Canadian cannabis operator Canopy Growth Corp. made an early payment to reduce a loan term by $100 million (roughly 138.5 million Canadian dollars).
Margaret Jackson
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Illinois adult-use marijuana sales drop 2% in September to $136.5 million
Adult-use marijuana sales in Illinois were down a little more than 2% in September compared to the same month last year, even though businesses sold more than $1 billion worth of marijuana faster than they have in previous years.
New Delaware law protects banks that work with state’s marijuana businesses
Financial institutions that serve licensed marijuana businesses in Delaware will be protected from state-level prosecution under a bill that the governor recently signed into law.
Cannabis sales in Ontario, Canada, rise 21% in first half of year
Cannabis sales in Ontario, Canada, surged during the first half of the year, with licensed retailers selling 21% more marijuana by volume than they did during the same period last year.
New York City program offers loans to cannabis social equity retailers
New York City has launched a low-interest loan program designed to provide affordable capital to licensed cannabis social equity retailers.
Connecticut’s cannabis sales decline 12% in September
Total cannabis sales in Connecticut dropped 12% in September, according to recently released data.
Facing receivership, marijuana operator StateHouse Holdings enters bankruptcy
San Diego-based marijuana operator StateHouse Holdings has entered bankruptcy in Canada after its main lender asked that the company be placed in a receivership.
Parts of New Jersey’s hemp law are unenforceable, judge rules
The hemp industry scored a significant victory when a New Jersey judge ruled that the state cannot enforce parts of a new law that treat out-of-state hemp products differently.
IM Cannabis announces $1.6 million private placement to repay loan
Medical marijuana company IM Cannabis Corp. is planning a non-brokered private placement offering of up to $1.6 million through the sale of about 625,000 units.
Dutch medical marijuana producer Bedrocan returning to Canada
Medical marijuana producer Bedrocan International is returning to the Canadian market through the purchase of a facility in Scarborough, Ontario.
Florida cannabis businesses shut down, halt delivery as Hurricane Milton nears
Florida cannabis businesses began shutting down this week in anticipation of Hurricane Milton, which was expected to make landfall late Wednesday on the state’s west coast.
Backers of Nebraska medical marijuana ballot initiative dispute fraud claims
Sponsors of Nebraska’s medical marijuana ballot initiatives are disputing the secretary of state’s claims questioning the validity of nearly 100,000 signatures collected for two petitions.
