Canadian cannabis and alcohol company SNDL has acquired a minority stake in competitor High Tide, which operates the largest retail chain in the country.
Chris Casacchia
Chris Casacchia's Latest Posts
Arizona crackdown on illegal THC sales to begin April 24, attorney general says
Sales of THC-infused products in Arizona anywhere but at licensed marijuana stores is illegal and enforcement will begin April 24, the state’s attorney general warned in letters to cannabis retailers.
Oklahoma loses nearly 40% of licensed medical marijuana operators in 12 months
Over a 12-month period through July 2024, the number of medical marijuana operators in Oklahoma decreased by nearly 40%.
Poseidon invests $1 million in another New Jersey cannabis retailer
Poseidon Investment Management, a San Francisco-based cannabis hedge fund operator, has invested in another New Jersey retailer, its third financing deal in that market since mid-December.
New York launches $5M grant program for cannabis social equity retailers
New York has established a $5 million grant program to support startup costs for adult-use cannabis social equity retail licensees in the state.
New CEO aims to transform Safe Harbor from cannabis lending to fintech
Terry Mendez is implementing sweeping changes at Safe Harbor Financial to diversify its core business and improve its standing as a publicly traded company.
Kansas introduces bills to legalize medical and adult-use marijuana
Separate bills have been introduced in the Kansas Legislature that would legalize medical and adult-use marijuana in the state.
Hundreds of Humboldt marijuana farmers expected to lose licenses over tax debt
Hundreds of marijuana farmers in California’s Humboldt County are in jeopardy of losing their business licenses as a deadline looms to pay county cultivation taxes levied years ago.
Idaho bill would eliminate voter approval for marijuana legalization
A House bill had advanced in Idaho that would give the state legislature the sole authority to legalize and regulate marijuana.
California’s Glass House secures $50 million credit line
California vertically-integrated cannabis company Glass House secured a new $50 million credit line.
Bills that would add more hemp-product limits advance in Kentucky and Georgia
State senators in Kentucky and Georgia advanced bills this week that would enact steeper restrictions on hemp products.
Marijuana sales-tax challenge heads to Missouri Supreme Court
A Missouri lawsuit challenging double taxation by local and county municipalities on marijuana sales will be heard by the state Supreme Court.
