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PotPunks. The information contained in this article in no way represents investment advice or opinion on the part of Benzinga or its writers and is intended for informational purposes only. Recently NFTs (non-fungible tokens) are making headlines for the numerous transactions registered. An NFT is a unique token on the blockchain that is used to establish ownership of digital collectibles and digital art. Christie’s Auction House led to a sale of an NFT for almost $69 million thanks to Twitter’s CEO and co-founder, Jack Dorsey, who sold an NFT of his autographed tweet. This new digital rush is not likely to go away anytime soon. ....
Los Angeles, CA, April 20, 2021 PotPunks, a new non-fungible token (NFT) digital collectible project today announced their phase one launch of 69 digital characters inspired by the diverse world of cannabis lovers and advocates. In addition to celebrating the world of weed, PotPunks goes one step further by partnering with Project Mission Green, a charity founded by reform advocate Weldon Angelos. Angelos and Project Mission Green have deep connections in the world of entertainment and politics and have been responsible for some of the most high-profile drug reform bills and pardons of the last decade. PotPunks and Cryptocurrency “PotPunks is not only a great way to celebrate the cannabis community, it underlines our commitment to long-term advocacy and continuing to innovate how we communicate the importance of this mission,” said Angelos. “I have worked with the Obama, Trump, and Biden administrations as well as entertainers like Snoop Dogg, Ty Dolla $ign, and Al ....
Special purpose acquisition company Glass House Group for $567 million. The deal implies a $1.024-billion equity valuation and an approximate enterprise valuation of $691 million. Curaleaf Holdings, Inc. (CSE:CURA) (OTCQX:CURLF) purchased European operator EMMAC Life Sciences. The U.S.-based company agreed to pay $50 million in cash and 17.5 million in stock worth roughly $260 million. In addition, Curaleaf teamed up with an institutional investor to secure $130 million in financing for further expansion of Curaleaf International. Meanwhile, Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) announced it will buy The Supreme Cannabis Company, Inc. (TSX:FIRE) (OTCQX:SPRWF) for about CA$435 million ($345.7 million). ....
Article content Angelos reportedly had earlier connected with the Koch network to feel out its support for legalizing cannabis at the federal level in the U.S. Compared to previous Majority Leader Mitch McConnell, current Majority Leader Chuck Schumer looks to a far better bet to get a weed legalization bill to a vote, he suggested to Politico. Sixty yes votes are needed for any such bill to pass. Schumer has been very vocal about his support to oust current rules, tweeting last week that he “will keep working in the Senate to end the federal prohibition on marijuana and undo the damage of the War on Drugs.” ....
Investing Daily Printable PDF It sounds like the set up to a bad joke: billionaire Charles Koch, rapper Snoop Dogg, and legal reformer Weldon Angelos. But it’s no joke. Those three disparate personalities recently joined forces to push for marijuana legalization, yet another sign that weed is part of mainstream society. Many indicators reveal when a fledgling, disruptive industry has finally achieved big league status. When it comes to marijuana, I point to the announcement on Tuesday that Koch, Dogg and Angelos have formed the Cannabis Freedom Alliance. The idea was born during a Zoom conversation between the three men, neither of whom is a stranger to publicity. ....