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The Scuttlebutt Featuring Articles About Russian Billionaire Secretly Poured Money Into Cannabis, New York Regulatory Comment Period To End In February and More

Posted by Armada Admin | Dec 28, 2022 | 0 Comments

In the days of the Armada, a fleet of warships, the scuttlebutt was the rumor or gossip that would spread throughout the ship. Today, Armada Law Corp presents The Scuttlebutt, a daily summery of news articles that people within the cannabis, hemp and plant medicine industries are chatting about along with links to the full articles.

In today's news: 

#cannabisindustry - "Instead, the interviews revealed that municipal leaders face hazards on both sides: Approve too few retailers and the vast illicit market will happily make up any shortfall in legal supply with cheaper, more convenient offerings. Green light too many and the businesses will cannibalize each other, eventually leading to public and industry pressure for dramatic course corrections such as licensing moratoriums that freeze out new operators."


#cannabisindustry - New York - "As they stand, the regulations published by the OCM will allow New York to continue to expand its Adult-use Cannabis program. Under New York's Administrative Procedure Act, these regulations are open for a 60-day public comment period set to expire on February 13, 2023 at 11:59pm. At the close of the comment period, the OCM is required to review public comments and, if significant changes are made, republish the regulations."

Heads up Berkeley operators....

#californiacannabis - Berkeley - "Under the ordinance covered employee is defined as a person in a calendar week who performs at least two hours of work within the geographic boundaries of the city for a covered employer and is entitled to payment of minimum wage from any employer under the state requirements and is not exempt from payment of an overtime rate of compensation."

#cannabisindustry - "Contrary to Jordan's claims that “Curaleaf is an American success story” funded by him, the leaked documents reveal that Abramovich was silently investing in Jordan and companies under his control through a British Virgin Islands LLC, Cetus Investments.

“Tens of millions of dollars in loans were issued to Jordan and his companies, something that appears to have never been disclosed by Jordan or Curaleaf. Some of the loans included stipulations that the money was only to be spent on purchasing shares in Curaleaf, previously known as PalliaTech Inc,” writes Forensic News."

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