Canadian retail heavyweight SNDL (Nasdaq: SNDL) quietly took a small but significant ownership stake in rival High Tide (Nasdaq: HITI) (TSXV: HITI), firing the opening salvo in what could become a more defined struggle for control of the nation’s maturing marijuana retail sector. High Tide CEO Raj Grover addressed the …
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 …
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… …
New Mexico Senate Bill 219, the Medical Psilocybin Act, moved a step closer to becoming a reality. The legislation would allow the use of psilocybin for qualified medical conditions, create an advisory board and amend the Controlled Substances Act removing psilocybin and psilocin from the schedule. The bill, which was sponsored …