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John Schroyer, Senior Reporter

A Sacramento-based journalist, John had focused on Colorado politics for most of his career, which included covering the 2008 Democratic National Convention in Denver. In 2012, he covered the Amendment 64 campaign to legalize recreational marijuana for The Colorado Springs Gazette. As then-video editor for The Gazette, he was on hand for the first-ever legal recreational marijuana sale in Denver on Jan. 1, 2014. He’s been writing about the cannabis industry since joining Marijuana Business Daily over the summer of 2014.

Marijuana MSO Verano ups credit agreement with $120M loan at 8.5%

Chicago-based marijuana multistate operator Verano Holdings Corp. said Wednesday it amended an existing credit agreement to secure an additional $120 million in funding at a lower annual interest rate of 8.5%. The loan brings the total outstanding senior secured term loans under the credit facility to $250 million. The latest funding comes with the option […]

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South Dakota lawmakers introduce bill to legalize adult-use cannabis

South Dakota lawmakers introduced a bill to legalize adult-use cannabis, heeding a recommendation from a legislative subcommittee that was assigned to study the issue. According to Sioux Falls TV station KELO, the bill will next go to the full regular legislative committee on recreational marijuana and then would head to the Legislature’s executive board – […]

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MJBizFinance Forum speakers bullish on marijuana industry’s outlook

Three industry experts who presented at the MJBizFinance Forum on Tuesday predicted the marijuana industry is heading in the right direction, albeit with bumps along the way. “Year-over-year industry growth … remains incredibly attractive,” Vivien Azer, managing director and senior research analyst at Cowen, told those attending the one-day event ahead of the formal kickoff […]

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After two-year wait, New Jersey issues 14 more medical cannabis permits

New Jersey regulators awarded 14 new medical cannabis business licenses in advance of next year’s likely adult-use market launch. The issuance of the licenses fulfills a 2-year-old plan to expand the state’s MMJ program. According to, the state’s Cannabis Regulatory Commission on Friday announced the permit winners, a mixture of 10 cultivation and four […]

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Mississippi gov issuing ‘unreasonable demands’ on cannabis, lawmakers say

Republican state lawmakers in Mississippi say that GOP Gov. Tate Reeves has been delaying a special session of the Legislature with “unreasonable demands” on parameters of a bill to legalize a medical cannabis program. According to Mississippi Today, there’s been an ongoing back-and-forth between Reeves and Republican lawmakers since Sept. 24, when they informed him […]

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Cresco spending $80 million to acquire another Pennsylvania marijuana firm

Chicago-based Cresco Labs said Thursday it will acquire Pennsylvania-based Laurel Harvest Labs in a cash-and-stock deal worth $80 million. The acquisition is the multistate operator’s second in less than a month, following the $90 million purchase of Cure Pennsylvania in September. Cresco said in a news release that the addition of Laurel Harvest will further cement […]

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Mississippi still pondering special legislative session on medical cannabis

State lawmakers in Mississippi might yet have a special session in an attempt to strike a legislative deal to legalize medical cannabis in the state. The primary question appears to be when that session, which would be called by the governor, would be held. According to the Associated Press, Gov. Tate Reeves is still hammering […]

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South Dakota 2022 recreational marijuana campaign kicks off

The campaign to legalize recreational marijuana in South Dakota is officially underway – again. According to a news release, the South Dakota secretary of state’s office on Tuesday approved a draft of a statewide ballot measure for 2022, meaning the campaign – South Dakotans for Better Marijuana Laws (SDBML) – can start collecting the 17,000 […]

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Ohio legislator to introduce second bill to legalize recreational marijuana

A Republican state lawmaker in Ohio intends to introduce a bill to legalize recreational marijuana, marking the second such bill the state Legislature will consider this year. According to the Associated Press, state Rep. Jamie Callender, a conservative from Concord, was planning to introduce the adult-use legalization bill on Tuesday. The move follows the introduction […]

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