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Green Market Report | *|DATE_FORMAT:'%B %d, %Y'|*
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Debra Borchardt
Editor-in-Chief
Green Market Report
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| Debra’s on her way back from Chicago today, so you’re stuck with Jenel’s musings again. |
| Lawsuits are common in the cannabis industry, but this week seemed to have more than its fair share. From the SEC alleging that High Times engaged in illegal stock promotion and securities fraud, to Dunkin’ Donuts claiming trademark infringement, it was big names leading the headlines. However, plenty of smaller players are being challenged as well, including claims of forced labor in New Mexico. |
| But this week was also about celebration in the industry. We released our first-ever Notable Leaders in Cannabis feature on Monday, highlighting innovators in a variety of industry roles. But even that was overshadowed somewhat by news that the latest version of the SAFE Banking Act – now known as the SAFER Banking Act – had passed out of a key committee. It’s a big step for the legislation, and that contributed to an air of optimism at Benzinga’s Cannabis Capital Conference in Chicago this week. |
| On top of all that, in just over one month, we’ll be hosting our Midwest Women’s Cannabis Summit in Chicago! We just released our agenda and opened registration. Hope to see you there! |
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Introducing the 2023 Notable Leaders in Cannabis
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Our 2023 list of Notable Leaders in Cannabis recognizes industry professionals who have demonstrated a willingness to effect meaningful change in a dynamic industry... |
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Cautious Optimism at Benzinga Conference
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There was a noticeable air of cautious optimism at the Benzinga Cannabis Conference in Chicago this week, driven in large part by the recent events in Washington D... |
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Lucy Scientific Mum on High Times Deal
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The recent acquisition of High Times Holding Corp. by Lucy Scientific Discovery Inc. (NASDAQ: LSDI) raised many questions - but the company doesn't appear to want to answer them... |
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Hightimes Agrees to $558,000 Settlement With SEC Over Stock Promotion Scheme
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Hightimes Holding Corp. has settled allegations of an illegal stock promotion "scheme" with the U.S. Securities and Exchange Commission for a fine of $558,071, and the company has a month to pay up, according to SEC records... |
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Legal Roundup |
• Chinese Immigrants Allege Forced Labor on New Mexico Cannabis Farms
• Texas Court Says No to Delta-8 Ban
• Dunkin’ Takes E-Cigarette Maker to Court Over Branding
• Labor Judge Rules Dispensary Must Bargain with Union Despite Election Loss
• SEC Sues Disgraced Tree of Knowledge CEO Over Fraudulent Pivot
• Judge Says Hacienda’s Bankruptcy Case Can Stand
• Creditors Foreclose on Assets of SNDL’s Parallel
• Former Michigan House Speaker Sentenced to 55 months in MMJ Bribery Case
• Suspended Marijuana Regulator in Massachusetts Sues State |
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New York Regulators to Issue 1,500 Cannabis Licenses in Upcoming Round
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New York regulators are planning to issue roughly 1,500 marijuana business licenses when the upcoming permit application window opens next Wednesday, one of the state's top cannabis overseers disclosed... |
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Trulieve Kickback Allegations Highlight Systemic Problems in Arizona
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Trips to the Bahamas. Rolex watches. Expensive cars. Exclusive concert tickets. Or literally just bags of cash.
Those are all ways used by independent marijuana brands in Arizona to buy their way onto dispensary shelves, according to several industry insiders, responding to the news that multistate operator Trulieve Cannabis Corp... |
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The Daily Hit
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The Daily Hit: September 28, 2023
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Hightimes Holding Corp. has settled allegations of an illegal stock promotion “scheme” with the U.S. Securities and Exchange Commission for a fine of $558,071, and the company has a month to pay up, according to SEC records... |
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The Daily Hit: September 27, 2023
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A revamped version of the SAFE Banking Act – now known as the SAFER Banking Act – sailed out of a Senate committee on Wednesday with a 14-9 vote... |
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The Daily Hit: September 26, 2023
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The recent acquisition of High Times Holding Corp. by Lucy Scientific Discovery Inc. (NASDAQ: LSDI) raised many questions – but the company doesn’t appear to want to answer them... |
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The Daily Hit: September 25, 2023
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A federal administrative law judge handed a significant victory to the United Food and Commercial Workers Union in a ruling last week when it ordered a Massachusetts dispensary to negotiate with the union despite the fact that the UFCW lost an election last year to represent the company’s staff... |
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Events |
| Oct. 4: AGP Cannabis Conference, online |
| Oct. 10-12: MJ Unpacked, Detroit |
| Oct. 25: Jeffries Cannabis Summit, New York City |
| Nov. 1-3: Indigenous Cannabis Industry and Policy Summit, Washington D.C. |
| Nov. 2: Green Market Report Midwest Women’s Cannabis Summit, Chicago Registration now open! |
| Nov. 3: Business of Cannabis, New York City |
| Nov. 16: The Cannabis & Psychedelics Investment Summit, New York City |
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