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NYC Bank Funds Over 50 Illegal Chinese Marijuana Grow Houses in Rural Maine

NYC Bank Funds Over 50 Illegal Chinese Marijuana Grow Houses in Rural Maine

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Cannabis NewsNovember 14, 2023

Asian transnational criminal organizations operate more than 270 illegal marijuana cultivation sites in Maine, according to a leaked US Department of Homeland Security memo. An investigation by the Maine Wire has identified more than 100 of those sites, as previously reported. Of those properties —

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New York Senators say they now know what’s wrong with the state’s Cannabis Industry. What will they do next?

New York Senators say they now know what’s wrong with the state’s Cannabis Industry. What will they do next?

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Cannabis NewsNovember 13, 2023

New York State Senate Subcommittee on Cannabis Reevaluates Enforcement and Social Equity Investment Fund Amid Slow Market Rollout. After hearing from state cannabis regulators, law enforcement leaders and adult-use licensees, members of the New York State Senate Subcommittee on Cannabis are now

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CBD industry faces ‘existential crisis’

CBD industry faces ‘existential crisis’

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Cannabis NewsNovember 13, 2023

Bethany Gomez, managing director of the Brightfield Group, spoke with NutraIngredients-USA about the difficulties the cannabidiol industry is experiencing when it comes to defining itself. “The CBD industry is always in motion. It's always changing, moving, fluctuating. Right now, it's really facing

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Florida’s Supreme Court Hears Arguments on Adult Use Legalisation Bill

Florida’s Supreme Court Hears Arguments on Adult Use Legalisation Bill

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Cannabis NewsNovember 13, 2023

Florida’s Supreme Court justices heard oral arguments on Wednesday as to whether a bill proposing adult-use cannabis legalisation should be included on the 2024 ballot. As Business of Cannabis reported last month, the Adult Personal Use of Marijuana amendment was put forward by Smart & Safe Florida

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Congress Report Provides Considerations For Cannabis Economic Development

Congress Report Provides Considerations For Cannabis Economic Development

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Cannabis NewsNovember 10, 2023

Following Biden’s call to reschedule cannabis, ​​the US Congressional Research Service has produced a report containing considerations for Congress if it decides to proceed with the rescheduling. The Drug Enforcement Agency (DEA) is currently reviewing the rescheduling of cannabis following Biden’s

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Oklahoma begins process of shutting down 165 Medical Marijuana grow facilities

Oklahoma begins process of shutting down 165 Medical Marijuana grow facilities

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Cannabis NewsNovember 10, 2023

Each Veterans' Day, we pay tribute to the brave men and women who have defended our country and its freedoms. Across America, communities will have parades, vigils, and services to honor our nation's heroes and the many sacrifices made to ensure America stays "the land of the free and the home of

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Tulsa Police investigate burglary at Medical Marijuana Dispensary

Tulsa Police investigate burglary at Medical Marijuana Dispensary

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Cannabis NewsNovember 9, 2023

Police said this isn’t the first time this dispensary has been hit, but this is possibly the worst damage it’s seen. Police believe someone drove a white Kia through the front of the building. Tulsa Police are investigating a medical marijuana dispensary burglary Thursday morning near I-244 and

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Why Indiana is unlikely to vote to legalize Recreational Marijuana?

Why Indiana is unlikely to vote to legalize Recreational Marijuana?

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Cannabis NewsNovember 9, 2023

Ohio voters' decision Tuesday to legalize recreational marijuana paves the way for its availability in three of the four states neighboring Indiana. Still, Hoosiers are not likely to see strides on marijuana legalization. Indiana Gov. Eric Holcomb historically has said he would not take action on

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Hemp Growers Sue Alaska Government Over Hemp Regulations

Hemp Growers Sue Alaska Government Over Hemp Regulations

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Cannabis NewsNovember 9, 2023

The ​​Alaska Industrial Hemp Association has filed a lawsuit against the state over its new regulations surrounding hemp products. In October 2023, Alaska approved new regulations governing the sale of intoxicating hemp products which came into effect on 3 November. Signed into law by Governor Nancy

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Could Florida be next state to legalize Recreational Marijuana?

Could Florida be next state to legalize Recreational Marijuana?

