When Jessica Billingsley announced in October 2018 that she was taking Denver-based cannabis technology company MJ Freeway public by merging it with a so-called “blank-check” company, she was on the vanguard of an increasingly popular way for privately held companies to begin trading on public stock exchanges.
A meteoric rise in cannabis special purpose acquisition companies - better known as SPACs - is providing private marijuana and hemp companies an unprecedented opportunity to raise money and go public. “Cannabis SPAC IPOs (initial public offerings) raised more than...
Marijuana businesses have raised hundreds of millions of dollars in recent months, a trend that is expected to continue as an investment dry spell that began late last year appears to be easing.
Innovative Industrial Properties is on a marijuana shopping spree, having spent $100 million since April to buy cultivation and distribution facilities around the nation while providing cannabis operators with sorely needed cash.
Marijuana entrepreneurs seeking to open a business face a similar type of roadblock in virtually any U.S. market: municipal zoning regulations, which can be difficult and annoying.
A heavily regulated marijuana industry such as Illinois' and the current status of cannabis in the state might be just what's needed to deal with the coronavirus crisis and a probable economic recession, according to industry officials. Yet,...
California-based cannabis-technology firm Greenbits, which processes $3.7 billion in sales in more than 1,200 U.S. marijuana stores each year, raised $23 million in a financing round. Greenbits, based in San Jose, said it will use the Series B...
The nation’s capital is the latest medical cannabis market to permit dispensaries to provide deliveries and curbside pickups to patients during the COVID-19 pandemic.
Recreational marijuana stores in Michigan could face a shortage of product after state regulators ruled that adult-use shops can no longer buy MJ from a network of caregiver growers. The Marijuana Regulatory Agency issued a bulletin reversing course that said only...
There have been almost twice as many burglaries at Denver cannabis businesses - primarily marijuana retailers - this year as there were during the same period in 2019, according to police data obtained by Marijuana Business Daily. The Denver Police Department sent a...
Marijuana businesses increasingly are rewarding employees who are working during the coronavirus crisis, and the perks range from money to Netflix subscriptions. We'd like to hear from you, the cannabis business owner, on what you think is...
Kay Doyle is leaving her spot on the commission that regulates medical and recreational cannabis in Massachusetts. Doyle, who was appointed to the Cannabis Control Commission when it was created in 2017, will leave the agency May 8 to return to the private sector, the...
