By: John Schroyer and Jeff Smith | mjbizdaily.comWeedmaps to Go Public Via SPAC in $1.5 Billion Deal despite U.S. Department of Justice investigation. “There’s uncertainty. This transaction, we don’t know what the DOJ is going to conclude, or what other issues are out there,” Karnes said. “If I was a shareholder in Silver Spike, I’d think Read More

Cannabis got a big win in Congress, but legal weed isn’t around the corner By Alicia Wallace, CNN BusinessWhile industry advocates hailed the passage of the bill, not all were pleased with some last-minute revisions that they say watered down the criminal justice and social equity provisions of the bill, including narrowing where tax dollars can Read More

Mexico to Vote on Marijuana Legalization This DecemberSource: Dan Kingston Arizona Cannabis NewsThe bill would legalize the use and possession of up to 28 grams of marijuana for adults and allow for home cultivation of up to 20 cannabis plants. Mexico has a population of nearly 130 million citizens. By contrast, Canada, which legalized recreational marijuana Read More

US House to vote on ending federal ban on marijuana In this March 22, 2019, file photo, Heather Randazzo, a grow employee at Compassionate Care Foundation’s medical marijuana dispensary, trims leaves off marijuana plants in the company’s grow house in Egg Harbor Township. Source: Jonathan D. Salant | NJ Advance Media for NJ.comA postponed vote Read More

Gov. Phil Murphy is pictured in Trenton in June.Michael Mancuso | NJ Advance Media for NJ.com New Jerseyans on Tuesday voted to make recreational marijuana legal. So it’s natural to wonder: Will Gov. Phil Murphy, the Democrat who pushed for this move, partake? That’s one of the questions Murphy was asked as he gave an afternoon radio Read More

New Jersey lawmakers took another step toward making medical marijuana expenses eligible for workers’ compensation and some other insurance coverage Monday. The state Assembly appropriations committee advanced a bill (A1708) that requires workers’ compensation and personal injury protection (PIP) auto insurance benefits to cover medical marijuana under certain circumstances. The person must be a patient Read More

Cannabis sales set another record in September, bringing total spending on adult-use cannabis to more than $530 million. SPRINGFIELD, IL — Pot purchasers have spent more than a half-billion dollars on recreational marijuana products at Illinois dispensaries since the start of the year, according to data from state agencies. Last month, adult-use cannabis sales in Read More

The adult-use marijuana club of the United States just grew to 11 with the addition of Vermont on Wednesday. Gov. Phil Scott, a Republican, announced that he allowed legislation to regulate and tax cannabis sales to become law without his signature, according to a news release from the governor’s office. The news, which sets the stage for Read More

SOURCE: GETTY IMAGES There are expected to be a number of fast-growing trends this decade, including cloud computing, the Internet of Things, artificial intelligence, and cybersecurity. But don’t sleep on marijuana. After generating an estimated $10.9 billion in worldwide sales in 2018, legal channel cannabis sales are expected to hit anywhere from $50 billion to Read More

Colorado Gov. Jared Polis makes a point during a news conference about the state’s efforts against the the new coronavirus Thursday, Sept. 3, 2020, in Denver. Colorado Gov. Jared Polis plans to mass-pardon 2,732 convictions of low-level marijuana possession through an executive order Thursday after signing a bill earlier this year that gave him that authority. “This Read More