Altitude Investment Management Closes Cannabis Fund I at $30M

Altitude Investment Looks to Fund II

NYC Based Cannabis Investment Firm Successful Fund I Raise, looks to Fund II NEW YORK: Altitude Investment Management announced that it will close Fund I on November 30, 2018 with $30 million raised. Fund I commenced March 1, 2018 and is currently invested in 16 companies which emphasize the fund’s focus on investing in a diverse range Read the full article…

Acreage Holdings Acquires Blue Tire Holdings In Michigan

michigan state map

NEW YORK: Acreage Holdings announced it has entered into an agreement to acquire the real estate assets of Michigan-based Blue Tire Holdings to bring cannabis products to Michigan residents throughout the state. Leading development efforts in the state will be a team of Acreage Holdings and Blue Tire experts, including Blue Tire’s Chief Medical Officer, Dr. Saqib Read the full article…

New York: Cuomo Administration To Back Adult Use Marijuana Bill

"The goal of this administration is to create a model program for regulated adult-use marijuana – and we determined the best way to do that was to ensure our final proposal captures the views of everyday New Yorkers,"

NEW YORK: A spokesperson for Gov. Andrew Cuomo says that creating a framework for legalizing adult marijuana use is among the administration’s 2019 legislative priorities. “The goal of this administration is to create a model program for regulated adult-use marijuana – and we determined the best way to do that was to ensure our final proposal Read the full article…

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…