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Ayr Wellness to sell four Illinois dispensaries

Illinois News Joint

multi-state cannabis operator, announced in May 2022 it had closed the definitive agreement to acquire two Herbal Remedies Dispensaries. Ayr then acquired two more Illinois dispensaries, one in Hometown and one in Normal. Earlier this week, Ayr Wellness signed a letter of intent to sell all four Illinois dispensaries.

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Over 40 Members of Congress Request SBA Access For Small Marijuana Businesses

NORML

“Many of these establishments are small-to-medium size operators, with their employees keeping their doors open without access to the support systems in place for other businesses, thus depriving them of potentially lifesaving protections.” The majority of these businesses are small-to-medium in size.

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New Legislation Would Permit Marijuana Businesses to Access COVID-19 Relief

NORML

Representatives Earl Blumenauer (D-OR) and Ed Perlmutter (D-CO) have introduced legislation to allow state-legal marijuana businesses to apply for COVID-19 benefits through the Small Business Administration. Currently, the SBA is prohibited from engaging with cannabis businesses due to federal marijuana criminalization.

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House COVID Package Includes Cannabis Banking Relief, But Not Small Business Support

NORML

Included in the language of the bill is HR 1595: The SAFE Banking Act, which amends federal law so that explicitly banks and other financial institutions may work directly with state-legal marijuana businesses. The majority of these businesses are small-to-medium in size. But at the federal level, they are being cast aside by Congress.

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History made: Mississippi’s first medical marijuana dispensaries open for business

Leafly

The first of 162 state-licensed dispensaries opened on Wednesday afternoon. The post History made: Mississippi’s first medical marijuana dispensaries open for business appeared first on Leafly.

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Illinois: Lawmakers Approve Equity Measure to Award Over 100 New Dispensary Licenses

NORML

The bill seeks to increase diversity in the marijuana industry by awarding new dispensary licenses. The post Illinois: Lawmakers Approve Equity Measure to Award Over 100 New Dispensary Licenses appeared first on NORML.

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NORML Urges Congress to Provide Small Business Relief to State-Licensed Cannabis Companies

NORML

Representatives with the United States Small Business Administration (SBA) have reaffirmed that state-licensed cannabis businesses are ineligible for financial aid opportunities because marijuana remains classified as a schedule I controlled substance. The majority of these businesses are small-to-medium in size.

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