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The Federal Reserve's recent decision to lower interest rates by 50 basis points has reverberated through financial markets, prompting a careful analysis of its implications across all industries.

Investors in the battered marijuana industry have been buoyed by this action, but the benefits to cannabis operators from this monetary policy shift are more nuanced than initial reactions might suggest.

In the long term, the rate cut has potential to benefit cannabis operators by:

• Positively influencing investor sentiment.
• Providing favorable refinancing terms and creating potential for M&A activity.
• Lowering the interest due on unpaid federal taxes.

A rate cut is unequivocally positive news, but measuring the impact requires understanding the industry's debt structure and composition as well as its sources of capital. Read story >

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More Headlines

• Trulieve suit alleges deceptive advertising in adult-use marijuana opposition. Read story >
• Green Thumb cannabis workers in New Jersey seek right to exit union. Read story >
• Arkansas high court breathes life into medical marijuana ballot initiative. Read story >

Big-picture view of global cannabis markets

E U R O P E

14 licenses for cannabis social clubs granted in 4 German federal states

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The number of applications and licenses granted for cannabis cultivation social clubs in Germany continued to grow throughout September, but growth has slowed month-over-month.

According to the latest data, 14 licenses have now been granted in four of Germany's federal states, as more territories and awarding bodies solidify their application and licensing process.

The total number of confirmed cannabis social club applications has growth by 34%, from 226 in August to 303 through the last full week of September.

That number is down from the 237% increase seen between July and August, where the number of applications grew from 67 to 226.
Read story >

T E S T I N G

Major MJ markets still lacking controls for suspicious lab results

Photo by Matthew Staver for MJBizDaily/Emerald

The California Department of Cannabis Control revoked a commercial testing laboratory's permit a month ago after tests at state-run labs discovered a harmful pesticide in marijuana the private lab had cleared for sale.

Many industry operators and a national association of state regulators consider oversight at so-called "reference laboratories" to be a best practice that should be standard in all state-regulated marijuana markets.

Absent reference laboratories, some states contract private, third-party labs to verify licensed cannabis labs' compliance with safety standards as well as the reliability of THC-potency results.

But more than half of the country's biggest marijuana markets do not have a reference lab, according to analysis by MJBizDaily, a glaring gap that critics say raises major questions about product labeling and safety. Read story >

P O L I C Y

'Legalize it,' Democratic presidential candidate Harris says of marijuana

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If there was any uncertainty about where she stands on U.S. marijuana prohibition, Vice President Kamala Harris cleared the air by declaring that MJ should be federally legalized.

It was Harris' first public stance on the issue since she became the Democratic Party's choice to run for the presidency against Republican nominee Donald Trump.

Her declaration comes after her running mate, Minnesota Governor Tim Walz, recently declined to endorse legalization on a nationwide basis, saying instead that the issue should be left up to the states. Read story >

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More Headlines

• Congressman introduces bill that would increase THC percentage in hemp. Read story >
• California governor approves consumption cafes, vetoes cannabis events bill. Read story >
• MJBizDaily launches survey about diversity in US cannabis industry. Read story >

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A G E N D A

MJBizCon Conference Agenda Now LIVE!

It's time to celebrate the launch of the most comprehensive MJBizCon to date — we're talking 200+ speakers and four full days of sessions.

This year we're doubling down on our International Regulatory Roundups conference Track. Below are a few session highlights. (Check back each week for more.)

INTERNATIONAL REGULATORY ROUNDUP

Crafting an Authentic Brand in the Cannabis Industry

Friday, Dec. 6 • 10:50-11:30 a.m.

Deepak Anand

Principal, ASDA Consultancy Services

Deepak Anand is a recognized thought leader who has experience with senior government officials, policy makers, investors, tobacco and CPG businesses as well as global cannabis producers. Anand was executive director for the Canadian National Medical Marijuana Association, and founder and CEO of Materia Ventures, an international cannabis processing, manufacturing and distribution business. He served on the boards of various pharmaceutical associations across the globe.

Mariana Larrea Arias

Life Sciences and Cannabis Attorney, MLAW Boutique

Mariana Larrea is a distinguished Mexican attorney with a specialization in life sciences, cannabis, pharmaceutical, corporate contracts, and consumer protection. With a decade of professional experience, she honed her skills at some of Mexico City's most influential law firms. Mariana earned her law degree from the National Autonomous University of Mexico (UNAM), solidifying her expertise in efficiently delivering results to her clients across various legal domains.

Raj Grover

Founder, President & CEO, High Tide, Inc.

Raj has established himself as one of Canada's foremost business strategists and dealmakers. He is the founder of High Tide and its subsidiary companies Valiant Distribution and Canna Cabana and is the co-founder of High Tide's subsidiary, Famous Brandz. Through organic growth and strategic acquisitions, High Tide has grown from one small shop of two employees in 2009 into Canada's largest cannabis retailer with over 180 locations and 1,600 amazing team members, with business interests spanning North America and Europe.

R E S O U R C E S

• MJBizMagazine Sept/Oct issue: High Stakes Election
• Fuel Your Fire at MJBizCon, Dec. 3-6 – Register now
• Gain new leads + land big deals at MJBizCon – Book a booth
• Make informed decisions with MJBiz Factbook – Get data
• MJBiz Free Cannabis 101 Course – Sign up and start learning
• MJBizDaily Reports and Buyers Guides – Download
• MJBiz Media Kit – Advertise with us

MJBizDaily is the leading resource for the cannabis industry, cited by The Wall Street Journal, Forbes and Harvard Business Review. MJBiz also produces the No. 1 cannabis business conference, MJBizCon.

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