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The key details every cannabis investor needs to know about New York marijuana legalization

(Ryan Lange/Unsplash) (Business Insider) — New York just legalized marijuana for adults over the age of 21. The state Senate and Assembly passed the bill late on Tuesday, and Gov. Andrew Cuomo signed the bill into law on Wednesday morning. New York is now the latest state to legalize cannabis, following in the footsteps of its neighbor New Jersey. It’s the third time state legislators have tried to legalize marijuana, though hang-ups over taxation, impaired driving, and social-equity provisions prevented earlier iterations from passing. Medical cannabis is already legal in New York. Though New Yorkers aged 21 and over are now legally allowed to possess and smoke cannabis, adult-use cannabis sales won’t begin anytime soon.

(MMNFF) - Cantor Downgrades MedMen After Steep Rally

(MMNFF) - Cantor Downgrades MedMen After Steep Rally
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Upcoming Mergers in the Cannabis Industry to Watch

Upcoming Mergers in the Cannabis Industry to Watch © (Getty Images) Glass jar full of Cannabis Sativa for sale at a market stall. The amount of capital raised during the past two months is a strong signal that the cannabis sector is prepping for more acquisitions in 2021 as more states have legalized the adult use of marijuana. We ve already seen a number of deals conducted in late 2020, says Timothy Seymour, founder of Seymour Asset Management in New York and portfolio manager of the Amplify Seymour Cannabis ETF (ticker: CNBS), whose top three holdings are GW Pharmaceuticals (GWPH) at 10.7%, Aphria (APHA) at 8.6% and Canopy Growth Corp. (CGC) at 8.6%.

New York cannabis deals: Ascend takes stake in MedMen

New York cannabis deals: Ascend takes stake in MedMen
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Innovative Industrial Properties (IIPR) Q4 2020 Earnings Call Transcript

Innovative Industrial Properties (IIPR) Q4 2020 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble. Innovative Industrial Properties (NYSE: IIPR) Q4 2020 Earnings Call Wolfe, please go ahead. Vice President, Secretary, and General Counsel Thank you for joining the call. Presenting today are Alan Gold, executive chairman; Paul Smithers, president and chief executive officer; Catherine Hastings, chief financial officer; and Ben Regin, vice president of investments. Before we begin, I d like to remind everyone that statements made during today s conference call may be deemed forward-looking statements within the meaning of the safe harbor of the Private Securities Litigation Reform Act of 1995, and actual results may differ materially due to a variety of risks, uncertainties and other factors. For a detailed discussion of some of the ongoing risks and uncertainties of the company s business, I refer

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