Month: July 2020 (Page 2)

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Federal securities regulators have accused six people of deceiving investors by promising astounding returns as part of an alleged $25 million scam for a supposed marijuana farm and CBD extraction facility in California. SEC sues six in alleged $25M scam involving two cannabis enterprises is a post from: Marijuana BusinessContinue Reading

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Maine’s potential $300 million a year recreational marijuana program now is expected to launch sales by the end of the year, according to state officials. That would be more than four years after Mainers legalized adult use, with recent delays stemming from the coronavirus pandemic. The launch date is basedContinue Reading

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Canadian holding company FSD Pharma said it’s exiting the marijuana business and relinquishing Health Canada cannabis licenses held by subsidiary FV Pharma. FSD Pharma CEO Raza Bokhari said the decision was made to maximize shareholder value as the company focuses on: Research and development of a compound described as anContinue Reading

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A former state lawmaker who helped create Maryland’s medical marijuana industry was sentenced to two years in prison for taking bribes for legislative favors, including votes to benefit a medical marijuana company. During Wednesday’s sentencing, U.S. District Judge Catherine Blake said Cheryl Glenn, 69, sold her office to pay herContinue Reading

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As 2018 drew to an end, the cannabis industry faced a seismic change: Congress had passed (and President Trump had signed) the 2018 Farm Bill, thereby legalizing hemp — defined as cannabis with less than 0.3 percent THC. Cannabis reporters’ inboxes filled up with statements from industry folk “celebrating” andContinue Reading

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Some of the donors who defeated Arizona’s 2016 legalization bid are now in prison. 2020 could be the year Arizonans finally get it done. The post Election 2020: Arizona marijuana legalization initiative guide appeared first on Leafly. Read More: Election 2020: Arizona marijuana legalization initiative guideContinue Reading