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Why Did the Florida Supreme Court Shoot Down Recreational Marijuana in Florida?

The Florida Supreme Court strikes out the Make it Legal initiative on the basis that it was unconstitutional. Adding that the language used in the ballot is “misleading advantageously”. The court contended that the initiative’s ballot has Adult-use cannabis would be made legal in Florida. It argued that it did not state that under federal …

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Carbon-Negative Netherlands Biotech Company Coming to Canada

CANNABIS CULTURE – Netherlands-based biogenetics company  Perfect Plants (PP) is aiming to open a new location in the Greater Toronto Area.  They will be partnering with existing Canadian companies in developing and delivering sustainably produced plants, tissue, and seeds for agricultural use.   “Plant-based medicine is a very important thing,” says Perfect Plants CEO Lenny Karmiol.  …

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Health Canada Continues to Bully Victoria Cannabis Buyers’ Club

CANNABIS CULTURE – The Victoria Cannabis Buyers Club (VCBC) has secured a new three-year lease in the space they’ve occupied since 1996. However, Health Canada continues to strong arm the patient focused resource center. VCBC’s landlord has been threatened with imprisonment for renewing the lease. Last week the VCBC received a letter from the Community …

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Raw Hemp Pesto Recipe from the The Art of Cooking with Cannabis

It seems like a new state legalizes marijuana every week, with New York being the latest to hop on the bandwagon. This is good news from everyone from casual pot smokers to legacy market operators to small farmers and…chefs. When her home state of Vermont started the process of legalization in 2018, cookbook author Tracey …

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Multistate marijuana operator Cansortium nets $71 million of capital

Miami-based marijuana company Cansortium, which operates the Fluent brand, raised $71 million of capital in debt financing for financial liquidity and market expansion. The four-year senior secured loan will bear a 13% annual interest rate. A $50 million tranche of the loan includes a lower interest rate but warrants that the lenders can exercise into …

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Oklahoma judge suspends state’s cannabis seed-to-sale requirement

An Oklahoma judge ordered the 60-day suspension of a rule requiring medical cannabis businesses in the state to use the Metrc seed-to-sale tracking system that regulators had contracted for the service. The order by Special Judge Pandee Ramirez of the Okmulgee County District Court comes about two weeks after Dr. Z Leaf of Tulsa filed …

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New Mexico revokes license of one of state’s 34 medical marijuana firms

State regulators in New Mexico yanked the business permit of Santa Fe-based New MexiCann Natural Medicine after an explosion and fire at one of its locations last October. According to the Santa Fe New Mexican, the state Secretary of Health signed an order permanently revoking the company’s business permit, effective May 14. The business, which …

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Michigan’s Cannabis Market: What Investors, Entrepreneurs Need To Know

Despite numerous companies jumping into the cannabis space in the Great Lakes State, operators say Michigan’s early success in the legal adult-use market has them anticipating even more positive days to come. A Growing Cannabis Market: Many in the industry say they’re optimistic about Michigan’s booming legal market, launched in December 2019, as its strong …

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Cannabis MSO Green Thumb raises $217 million in debt at 7% interest rate

Multistate cannabis operator Green Thumb Industries raised $217 million worth of funding by issuing senior secured debt at an interest rate the company described as “industry-leading.” Chicago-based Green Thumb said it would use the new funding to retire $105 million of existing senior secured debt and “for general working capital purposes as well as various …

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