Author: News Room

TORONTO – December 15, 2022 – PRESS RELEASE – RIV Capital Inc., an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of brands in key strategic U.S. markets, today announced that it has completed the final closing of its previously announced transaction involving Etain, LLC–owner and operator of a legally-licensed Registered Organization with cannabis cultivation and manufacturing facilities, and retail dispensaries in the state of New York–and Etain IP LLC.RELATED: New York’s Women-Led Etain Health Acquired by RIV Capital for $247 Million“With four dispensaries, including a Manhattan flagship store…

Senate Banking Committee Chairman Sherrod Brown (D-OH) signaled on Thursday that marijuana banking reform might be on hold until the next Congress in 2023, rather than passed during the lame duck session as advocates and stakeholders had hoped. However, Brown’s office told Marijuana Moment that the senator still would like to see the reform included in omnibus appropriations legislation this year so long as it contains additional provisions that he supports. Asked about the Secure and Fair Enforcement (SAFE) Banking Act, the senator told Punchbowl News’s Brendan Pederson on Thursday that he expects to “take it up and get it…

As the United States Congress looks toward its end-of-year checklist, high in priority is the need to pass a new appropriations bill to fund the federal government for another fiscal year. Lawmakers recently passed a one-week extension to pass the bill, with a new deadline of Dec. 23. Part of that bill may enact a change to Federal Communications Commission (FCC) spending that would in practice allow cannabis companies to advertise on FCC-regulated television and radio broadcast networks, such as CBS and Clear Channel. In July of 2022, the U.S. House of Representatives passed a bill as part of its…

New York’s governor unveiled a marijuana business and product verification tool on Thursday, with plans to post a QR code on licensed cannabis retailers and a universal symbol label for authorized cannabis products. Meanwhile, New York City Mayor Eric Adams (D) held a press conference to tout enforcement actions against unlicensed businesses selling illegal products. With the state’s first adult-use sales expected to begin before the end of the year, Gov. Kathy Hochul (D) said the verification system will give consumers assurances that the companies they patronize are legitimate and the products are tested. It could also further help the…

After protests and litigation derailed Georgia’s medical cannabis program, state regulators issued licenses to two companies in September to allow them to produce low-THC cannabis oil for the state’s registered patients.Now, the Georgia Court of Appeals is set to take up a new legal challenge to the licensing process, again stalling the program.Georgia passed a law in 2015 to allow registered patients to possess low-THC cannabis oil, but the statute did not establish a regulated system for cultivating, processing or dispensing cannabis in the state.RELATED: How Are Georgia’s Medical Marijuana Patients Supposed to Access Cannabis Oil?It wasn’t until 2019 that…

Kansas lawmakers on Thursday held the last in a series of special committee meetings on medical marijuana issues that will be used to inform reform legislation that will be introduced in the 2023 session. The Special Committee on Medical Marijuana, members of which toured a Missouri cannabis cultivation facility on Wednesday as part of their work, went over the wide range of issues that they’ve been discussing with officials and experts in recent months. The plan is to finalize a report with recommendations for the legislature heading into the new year. Sen. Robert Olson (R)—who chairs the special committee, as…

NEW YORK, December 14, 2022—PRESS RELEASE—The booming cannabis business offers many high-growth opportunities for entrepreneurs and those seeking an exciting new career. In the United States, cannabis sales will grow from $25 billion in 2021 to $40 billion in 2026, according to a recent Forbes article.Capitalizing on the rising demand in this sector, the NYU School of Professional Studies (NYU SPS) is offering a brand-new continuing education program, the Certificate in the Business of Cannabis, in the Spring 2023 semester.The Certificate fosters an in-depth understanding of the cannabis industry and its professional opportunities. Students will have the opportunity to learn…

Ohio lawmakers on Thursday morning sent the governor a large-scale criminal justice reform bill that contains provisions to protect people from having criminal records for arrests or convictions over simple possession of marijuana paraphernalia. It also includes measures clearing a path for people to have convictions for cannabis possession and other offenses sealed and expunged. Under the comprehensive measure from Sen. Nathan Manning (R), misdemeanor cannabis paraphernalia possession cases would “not constitute a criminal record,” nor would they need to be disclosed “in response to any inquiries about the person’s criminal record.” The bill, which now heads to the desk…

TALLAHASSEE, Fla., Dec. 15, 2022 /PRNewswire/ — PRESS RELEASE — Trulieve Cannabis Corp., a U.S. cannabis company, announced their partnership with California-based Connected Cannabis and AlienLabs. As part of the announcement, Trulieve is the exclusive provider of Connected Branded products throughout Florida.”Trulieve consistently seeks ways to introduce new products and better serve our patients,” said Kim Rivers, CEO of Trulieve. “Connected and AlienLabs represent a portfolio of top-shelf strains that have benefited medical patients in other states, and we’re now excited to exclusively offer these products exclusively in Florida.”AlienLabs is well-known for its flower strains with a focus on top-shelf,…

Colombia’s Chamber of Representatives and Senate have voted to reconcile their respective versions of marijuana legalization bills that recently advanced, with both bodies accepting minor changes to create a unified final product that’s now set to advance to key votes in the new year. Because the legalization proposal would amend the country’s Constitution, the legislation must pass both chambers again in 2023—and a key Senate sponsor of the bill says that she expect it to be formally enacted by June. The reconciliation process took place about a week after the Senate overwhelmingly approved its version of the reform legislation. The…