Cannabis Company Buying Entire Town for Tourism

Phoenix based American Green Inc. is buying the entire town of Nipton, CA, all 120 acres of it. They want to turn the town into a cannabis tourism destination. Nipton, population 20, is a mere 60 miles from Las Vegas and about 3 hours from Los Angeles or, as the current owner described it as

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Massachusetts Approves Cannabis Adult Use Legislation

Eight months after Massachusetts voters approved legal adult use of cannabis, reluctant Republican Gov. Charlie Barker signed legislation to start a year long phase-in of permitting adults to buy and use cannabis. The expectation is that the first stores will be open by next July. The legislation imposes a 20% tax on adult use cannabis,

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SEC Says ICOs May Be Securities Offerings

Purveyors of initial coin offerings (ICOs) received a strong lashing from the SEC yesterday in declaring that one particular ICO was a securities offering that should have been fully registered with the SEC or met with an exemption from registration. A very new and exploding technique, in ICOs companies issue digital tokens through blockchain technology

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Lawsuit: Cannabis Criminalization is Unconstitutional

Former NFL star Marvin Washington and others yesterday filed a lawsuit in NY against the US Government and Attorney General Jeff Sessions. The suit is seeking to declare the Controlled Substances Act (CSA), which makes cannabis illegal under federal law, unconstitutional as to its classification of cannabis as a Schedule I drug, deeming it as

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Bill Would Allow Reporting Companies to Use Reg A+

Update August 1, 2017: The Financial Services Committee approved this bill on July 25, 2017 in a rare 59-0 vote. it now heads to the full House of Representatives. The House Financial Services Committee is considering a bill that would permit full SEC reporting companies to use Tier 2 of Regulation A+ to effect a

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From Sea to Shining Sea

I am a proud and patriotic American. Though my political views have evolved at times through my life, so this is truly not a political statement, that has not changed. One hopes that every American, regardless of their feelings on policy, agrees. Patriotism does not require blind adherence, in fact it requires we never stop

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SEC Expands Confidential IPO Filing to All Issuers

The Jumpstart Our Business Startups (JOBS) Act of 2012 ushered in a very popular alternative for “emerging growth companies” going public and those utilizing Regulation A+: confidential submission to the SEC of your initial planned registration or offering statement. Unfortunately, companies not considered EGCs or eligible for Reg A+ do not have the benefit of

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Cannabis or Marijuana? What’s in a Name?

An insightful article a few weeks ago on MassRoots (www.massroots.com) urges readers to “rebrand” cannabis and call it by its proper scientific name: cannabis. The piece goes through the apparently racist history of those who adopted the term “marijuana” as they pushed for criminalization of cannabis in the US in the 1930s. Mexicans using cannabis recreationally

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