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The Business of Cannabis by ExtrovertingMar 19, 20257:10 AMMarch 19, 2025
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Poseidon Investment finances social equity dispensary in New Jersey

Despite claims of few financing deals happening in cannabis, it seems some money is making its way to cannabis companies. For example, Poseidon Investment Management announced its financing of the social equity dispensary Herb Haus founded by Joe Kanegieser. Kanegieser won a social equity license as part of the third …

NV by ExtrovertingMar 19, 20257:02 AMMarch 19, 2025

Nevada Clean Indoor Air Act is under attack by Assembly Bill 76

Specifically, Section 51 authorizes smoking in cannabis consumption lounges. Currently, the NCIAA prohibits smoking any plant, including cannabis, in …

The Business of Cannabis by ExtrovertingMar 19, 20256:29 AMMarch 20, 2025
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Spurned Illinois social equity backer sues partner

Cannabis Development Company or CannDevCo is suing its former social equity partner Lucius Dwanye McDade, Jr. for reneging on a deal. CannDevCo claims in its lawsuit that it helped McDade to obtain a social equity license in the state and he returned the favor by dumping them. The civil action was… …

The Business of Cannabis by ExtrovertingMar 19, 20255:18 AMMarch 19, 2025

Texas Lieutenant Governor ‘Carded’ at Compliant Austin-Based Hemp Retailer

The Happy Cactus team asked Lt. Gov. Dan Patrick for his ID and refused to sell him products containing more than the allowable serving size. …

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