews Policy & Legal 0 Comments By Jihee Ahn, Attorney at Harris Bricken Well, it looks like cannabis RICO lawsuits are not going to happen any time soon. As an update to this post I wrote in 2020, the Ninth Circuit has just affirmed the dismissal of two… Read More→
Cannabis industry looks ahead to 2023 after facing challenges in 2022 January 19, 2023 AggregatedNews Policy & Legal 0 Comments As many readers know, 2022 was a mixed bag for the cannabis industry. While new markets showed healthy growth, legal cannabis sales declined in many mature markets, slowing, or even reversing, growth in those markets. While some of this might… Read More→
From a Cannabis Recruitment CEO, Here’s Why You Should Provide Outplacement Services During Layoffs January 9, 2023 Liesl Bernard HR and Staffing 0 Comments By Liesl Bernard The tech industry has seen a number of layoffs largely due to economic volatility and weary signs of a looming recession. Now, from Curaleaf to Weedmaps — it seems the cannabis industry is faced with anticipated reductions… Read More→
What’s In Store For The European Cannabis Industry In 2023? (Part 2) January 5, 2023 Ben Stevens Europe 1 Comment You can read Part 1 of our 2023 predictions here. Enexis AB According to the cannabis investment firm Enexis, economic pressures will mean capital available for the European cannabis industry will be ‘scarce’ in the first half of 2023; however, it… Read More→
What’s In Store For The European Cannabis Industry In 2023? (Part 1) January 4, 2023 Ben Stevens Europe 0 Comments Following a milestone year for European cannabis in 2021, which saw many companies take advantage of a wave of excitement surrounding the young industry’s potential, 2022 saw this wave break sooner than many expected. 2023 is expected to bring yet… Read More→