The top marijuana regulators in two states on the verge of launching adult-use sales are stepping down.
Margaret Jackson
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Receiver appointed for Red White & Bloom cannabis subsidiary in Michigan
A Michigan circuit court has appointed a receiver for the assets of PharmaCo, a property of Canada-based cannabis multistate operator Red White & Bloom Brands.
Cannabis financial services firm Safe Harbor cuts $1.2M liability in new deal
Cannabis industry finance company Safe Harbor Financial has eliminated $1.2 million of indemnity liability through a four-year extension and modification of its agreement with Partner Colorado Credit Union.
Ohio recreational cannabis sales surpass $242 million in 2024
Ohio recreational cannabis retailers recorded $242.2 million in sales in 2024 – only five months after the state launched its adult-use market.
Marijuana operator Canopy USA appoints Jorgensen as first president
Canopy USA, the American-based holding company of Canadian marijuana operator Canopy Growth Corp., has appointed M. Brooks Jorgensen as the fledgling entity’s first president.
Marijuana MSO Vireo Growth raises $81M in oversubscribed funding round
Cannabis multistate operator Vireo Growth raised $6 million more than it hoped for in a private placement offering that closed Dec. 30.
Marijuana MSO iAnthus acquires vape brand Cheetah for $1.5 million
Marijuana multistate operator iAnthus Capital Holdings is buying Illinois vape brand Cheetah Enterprises in an all-stock deal valued at $1.5 million.
Keef Brands bubbles to top of competitive cannabis beverage sector
Colorado-based Keef Brands has more than 70 SKUs – including gummies, oils and vapes – but carbonated sodas account for about 80% of the company’s sales.
Marijuana MSO Standard Wellness secures $10 million loan
Marijuana multistate operator Standard Wellness Holdings has secured a $10 million credit facility.
Cannabis operators report Instagram page ‘shadow bans’ and closures
Despite growing acceptance of cannabis, many state-regulated marijuana businesses say their social media pages are being hidden or shut down.
Delaware awards 15 licenses for recreational marijuana retailers
Delaware issued 15 more recreational marijuana licenses for retailers via a lottery held by the state’s cannabis regulatory agency.
Massachusetts hires new cannabis chief; Arkansas’ MMJ regulator resigns
Massachusetts’ Cannabis Control Commission hires Travis Ahern as executive director, and Arkansas’ top MMJ regulator has resigned.
