Denver marijuana tech firm Baker gets scooped up in four-way merger, with IPO planned

Baker Technologies Inc., a Denver-based developer of software for cannabis businesses, has drafted a seemingly simple recipe for success: strength in numbers. The startup that started out with desires of being a consolidator — acquiring and integrating other cannabis-centric technology firms — will itself be folded into a larger firm.…

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Federally legal hemp, a fruitful endeavor in Colorado, gets jolt from Republican Mitch McConnell

Colorado’s burgeoning hemp industry got a jolt Monday when Republican Mitch McConnell, the Senate’s Majority Leader, gave his full-throated support of shoring up federal laws around hemp. McConnell announced plans to introduce The Hemp Farming Act of 2018, which would remove hemp from regulation as a controlled substance and treat it…

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Ex-Miss Kentucky gets probation for smuggling marijuana into prison

LIMA, Ohio — A former Miss Kentucky who tried to smuggle a small amount of marijuana into an Ohio prison for her boyfriend won’t have to spend time behind bars. The Lima News reports 28-year-old Kia Hampton, of Louisville, Kentucky, received probation Wednesday during a hearing in Allen County in…

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Denver cannabiz-focused credit union gets OK from Federal Reserve — with conditions

Published: Feb 6, 2018, 3:35 pm • Updated: Feb 6, 2018, 5:50 pm By Alicia Wallace, The Cannabist Staff A Denver credit union aiming to serve the marijuana industry has received a Federal Reserve Bank’s blessing — albeit a conditional one — for the right to a master account. The…

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Federal marijuana bills boosted by new supporters as Congress gets back to work

Published: Jan 9, 2018, 9:49 am • Updated: Jan 9, 2018, 11:06 am By Alicia Wallace, The Cannabist Staff Lawmakers lined up behind several cannabis-related House bills in the wake of U.S. Attorney General Jeff Sessions’ policy shift last week rescinding the Obama-era Cole Memo that had protected states with…

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