Cannabis multistate operator Acreage Holdings obtained a $15 million short-term loan with an eye-popping 60% yearly interest rate. The secured note, received from an unidentified institutional investor, matures in four months.
Bart Schaneman
Bart Schaneman's Latest Posts
MedMen loses Virginia medical cannabis dispensary license
Virginia regulators voted to rescind the medical marijuana dispensary license held by embattled multistate cannabis company MedMen Enterprises in the town of Staunton, less than a month after the state’s governor signed a bill to legalize MMJ.
Denver awards first license for medical marijuana R&D
The city of Denver issued its first medical marijuana research and development license to study MJ-related treatments for diseases. The license went to Denver-based medical marijuana company MedPharm. The permit allows the company to cultivate, process, manufacture...
Recent looting targeting marijuana shops disrupts supply chain, producing fallout in some wholesale markets
Robberies and looting that targeted cannabis retailers during the recent nationwide protests over the death of George Floyd have upended the marijuana supply chain in several markets, at least for the near future. The shuttering of damaged retail stores is slowing or...
Michigan recreational cannabis sales top medical for first time
Adult-use marijuana sales in Michigan surpassed medical cannabis sales on a weekly basis for the first time since the state's recreational market launched Dec. 1, 2019. According to MLive.com, recreational marijuana sales totaled $10.02...
Colorado lawmakers pass cannabis social equity measure
A Colorado bill that would set aside cannabis social equity licenses for prospective entrepreneurs and give them a leg up in getting started sailed through the state Legislature and was sent to the governor’s desk for his signature.
Ohio OKs another medical cannabis qualifying condition, rejects 2 others
Ohio regulators have recommended adding cachexia, or wasting syndrome, to the list of conditions that qualify for medical marijuana recommendations, which could slightly increase sales for the state's MMJ dispensaries. The state medical board...
Study: Denver cannabis companies mostly white-owned, lacking social equity
A study by Denver regulators highlighted that marijuana company ownership in the city and county is predominantly white, spurring a debate over the value of the analysis itself and how to improve local business opportunities for people of color.
Marijuana company Cresco Labs adds first person of color to board
Cresco Labs, a Chicago-based marijuana multistate operator, appointed Michele Roberts to its board of directors, making the executive director of the NBA players union the first person of color on the board. The Cresco board currently consists...
Schwazze signs deal to buy Colorado cannabis retailer Star Buds for $118M
Denver-based Schwazze, a vertically integrated cannabis company formerly operating as Medicine Man Technologies, signed definitive acquisition agreements to purchase 14 Star Buds retail locations in Colorado for $118 million in a cash and stock deal. [include_post...
An up-close look at high-tech solutions cannabis growers are using to keep costs down, employees safe
Cannabis cultivators are relying on technology and automation to help cut costs and keep workers safe during the coronavirus pandemic and the current economic downturn.
Cannabis growers use technology and automation to cut costs and promote safety amid downturn, pandemic
Cannabis cultivators are turning to technology and automation to help achieve efficiencies, cut costs and keep workers safe during the coronavirus pandemic and the current economic downturn. Growers report technology and automation solutions that include: Automated...
