Cannabis News, Politics, Tech, Guides, Photos and more!
Thursday, June 20, 2019
Charlotte’s Web, the cannabis company responsible for turning CNN’s Dr. Sanjay Gupta into a medical marijuana believer has filed for an IPO worth C$100 million. Priced at C$7.00 a share, the company and the selling shareholders will be receiving gross proceeds of $93,185,050 and $6,914,950, respectively. Late last week, Charlottes’ […]
The Mormon church ramped up its opposition this week to Proposition 2, which would allow medical cannabis in Utah, even as faith leaders insisted they support patients using it under strict controls. The LDS Church’s opposition to Proposition 2 pits it against a tough foe: faithful members who already use […]
In an interview with the New York Times, Tesla CEO Elon Musk denied being stoned when he tweeted that he had secured funding to take the company private, a move that resulted in the SEC subpoenaing the eccentric billionaire and his board of directors. In the tweet from earlier this month, […]
The cannabis industry just got its biggest investment to date: $4 billion, enough to make the legal weed market a booming global operation. The future of legalization is looking bright indeed, folks. That huge chunk of money was invested by Constellation Brands, which owns drinks like Corona, Modelo, and Svedka, […]
Nevada regulators and industry insiders say the state’s first year of broad marijuana legalization has exceeded even their highest expectations, with sales and tax collections already surpassing year-end projections by 25 percent. This may not come as a surprise to some, considering Nevada made $30 million in taxes, during the […]
Georgia jury reaches full acquittal after learning the suspect was growing cannabis for medicine. Javonnie McCoy was growing marijuana when the cops came to his Middle Georgia home. He was caught red-handed with it. Almost a pound of it, in fact. He admitted it to police, and later he looked […]
The Ontario government is turning to private retailers to sell marijuana in stores come October, shifting policy dramatically less than three months before Canada legalizes recreational use. Provincial Finance Minister Vic Fedeli and Attorney-General Caroline Mulroney are expected to make an announcement as early as next week outlining in broad […]
Marijuana legalization in Colorado and Washington state has “produced some demonstrable and persistent benefit” to police departments’ ability to solve other types of crime, according to researchers at Washington State University. “Our models show no negative effects of legalization and, instead, indicate that crime clearance rates for at least some […]
New York cannabis company, Acreage Holdings, is rolling in the green after their most recent funding round. The New York cannabis company, with dispensaries and greenhouses in 13 states, just closed a $119 million funding round. High-net-worth individuals and family offices were the biggest investors, chief executive Kevin Murphy told […]
John Boehner has a new take on legalization — and it’s way more chilled out than it used to be. The former House speaker — who for years huffed and puffed on Capitol Hill about the dangers of smoking weed — has joined the board of cannabis startup Acreage Holdings […]
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