Cannabis Daily News
Cannabis Daily News · page 21
- Markets & Stocks
Brittney Griner’s detention in Russia has been extended until at least July 2
STILL NOT FREE Brittney Griner will remain detained in Russia until at least July 2 WNBA player Brittney Griner’s detention in Russia has been extended until at least July 2, according to Russian state news, per CNN.
- CBD Market
The story behind Beau Wrigley’s ‘messy’ foray into the cannabis industry
STICKY SITUATION Wrigley’s cannabis company sued by investors Ten years after selling the Wrigley gum empire to Mars in 2008 for $23 billion, Beau Wrigley invested $65 million in Surterra Wellness, a medical cannabis company with dispensaries in Florida.
- CBD Market
Bipartisan legalization discussions are ‘tentative,’ but hopeful
TENTATIVE TALKS Lawmakers to debate a “marijuana omnibus bill.”
- Cultivation
Schumer working toward compromise on banking reform and expungements
HOPE FOR REFORM Schumer is pushing to progress the SAFE and HOPE acts.
- Cultivation
Even legal cannabis use can stop you working at the White House
JUST SAY NO Want to intern at the White House? Legal cannabis use could disqualify you The White House’s FAQ page for potential interns says all applicants will have to fill out a Standard Form 86, which in addition to vetting for criminal records and taxes owed, asks about prior drug use—including cannabis, reports Forbes.
- Cannabis Daily News
Cannabis banking reform could be passed before midterm elections in November
A SAFE BET? Could SAFE banking ‘be passed before midterms’?
- CBD Market
Some conservatives are using cannabis to deflect from calls for gun control
GUNNING FOR CANNABIS Wall Street Journal op-ed argues that cannabis is linked to violent crime While TV host Bill Maher suggested Republicans would support more of the Democrat efforts to federally legalize cannabis if there was less of an emphasis on social equity, a Wall Street Journal op-ed shows some conservatives in the US are…
- Cannabis Daily News
LP’s ‘bleeding cash’ while awaiting legalization
MSO > LPs Large US MSOs are trading at higher revenue multiples than Canadian LPs: Viridian Finally, after trending downward for the last year, American MSOs are trading at higher revenue multiples than Canadian LPs, per Viridian Capital’s latest chart of the week.
- Adult-Use
New York’s adult use market estimated to create 60,000 jobs
MOVING TO NY The Green Rush in New York has begun To illustrate the rush to snag one of 60,000 jobs estimated to be created by legalization in the state of New York, the NYT magazine profiled a couple from Tampa, Florida who moved to Brooklyn to try grow their legacy edibles and cannabis business.
- CBD Market
There is more cannabis research than ever, but it seems to be biased
ONE-SIDED STUDIES US cannabis research ‘explodes’—but may be biased Despite its ongoing federal illegality in the US, a review of marijuana research published in the Journal of Cannabis Research shows the number of research studies related to the plant and its effects has grown in recent years, per Marijuana Moment.
- Cultivation
Cannabis tourism in the US adds $17 billion into local economies
WEED MECCA The fledgling US cannabis tourism industry is already worth billions From private tours of indoor grows to restaurant and retail tours designed for cannabis consumers, Forbes estimates cannabis-related tourism pours around $17 billion into local economies in the US.
- Cannabis Daily News
The US federal government to be sued over the barriers cannabis companies face
FEDERAL LAWSUIT Group of cannabis companies gears up to sue the US federal government Abner Kurtin, founder and CEO of Ascend Wellness Holdings, said six companies are “favourably disposed” to joining two lawsuits against the federal government that would argue that barriers to their ability to do business are unconstitutional, per Marijuana Moment.
