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Marijuana legalization outlook: Kansas, SC fall short, but Texas reform bill alive

Time ran out this month for medical marijuana legalization bills in Kansas and South Carolina. Nevertheless, progress was made in both states, raising hopes among legalization advocates for next year. An attempt to legalize adult-use cannabis in Louisiana failed, as expected, but strides were made there, too. In Montana, state lawmakers approved an implementation bill …

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Missouri lawmakers pass bill to ease medical cannabis firms’ taxes

Doing business in Missouri could become less expensive for the state’s medical cannabis industry – provided the governor gives his stamp of approval. During their recently concluded legislation session, Missouri lawmakers passed a bill with “near unanimous approval” that would ease the state tax burden for medical marijuana businesses, according to St. Louis Public Radio. …

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Delaware medical cannabis market grows amid possible adult-use legalization

Delaware’s heavily regulated $30 million medical marijuana market is poised to double the number of vertically integrated operators from three to six at a time when prospects for adult-use legalization also are brightening at the state capitol. The state, which launched its MMJ market in 2014, has long had only three operators and six dispensaries …

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Asian Americans are Warming Up to the Marijuana Industry Despite Cultural Beliefs about Cannabis

Most notable are former business analysts Mia Park and Dae Lim, who moved from the analytical sector to selling craft cannabis. The partners launched a collection of cannabis edibles mixed with Asian flavors such as milk tea, sour yuzu, and lychee. Additionally, the CFO of Papa and Barkley, Zeeshan Hyder, exited the banking sector to …

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Marijuana retailers that opened during pandemic share winning formulas

Opening a retail cannabis store is difficult. Throw in a pandemic, Toronto’s bitterly cold winter weather or the revival of a dormant medical marijuana dispensary, and the new venture could be headed for disaster. Nevertheless, Forever Buds CEO Vish Joshi said his company’s new store is “killing it” on service in Toronto’s Little Italy neighborhood. …

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What You Need to Know When Buying a Cannabis Business, Part 3: Hiring Your Lawyer

Buying a cannabis business does not occur in a matter of days, and transactions fall apart for a variety of reasons, as we discussed in Part 1 of this blog series focused on the buy-side of a cannabis M&A transaction. In Part 2, we focused on the regulatory environment, discussing concepts that first-time buyers and …

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What Does President Biden Have Against Weed?

Over 70% of the American population is on board with cannabis reforms. This is one of the reasons why a lot voted for these democrats. Instead of sticking to the promises made during the campaign, the president for one has ignored all prompts about following his predecessor’s example on these reforms.