Rescheduling hearing starts under cloud of allegations
Dec 2, 2024 · The Drug Enforcement Administration’s (DEA) administrative law tribunal’s preliminary hearing gets underway today on the U.S. Department of Justice’s proposal to reschedule cannabis. It starts under a cloud of allegations regarding the agency’s bias towards anti-cannabis factions.. Chief Administrative Law Judge John Mulrooney II …
Cannabis social equity experts warn newcomers of difficult …
2 days ago · A trio of Black cannabis entrepreneurs and social equity advocates warned newcomers to the marijuana trade during a Wednesday panel at MJBizCon in Las Vegas that the capital fundraising landscape is a harsh one, and that many in such scenarios wind up relying on money from friends and family or potentially predatory venture capital investors.. Some predatory investors that have tried taking ...
LeafLink projects cannabis market to reach $55 billion by 2030
Jan 6, 2025 · Despite the headaches that many in the cannabis industry have endured, wholesale platform company LeafLink mined its data to determine that by 2030, the U.S. cannabis market is projected to reach around $55 billion. That would put the growth at an annual rate of 11%.
Report: Perfect storm for cannabis means forecast of ‘slow growth ...
Dec 11, 2024 · The U.S. marijuana market is likely to slow its roll next year even more than it did in 2024, according to a new white paper from ATB Capital Markets, which outlined various reasons it expects “slow growth” to be a primary theme for public cannabis companies in 2025.
Class action lawsuit alleging 'abusive' enforcement over cannabis …
Jan 3, 2025 · Humboldt County, part of the California Emerald Triangle’s crown jewel of cannabis production, is now in the crosshairs of a federal class action lawsuit for an eight-year-old “abatement program” that levied millions of dollars in fines on property owners over alleged marijuana-related infractions.. The suit, which was originally filed in 2022, will now be allowed to move forward with ...
RIP: Cannabis companies, big and small, collapsed in 2024
Dec 23, 2024 · As 2024 winds to a close, the year may well be remembered as one in which the U.S. marijuana industry got a serious wakeup call, with several big-name companies flaming out in spectacular fashion, while plenty of smaller operators also quietly closed up shop.
Acreage says fixed shares worth zero in Canopy USA deal
Nov 25, 2024 · Holders of Acreage Holdings’ (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF) fixed shares will likely get nothing when Canopy Growth (TSX: WEED) (Nasdaq: CGC) acquires the U.S. cannabis operator next month, a stark yet unsurprising reversal from the deal’s multi-billion-dollar valuation half a decade ago.
Cannabis finance experts at MJBizCon predict ongoing uncertainty …
2 days ago · A swath of cannabis financial gurus who spoke at the MJBizCon Finance Forum in Las Vegas on Tuesday morning shared a wide array of tips, thoughts and insights that essentially boiled down to one major theme: Ongoing uncertainty for everyone in the cannabis trade, particularly with the newly-elected Donald Trump poised to retake the White House next month.
Judge gives initial OK to $8M Aurora Cannabis class-action …
Oct 16, 2024 · A federal judge granted preliminary approval to an $8.05 million settlement between Aurora Cannabis Inc. (NASDAQ: ACB) and investors who accused the company of misleading them through an boomerang deal to inflate its revenue, Law360 reported.. U.S. Magistrate Judge James B. Clark III gave the initial nod to the proposed settlement on Oct. 10, setting the stage for a final approval hearing on ...
Marijuana activist leaders optimistic for progress in 2025
Dec 18, 2024 · There’s reason to be hopeful that federal marijuana rescheduling will be completed under the incoming Trump administration – possibly even passage of a new SAFE Banking bill and a new permissive federal policy on cannabis commerce from …