Tag: CAOA

StaffJuly 22, 2022
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15min00
Despite the forward progress of having some new cannabis legislation, industry insiders and top executives seem less than thrilled with the Cannabis Administration and Opportunity Act or (CAOA). Yesterday, U.S. Senator Cory Booker (D-NJ), Senate Majority Leader Chuck Schumer, (D-NY), and Senate Finance Committee Chair Ron Wyden, (D-OR) today introduced comprehensive legislation that would end […]

StaffJuly 21, 2022
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7min01
The Daily Hit is a recap of the top cannabis business stories for July 21, 2022. ON THE SITE Zynerba Enters New Equity Deal Worth $20 Million Zynerba Pharmaceuticals, Inc. (Nasdaq: ZYNE) struck an equity purchase deal on Thursday for up to $20 million with Chicago-based firm Lincoln Park Capital Fund (LPC). Lincoln Park Capital […]

Debra BorchardtJuly 21, 2022
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7min00
Senate Majority Leader Chuck Schumer (D-NY), Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ) formally filed the Cannabis Administration and Opportunity Act (CAOA) today. The long-anticipated legislation was met with cheers by the beleaguered cannabis stocks, which mostly jumped in value on the news. The 296-page legalization bill looks very similar […]

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