New York fund manager JW Asset Management is teaming up with former NBA All-Star Chris Webber to launch a planned $100 million private equity fund that will invest in underrepresented marijuana entrepreneurs. A spokeswoman said $100 million is the fund…
social equity
New Mexico adult-use marijuana bill advanced by state House panel
A New Mexico legislative committee Monday advanced a social equity and microbusiness-focused adult-use marijuana legalization bill while tabling a more industry-oriented measure. The early step indicates what direction the Legislature appears to be hea…
Colorado awards first adult-use cannabis delivery license
Colorado issued its first adult-use cannabis delivery permit, reflecting a continuing nationwide trend to allow home delivery in the wake of the coronavirus pandemic. High Country Supply, doing business as Colorado Harvest Co., received the first adult…
Senate Majority Leader Schumer’s marijuana reform push embraced, but stiff challenges await
Senate Majority Leader Chuck Schumer’s commitment to make federal marijuana reform a priority sent cannabis stocks surging last week and thrilled advocates, but experts caution that high hurdles persist for comprehensive legislation to pass Congress. W…
Prospects for adult-use cannabis legalization loom large in Connecticut
Connecticut’s heavily regulated medical cannabis market is expected to post a respectable 15% increase in sales this year, but it’s the prospect of adult-use legalization and a nearly $750 million market that has multistate operators rubbing their hand…
Nevada’s cannabis industry lacks diversity, especially in ownership, survey shows
Nevada’s first official demographic survey of cannabis businesses shows that women and minorities account for a smaller percentage of the local marijuana industry versus their overall representation in the state – especially when it comes t…
How One Social Equity Advocate Helped Land $4 Million To Rectify Colorado’s War On Drugs
In Colorado, approximately 87% of cannabis business owners identify as white. But in the first state to legalize adult-use marijuana sales, that figure might finally drop with the state dedicating $4 million in new funding to advance industry involveme…
Virginia lawmakers pass landmark recreational marijuana legalization bills
Virginia took a major step toward becoming the 16th state in the nation to legalize a recreational marijuana market and the first in the South after the House of Delegates and Senate passed different legalization bills on Friday. The differences in tho…
L.A. social equity marijuana retailers allowed to apply for state licenses
Roughly two dozen of 200 upcoming social equity marijuana retailers in Los Angeles got the greenlight from city regulators to apply for the required state permits, marking slow but steady progress in the municipality’s march toward industry expan…
Pennsylvania governor makes budget pitch for legalizing recreational cannabis
Pennsylvania Gov. Tom Wolf, as expected, has made legalizing recreational cannabis one of his administration’s top legislative priorities this year. Wolf highlighted recreational marijuana in his budget proposal Wednesday and mentioned the urgency give…