Tag: Investing
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STATES Act reintroduced in Congress with bipartisan support
A small bipartisan group of U.S. House of Representatives members on Thursday reintroduced the long-stalled STATES Act, a pro-marijuana bill that would both nullify the hated 280E tax provision for cannabis companies and also exempt states that have legalized marijuana from federal interference. The bill, this time called the STATES …
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4Front Ventures delays annual filings, can’t pay auditors
4Front Ventures (CSE: FFNT) (OTCQB: FFNTF) said Wednesday it can’t meet its April 30 regulatory deadline to file its annual financial report because it can’t pay its auditors. The Phoenix-based company also applied for a management cease trade order that would temporarily restrict company leaders from trading its securities while …
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Safe Harbor Financial, FundCanna team up to tackle cannabis banking headaches
Safe Harbor Financial (Nasdaq: SHFS) and FundCanna are joining forces to help cannabis businesses break through persistent banking and money barriers, the companies announced Thursday. The new referral deal between Safe Harbor and fellow lender FundCanna creates a one-stop solution for marijuana operators who’ve been largely shut out of traditional …