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Cannabis Deals Dry Up With Pot Stocks Limping Into Year End
The number of cannabis M&A deals in the four weeks ended Nov. 22 plunged to three — from 36 a year ago. Dealmaking has gone quiet in the pot space as the slump in shares removes a vital currency and investors get picky. Last week alone, Cresco Labs Inc. terminated its proposed acquisition of VidaCann
Chicago Suburb Will Use Cannabis Tax For Reparations Fund For African Americans
Last week, city council members in Evanston, Illinois voted to use marijuana sales tax revenue towards a fund meant to provide reparations to its Black community. The city council voted 8 to 1 to institute a three percent tax on cannabis sales. The first $10 million generated over the next 10 years will go towards
Poet Busted for Pot in 1969 Makes 1st Purchase of Legal Recreational Weed in Michigan
At the age of 28, John Sinclair was arrested in 1969 for possessing two marijuana joints and sent to prison for nearly three years. On Sunday, the now 78-year-old poet and activist became the first person in Michigan to legally purchase recreational cannabis. “It went swiftly. I got some weed over the counter,” Sinclair told
Wyoming Tribe Wants To Improve Reservation’s Economy With Hemp and Medical Marijuana
A Wyoming Native American tribe is considering hemp and medical marijuana as potential avenues of economic development and has authorized a committee to study the opportunities for the reservation. The group will also investigate the medical applications of cannabis and its potential to treat members of the Eastern Shoshone tribe’s Wind River Reservation. The tribe’s
R.J. Reynolds Claims Its ‘Vuse’ E-Cigarette is Safer Than Tobacco
The e-cigarette industry has been hit hard by the recent outbreak of more than 2,300 cases of vaping-related illnesses and the 47 deaths connected to it. Companies like JUUL have halted advertising in the face of intense backlash and a handful of states have enacted temporary bans on flavored e-cigarette products and THC vapes in
Michigan Began Selling Legal Recreational Cannabis On Sunday
More than a year after voters in Michigan approved a measure legalizing pot, thousands of people from across the Great Lakes region lined up at stores throughout the state to make an historic purchase. “I wanted to be a part of history,” said Kelly Savage, a 25-year-old from Columbus, Ohio, as quoted by the The