cannabis industry News

Endless Boom in Blank Check Companies Is Wearing Out Insurers

The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability policies for special purpose acquisition companies have been flooded by the listings that surged last year. That’s caused insurers to …

Deal Offers More Banking Services for California Pot Firms

LOS ANGELES (AP) — A California cannabis industry group announced Tuesday that it reached an agreement with a state credit union that will provide checking, wire transfers and other banking services for more marijuana companies, helping ease what has been …

California Considers Calling THC in Pot a Risk to Moms-To-Be

LOS ANGELES — More than three years after California voters broadly legalized marijuana, a state panel is considering if its potent, high-inducing chemical _ THC _ should be declared a risk to pregnant women and require warnings. Studies have indicated …