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Cannabis tech platform Weedmaps joins Nasdaq with $579 million infusion

Cannabis advertising platform Weedmaps started trading on the Nasdaq on Wednesday in the wake of the completion of its merger with special purpose acquisition company Silver Spike Acquisition Corp. The transaction brought California-based Weedmaps, a leading but sometimes controversial online marketplace for cannabis consumers and businesses, $579 million in gross proceeds, according to a news …

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California marijuana grow workers unionize with Teamsters

Employees at a California marijuana cultivation facility owned by Israel-based Tikun Olam voted to join the Teamsters, the union announced. According to a news release, 39 employees at the grow operation – located in Adelanto, California – are now part of the Teamsters Local 1932 in San Bernardino, which has roughly 14,000 members. The vote, according …

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Unhappy with recreational cannabis bill, Connecticut governor threatens veto

Connecticut Gov. Ned Lamont has been pushing for recreational cannabis to be legalized in his state, but in a turn of events, he is threatening to veto a measure he says doesn’t adequately address equity issues. The comments from the governor’s office came as the state Senate passed a measure Tuesday night by a 19-12 …

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Nova Scotia’s regulated cannabis prices fell 28% annually

The average price per gram of adult-use cannabis in Nova Scotia plunged 28% in the fiscal year ended March 31, making regulated marijuana in the Maritime province more competitive with the illicit market, according to the crown corporation in charge of cannabis and alcohol sales. The Nova Scotia Liquor Corp. (NSLC) reported in its year-end …

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Texas governor signs limited medical marijuana expansion bill into law

Texas Gov. Greg Abbott signed into law House Bill 1535, which will slightly expand the state’s restrictive medical marijuana program to make MMJ available to more patients and allow for marginally more THC in regulated medicinal cannabis products. The bill, signed into law Tuesday, will take effect Sept. 1. The new law will allow Texas …

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Chile’s New Constitution: An Opportunity for Cannabis?

This past May 15 and 16, Chile elected a constitutional convention, tasked with drafting a new basic law for the South American country. Cannabis observers should take note, as the resulting document could have positive implications for cannabis. Chileans voted in favor of a constitutional overhaul following the protests that roiled the country in 2019 …

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Why WeedMD sold a cannabis subsidiary for CA$2.5 million after buying it for CA$55 million

Aylmer, Ontario-based WeedMD announced the sale of its Starseed Medicinal subsidiary in Bowmanville, Ontario, for 2.5 million Canadian dollars ($2.1 million) in cash to Final Bell Canada, less than two years after the cannabis producer paid more than CA$50 million to acquire the business. Included in the deal is a leased 14,850-square-foot indoor facility in Bowmanville, …

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