Credit Union Times’ Post

I wrote this article to highlight the importance of achieving equity for cannabis entrepreneurs. According to Omnique Garner, the obstacles facing black cannabis entrepreneurs are not limited to funding and equity. Before a business owner can join the Cannabis Control Commission’s applicant queue, they must sign a contract with a host municipality. An agreement must be reached with the city or town where the owner wishes to operate. While the state has a social equity program, municipalities are not held to those same rules. Some municipalities have been accused of disreputable practices, negotiating more than the 3 percent sales tax outlined by state lawmakers. In one investigation, WGBH News reviewed 500 host community agreements between municipalities and potential cannabis business owners. Equity for cannabis industry professionals is necessary. Everyone deserves fair and equal treatment in this industry. #CannabisIndustryEquity #CannabisEntrepreneurs

Well, I guess that, calling them "difficulties", is like calling the Titanic's collision with the iceberg, a "maritime challenge"... "It comes as the cannabis industry faces challenges such as oversupply, falling prices, and regulatory obstacles. Heritage’s restructuring efforts will try to address some of the difficulties and attract new capital or ownership to continue its operations." Take a look at their financials - they are whatever comes before awful - their vision was to get to awful ("Man, if we could just have awful financials, that would be sweet"). Any stalking horse must have been on its way to the glue factory - even at free, you are getting a mega-money loser and capacity in an industry with waaay to much still in play - you'd need to pay me to take it. Heritage Cannabis begins sale process as part of restructuring https://lnkd.in/g64_jdim

EXC: the state-owned British Business Bank funded a foreign-owned Cannabis lobbying group led by a former Conservative MP. The British Business Bank’s Future Fund - created to support companies facing financing difficulties due to the Coronavirus outbreak - provided a loan of £467,165 to the Conservative Drug Policy Reform Group, which campaigned for a general relaxation of drug laws in the UK. The lobbying outfit was owned by a number of American and Canadian cannabis-related companies. Crispin Blunt, the former Conservative MP for Reigate served as the body’s unremunated chair. The Future Fund has famously provided loans to a number of unconventional businesses during the pandemic, including Killing Kittens, a sex party organiser, a cannabis oil company and the football club Bolton Wanderers. However, given that this lobbying group makes no revenue (in the UK or anywhere) and would never do so it is likely the oddest business funded by taxpayers through the Future Fund. A spokesman for the BBB said that the scheme was rules-based and any company, regardless of their purpose, would receive funding if they met the eligibility criteria.

By shopping from Black-owned cannabis retailers, you can help say “no” to big corporations and yes to entrepreneurs who deserve support in this space. These Black-owned cannabis retailers are reshaping social equity and taking the industry by storm. https://lnkd.in/eHMK4rmy

By shopping from Black-owned cannabis retailers, you can help say “no” to big corporations and yes to entrepreneurs who deserve support in this space. These Black-owned cannabis retailers are reshaping social equity and taking the industry by storm. https://lnkd.in/eHMK4rmy

After spending 20 years in the unregulated cannabis market, it's an absolute joy to now be able to support and uplift the businesses in this industry that gave me everything I have today. The journey has come full circle, and I’m proud to use my experience to help cannabis entrepreneurs navigate the challenges and build successful, thriving companies. This industry shaped me, and now it’s my turn to give back. #CannabisCommunity #CannabisIndustry #Entrepreneurship #CannabisBusiness #GivingBack #FullCircle #CannabisJourney #IndustrySupport #BusinessGrowth #CannabisEntrepreneurs #LegacyToLegal #SupportSmallBusiness #CannabisSuccess

MedMen's filing for bankruptcy is being described as one of the steepest downfalls in the cannabis industry to date. It seems like it's getting increasingly easier for companies raise money, go public, and exit stage left. Our client, Hippos discusses how prioritizing your employees and your vendor partnerships in the industry are key to success in today's MJBiz Daily article from the incredible Chris Casacchia! Be sure to give it a read! What were your first thoughts after hearing the news? If you've got a story to share, Americana Communications can help you tell it ✨ 🍃 #Americana #PR #PublicRelations #InvestorRelations #Cannabis #CannabisIndustry #MediaRelations #MJBizDaily #News

MariMed CEO Jon Levine shares his thoughts on Trump’s campaign promises to support cannabis reform, including SAFE Banking and federal rescheduling. While Levine remains cautiously optimistic, he emphasizes that MariMed’s “heads-down” approach to running the business ensures progress regardless of political shifts. With both major parties voicing support for reform, the cannabis industry may see new opportunities—if promises turn into action. Dive into the full interview for insights on what lies ahead for cannabis under Trump’s leadership. Read the full story. 🔗 https://bit.ly/3UWQFeQ #ACIA #CannabisPolicy #CannabisReform #SAFEBanking #CannabisNews

By shopping from Black-owned cannabis retailers, you can help say “no” to big corporations and yes to entrepreneurs who deserve support in this space. These Black-owned cannabis retailers are reshaping social equity and taking the industry by storm. https://lnkd.in/eHMK4rmy

By shopping from Black-owned cannabis retailers, you can help say “no” to big corporations and yes to entrepreneurs who deserve support in this space. These Black-owned cannabis retailers are reshaping social equity and taking the industry by storm. https://lnkd.in/eHMK4rmy