Author: AggregatedNews

[ad_1] Unreported damages presumably much higher, with 186 000 persons victimised by massive Ponzi scheme A joint investigation conducted by several European law enforcement authorities, supported by Europol and Eurojust, has culminated in the arrest of 9 suspects following the notorious “JuicyFields” investment fraud case. On an action day carried out on 11 April 2024, over 400 law enforcement officers in 11 countries executed 9 arrest warrants and conducted 38 house searches. During the investigation and action day, EUR 4 700 000 in bank accounts, EUR 1 515 000 in cryptocurrencies, EUR 106 000 in cash and EUR 2 600…

[ad_1] By Griffen Thorne, Attorney at Harris Sliwoski Cannabis investments are difficult enough when the investor is a U.S.-based person or entity. But things can get immensely more complicated when foreign investment is on the table. Today I want to highlight some of the top considerations for foreign investors and U.S. cannabis companies alike. 1. Legality could cause serious headaches To this day, cannabis remains federally illegal. State legality has zero effect on federal law. Even the possible rescheduling to schedule III of the Controlled Substances Act (CSA) will not make cannabis federally legal. Things are clearly a mess. In our cannabis team’s experience, a huge number…

[ad_1] Nearly half of Americans live in a state that allows legal access to recreational marijuana. Eleven more states, including Wisconsin and Florida, are considering legalization in 2024. One of the most common rationales for legalizing marijuana is increasing state tax revenue. How much revenue comes in depends on decisions states make about regulating the marijuana industry, including how it is taxed. I’m an economist who specializes in forecasting how various tax regimes affect markets. My expertise spans industries such as legal recreational marijuana, alcohol and tobacco. I’ve examined various taxes on marijuana in states such as Colorado and Washington to understand how much revenue…

[ad_1] California cannabis delivery company Eaze may face a work stoppage by April 20, a peak sales time for weed businesses. Nearly 600 cannabis delivery drivers and depot staff across California who work at Eaze and its subsidiary Stachs are represented by various locals of the United Food and Commercial Workers International Union. Last week, they voted to approve a strike, the union said, after contract negotiations with Eaze stalled over disagreements about hourly wages and the mileage reimbursement rate for drivers, who use their own cars to make deliveries. The vote gives leaders the authority to call a strike…

[ad_1] When an illegal smoke shop opened across the street, Gale Brewer, a local councilwoman, vowed to close it. What happened next was “like a Fellini movie.” The informal walking tour came to a pause on Amsterdam Avenue, outside a brick building where a beloved Upper West Side pizzeria had recently been replaced by yet another rogue weed shop. The store was called Holiday Candy Convenience. But to the local councilwoman, Gale Brewer, it was simply No. 23 — an entry on an oversize spreadsheet tracking the explosion of unlicensed cannabis stores in her district since New York legalized the drug in…

[ad_1] A marijuana legalization bill that passed the New Hampshire House on Thursday, after months of workshopping and debate, lacks the support it would need from Governor Chris Sununu to become law. A spokesperson for Sununu said the governor has clearly articulated the policy framework necessary to win his signature, but the version of House Bill 1633 that state representatives approved on Thursday “doesn’t get us there.” That said, Sununu looks forward to working with the New Hampshire Senate “to see if we can get it done,” with a focus on harm reduction and protecting kids, the spokesperson added. Even as proponents of HB…

[ad_1] Marijuana may be available to buy in mid-June, significantly earlier than anticipated, due to actions from Ohio’s rulemaking committee, their weed-enthusiast chairperson exclusively told WEWS/OCJ. Despite Ohioans voting to legalize recreational marijuana 57-43% in November, there is nowhere to buy it in the state legally. The passage of Issue 2 allowed adults 21 years of age and older to smoke, vape and ingest weed. Individual Ohioans are able to grow up to six plants but up to 12 per household. Click here to learn more about what the law entails. Per Issue 2, the Department of Cannabis Control (DCC) wasn’t set…

[ad_1] By Aaron Kelley, Attorney at Harris Sliwoski The need for social equity in cannabis programs As adult-use cannabis legalization sweeps across the country and America confronts the toll of previous, draconian cannabis policies, one of the best attempts to right abject wrongs is social equity programs within state cannabis industries. Unfortunately though, social equity programs are easily exploited and “loopholed.” Licenses have even been discreetly purchased by multi-state operators (MSOs) in some cases, or other entities that should not qualify as social equity applicants. Regulators are getting wise. One such example is Missouri, where concerns have been raised about the authenticity…

[ad_1] New York’s elected officials can agree on one thing when it comes to the state’s troubled marijuana market: The state must do something about the thousands of unlicensed cannabis sellers. And they appear near a deal to give local governments more authority to crack down on the illegal stores as part of a state budget that could come together as early as next week. Changes can’t come soon enough, according to legal sellers and lawmakers. Three years after legal weed became law, only 94 licensed storefronts have opened up shop to sell their wares to adults over 21. [ad_2]…

[ad_1] The Hawaii House of Representatives last week approved legislation to expand the state’s decriminalization of marijuana, only three days after a bill to legalize recreational cannabis in the state was killed for this year by House leaders. The House voted on Friday to approve the pot decriminalization bill, SB2487, on its third reading. The chamber approved the bill with amendments, sending it back to the Hawaii Senate, where the measure was approved by a vote of 24-1 on March 5. To become law, the Senate must pass the amended version of the bill, which must then be signed by Democratic…

[ad_1] State lawmakers are working through a number of modifications to the law Gov. Tim Walz signed last year legalizing recreational marijuana in the state. There are dozens of mostly technical changes in the works at the Capitol. But there’s a hardy debate over the process for giving social equity applicants a leg up in getting cannabis business licenses. The bill legalizing use of marijuana for Minnesotans 21 and older created a new state agency tasked with licensing businesses and overseeing a legal market. It gives higher priority to social equity applicants — those that were disproportionately held back by…

[ad_1] New York’s cannabis industry was unsettled Thursday by a judge’s ruling that appeared to strike down all regulations governing recreational marijuana in the state. But a key portion of the order turned out to be a mistake. The Wednesday ruling was amended Thursday to reflect a much narrower decision after cannabis growers, sellers and other supporters voiced concerns about the implications. The decision came in a lawsuit brought by Leafly, a cannabis sales website, which challenged the state’s rules barring marijuana dispensaries from advertising on third-party platforms. State Supreme Court Justice Kevin Bryant, in a strongly worded decision, sided with Leafly…