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Columbia Care Announces Closing of US$74.5 Million Private Placement Offering of 6.00% Secured Convertible Notes Due 2025

Cannabis Law Report

(NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”) is pleased to announce that it has closed its previously announced private placement (the “Offering”) issuing US$74,500,000 aggregate principal amount of 6.00% secured convertible notes due 2025 (the “Notes”).

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Senate Bill 1723 moves to Subcommittee on Cannabis

Illinois News Joint

3) During calendar year 2025, 70,000 grams per month. (4) The total monthly portion of THC oil extract set aside by all cultivation centers and Early Approval Adult Use Cultivation Center License holders shall be as follows: (1) During calendar year 2023, 50,000 grams per month. (2) 2) During calendar year 2024, 60,000 grams per month. (3)

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Illinois Hemp regulation battle continues

Illinois News Joint

HB5306 was referred back to the Rules Committee April 5, and SB3790 has been stuck in Assignments since Feb. The bill would create the Intoxicating Hemp-Derived THC Consumer Products Safety Committee, which would include 19 committee members, who would issue a consumer-safety standards report on or before Jan.

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Polynesian MP tables a bill to authorize experimentation with therapeutic cannabis

Cannabis Law Report

The opening to medical cannabis was in fact in the Cap 2025 recovery plan of the local government and the President of French Polynesia announced at the beginning of April of his intention to “open up the possibility of the cultivation of cannabis for therapeutic use ”in its territory.

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NY: Cresco wants $38M in tax breaks for new Wawarsing facility

Cannabis Law Report

The term is a reference for the time of day that four California high school students would meet in their search to find an abandoned marijuana field using a “treasure” map. Cresco officials expect that earnings will be $76 million in 2024, $116 million in 2025, and $156 million in 2026. “They are coming to the IDA on 4/20,” she said.

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MediPharm Labs Enters United States Pharmaceutical Market with Submission of FDA DMF

Cannabis Law Report

The cannabis-based drug opportunity is predicted to be over USD$25 billion by 2025, and there are over 20 strong novel cannabinoid-based drugs currently in the late-stage research process. Once the DMF filing is accepted by the FDA, pharmaceutical companies can reference the DMF when making a regulatory submission.

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The Cannabis Industry Is Riddled With Challenges That Leave Many Operators Unprofitable

Veriheal

The notion refers to the idea that while legalization has created business opportunities, it has created so many regulation-based barriers that businesses are struggling to succeed. The illicit and legal markets generate a combined $100 billion in national sales, with the legal industry being forecast to generate $45 billion by 2025.