Investors buy High Times, Cannabis Cup in $42M deal

A group of investors led by a Los Angeles investment firm have purchased a controlling stake in the oldest cannabis-centric magazine in the United States, High Times – along with its signature event, the Cannabis Cup – in a transaction valued at about $42 million. The new owners have rebranded the company as High Times Holding Company (HTHC), according to a news release. Adam Levin, founder of the L.A. investment firm Orvea Capital, will …

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Medical Cannabis Milestone: House Votes to Stop Federal Raids on Legal Medical Marijuana States

Members of the House has voted to stop federal law enforcers from interfering with medical marijuana operations in states that have made them legal. The 219-189 expresses a significant change in Congress on the issue of marijuana.

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Colorado Law Sets up Marijuana Banks; Feds Must Approve

Plan to establish the world’s first state-level banking system for the marijuana industry DENVER — Colorado Gov. John Hickenlooper signed a bill designed to create the world’s first state-level banking system for legal cannabis companies, which lack access to basic banking services creating dangerous and difficult risks. 

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