Arizona regulators finalized rules for the 26 social equity licenses to be issued as part of the state’s adult-use cannabis program, adding language that prevents an applicant from entering into a prior agreement to sell or transfer the license to a nonqualifying operator.
Florida announced an emergency rule to issue one license designated for a Black farmer to compete in the state’s billion-dollar medical marijuana industry.
Pelorus Equity Group, a California-based commercial real estate lender to cannabis-related businesses, said it has secured a federally insured $20 million line of credit. Pelorus said it believes it’s the first company in the cannabis sector to obtain such a credit...
Cannabis retail technology firm Dutchie announced it has snagged $350 million of funding to support its fast growth, the latest in a frenzy of $100-million-plus capital raises that signal marijuana investors are writing larger checks.
A federal judge in Missouri, as expected, struck down the state’s residency requirement for medical marijuana businesses, opening the fast-growing market to out-of-state operators.
U.S. Sens. Cory Booker and Elizabeth Warren last week sent a letter to U.S. Attorney General Merrick Garland urging that the Department of Justice remove marijuana from the federal Controlled Substances list.
Marijuana multistate operator Curaleaf now has been hit with four federal lawsuits in connection with a product-labeling snafu in Oregon that resulted in some customers ingesting high-THC instead of CBD wellness drops.
Multistate operators have made a flurry of acquisitions in Florida totaling more than $500 million over the past year, aiming to make inroads into Trulieve Cannabis’ domination of a medical marijuana market where annual sales top $1 billion.
Marijuana multistate operator 4Front Ventures signed a definitive agreement to acquire Massachusetts-based cultivator New England Cannabis Corp. (NECC) for $55 million, a move intended to expand 4Front's wholesale operation in the state's fast-growing adult-use...
Florida-based Trulieve Cannabis reportedly is planning to build a mammoth, half-million-square-foot cultivation and processing operation at a former steel mill in Pennsylvania with the help of a $2 million state redevelopment grant.
Colorado-based marijuana technology company Akerna raised $20 million of capital to support a recently announced acquisition, future growth and investments in its enterprise software infrastructure.
Marijuana industry finance company AFC Gamma significantly boosted a loan to Chicago-based Justice Cannabis Co., increasing it from the $22 million figure announced in May to $75.4 million. Justice Cannabis plans to use the additional capital to further develop...
