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Maryland marijuana operator rebrands, starts franchise program

Maryland-based marijuana operator Curio Wellness rebranded its retail business under the entity Far & Dotter and started taking applications for franchises in Maryland and nine other hot markets as it aspires to capitalize on a cannabis retail trend. Far & Dotter, which is Swedish for father and daughter, reflects Curio’s founding by a father-daughter team, …

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How Cannabis Plays Role in Diplomatic Spat Between Morocco and Algeria

CANNABIS CULTURE – The two North African Nations – by way of geography – sit on the mouth of the lucrative Africa to Europe cannabis route. But there is more to the conflict than just smoke. In May 2021, the Moroccan parliament voted to legalize the cultivation of cannabis for medical, cosmetic, and industrial purposes. This is …

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Another tribe entering Michigan’s recreational cannabis market

The Grand Traverse Band of Ottawa and Chippewa Indians in Michigan joined the state’s recreational cannabis market. According to the Record Eagle of Traverse City, a tribal ordinance approved in 2019 by members went into effect on Aug. 29 and will allow tribal-controlled businesses to develop vertically integrated company models. Adult-use businesses will be allowed …

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Good Business Brews Opportunity

CANNABIS CULTURE – After agreeing over forward-thinking business ethics, a craftbeer master has joined the team of Colorado’s first craft cannabis company. “I had been looking for opportunities in the space for several years,” says Dale Katechis, founder of Oskar Blues Brewing, which went from a 90’s cellar operation into an American craft beer pillar. “I …

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Marijuana MSO Ascend Wellness borrows at least $210 million

New York-based marijuana multistate operator Ascend Wellness Holdings said it secured a loan of at least $210 million at a 9.5% per annum interest rate. The senior secured debt will be used to repay “substantially all” of Ascend’s outstanding debt, except for roughly “$12 million of outstanding acquisition payments with near zero interest rates,” the …

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New Jersey Cannabis: Initial Rules for Adult Use Program – Part 1

On August 19, 2021, New Jersey’s Cannabis Regulatory Commission (CRC) released its “Initial Rules for Personal-Use of Cannabis” (Initial Rules). Th Initial Rules were much anticipated, more so given New Jersey’s proximity to New York and the potential impact these rules could have on New York’s pending program. The Initial Rules cover all aspects of …

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Cannabis businesses starting to use RICO lawsuits instead of being targets in such cases

Licensed cannabis businesses are turning the tables by deploying a legal weapon that has been used against them for years in order to target unlicensed marijuana retailers as well as law enforcement officials accused of corrupt dealings. In the past two months, at least two civil lawsuits have been filed by cannabis industry executives in …

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Bernie Sanders Met with President Biden to Talk about Marijuana Legalization – What Did He Tell Him?

Sanders said that the president could accelerate the process of ending cannabis prohibition in the country. But, the president is not on board with this idea for now. The members of the administration have differing opinions when it comes to cannabis reforms. Joe Biden has been reported in the past to refer to the drug …

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