Is Nevada’s pot law half baked?
Recreational marijuana is now legal in Nevada — but the rollout isn’t exactly going according to plan.
Marijuana producers are allowed to take every step involved in bringing cannabis from the soil to the store, except for one: distribution. That means vertically integrated companies have to hire third-party distributors just to move marijuana down their own hallway.
While the Golden State is preparing for the rollout of recreational legalization, it’s already having to address the issue of a California cannabis surplus.
On July 27, 2017, Hightimes Holding Corp., the company behind High Times magazine, announced a merger agreement with Origo Acquisition Corporation (NASDAQ:OACQ), a special purpose acquisition company, as a means of making High Times a publicly traded company.
Marijuana arrests in the Old Dominion State disproportionately affect black communities, but reform could be on the horizon—officials have launched a Virginia marijuana decriminalization study and they want to hear from the public.
