Altitude Investment Management Believes Canadian Cannabis Legalization “Milestone”

MONEY PLANT

NEW YORK: The legalization of cannabis for medical and adult use in Canada represents a milestone in the growing trend toward legalization and decriminalization of cannabis and cannabis products, according to Altitude Investment Management. “Canada is the second country in the world, after Uruguay, to legalize cannabis for both medical purposes and adult use, and it Read the full article…

Cannabis Refinery Leasing And High End Multi Processing Announce Multi-Year, $21M Industrial Hemp Processing Agreement In Upstate New York

hemp

CALIFORNIA: Cannabis Refinery Leasing and High End Multi Processing (H.E.M.P.) today announced an up to $21M, multi-year agreement to build New York State’s largest industrial hemp refinery. Cannabis Refinery Leasing, Inc. (CRL), in partnership with Applied Extracts, Inc., will supply its proprietary refinery scale supercritical CO2 extraction and fractional distillation technology to H.E.M.P., a newly licensed industrial Read the full article…

NY Governor Cuomo Forms Workgroup To Draft Legislation for Regulated Adult-Use Marijuana Program

NY Gov forms committee to study adult-use cannabis

NEW YORK: Governor Andrew M. Cuomo today appointed a workgroup to draft legislation for a regulated adult-use marijuana program for the legislature to consider in the upcoming session based on the findings of a multi-agency study he commissioned in January. The study, led by the Department of Health, concluded that the positive impacts of a regulated marijuana market in New York State outweigh the potential negative Read the full article…

Manhattan D.A. Vance Ends Prosecution Of Marijuana Possession And Smoking Cases

D.A. Renews Call on New York State to Legalize Marijuana

New “Decline-To-Prosecute” Policy Follows National Review of Public Safety in Jurisdictions Where Marijuana is no Longer Criminally Prosecuted NEW YORK: Manhattan District Attorney Cyrus R. Vance, Jr., today released the D.A.’s Office’s new policy to decline to prosecute marijuana possession and smoking cases, effective tomorrow, August 1. The policy, which is included below, is expected to reduce Manhattan Read the full article…

The Blinc Group Enters Into Exclusive Distribution Agreement With Headies For Florida

Headies will have exclusive access to Puffmen’s portfolio for Florida

Headies will have exclusive access to Puffmen’s portfolio for Florida NEW YORK: The Blinc Group today announced that its customer in the vaping distribution industry, Headies Smoke Shops, has signed an agreement with Puffmen, to be the exclusive distributor in the State of Florida for its nicotine and cannabis vaping portfolio. Recognized as one of Read the full article…

New York State: Legal Cannabis Market Would Yield $434 Million Annually

New York State: Legal Cannabis Market Would Yield $434 Million Annually

NEW YORK:  The state of New York would gain an estimated $434 million annually in new tax revenue under a regulated adult use marijuana market, according to an analysis prepared by the New York City Comptroller’s office. The report estimates the size of the statewide cannabis market to be $3.1 billion. “Our analysis shows that a 10% retail Read the full article…

District Attorney Vance to End the Prosecution of Marijuana Possession and Smoking Cases

"The dual mission of the @ ManhattanDA's Office is a safer New York and a more equal justice system. The ongoing arrest and criminal prosecution of predominantly black and brown New Yorkers for smoking marijuana serves neither of these goals. "

New Manhattan D.A. “Decline to Prosecute” Policy Effective August 1st NEW YORK:  Manhattan District Attorney Cyrus R. Vance, Jr., today announced a new effort to reduce inequality and unnecessary interactions with the criminal justice system. Beginning August 1st, the D.A.’s Office will decline to prosecute marijuana possession and smoking cases. The District Attorney’s Office has invited Read the full article…

Cannabis PE Firm Merida Capital Partners Exceeds $50 Million In Assets Under Management

“Merida continues to see an acceleration of institutional interest in our core strategy,”

NEW YORK:  Merida Capital Partners, a private equity fund targeting fundamental growth drivers underpinning the rapid development of the cannabis industry, announced it has crossed $50MM in assets under management and closed transactions in nine companies in its second Fund. With the full deployment of Merida’s first tranche of Fund II and the opening of the firm’s Read the full article…

Patients Use Fewer Opioids Following Enrollment In Medical Cannabis Program

The study's findings are similar to those reported among enrollees in other states' medical cannabis programs, including the experiences of patients in Illinois, Michigan, Minnesota, New Mexico, and elsewhere.

NEW YORK:  Patients enrolled in New York state’s medical cannabis program reduce their use of opioids and spend less money on prescription medications, according to data published online in the journal Mental Health Clinician. Investigators from GPI Clinical Research labs in Rochester and the University of Buffalo assessed trends in patients’ medical cannabis and prescription drug use following Read the full article…

Cynthia Nixon To Speak At NYC Cannabis Parade & Rally This Saturday, May 5

Cynthia Nixon will speak at NYC Cannabis Parade & Rally on May 5

In its 47th year, the Event starts in Midtown and marches to Union Square Park for an afternoon rally NEW YORK, N.Y. – New York’s longest running annual pro-cannabis event, the NYC Cannabis Parade and Rally, returns for its 47th year this Saturday, May 5. Gubernatorial candidate Cynthia Nixon will be speaking at 2:30 pm Read the full article…