Operation Weed Whacker shuts down six illegal smoke shops in Queens with arrests and major cannabis seizures
QUEENS, NY — A sweeping undercover operation targeting six illegal cannabis shops across Queens has led to four arrests, the padlocking of each storefront, and the seizure of hundreds of pounds of…
Argentina sets high hopes on cannabis exports with budding new agency
(Reuters) – Argentina on Wednesday launched the first working group of a new national agency to regularize and promote the country’s nascent cannabis industry, which ministers hope will create new jobs and…
Calabasas Man Sentenced to 17½ Years in Prison for Scamming Cannabis Vaping Business Investors Out of More Than $35 Million
LOS ANGELES – A former UCLA decathlete who also competed with the Philippines national team was sentenced today to 210 months in federal prison for fraudulently raising more than $45 million…
Cannabis shares rally as Canopy seeks to accelerate U.S. market entry
NEW YORK (Reuters) – Shares of marijuana producers jumped on Tuesday, led by a rally in Canada’s Canopy Growth Corp, after it said it will create a holding company to fast track…
U.S. SEC charges cannabis firm Cronos, former exec with accounting fraud
(Reuters) – The U.S. Securities and Exchange Commission has charged Canadian cannabis company Cronos Group Inc and its former chief commercial officer with accounting fraud, the regulator said on Monday. Cronos and…
Former San Bernardino County Planning Commissioner Agrees to Plead Guilty to Bribery Charge for Corrupt Cannabis Permit Scheme
INFORMATION (Chavez) PLEA AGREEMENT (Chavez) PLEA AGREEMENT (Pacheco) LOS ANGELES – A former San Bernardino County planning commissioner has agreed to plead…
Cannabis platform LeafLink says it processed over $1 billion in transactions since 2016
(Reuters) – Wholesale cannabis platform LeafLink said on Wednesday its payments solutions processed over $1 billion in transactions since the company’s inception in March 2016. LeafLink is cannabis industry’s business-to-business platform that…
Cannabis fintech Bespoke to expand BNPL base in cash-starved industry
By Ruhi Soni (Reuters) – Fintech firm Bespoke Financial is looking to expand its ‘buy now pay later’ service for cannabis businesses in California and Massachusetts later this year, its Chief Executive…
Green Thumb’s quarterly cannabis sales get New Jersey high
By Rithika Krishna (Reuters) – Green Thumb Industries Inc posted a more than 14% rise in second-quarter revenue on Wednesday, driven by healthy retail sales in New Jersey and Illinois. New Jersey…
Rapper, Actor Ice-T Opening Cannabis Dispensary in New Jersey
JERSEY CITY, NJ – On television, rapper Ice-T is a police detective. In real life, he is an ex-rapper and television star who is getting ready to open a marijuana dispensary in…
Pro-Weed Florida Dem’s Cannabis Holdings To Go Up In Smoke After Public Scrutiny
Pro-Weed Florida Dem’s Cannabis Holdings To Go Up In Smoke After Public Scrutiny Gabe Kaminsky on July 15, 2022 Democratic Florida gubernatorial candidate Nikki Fried, who supports marijuana legalization, said Wednesday she…
AE Global Opens AE Global Boston Office, Continues to Invest in Cannabis Packaging Infrastructure in Emerging Markets
AE Global Continues to Invest in Cannabis Packaging Infrastructure in Emerging Markets Tweet this “The new AE Global North office puts us at the center of America’s most exciting new cannabis markets,”…
Calabasas Man Agrees to Plead Guilty to Charges for Scamming Cannabis Vaping Business Investors Out of at Least $28 Million
LOS ANGELES – A former UCLA decathlete who also competed with the Philippines national team has agreed to plead guilty to two federal criminal charges for fraudulently raising more than $37…
Cannabis use has risen with legalization and COVID lockdowns -U.N. report
(Removes extra words ‘in the past year’ in paragraph 7) By Francois Murphy VIENNA -Places including U.S. states that have legalized cannabis appear to have increased its regular use, while COVID lockdowns…
Here’s What You Need to Know About Rochelle Park’s Cannabis Dispensary as New Jersey Legalizes Recreational Weed
ROCHELLE PARK, NJ – And they’re off. New Jersey’s legal weed industry is just three days old and demand in already soaring across the state. In Rochelle Park, Ascend Wellness Holdings, Inc.…
New Jersey’s Recreational Cannabis Consumers Can Enjoy Legitimate, No-Cash, No-Fee Transactions with CanPay
LITTLETON, Colo., April 20, 2022 — Consumers will be able to make no-fee cannabis purchases using CanPay, the largest legitimate payment network for cannabis merchants and consumers, at six leading New Jersey…
More than half of Europeans support cannabis legalization -report
By Rithika Krishna (Reuters) – More than half of the European population support legalization of adult use of cannabis and around 30% of them are interested in purchasing it, according to polling…
Calabasas Man Allegedly Scammed Investors out of at Least $28 Million They Thought Would Fund Cannabis Vaping Businesses
LOS ANGELES – A former UCLA decathlete who also competed with the Philippines national team was arrested this morning on a federal criminal complaint alleging that he fraudulently raised more than…
Paybotic, a Leading Provider of Affordable Payment Solutions in the Cannabis Industry and Surrounding Markets, Participating in Trade Shows Across the U.S. in March, April, and May 2022
Recognizing the Growing Need for its Cannabis Payment Solution Services, Paybotic to Showcase to Growing Number of Cannabis Business Owners WEST PALM BEACH, Fla., March 17, 2022 — Paybotic, a leading provider…
Cannabis Fintech Provider Shield Compliance Boosts Market Leadership
Demand for cannabis banking services continues to grow, creating new revenue opportunities for financial institutions. SEATTLE, March 16, 2022 — Shield Compliance (https://www.shieldbanking.com/), a compliance management solution for cannabis banking, continues its rapid…
Cannabis producer Tilray to buy rival HEXO’s debt of up to $211 million
– Tilray Brands on Thursday agreed to buy up to $211 million of HEXO’s debt, giving the Canadian cannabis producer a right to pick a significant equity stake in its troubled rival.…
What the future beholds for Legal Cannabis In Germany
One more country turns the wheel and steers closer to legal marijuana. Now, speculations are running in Germany after the government’s recent announcement concerning marijuana. In case you hadn’t yet heard the…
Owner of Cannabis Company Charged in Federal Court With Swindling Investors Out of More Than $950,000
CHICAGO — The owner of a cannabis company has been charged in federal court in Chicago with swindling investors out of more than $950,000. GEOFFREY THOMPSON, 53, of Naples, Fla., and formerly…
CONSUMER ALERT: Attorney General James Issues Alert to Protect Children From Deceptive Cannabis Products Sold in Snack Packaging
NEW YORK – New York Attorney General Letitia James today issued an alert to New York parents concerning products that are deceptively designed to look like standard snack foods and candy, but…
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