Subversive Real Estate Acquisition REIT is combining with Israeli marijuana producer InterCure in a deal that values InterCure at $300 million and is intended to secure a Nasdaq listing for the combined company. InterCure’s Canndoc subsidiary is Israel’s largest licensed cannabis producer, Subversive said in a news release. Subversive RealContinue Reading
Arizona’s longstanding 130 medical cannabis businesses – which are vertically integrated, by law – may now each snag a second cultivation license under a relatively new interpretation of the recreational marijuana legalization initiative approved by voters last November. “Under the law, an MMJ establishment can have an offsite cultivation locationContinue Reading
There’s nothing like enjoying the long, slow burn of a perfectly fat blunt for a supersized session. Maybe you’re sitting down alone to enjoy some peace and solitude while you relish in the flavors and feelings, or maybe you’re zooming with friends. Either way, there is an almost sacred feelingContinue Reading
Minnesota Gov. Tim Walz is again trying to prod lawmakers to consider legalizing a recreational marijuana market, but the Republican-controlled state Senate is seen as an obstacle. The issue came up again this week as Walz unveiled his administration’s proposed biennial budget, amid reports that lawmakers plan to introduce legislationContinue Reading
A new beverage group has been formed to connect leaders in the cannabis and beverage industries who hope to expand that segment of the hemp and marijuana sectors. Newly formed Cannabis Beverage Council inspired by alcohol prohibition is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news forContinue Reading
Florida-based marijuana inventory tracking firm Metrc lost an appeal in Missouri over whether the company was contractually allowed to charge licensed medical cannabis businesses extra money for state-mandated plant tags. The court loss, according to Law360.com, follows an initial ruling by a district court that found the state was correctContinue Reading
Nevada cannabis regulators are accusing a marijuana testing lab of falsely boosting THC potency numbers and allowing contaminated products to pass. Nevada cannabis testing lab targeted for passing tainted samples is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Read More: NevadaContinue Reading
Now that President Joe Biden has been sworn in and Democrats have taken control of Congress, many cannabis industry executives might expect some reform of federal marijuana policy within the next two years – and perhaps even full legalization. The key question is how far Congress and the new BidenContinue Reading
