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Rubrik’s strong IPO pricing and warm reception by the public markets after its listing add more weight to the perspective that the public markets are not as closed to tech startups as some thought. If Rubrik’s result isn’t enough to break the logjam, well, maybe there’s something else going on. But there was a lot more that […] © 2024 TechCrunch. All rights reserved. For personal use only.
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DEA's big marijuana shift could be a lifeline for California's troubled pot industry
If the U.S. Drug Enforcement Administration reclassified marijuana as a less dangerous drug, it wouldn't eliminate the conflicts between the feds and states such as California that have legalized many uses of the substance. But it would bring one significant shift that could give California's licensed pot companies a badly needed boost: a lighter tax burden. The Associated Press reported Tuesday that the Drug Enforcement Administration will propose moving marijuana from the list of Schedule I...