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Cannabis SPAC acquires Caliva and Left Coast Ventures, hires Jay-Z

New York-based Subversive Capital Acquisition Corp., a special-purpose acquisition company, said it has acquired two California cannabis companies and hired rapper and producer Shawn “Jay-Z” Carter in a role to foster social equity in the industry.
Can…

California Medical Cannabis Business & Marijuana Legal News Caliva Cannabis Industry & Marijuana Business Briefs Jay z left coast ventures Marijuana Sales, Funding & Banking News Recreational Marijuana News scac social equity SPAC Subversive Capital Acquisition Corp. United States Cannabis Industry & Marijuana Business News

Cannabis SPAC acquires Caliva and Left Coast Ventures, hires Jay-Z

New York-based Subversive Capital Acquisition Corp., a special-purpose acquisition company, said it has acquired two California cannabis companies and hired rapper and producer Shawn “Jay-Z” Carter in a role to foster social equity in the industry.
Can…

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Marijuana firm Vireo files prospectus to issue up to $200 million in securities

Minneapolis-based Vireo Health International said it has filed a preliminary prospectus in Canada to sell as much as 260 million Canadian dollars ($200 million) in securities if and when market opportunities permit. Such a shelf offering doesn’t mean a…

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California judge rules against cannabis billboard ads on interstate highways

Billboards for marijuana companies are commonplace in California, but that advertising option for cannabis businesses is about to shrink based on a district court judge’s ruling. According to TV station KSBY, San Luis Obispo Superior Court Judge …

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Maine’s recreational marijuana sales reach $1.4 million in first month

Regulated recreational marijuana retailers in Maine sold $1.4 million worth of cannabis in the first month of adult-use legalization, which kicked off on Oct. 9. The preliminary, unaudited sales data from Maine’s Office of Marijuana Policy (OMP) …

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Cannabis MSO Jushi plans $50 million expansion in Pennsylvania

Fast-growing multistate cannabis operator Jushi Holdings said it will invest $50 million to expand its Pennsylvania cultivation and processing facility to meet increasing market demand. The Florida-based MSO plans to expand the facility in Scranton fro…

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South Dakota’s recreational marijuana law to be challenged in court

A lawsuit in South Dakota backed by the governor questions the constitutionality of the voter-approved amendment that legalized recreational marijuana in the state. The lawsuit was filed Friday by Pennington County Sheriff Kevin Thom and South Dakota H…

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Cannabis firm Liberty Health settles class action suit for $1.8 million

Canada-based cannabis operator Liberty Health Sciences said it agreed to settle a 2019 securities fraud class action lawsuit for $1.8 million. The settlement is “made without any admission or finding of liability and is subject to court approval,” Libe…

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Appellation program, cooperatives might give small California cannabis farmers a boost

Small marijuana farmers in California who’ve struggled in recent years – either to launch their own brands, expand their businesses or survive the transition to the new legal market – might have a brighter future, thanks in part to various programs and…