Business of Cannabis: Cannabis News | Cannabis Views | Cannabis Trends

Could Cannabis sector funding be choked by Global Banking Crisis?

Episode Summary

And Canada's federal government are looking at cannabis regulations

Episode Notes

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This week's stories:

• Global banking turmoil threatens to squeeze U.S. cannabis companies already struggling with meager funding sources by drying up support from regional lenders and tightening fundraising from alternative avenues, reports Market Screener.
• Canada’s federal government is launching a consultation that could lead to amendments to the country’s Cannabis Regulations, which govern the production of legal cannabis, reports MJ Biz Daily.
• America’s biggest cigarette company has a new plan to shift its business toward less-harmful products, after a string of failures, reports The Wall Street Journal.
• The Delaware Senate voted in favor of two bills that could legalize cannabis for adults and regulate its sales, reports Benzinga.
• Curaleaf Holdings is spending USD$20 million to acquire Deseret Wellness, the largest medical cannabis retailer in Utah, reports MJ Biz Daily, increasing Curaleaf’s footprint to four dispensaries in the state and 150 nationwide.

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Cannabis Daily is a cannabis news and interview program from Business of Cannabis. We highlight the companies, brands, people and trends driving the cannabis industry.

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