Crain's New York Business
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Legal lawsuit coverage over the New York cannabis market.
Debra Borchardt
New York
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View as a gridPrivate cannabis club files for bankruptcy claiming $3.4M in debt
Crain's New York Business
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The Empire Club, known for its bold fight to keep open an unlicensed cannabis operation in New York City, has filed for bankruptcy. The Elfand Organization, also known as Empire Cannabis Clubs, filed Chapter 11 in the Southern District of New York on Dec. 2.
Empire listed six addresses for the company and claimed its assets were in the $1 million to $10 million range. The debts totaled over $3.4 million.
Marijuana Industry Projected To Create More Jobs Than Manufacturing By 2020
Forbes
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Jobs. That is what the marijuana industry hopes will keep the Trump administration from cracking down on cannabis companies. A new report from New Frontier Data projects that by 2020 the legal cannabis market will create more than a quarter of a million jobs.
The Cannabis Market That Could Grow 700% By 2020
Forbes
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18,682 Views Cannabidiol (CBD) is the part of the cannabis plant that doesn't get you "high" like the THC side of the plant. It is typically used for health reasons instead of for recreational purposes. The CBD products are either derived from industrial hemp plants or marijuana plants.
Wall Street's Love Affair With Instant Fashion
Women's Wear Daily
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Analysts believe the instant fashion trend brings positive pressure to the fashion world.
How California's Marijuana Legalization Vote Could Impact The Entire Country
Forbes
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Because of the huge scale of California's economy, legalization could be the tipping point that gets major financial institutions to provide services to the marijuana industry, and could put pressure on the federal government to reclassify or deschedule the drug.
Sneakers at Work Are Running Up Sales for Nike, Foot Locker
The Street
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NEW YORK ( TheStreet) -- Foot Locker ( FL) is cheering as office workers are buying fewer dress shoes and going for comfort. Men and women are dressing down their footwear at the office and companies that can deliver the goods will win.
Debra Borchardt Reel
vimeo.com
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This is "Debra Borchardt Reel" by Debra Borchardt on Vimeo, the home for high quality videos and the people who love them.
Pausing for PetSmart - TheStreet
The Street
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TheStreet hits the street at The Salty Paw in NYC to discuss whether people are starting to spend less on their pets. Could PetSmart pause?
Investing in Digital Video Games vs. Regular Video Games - TheStreet
The Street
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Investing in Digital Video Games vs. Regular Video Games
Zynga: Cheaper Than Virtual Coins - TheStreet
The Street
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Editor's note: As part of our partnership with Nightly Business Report, TheStreet's Debra Borchardt will join NBR Monday (check local listings) to look at video game stocks as Zynga continues to lose the game. NEW YORK (TheStreet -- Expectation runs high for Zynga , but if investors leave the virtual world and compare real numbers, Zynga loses. This newbie stock is a waste of investors' money. See if (ZNGA) is traded within the Action Alerts PLUS portfolio by Cramer and Link The top game companies include Activision, Electronic Arts and Take Two. All three saw their shares hit highs before the financial crisis.
Cannabis trade group sues New York state for punishing medical operators
Crain's New York Business
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The New York Medical Cannabis Industry Association filed a complaint this week against the New York Cannabis Control Board and the Office of Cannabis Management for what it deems is an unconstitutional $20 million fee for an adult-use license. The lawsuit is fighting for the Registered Organizations who were the first licensed cannabis operators in the state that initially launched the medical marijuana program.