Happy Monday! High Times' intellectual property is up for sale again, Ohio lawmakers are trying to override voter-backed legalization laws, Virginia remains the only state with adult use legalization but no legal market to buy from, and New York might finally be rolling out its grant program for CAURD licensees. We have these stories and many more in our recap below.
TL;DR
Too long, didn't read? Here's the gist!
💨 The intellectual property of High Times, including the magazine, its trademarks, and its Cannabis Cup events, are for sale again. – MJBiz Daily
😤 The Ohio Senate passed a bill to override parts of the state’s voter-backed cannabis legalization law, including home grow and potency restrictions. – Ganjapreneur
🌿 Tennessee hemp brands fear new restrictive bills could result in thousands of lost jobs and millions of dollars in lost tax revenue. – Marijuana Moment🇨🇭 An adult-use cannabis legalization proposal in Switzerland has advanced from a parliamentary commission to the full legislative body. – Ganjapreneur🥨 High Tide has halted its planned acquisition of German cannabis company Purecan GmbH. – Green Market Report😂 Virginia appears set to remain the only state in the country with adult use legalization, but no legal market to buy from. – MJBiz Daily🤝 Minnesota lawmakers, municipalities, and business are concerned tribal-owned cannabis companies won't have to play by the same rules. – Marijuana Moment🍹 Trulieve has launched "Onward," a new line of non-alcoholic, hemp-derived THC infused cocktails. – Green Market Report🎫 A new Washington state proposal would create licenses allowing for the public use of cannabis in regulated environments. – Ganjapreneur😴 A new study concluded that cannabis was a safe and effective treatment for pain and sleep amongst those over the age of 50. – Marijuana Moment BUDS BY THE NUMBERS
Five stats that stopped our thumb.
1. New York may finally have a functioning grant program that will award CAURD licensees up to $30,000 for eligible expenses. – Marijuana Moment 2. Combined medical and adult-use cannabis sales in Arizona declined by about $200 Million in the last year. – Ganjapreneur3. The illicit market for cannabis in Nevada has grown to $242 Million, taking a big bite out of Nevada's once thriving market. – KLAS4. Gov. Phil Murphy's has proposed raising New Jersey's cannabis excise tax from $2.50 to $15 per ounce. – Benzinga5. Canopy Growth Corp. announced a new at-the-market equity program to sell $200 Million worth of new stock in the U.S. and Canada. – Green Market Report 