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New Jersey’s initial adult-use marijuana rules give edge to small businesses

New Jersey regulators took a key step Wednesday toward developing a billion-dollar recreational marijuana market, announcing an initial set of rules that prioritize local and minority entrepreneurs. That could help satisfy worries, NJ.com reported, that most of the state’s 12 existing medical marijuana operators are owned by out-of-state interests. The development of regulations means that …

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Court OKs Trulieve’s purchase of fellow marijuana MSO Harvest Health

Multistate marijuana operator Trulieve’s blockbuster $2.1 billion deal to acquire another cannabis MSO, Harvest Health & Recreation, is a step closer to reality after Harvest received a final court order approving the arrangement from the Supreme Court of British Columbia. “We have and will continue to work collaboratively with the entire Trulieve team until we …

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What’s Next for Hemp? A Business Litigation Perspective

Not long ago the news media was awash with awash with glowing economic reports about the burgeoning hemp and CBD industry following the enactment of the 2018 Farm Bill. Everyone was going to get rich. And quick. Fast forward to 2021 and things have changed dramatically. At least here in Oregon, selling biomass—especially biomass preceding …

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Will 2022 Finally Be the Year for Marijuana Legalization in Nebraska?

The Nebraska Medical Marijuana is focused on making sure pro-cannabis bills are legalized come 2022 through the ballot box. The United States of America as a whole is coming to accept marijuana as a beneficial drug whose pros outweigh its cons. The reluctance of the house to pass the introduced bills in the last year …

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Can You Smoke Weed and Still Get Life Insurance?

The life insurance sector is finally adapting to the individual marijuana laws being approved by states in the US. Right now, 29 states and the Columbia District have legalized the medical use of cannabis. Marijuana users are now closer to having a hitch-free process of securing their life insurance slips without the fear of joining …

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How Do Cannabis Companies Have Bank Accounts Right Now If There Is No Safe Banking Act Passed?

As of March 31st, 6894 credit institutions and banks filed reports insisting that they were already working with marijuana businesses. This is the same number of banks from the last quarter, although it hasn’t gotten to its peak in 2017, which was 747. So why the reduction i8n number?  Well, this slight reduction in 2020 was …

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How Artists And Cannabis Operators Are Collaborating During The Pandemic

A U.S. projection of pandemic-related losses in the arts is US$15.2 billion and 488 million attendees in losses. Being declared an essential business at the onset of pandemic-related quarantines around the U.S. may have saved the cannabis industry. It also allowed those who depend on cannabis as medicine and for their quality of life to …

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Study Reveals Pandemic Trends In Cannabis Use While Working Out

It’s no secret that the Covid-19 pandemic and resulting shutdowns of non-essential services last year caused upheaval in nearly every business sector in the U.S. and across the globe. The fitness industry was no exception, with gyms in 48 states shuttered by early April 2020. The ensuing year saw a massive increase in the number …

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