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SNDL closes purchase of Superette cannabis stores, brand IP

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Canadian marijuana company SNDL closed its purchase of five Superette cannabis stores in Ontario as part of a deal arranged through Superette’s proceedings under the country’s insolvency law.

SNDL did not disclose the value of its acquisition of the stores in Ottawa and Toronto.

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Calgary, Alberta-based SNDL had put in a stalking-horse bid on Superette’s assets in late August 2022 as part of proceedings under Canada’s Companies’ Creditors Arrangement Act (CCAA).

In addition to the five stores, SNDL gained “intellectual property rights related to the Superette brand,” according to SNDL’s Tuesday news release.

“The Superette retail locations are complementary to SNDL’s current cannabis retail and margin strategy and provide a differentiated retail experience to enhance the company’s market coverage and consumer reach,” the release noted.

The Superette locations are among 26 marijuana stores that will be transferred to Nova Cannabis as part of a deal

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Banking, veterans and research top priorities for Congress, new Cannabis Caucus chair says

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If U.S. Rep. Dina Titus has her way, the 119th Congress will finally pass cannabis banking reform as well as bills easing military veterans’ access to medical marijuana and researchers’ abilities to study the drug.

If all that sounds familiar – or like a crass joke, in the weeks before Groundhog Day – it should.

Those popular and long-sought-after wins are also what the Nevada Democrat and newly minted co-chair of the Congressional Cannabis Caucus’ immediate predecessors chased after, Titus acknowledged during an interview with MJBizDaily.

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Titus, whose new caucus co-chair is fellow Democratic Rep. Ilhan Omar of Minnesota, spoke with MJBizDaily only days after the newly seated Congress voted to certify the November presidential election that will allow Donald Trump return to

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New York City marijuana social equity operators sue over proximity exemptions

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Four New York City marijuana retailers with social equity licenses are suing state regulators, claiming that recently issued exceptions to a law imposing a 1,000-foot barrier between stores is “undermining” their businesses.

It’s the latest legal challenge against the state Office of Cannabis Management (OCM), which is overseeing a $1 billion industry that’s still recovering from a botched start marred by long bureaucratic delays, a rampaging illicit market and multiple lawsuits.

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The latest lawsuit, filed Thursday in state court in Manhattan, accuses the OCM and the New York Cannabis Control Board (CCB) of “secretly” offering new license applicants exceptions to the state law requiring stores to be 1,000 feet from one another in cities with a population of 20,000 or more.

The four

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Cannabis industry relief efforts underway as wildfires rage across Los Angeles area

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Los Angeles-area cannabis operators are prioritizing the safety and security of their employees and relief efforts amid historic wildfires raging across the region that have killed at least ten people, displaced countless others and decimated thousands of homes and businesses.

While it’s far too early to assess potential damages in one of the world’s largest regulated marijuana markets, a handful of retailers in Malibu and around Altadena are in or near evacuation areas, according to maps published by the California Department of Forestry and Fire Protection and cross-referenced with store locations.

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A Rise outlet in Pasadena operated by Green Thumb Industries is among the closures, according to an automated message at the business.

The Chicago-based multistate operator did not immediately respond to an

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