MedMen Files for Bankruptcy, Citing Financial Troubles

MedMen Enterprises, a once-prominent cannabis company, has filed for bankruptcy after facing mounting financial challenges. The company, which was once valued at over $3 billion, has struggled with legal battles, failed acquisitions, and intense competition. MedMen’s financial woes forced it to close retail stores, lay off employees, and face lawsuits. The company’s former chief financial officer, Amit Pandey, said that MedMen’s inability to pay its debts led to the decision to file for bankruptcy.

New York’s Cannabis Fund Under Scrutiny, Raising Concerns About Social Equity and Corruption

A $200 million public-private fund in New York, intended to support cannabis dispensaries run by those impacted by the war on drugs, is facing scrutiny after an investigation revealed a lopsided deal favoring the private equity firm Chicago Atlantic. The investigation raises concerns about the state’s social equity goals, with critics deeming the deal detrimental to the state and prospective dispensary owners.

Manitoba Lifts Homegrown Cannabis Ban, Joining Rest of Canada

The Manitoba government announced its intention to lift the ban on homegrown recreational cannabis, a move that would make Quebec the only province in Canada with such a restriction. The decision aligns Manitoba with the federal limit of four homegrown plants per household, set after the legalization of recreational cannabis in 2018. The former Progressive Conservative government in Manitoba had imposed an outright ban alongside Quebec, citing concerns about cannabis falling into the hands of children or entering the black market. However, these concerns did not materialize when medical marijuana was legalized earlier. The New Democrats, led by Premier Wab Kinew, promised during last year’s provincial election to lift the ban, a commitment welcomed by activist Jesse Lavoie. A bill to enact the change is expected to be introduced in the legislature soon, although its passage into law remains uncertain. The NDP government faces time constraints due to the upcoming summer break and the end of session, where unpassed bills are automatically killed. The Tories, now in Opposition, have indicated potential delays, while Kinew expressed confidence in the NDP’s ability to pass the bill through legislative steps.

Manitoba to Lift Ban on Homegrown Recreational Cannabis

The Manitoba government plans to end its ban on homegrown recreational cannabis, aligning with the majority of provinces and the federal limit of four plants per household. The news is welcomed by activist Jesse Lavoie, who previously challenged the ban in court. A bill to enact the change is expected soon, but its timeline for passage is uncertain.

Cannabis Concentrates: The Rise of Potent Forms and Their Implications for Adolescents

As cannabis becomes more widely legal for adult use, there has been a surge in the popularity of concentrated forms of the drug, such as waxes and dabs. These products are more potent than traditional cannabis and can be easier for young people to hide their use. This is concerning because cannabis use by adolescents can have serious consequences for their developing brains and mental health.

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