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Emily Paxhia resigns from board of marijuana MSO Ascend Wellness

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Emily Paxhia, a co-founder and managing partner of cannabis hedge fund Poseidon Asset Management, resigned from the board of directors at marijuana multistate operator Ascend Wellness Holdings.

Paxhia was the sole woman on the New York-based company’s board of directors.

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Paxhia did not immediately respond to MJBizDaily‘s request for comment about her resignation.

Rebecca Koar, Ascend’s senior vice president of investor relations, declined to share the reason for Paxhia’s departure but told MJBizDaily via email that the company was thankful for Paxhia’s support and expertise.

Emily Paxhia

“I will note that Emily indicated in her resignation letter that her decision to resign was not the result of a disagreement with Ascend’s operations, policies or practices,” Koar wrote.

“Although we are not (currently diverse), we are committed to an independent and diverse board as part of our succession planning and that process remains underway.”

Paxhia’s departure comes

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Biden makes history by signing landmark marijuana research bill into law

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(This story was updated at 4:27 p.m. ET with comment from the Congressional Cannabis Caucus.)

President Joe Biden made history on Friday when he became the first American president to sign marijuana-specific reform legislation into law.

Biden affixed his signature to the bipartisan Medical Marijuana and Cannabidiol Research Expansion Act, the White House announced.

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The landmark legislation, which is intended to make it easier for scientific researchers to study the plant, also calls on the federal government to look into the potential therapeutic benefits of marijuana and could thus help steer the ongoing rescheduling review Biden launched in October.

Co-sponsors of the bill include Sens. Chuck Grassley, R-Iowa, and Dianne Feinstein, D-California, as well as key members of the House who support marijuana reform, including U.S. Rep. Earl Blumenauer, D-Oregon, Nancy Mace, R-South Carolina, and Dave Joyce, R-Ohio.

The first marijuana reform bill to be passed by

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Tilt brings New York tribe’s marijuana brand to Massachusetts

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Tilt Holdings is launching Little Beach Harvest, a marijuana brand developed in partnership with New York’s Shinnecock Indian Nation, in its home state of Massachusetts.

According to a news release, members of the Long Island-based Shinnecock Nation assisted Tilt’s cultivation team with strain selection and product development.

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The brand is part of a joint venture between Tilt and the Shinnecock Nation to create a vertically integrated cannabis company on tribal land.

Their agreement also includes:

A 5,000-square-foot Little Beach Harvest store that’s scheduled to open in early 2023. A 60,0000-square-foot cultivation and manufacturing facility. A wellness lounge.

The Little Beach Harvest brand draws “on the Shinnecock Nation’s centuries-long knowledge of plant medicines and natural healing modalities,” according to the release.

The brand’s initial product line will feature cannabis flower, with more to come in 2023.

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“Introducing the Little

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Maine taps Brookings’ Hudak to serve as cannabis chief

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Maine has hired the Brookings Institution’s John Hudak to serve as director of the state’s Office of Cannabis Policy.

Hudak is leaving Brookings after 10 years to replace Erik Gunderson, who resigned in October.

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Hudak starts work on Dec. 30.

Big Personal News! After over 10 years @BrookingsInst, I’ve been appointed Director of Maine’s Office of Cannabis Policy (@MaineOCP)–the state’s adult use and medical cannabis regulatory authority. Honored to serve and to lead an incredibly talented team starting Dec. 30!

— John Hudak (@JohnJHudak) December 1, 2022

Maine has made several changes to its marijuana rules this year, including:

Those changes come as Maine’s adult-use marijuana program continues to expand.

Yet, the state has unsuccessfully attempted to revamp its medical marijuana program for the past two years.

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The latest effort was scuttled after caregivers pushed back against what they

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