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.
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.
Our lives have dramatically changed over the past few weeks as we come to terms with the reality of the situation in which COVID-19 has placed us. For most Americans, the economy has come to a complete standstill as social distancing and increased ‘stay-at-home’ measures have become the new normal. Only certain ‘essential’ businesses remain open across the country as the nation works together to flatten the curve of this pandemic. In this blog post we will explore the impact of COVID-19 on the cannabis industry, how private equity has performed historically in distressed periods and why cannabis investors should look at the current state of the economy opportunistically.
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.
CBO Scores Cannabis Banking Bill; Rand Paul says “Good Chance” it gets a Hearing.
38 State Attorneys General Sign Letter to Congress Urging Action on SAFE Banking Act
The excitement around investing in cannabis is obvious and undeniable. It shows up in headlines on a daily basis, and investors agree that the time to get involved is before federal legalization normalizes returns, not after. But when will that be? Most will readily say that legalization is going to happen, but very few can tell how or when it will happen. Still fewer can coherently explain the confused, fractured legal status of cannabis at the state level or the many nuanced ways cannabis could experience a de facto legalization that would stimulate huge growth in related capital markets. In this article we outline the myriad political pathways cannabis could take towards legalization, and just how soon it could happen.
Largest-Ever Acquisition in U.S. Cannabis Markets In what will be the largest US-based cannabis acquisition to-date, Chicago-based Cresco Labs has agreed to buy CannaRoyalty in an all-stock transaction valued at $825 million. Cresco stock soared 10% higher and closed at an all-time high, signaling investor support for the deal. This follows on the heels of […]
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