Open Book Extracts Raises $11.5M Series B Funding led by KEY Investment Partners and Norte Capital As we head into the summer months, we are excited to announce a new addition to the Key Investment Partners’ portfolio. Founded in 2019, Steady State, LLC is comprised of two sub-entities, Open Book Extracts (OBX) and Steady State […]
House Passes Bill To Decriminalize Marijuana For Federal Purposes Last week Congress passed The Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) with support from both sides of the aisle with a 228-164 vote in the House. The passing of this historic bill would end the federal ban on marijuana, clean up many of the […]
Clean Sweep for Marijuana on Election Night As the dust settles, it has become clear that marijuana was a big winner on election night. It was a green sweep for the five states with marijuana reform on the ballot with victories in NJ, AZ, SD, MT and MS. “Voters in Arizona, Montana, New Jersey, and […]
Cannabis could be an effective tool to win over voters from both sides of the aisle, so why is Joe Biden hesitant to join the rest of his party and most other Americans? It is popular in key political states, it motivates cannabis supporters to go out and vote and appears to have little political downside. The answer is public health concerns.
States across the country are looking to cannabis to fuel both tax revenue and job growth. The cannabis industry currently employs nearly 250,000 full time jobs – and these numbers only scratch the surface for an industry that remains illegal federally and in nearly 80% of the states.
KEY Investment Partners will partner with CanopyBoulder to provide cannabis & hemp investors with a hub for news, updates, and deals during this difficult time. The platform kicks off on April 7th with pitches from 10 top-performing cannabis and hemp companies, followed by a panel of VCs on how COVID-19 is impacting the investment landscape.
As the spread of the coronavirus continues and anxiety for Americans escalates, operators of cannabis dispensaries have reported that business is booming. Named by several cities as “essential businesses,” dispensary owners have reported long lines of customers, similar to what has been seen at grocery stores and pharmacies.
Governor Cuomo at his 2020 State of the State address last month vowed to legalize Marijuana in New York – citing the effort as a long overdue criminal justice reform. Quickly moving forward with his promise, Cuomo introduced new cannabis legislation as a part of his 2020 budget proposal.
Mitch McConnell is widely considered the most significant roadblock to passing marijuana legalization into federal law insofar as the decision on which bills are heard and which are not is the sole prerogative of the Majority Leader.
The US could soon be the last bastion of federal marijuana prohibition in North America, as newly elected Mexican president advocates for legalization. Plus, the latest results of Gallup’s annual Crime survey are in, and they show support for legalizing marijuana holding steady at 66% from last year.