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“George Harrison estate teams up with cannabis maker to sell weed” The estate of “quiet Beatle” George Harrison is working with a cannabis maker to create a line of weed-related products under the brand name “All Things Must Grass.” The collaboration with Harrison’s estate is a win for Dad Grass, which sells pre-rolled joints, CBD,…
“Why fewer US companies are testing workers for marijuana” The percentage of American workers who tested positive for drugs hit a two-decade high thanks to a surge in the recreational use of marijuana, but a shortage of employees has forced firms to cut back on the number of tests administered, according to a report. Quest…
“Real Housewives of New York-linked fund accused of ‘extortion’” The husband of an ex-“Real Housewife” used her fame to bamboozle a marijuana grower into an investment deal — and sent the enterprise up in smoke when his private-equity fund didn’t cough up the money, according to court papers. The fund — Gateway Privileged Fund LLC…
“#US cannabis market soared in 2021, but was dragged down by NY” The US cannabis industry added more than 100,000 jobs last year, and the economic lift will only continue if states like New York get recreational programs off the ground, experts say. Americans spent nearly $25 billion on cannabis products in 2021, as the…
“#Cannabis retailer to seek subpoena of Hochul’s office over approval of pot firm sale” Cannabis retailer MedMen plans to ask a judge Wednesday for permission to subpoena Gov. Kathy Hochul’s office, according to New York State Supreme Court records. MedMen wants to look for evidence that Hochul and her office forced the company to sell…
“#Kathy Hochul donor got state approval for cannabis merger: suit” Gov. Kathy Hochul’s office pushed to force the bargain-priced buyout of a well-positioned cannabis retailer just days before it was set to wriggle out of the deal — and just days after the lucky acquirer attended a fundraiser for Hochul, according to an explosive lawsuit….
“#Facebook bans ads from hemp-based businesses — although products are legal” Facebook and Instagram’s strict advertising policies are hurting small businesses that make products out of hemp — even though the cannabis derivative can’t get you high, has been legal for decades and was famously farmed by George Washington. Mike Goose, a 41-year-old entrepreneur who…
“#Weed company to sell THC ‘beverage enhancer’ kit in New York” Toking up could be a thing of the past for New Yorkers who can now sip their marijuana rather than smoke it. A new “beverage enhancer” from cannabis mega-corp Curaleaf offers users a dainty, five milligram liquid dose of THC for just $35 per…
“#Kevin Durant’s Thirty Five Ventures inks deal with Weedmaps” Thirty Five Ventures, an investment firm and media company founded by NBA star Kevin Durant and his business manager Rich Kleiman, have inked a multiyear deal with Weedmaps in a bid to destigmatize the cannabis industry. Weedmaps, dubbed the “Yelp for pot,” is a public company…
“#Cannabis firm reportedly rolling out $1 billion IPO amid NY legalization” PharmaCann, one of the 10 original cannabis licensees in New York, has confidentially filed for an initial public offering that could value it at well over $1 billion, sources familiar with the matter told Reuters. The planned IPO would help PharmaCann raise funds before…