Louisiana’s hemp industry is challenging a new state law that tightens restrictions on hemp-derived products, arguing it conflicts with federal law and could criminalize products that have been legal for for the half a decade now. According to Law360, the Hemp Association of Louisiana and Cypress Hemp LLC filed a …
Investors filed a class action lawsuit against cannabis online marketplace WM Technology Inc. (NASDAQ: MAPS), better known as Weedmaps, citing the company’s misleading and false statements. Misleading statements In September, Green Market Report wrote that Weedmaps agreed to pay the Securities and Exchange Commission (SEC) $1.5 million to settle claims …
This excerpt is reprinted with permission from Crain’s Chicago Business. Read the full article here. The University of Illinois is scrapping its plans to build a $285 million research and teaching facility called the Discovery Partners Institute (DPI) in the South Loop on the proposed site of The 78. Instead …
Oregon-based cannabis company Killa Beez wants the $127,000 it deposited with cannabis bank Left Coast Financial Services – and now it’s adding the company’s executives to the lawsuit in an effort to collect. However, the executives are pushing back, with one saying he isn’t responsible even though he was a …