Hawaii Senators Seek Pathway To Recreational Marijuana

Hawaii Senators Seek Pathway To Recreational Marijuana

Hawaii Senators Seek Pathway To Recreational Marijuana

Supporters of legal recreational marijuana for adults made another push at the state Capitol Tuesday, facing fierce opposition even as the final decision may rest with President Trump.

Senate health and consumer protection committees heard two bills that would allow low-dose THC hemp or cannabis products, despite House leaders saying they won’t hear marijuana legalization bills this year.

Opposition cites addiction concerns

Honolulu Prosecutor Steve Alm opposed the measures, saying daily marijuana users now outnumber daily drinkers.

“It’s the addicts who buy most of the marijuana now, and do you want to be in the addiction for profit business? I don’t think so,” Alm said.

Connie Mitchell from the Institute for Human Services said her experience with homelessness shows substance use disorders are already a problem.

“Every day I am dealing with substance use disorders, and I just fear that this is just going to make it worse,” Mitchell said.

Supporters cite medical benefits, voter support

Supporters argued that the low-dose THC products are politically popular and medically beneficial.

Carolyn Golojuch, 79, said she would use marijuana for medical purposes.

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The post Hawaii Senators Seek Pathway To Recreational Marijuana appeared first on Marijuana Retail Report – News and Information for Cannabis Retailers.

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Green Thumb Industries Secures Additional $50 Million Senior Debt Financing

Green Thumb Industries Secures Additional $50 Million Senior Debt Financing

Green Thumb Industries Secures Additional $50 Million Senior Debt Financing

CHICAGO and VANCOUVER, Canada — Green Thumb Industries Inc. increased its existing syndicated credit facility led by Valley National Bank by $50 million, bringing the total facility to $189 million. The company intends to use the cash proceeds for general corporate purposes, potential strategic investments, and other working capital requirements.

The credit facility has a maturity date of September 11, 2029, and will continue to bear interest from the date of issue at Secured Overnight Financing Rate (SOFR) + 500 basis points. The transaction did not involve the issuance of any Green Thumb equity to any of the participating banks in the syndication.

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Marijuana Legalization Is On The Ballot In Texas During The Primary Election That’s Happening Now

Marijuana Legalization Is On The Ballot In Texas During The Primary Election That’s Happening Now

Marijuana Legalization Is On The Ballot In Texas During The Primary Election That’s Happening Now

Texas voters who go to the polls for the primary election that’s currently underway have the opportunity to weigh in on whether marijuana should be legalized in the state—at least if they select a Democratic ballot.

As part of the March 3 election for which early voting has already started, each major party was able to place several non-binding propositions on the ballot that allow voters show how they feel on key issues.

The Texas Democratic Party is using one of its propositions to find out where the electorate stands on legalizing cannabis and whether past convictions should be expunged.

The yes or no question on Democratic primary ballots reads:

“Texas should legalize cannabis for adults and automatically expunge criminal records for past low-level cannabis offenses.”

To Read The Rest Of This Article On Marijuana Moment, Click Here

The post Marijuana Legalization Is On The Ballot In Texas During The Primary Election That’s Happening Now appeared first on Marijuana Retail Report – News and Information for Cannabis Retailers.

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