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NATIONAL NEWS
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INDUSTRY UPDATES Mike Tyson launches cannabis line Heavyweight pro inroduces his heavy-hitters Boxing legend Mike Tyson has partnered with Common Citizen to bring his can- nabis line to Michigan. Already available in California, Nevada and Colorado, Ty- son 2.0 cannabis products will soon be available at adult-use dispensaries in De- troit, Flint, Battle Creek and Hazel Park starting this rst quarter of 2022.
Industry braces for hemp-THC laws Hemp-derived goods create layer of complexity Following a wave of quasi-legal delta-8 THC products ooding markets nationwide, producers are bracing for a crackdown in the forthcoming 2023 Farm Bill. Products containing delta-9 THC in amounts large enough to create psychoactive e ects but still technically under .3% by weight will likely also face scrutiny from lawmakers.
Canna-crypto coins gain popularity Move over Bitcoin, here comes Weedcoin Cannabis-centric, blockchain-backed cryp- to currencies appear to be gaining some degree of popularity. Several of the highly volatile digital currencies have increased modestly in value over the past year amid wild uctuations, speculated to be tied to a lack of meaningful progress in federal legal- ization e ort.
Safe Harbor to trade on Nasdaq Pioneer merges in deal worth $185 Billion Cannabis nancial services provider Safe Harbor looks to become a publicly traded company following a merger with Northern Lights Acquisition valued at $185 million. e merger comes a er the SAFE Banking Act passed in the U.S. House of Representatives as part of the larger America COMPETES Bill.
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