Charges stemming from the Racketeer Influenced and Corrupt Organizations (RICO) Act have long been a looming threat in the cannabis industry. Coming from civil, state and federal levels, the charges have been used as a method to stymie cannabis operations, whether just or not.
President Joe Biden recently signed the $280 billion dollar CHIPS and Science Act, setting aside roughly $52 billion dollars to bolster the U.S. computer chip sector.
After supply chain shortages and record demand for semiconductors, the CHIPS act will boost the domestic semiconductor manufacturing industry to better compete with China.
The U.S House on Friday passed the Biden administration’s Inflation Reduction Act of 2022, with the bill now going to President Joe Biden’s desk to be signed into law.
Cease and desist (C&D) orders are relatively common in business. The nascent cannabis market is no exception.
As the weed space steps into the legal mainstream market, its operators contend with various C&D orders from companies and regulators.