The U.S. cannabis industry is poised for massive expansion over the next decade, which will require big money – as $130.7 billion – to fund it, according to a new industry report. But absent federal banking legislation and greater institutional involvement, the odds a sustainable source of capital panning out …
Author: Extroverting
New Colorado expo seeks to expand awareness of psychedelic therapy
As Colorado works to finalize rules around its soon-to-come psychedelics industry, its capital city is preparing to host a consumer show focused on psychedelic therapy. The Open:Minds Expo will bring together a diverse group of industry leaders and professionals in Denver to meet, learn from and promote the therapeutic options …
The Daily Hit: October 16, 2024
The Daily Hit is a recap of the top financial news stories for Wednesday, October 16, 2024. On the Site Judge gives initial OK to $8M Aurora Cannabis class-action settlement The suit accused Aurora of engaging in a $21.7 million “round-trip sale” to artificially juice its numbers. Read more here. …
Delaware governor signs cannabis banking protection bill
A Delaware law meant to protect financial institutions and other service providers working with cannabis plant-touching companies has made it across the governor’s desk, according to Marijuana Moment. Gov. John Carney signed the bill, which amends Title 16 of the Delaware Code, last week. The new bill shields banks, credit …