Day: January 16, 2022

California Administers New Cannabis Tax Reforms, Out With Sketchy Details

Gov. Gavin Newsom gave California’s marijuana industry reason to rejoice this week when he came out forcefully in favor of overhauling the state’s cannabis tax system to help MJ businesses woo customers from the thriving underground market. “It is my goal to look at tax policy to stabilize the market,” Newsom said during a news …

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Synthetic CBD Bound Effective for Patients Contracting For Covid-19: Canadian Research Suggests

More research saying cannabinoids may protect human cells from COVID-19 was released this week from scientists in Ontario working with synthetic CBD. Researchers at the University of Waterloo reported in a pre-peer-reviewed study that the synthetic CBD “appears to prime the innate immune system of cells, potentially offering protection against pathogens such as SARS-CoV-2,” the virus that …

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ConnectFirst Credit Union Sanctions $54 million Debt Capital In Favor Of Decibel Cannabis

Decibel Announces $54 Million Debt Refinancing with connectFirst, Increasing its Access to Debt by $20 Million CALGARY, AB, Jan. 14, 2022 /PRNewswire/ – Decibel Cannabis Company Inc. (the “Company” or “Decibel”) (TSXV: DB) (OTCQB: DBCCF), a premium cannabis producer, is pleased to announce that it has entered into an amended and restated commitment letter with connectFirst Credit …

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NY Cannabis Retail Options Shapes after Deadline Skips

Although roughly half of New York’s municipal governments opted out of permitting recreational cannabis stores before a Dec. 31 deadline, those opt-outs aren’t set in stone. That means new adult-use retail opportunities could still open up in the nation’s fourth-largest state by population, even as aspiring recreational marijuana retailers start making plans for communities that …

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