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Rapper Snoop Dogg is partnering with Swedish fintech unicorn Klarna, and has become a major shareholder

“Snoop Dogg has a history of investing in start ups having previously backed marijuana companies like Merry Jane and Eaze” writes Callum Burroughs for businessinsider.com. The music superstar meets Swedish bank tie in isn’t perhaps the most usual development in the fintech world, but start up lender Klarna is hoping that Snoop Dogg’s charisma will pay off. Source: businessinsider.com

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New Yorker article about marijuana strikes nerve with pot researchers

“In the article, Malcolm Gladwell drew connections between Washington’s legal marijuana and rates of violent crime in the state” writes Ryan Blethen for seattletimes.com. You might not know that after reading a recent New Yorker article drawing a connection between marijuana use, schizophrenia and violent crimes in Washington.Violent crime rates in our state and nationwide have both increased since 2014, and those recent numbers are still lower than in 2007-2009. Source: seattletimes.com

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Dispute over rules riles California’s legal pot market

“But a dispute over home deliveries into communities that ban pot sales could end up in court” writes Michael R for seattletimes.com. He said the state also should be mirroring rules set by the federal government, which could eventually oversee the national pot market.The rules released Wednesday will allow home marijuana deliveries statewide, even into communities that have banned commercial pot sales.LOS ANGELES (AP) — California has finalized its rules governing the nation’s largest legal marijuana market, a milestone coming more than a year after the state broadly legalized cannabis…

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The CEO of one of the hottest marijuana vape startups says the company is gearing up for an IPO this year

“The CEO of one of the world’s most popular marijuana vape startups says the company is looking to go public this year” writes Jeremy Berke for businessinsider.com. That’s possible because Pax, despite their devices being used for consuming marijuana, is like any other software-and-hardware company.Because marijuana isn’t legal in all 50 states, being in the actual business of growing marijuana comes with a ton of risk.Juul, the tobacco vape company that recently landed a $12.8 billion infusion from Altria, was spun out of Pax Labs in 2017. Source: businessinsider.com

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Trump’s AG pick vows not to target marijuana businesses

“Despite medical and so-called recreational cannabis legalization in dozens of states, federal law prohibits the possession and sale of marijuana” writes The Associated Press for seattletimes.com. In his testimony before the Senate Judiciary Committee, William Barr said he would not use limited government resources to target cannabis businesses that are complying with state laws.Since the guidance was rescinded, there has been concern about the future of the growing cannabis industry.WASHINGTON (AP) — President Donald Trump’s pick to become the next attorney general said Tuesday that he would “not go after”…

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OKC school district approves the use of medical marijuana

“The district will provide a place for a guardian to administer medical marijuana to students at school” reports thebusinessjournal.com. School employees will not be allowed to aid students in obtaining, using or storing medical marijuana. ___ Information from: The Oklahoman, http://www.newsok.com. The Oklahoma City Public Schools board voted to approve the policy Monday night, The Oklahoman reported .That may not be popular with some people, but if it’s not popular they need to go back to the ballot box and address it there.” Oklahoma voters approved the legalization of medical…

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The dealmaker behind one of the most active marijuana VCs breaks down how he picks what companies to invest in

“Already major food-and-beverage companies have either pursued joint ventures or taken equity stakes in marijuana companies” writes Jeremy Berke for businessinsider.com. It’s been a hot few weeks for venture capital deals in the marijuana industry, and one firm has been behind most of the headlines.Nominally an organic juice company, Greenhouse owns 15 brick-and-mortar stores as well as an e-commerce platform.”We’re getting a lot of interest right now from consumer-packaged-goods industry companies like beverage/alcohol, tobacco, pharma, and even financial services who are all interested in the cannabis industry,” said Scott in…

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Aurora Cannabis is gearing up to break into the $1.6 billion CBD industry in the US

“Aurora Cannabis, one of the world’s largest publicly traded marijuana cultivators, is set to enter the US market in the next few months” writes Jeremy Berke for businessinsider.com. Read more: We talked to a top executive at Aurora Cannabis about why it’s buying an organic-medical-marijuana company in the latest pot M&A tie-up And according to a report from the Brightfield Group, a cannabis industry intelligence firm, CBD could become a $22 billion market by 2022.CBD, or cannabidiol, is a non-psychoactive component of the marijuana plant that’s become a trendy ingredient…

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Don’t expect weed to be everywhere if it’s legalized

“Weed may not be available everywhere in New York if the state legalizes recreational marijuana” reports nypost.com. Cuomo said Monday that he will give local governments the right to continue the current prohibition on weed sales when, and if, New York legalizes weed. “We gave local governments the opportunity to opt out — if they want,” Cuomo said on WAMC radio.The governor is expected to lay out his marijuana legalization plan when he releases his executive budget on Tuesday.Cuomo once opposed marijuana as a “gateway” drug, but warmed to the…

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Aurora Cannabis is buying an organic medical marijuana company in the latest pot M&A tie-up

“It’s also the latest deal in what has already been a hot few weeks for M&A in the cannabis industry” writes Jeremy Berke for businessinsider.com. Aurora Cannabis on Monday said it’s acquiring Whistler Medical Marijuana Corporation, an organic cultivator based in Whistler, British Columbia, in an all-stock deal worth up to $132 million ($175 million CDN).Analysts said the Whistler deal gives Aurora a leg-up on branding power, in an industry where advertising is heavily restricted.The company operates two indoor marijuana cultivation facilities in British Columbia, including one under construction in…

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