Cannabis News Today – July 16, 2024
Welcome to “Cannabis News Today,” a summary of the cannabis industry’s stock and regulatory updates.
TDR Exclusive: Ascend Wellness CEO On $235M Refinancing
Ascend Wellness Holdings announced a $235 million refinancing, with CEO John Hartmann emphasizing the strategic importance of this move. The refinancing replaces higher-cost debt and underscores strong lender support, highlighting Ascend’s fifth consecutive quarter of positive cash flow. The new 12.75% Senior Secured Notes due 2029 will enhance financial flexibility, allowing Ascend to focus on growth and expansion across key markets. Please read all about it on the TDR Website!
The Complex Legal Distinction of Hemp and Marijuana
An article in The Atlantic explores the legal distinctions between hemp and marijuana. It discusses the ongoing challenges and regulatory hurdles faced by the cannabis industry in differentiating between the two.
Wiz Khalifa Arrested in Romania for Cannabis Possession
Rapper Wiz Khalifa was arrested in Romania for cannabis possession during his European tour. Authorities detained him briefly before releasing him, and the incident has sparked widespread media attention.
CA State Fair Allows Marijuana Sale and Consumption for First Time
The California State Fair has made history by allowing the sale and consumption of marijuana on its grounds for the first time. This decision marks a significant milestone in the state’s approach to cannabis normalization.
Editorial Calls for Overhaul of Iowa’s Cannabis Rules
An editorial in the Des Moines Register highlights the need for a comprehensive overhaul of Iowa’s hemp and medical marijuana regulations. The piece argues for more progressive policies to align with evolving public opinion and market trends.
Czech Republic to Pursue Full Adult-Use Cannabis Market
Leaked documents suggest that the Czech Republic is planning to establish a fully commercial adult-use cannabis market. This development indicates a significant shift towards broader legalization and regulation in the country.
Snoop Dogg and Death Row Records Unveil Limited Edition 2Pac Collection
Snoop Dogg and Death Row Records Cannabis have announced a limited edition 2Pac cannabis collection. The line celebrates the legacy of the iconic rapper with exclusive products available for a limited time.
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