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Cannabis NewsNovember 9, 2023

Florida Supreme Court reviews proposal to put cannabis vote on 2024 ballot. Supporters and opponents of recreational marijuana in Florida converged on the state’s high court in Tallahassee on Wednesday, as the Florida Supreme Court reviewed a proposal to put recreational marijuana on the 2024 ballot

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Cannabis CEO wants protection for Medical Patients

Cannabis CEO wants protection for Medical Patients

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Cannabis NewsNovember 8, 2023

Enrollment last month hit its lowest figure since March 2020. The ongoing decline of medical cannabis patients in New Mexico “can be attributed to high prices and a lack of available medicine, pushing patients out of the existing medical model into the illicit market,” according to a recent news

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When can I buy Marijuana in Ohio? What to know about new Recreational Law

When can I buy Marijuana in Ohio? What to know about new Recreational Law

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Cannabis NewsNovember 8, 2023

Issue 2 is an initiated statute, which means it will become part of state law in 30 days, but lawmakers have power to change it. Ohio just became the 24th state to legalize recreational marijuana. Issue 2, approved by Ohio voters on Tuesday, will allow adults 21 and older to buy, possess and grow

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‘Help us, we are dying.’ New York’s Cannabis farmers are at their breaking point

‘Help us, we are dying.’ New York’s Cannabis farmers are at their breaking point

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Cannabis NewsNovember 8, 2023

More than 30 small farmers responded to a series of questions about how the state’s slow rollout has affected their farm, their finances and their personal lives. The Cannabis Farmers Alliance, an industry group advocating for the rights and interests of cannabis farmers and small businesses

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Craft cannabis growers in Illinois try again to overcome industry opposition to expansion

Craft cannabis growers in Illinois try again to overcome industry opposition to expansion

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Cannabis NewsNovember 6, 2023

The day before Illinois’ spring legislative session ended, lawmakers were poised to pass a wide-ranging cannabis bill that was meant to save struggling small businesses. The measure had largely been agreed upon by stakeholders in months of meetings. But large cannabis companies and some lawmakers

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High Tide Completes $8.9 Million Debt Restructuring

High Tide Completes $8.9 Million Debt Restructuring

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Cannabis NewsNovember 3, 2023

High Tide Successfully Restructures $8,9 Million in Debt with Key Lender. High Tide has announced that it has successfully completed a restructuring of approximately $8.9 million of the company’s outstanding debt held by a key industry lender under a senior secured convertible debenture. The parties

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Voters deciding on Marijuana dispensaries in several Metro Detroit cities

Voters deciding on Marijuana dispensaries in several Metro Detroit cities

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Cannabis NewsNovember 7, 2023

When Metro Detroiters head to the polls Tuesday, some will be deciding if marijuana dispensaries should be allowed in their city. Several cities have proposals to allow the addition of stores that sell marijuana. If approved, these businesses will be regulated and must be at least 1,000 feet away

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New Wisconsin report shares Cannabis Revenue Estimates

New Wisconsin report shares Cannabis Revenue Estimates

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Cannabis NewsNovember 7, 2023

The report shows that cannabis tax revenue totals could reach $170,5 million by the third year. Following the introduction of Senate Bill 486, a cannabis legalization bill first introduced two months ago, the Wisconsin Department of Revenue released a fiscal report of the impact of legalization. So

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Feud over power at Colorado Cannabis farm heats up

Feud over power at Colorado Cannabis farm heats up

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Cannabis NewsNovember 7, 2023

Area 420, one of the largest commercial pot operations in the country, is the backdrop for a legal showdown between its owner and an aspiring marijuana grower. An aspiring recreational marijuana grower who bought land at one of the largest commercial cannabis operations in the country is fighting to

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Investors Show Bullish Sentiment on Cannabis

Investors Show Bullish Sentiment on Cannabis

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Cannabis NewsNovember 7, 2023

ATB Capital Markets has released the results of its first Cannabis Sentiment Survey which reveals bullish sentiment from investors, but cautious capital allocation. The report revealed that investors are more bullish compared to six months ago, and that MSOs are expected to outperform the S&P 500

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What would Recreational Marijuana legalization do for Pennsylvania tax revenue?

What would Recreational Marijuana legalization do for Pennsylvania tax revenue?

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Cannabis NewsNovember 6, 2023

Seven years after Pennsylvania legalized marijuana for medical use, lawmakers are debating whether to allow recreational use — and what that would look like. It has created quite a buzz in the evolving industry. “Pennsylvania has a lot of market potential,” said Brendan Mitchel- Chesebro, a

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