Supreme Cannabis Announces 15% Reduction in Workforce
The Supreme Cannabis Company, Inc. (FIRE) yesterday announced the implementation of a new operating structure, including staff reductions, to drive efficiencies and support long-term, profitable growth. Read on »
Marijuana Decriminalization Approved By Virginia Senate And House
The Virginia Senate approved a bill yesterday to decriminalize possession of marijuana. Given that Gov. Ralph Northam also supports the change, it is all but certain that the state will soon become the 27th in the U.S. to remove the threat of jail time for low-level marijuana possession. Read on »
Top Pro-Trump Lawmaker: Congress Will Ignore President’s Push To End Medical Marijuana Protections
Congress will ignore President Trump’s budget request to end a current policy protecting medical marijuana states from federal interference, a Republican lawmaker said yesterday. Read on »
Cannabis SPAC Greenrose Acquisition prices $150 million IPO at $10
Greenrose Acquisition (GNRSU), a blank check company targeting the cannabis industry, raised $150M by offering 15 million units at $10 to command a market value of $191M. Read on »
Move over, pot: Psychedelic drug companies gear up to list on Canadian stock exchanges
The first companies developing medical treatments from psychedelic drugs like LSD, ketamine and the active ingredient in magic mushrooms are gearing up to list on Canadian stock exchanges. Read on »
Bloomberg Under Fire For Defending Racial Disparities In Marijuana Arrests In Newly Resurfaced Recording
In a newly released recording, 2020 Democratic presidential candidate Mike Bloomberg can be heard defending racial disparities in marijuana arrest rates by arguing that minority neighborhoods are “where all the crime is.” Read on »
Black entrepreneurs struggle to join legal weed industry
Now that corporate interests and large investors have targeted the mushrooming marijuana industry, some African Americans wonder if racial inequities will prevent them from participating in the leafy economic boom. Read on »
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