New York Governor Kathy Hochul last week announced that the state’s cannabis social equity fund has secured a $150 million investment to support entrepreneurs licensed to open recreational marijuana retail shops. Under the terms of the deal, Chicago Atlantic Admin, LLC will invest up to $150 million in secured capital to provide loans to business
The White House is putting a new meaning to its name. A white substance found in 1600 Pennsylvania Avenue reportedly tested positive for cocaine, according to a preliminary field test, The Guardian reports. From fast food chain bathrooms to childhood bedrooms over Christmas, the infamous “white powder” (and we’re not talking about snow) tends to
In the British Isles, Jersey Hemp is the only farm permitted to cultivate hemp. While it’s licensed to produce CBD products, the United Kingdom government recently closed the farm down because it found trace amounts of THC in the farm’s products. According to a BBC report, Jersey Hemp co-owners David Ryan and Blair Jones were
An Oklahoma cannabis activist has joined forces with three of the state’s medical marijuana providers to file a lawsuit against increased regulatory fees that went into effect last month. The legal action, which maintains that the fee increases are unconstitutional, was filed on Friday by Jeb Green, founder of Oklahomans for Responsible Cannabis Action, and
The Land Down Under made a historic move over the weekend, though some experts are cautious as to how exactly the major change will fully pan out. Australia became the first country in the world to authorize psilocybin and MDMA use through a doctor’s prescription to treat psychiatric conditions like post-traumatic stress disorder (PTSD) and
Robert F. Kennedy Jr. vowed to make major drug reform a reality should his long-shot presidential bid land him in the White House. In an interview last Thursday, Kennedy, who is challenging President Joe Biden for the 2024 Democratic nomination, said he would change the federal prohibition on cannabis. “I would decriminalize marijuana on a
On June 22, U.S. Forest Service (USFS) deputy chief for business operations Tony Dixon published a statement exploring the relationship and impact of cannabis on federal employees. “Over the last 10 years or so, our views around the use of marijuana have shifted radically,” Dixon stated. “Many states have legalized use of marijuana for medicinal
The ATF released clarification on May 30 to firearm owners after the passage of cannabis legalization in Minnesota, reminding them that until federal law changes, they no longer have a right to own or possess guns or ammunition, that is if they partake in smoking, eating, or vaping the newly legalized, devil’s lettuce. Please see:
Monarch Technologies today announced its partnership with the City of Lancaster to assist with fee collection and compliance of local cannabis businesses. The move will help streamline compliance and enforcement while increasing cannabis revenue for the city. “By partnering with Monarch, Lancaster will finally have access to more accurate sales and compliance data in real-time,”
As the Cannabis payments ecosystem continues to expand based on technological advances as well as state and federal governance, the options for Cannabis payments are becoming more diverse. Besides using a debit card at a dispensary, there are 3 other options that are gaining popularity and acceptance from Cannabis license holders as well as consumers
