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Cannabis General / Re: Cannabis Company MedMen Goes Bankrupt With $411 Million In Liabilities

« Last post by jones on May 04, 2024, 01:53:09 AM »

They're lucky to be in Canada, marijuana companies in the US aren't allowed to file for bankruptcy

Cannabis Companies Can't File for Bankruptcy - So Now What?

https://www.lowndes-law.com/newsroom/insights/cannabis-companies-cant-file-for-bankruptcy-so-now-what

Cannabis General / Re: How Minnesota authorities are handling high drivers in age of legal marijuana

« Last post by orthene on May 01, 2024, 05:00:32 PM »

I'd clean out their fridge; there would be nothing left.

Cannabis General / Re: How Minnesota authorities are handling high drivers in age of legal marijuana

« Last post by jones on May 01, 2024, 04:33:51 PM »

One county in Maryland has actually come up with a unique training method for law enforcement. They actually invite people to get high in front of officers, even providing snacks, so officers can see how people react when they are under the influence.

Sounds like Treason!

Cannabis General / How Minnesota authorities are handling high drivers in age of legal marijuana

« Last post by orthene on April 29, 2024, 02:54:23 PM »

https://www.cbsnews.com/minnesota/news/minnesota-legal-marijuana-driving-while-high/

MINNEAPOLIS — Last August, recreational marijuana became legal to use in Minnesota.

It's not legal to drive while high.

In Talking Points, Esme Murphy takes a look at how law enforcement is handling driving while high on cannabis.

Before marijuana was legalized in Minnesota, the state patrol and other law enforcement agencies repeatedly voiced their concern over how to determine if someone pulled over was high on cannabis.

Right now, there's not a state approved-roadside test that can determine if a driver is high on weed.

In January, Minnesota law enforcement agencies, including the state patrol, began a pilot program to try out a saliva test to detect cannabis and other illegal drugs.

The saliva tests are voluntary and so far more than 140 people have agreed to take them.

The Minnesota Sate Patrol has a new colonel in charge: Christina Bogojevic. The colonel was a guest on WCCO Sunday Morning at 10:30 a.m.

"For us, it hasn't changed, because we have always looked for impairment and that is impairment from alcohol or from drugs or poly-use. And so for us, our troopers are still out there arresting DWIs," Bogojevic said.

The colonel also told us a saliva test, if proved reliable, would be a big help to troopers.

"Yes the saliva testing would be a quicker response over the blood tests," she said.

The Department of Public Safety is expected to file a report on the saliva tests in August.

The state patrol says it does not track cannabis-related impairment offenses, but reports that drug-related impaired driving is on the rise in Minnesota. The penalties for a marijuana DUI in the state are the same as the penalties for an alcohol DUI.

One county in Maryland has actually come up with a unique training method for law enforcement. They actually invite people to get high in front of officers, even providing snacks, so officers can see how people react when they are under the influence.

Cannabis General / Cannabis Company MedMen Goes Bankrupt With $411 Million In Liabilities

« Last post by orthene on April 29, 2024, 02:52:11 PM »

https://www.forbes.com/sites/dariosabaghi/2024/04/29/cannabis-company-medmen-goes-bankrupt-with-411-million-in-liabilities/?sh=4100bf632ec6

Multistate cannabis company MedMen leaves the industry by filing bankruptcy proceedings in Canada with about $411 million in liabilities.

MedMen announced on April 26 that it filed for bankruptcy under Canada’s Bankruptcy and Insolvency Act on April 24. The business advisory firm B. Riley Farber Inc. was appointed as the company’s bankruptcy trustee.

The company also announced that its American subsidiary based in California entered receivership in the Los Angeles Superior Court on April 23 for the organized dissolution and liquidation of its assets.

As a result of these receivership proceedings, MedMen’s subsidiaries will have their operations and assets dissolved or sold off in compliance with U.S. laws.

While MedMen’s Chief Financial Officer, Amit Pandey, resigned effective on February 13, each of the company’s directors resigned immediately before the commencement of the bankruptcy proceedings.

The decision to cease operations and file for bankruptcy and receivership came after assessing MedMen’s and its subsidiaries’ financial condition, failure to meet financial obligations, and expected actions of secured creditors.

“The difficult decision to shut down operations and commence the Bankruptcy Proceedings and Receivership Proceedings was made after careful consideration of the current financial condition of the Company and its subsidiaries, their inability to pay their liabilities as they become due and the anticipated enforcement actions of secured creditors. After careful consideration of these factors and in the absence of other available alternatives, the board of directors of the Company determined that it was in the best interests of the Company to proceed with the commencement of the Bankruptcy Proceedings and Receivership Proceedings,” the company’s press release reads.

MedMen operates in multiple states with retail stores and cultivation facilities. It traded on the Canadian Securities Exchange (MMEN) and over the counter in the U.S. (MMNFF).

Founded in 2010 by Adam Bierman and Andrew Modlin, it expanded rapidly, opening stores in several U.S. states.

Cannabis General / Blumenauer Wants His Party to Embrace Pot Legalization

« Last post by BurnMan on April 28, 2024, 07:01:38 PM »

https://archive.is/d2fPa#selection-6963.22-6963.76

Cannabis General / Re: Kamala Harris Says ‘We Need To Legalize Marijuana’ For First Time

« Last post by jones on April 23, 2024, 09:17:45 PM »

C'mon man, everyone knows the election for President is between a shit sandwich and a giant douche

Only a dummy would run for President, or someone desperate to stay outta jail...
Or maybe both!

Biden is giving hundreds of billions to people too dumb to pay for their own college--That's obviously for buying their votes. Why should my tax dollars be paying for that? I never graduated college, why the f**k should my taxes be paying for someone who did?

Cannabis General / Re: Kamala Harris Says ‘We Need To Legalize Marijuana’ For First Time

« Last post by JustSayin on April 23, 2024, 05:51:27 PM »

When is the last time a Vice President had more than a slight impact on US politics?

Mike Pence would have if they had either needed to cut him down from a noose or he delivered the false electoral votes... scary how close either of those scenarios came to fruition.

Our current electorate politicians exist only to gain power, money or fame. I wish the unicorn politicians that exist in the lower levels of government and actually give a damn could make it to Washington.

This is our House of representatives

Cannabis General / Re: Kamala Harris Says ‘We Need To Legalize Marijuana’ For First Time

« Last post by BurnMan on April 23, 2024, 01:35:44 PM »

Gaslighting is the term.

Cannabis General / Re: Kamala Harris Says ‘We Need To Legalize Marijuana’ For First Time

« Last post by 3V1L9371U5 on April 23, 2024, 01:33:21 PM »

Don't believe the hype. I still remember her standing on stage in 2020 squeaking "...b-b-but we'll legalize marijuana!" as people were already headed for the door. Since that time, this party has been in a state of power that is nearly unchecked and historical in scope...but somehow they just haven't got around to it yet.

Amazing how it's come up as a topic of conversation again, isn't it? *Stares accusingly at election calendar*

Kind of like how whenever Dems or Reps (one side really is as bad as the other, here) gain control of all 3 branches, yet fail to enact their supposed agenda. Why? Because that was never the damn plan in the first place.

...and I suppose that we should be happy for that, otherwise we'd all be living in an alternate left/right wing hellscape that's even worse than what we've got.

A lilttle bit of goddamn integrity in politics would be a refreshing change, though.

Too bad we'll never find out what that's like...

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