What's next for SAFE Banking?

THE BIG IDEA

Hi all,

It was great to see so many of you on this week’s east coast swing. Not sure I’m over Manhattan’s new pervasive smell. California Pro will be out tomorrow.

In today’s newsletter:

An insider’s view of SAFE Banking

Happy 4/20,

Alex

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LATEST PRESS RELEASE

Higgs Cannabis Headed to Canada

Los Angeles, CA (Newsworthy.ai) Thursday Apr 13, 2023 @ 9:00 AM Eastern — Higgs, a cannabis lifestyle brand, today announced an exclusive deal with Newfoundland-based Oceanic Releaf, a licensed producer and retailer of adult-use cannabis, that will see its award-winning...

Read the full press release here

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EXCLUSIVE: The road ahead for SAFE Banking

Former chief counsel to Senate Majority Leader Chuck Schumer (D-N.Y.), Reginald Babin has been deeply involved in efforts to pass federal cannabis reform. He has since left Schumer’s office for Akin Gump Strauss Hauer & Feld LLP a powerhouse DC law and lobbying firm.

I caught up with Babin at the Benzinga’s Cannabis Capital Conference in Miami to ask him about what’s next for SAFE Banking, the prospects for ending 280E and what would “inarguably” be the best way to legalize.

Read the story…

QUICK HITS

Business:

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Cookies raised an undisclosed amount of Series A capital, led by Entourage Effect Capital.
A report from recruiting platform Vangst found a 2% drop in weed jobs last year, the first ever decline.
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Cannabis LAB asked Chicago Atlantic exec Steven Ernest about his investment plans.
Legal U.S. sales now exceed chocolate sales.
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The Chicago Cubs became the first MLB team to partner with a CBD brand, MYND Drinks.
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@boxbrown

State and local:

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Alabama greenlit 90 MED license applicants to advance to the scoring process.
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Ahead of 4/20, Denver released new guidance on cannabis hospitality.
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An investigation alleges La Mota, Oregon’s second largest dispensary chain, owes state and federal taxes.
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Virginia is poised to ban delta-8 products.
Hemp Today