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Ayr Wellness Announces Acquisitions in Illinois and Nevada

Ayr Wellness Announces Acquisitions in Illinois and Nevada
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Ayr Wellness to Enter Illinois Cannabis Market With $30 Million Dispensary acquisition – New Cannabis Ventures

Ayr Wellness to Enter Illinois Cannabis Market With $30 Million Dispensary acquisition – New Cannabis Ventures
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Cannabis Client Alert - Week of March 29, 2021 | Dentons

In this week’s edition:
Cannabis Banking Bill has bipartisan support
Congressional Research Service clarifies 280E
New York comes to recreational cannabis agreement
Medical cannabis laws have no impact on adolescent recreational use, research finds
Federal
Cannabis Banking Bill Reintroduced in the Senate - US Sens. Jeff Merkley (D-OR) and Steve Daines (R-MT), along with 27 other cosponsors, have reintroduced the Secure and Fair Enforcement (SAFE) Banking Act. If enacted, SAFE would ensure that financial institutions could service cannabis business clients without facing federal penalties. At present, the threat of federal penalty has shut out many cannabis companies from working with many banks and credit unions. Now that Democrats control the Senate and the White House, many in the industry are optimistic about passage. ....

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Could Indiana legalize recreational cannabis this year? One lawmaker is pushing for the change

In Illinois first year of recreational cannabis sales, the state reported more than $100 million in tax revenue. Additionally, more than 400,000 minor cannabis-related offenses have been expunged from records as part of Governor J.B. Pritzker s cannabis expungement policies. The expungement process removes charges related to non-violent cannabis possession or use from a person s criminal record.
It s a very rare, unique opportunity to have a clean slate, Geneva Brown, a CARPLS staff attorney, said.
Brown works on expungement cases through the New Leaf Initiative, which is funded by the state of Illinois and is a project of the Illinois Equal Justice Foundation. CARPLS Legal Aid is one of 20 nonprofits throughout Illinois that is part of the initiative. ....

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