California-based marijuana multistate operator MedMen Enterprises has hired ATB Capital Markets to review and potentially help the company divest assets in three states.
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Arizona firm 1606 raises $20 million for hemp and CBD acquisitions
Phoenix-based hemp and CBD retail and distribution company 1606 Corp. raised up to $20 million through an equity financing agreement with GHS Investments.
Deceased farmer’s estate not entitled to Florida marijuana license, judge rules
The estate of a Florida applicant for a medical marijuana cultivation license who died before receiving the permit should not receive it in his absence, an administrative judge ruled.
Trulieve adds another $5.5 million to Florida marijuana legalization campaign
Multistate operator Trulieve Cannabis donated an additional $5.5 million to efforts to legalize adult-use marijuana in Florida.
Longtime Oregon marijuana regulatory director Steve Marks resigns
Steve Marks is resigning as director of the Oregon Liquor and Cannabis Commission, effective Wednesday.
Connecticut AG takes action against delta-8 THC sellers
Connecticut’s attorney general is suing five store operators for allegedly selling products containing delta-8 THC.
High cost of raising capital in marijuana industry expected to continue in 2023
Many marijuana companies seeking capital are expected to find limited pickings and costly terms this year, providing little relief from 2022, when the amount of money ponied up by investors tumbled more than 60% from the year before.
Cannabis MSO Ayr Wellness to sell recently acquired Arizona assets
Miami-based multistate marijuana operator Ayr Wellness is divesting its recently acquired Arizona assets and entering the Ohio market.
Judge sides with Washington state over cannabis residency requirement
A U.S. judge ruled that Washington state’s residency requirement for cannabis company owners and investors is constitutional.
Legislation would give MMJ operators edge in Maryland’s rec cannabis market
Maryland lawmakers introduced adult-use cannabis legislation that would give medical marijuana operators in the state an advantage while also aiming to create equitable opportunities in the industry.
Cannabis MSO MedMen warns about cash situation, ability to stay afloat
California-based cannabis multistate operator MedMen Enterprises is warning investors that it might not have enough money to “meet its obligations” for the next year and that there are questions about its ability to stay in business.
Cannabis MSO Ayr Wellness lays off 180 workers nationwide
Miami-based multistate cannabis operator Ayr Wellness eliminated 180 jobs across the United States, a spokesperson confirmed to MJBizDaily.
