Sales at Hawthorne Gardening Co., the marijuana grow subsidiary of Scotts Miracle-Gro, were further diminished for the quarter ending July 1.
Kate Robertson
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Trulieve Cannabis alleges ex-CFO wrongly expensed more than $350,000
Florida-based marijuana multistate operator Trulieve Cannabis is evaluating its options after discovering the company’s former chief financial officer allegedly sought reimbursements for personal expenses and used the MSO’s corporate credit cards inappropriately, racking up as much as $400,000 in personal expenses.
Cannabis firm Tilray buying 8 Anheuser-Busch beverage brands for $85 million
Canadian cannabis producer Tilray Brands is adding to its alcohol portfolio with the acquisition of eight beverage brands from Anheuser-Busch, including Breckenridge and Shock Top breweries, a cider maker and an energy seltzer
Judge tosses Michigan lawsuit because marijuana is federally illegal
A U.S. district judge dismissed a lawsuit against the Michigan Cannabis Regulatory Agency not for any reason related to the dispute but simply because marijuana is federally illegal.
Story Cannabis Co. acquires four-store chain in Arizona
Multistate operator Story Cannabis Co. acquired four vertically integrated marijuana licenses in Arizona from Devi Holdings.
New Mexico marijuana store accused of illegal sales, extraction
New Mexico regulators filed an injunction to pause operations at an Albuquerque marijuana store after the retailer allegedly violated the state’s adult-use laws.
Financier Pelorus Capital Group prices cannabis real estate securitization
California-based commercial real estate lender Pelorus Capital Group priced a securitization for cannabis-related real estate assets, calling it a first for the industry.
Small marijuana businesses take advantage of purported 280E loophole
A growing number of marijuana businesses are taking advantage of a tax strategy that might reduce the costly financial burden imposed by Section 280E of the federal tax code.
Cannabis MSOs Cresco Labs, Columbia Care terminate planned merger
Cannabis multistate operators Cresco Labs and Columbia Care are officially walking away from their planned merger, a deal that was valued at $2 billion when it was announced in March 2022.
Rhode Island regulators investigating cannabis retailer’s late payments
Rhode Island regulators are reviewing the finances of the Thomas C. Slater Compassion Center, a medical cannabis dispensary that just launched adult-use sales in December.
California cannabis delivery service Eaze accused of fraud in lawsuit
The former owners of Green Dragon, a cannabis company operating in Colorado and Florida, allege in a lawsuit that California-based Eaze defrauded investors, is “close to insolvency” and is operating unlawfully.
CFOs depart Trulieve, Weedmaps at tough time for cannabis
The departures of chief financial officers at Trulieve Cannabis Corp. and Weedmaps’ parent company come at a challenging time for the marijuana industry, which is dealing with high interest rates, low share prices and the slow pace of federal reform in the United States.
