This year’s U.S. hemp harvest is expected to shrink by 46% compared to 2021, according to commodity exchange PanXchange.
Kate Robertson
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Could US marijuana companies follow Canopy to the Toronto Stock Exchange?
Ontario, Canada-based licensed cannabis producer Canopy Growth’s plans to launch Canopy USA to accelerate its acquisitions of three American marijuana companies and remain listed on a major stock exchange might have provided a blueprint for U.S. companies.
Cannabis financier SHF Holdings buys fintech firm Abaca for $30 million
Colorado-based cannabis-focused finance company SHF Holdings said it is spending $30 million in a cash-and-stock deal to acquire financial technology company Rockview Digital Solutions, which does business as Abaca.
Hemp product manufacturer Bloomios acquires gummy maker for $23.5 million
California-based Bloomios, a white-label and private-label hemp product manufacturer, acquired gummy maker Infusionz for $23.5 million.
Debt financing eclipses equity in US marijuana cultivation and retail fundings
Capital raises in the U.S. marijuana industry are down nearly 65% this year versus 2021, but lower stock prices and more creditworthy cannabis companies mean debt financing is now the preferred method to raise funds for the first time in years.
Marijuana operator Curaleaf accused of wrongly terminating Pennsylvania lease
Pennsylvania real estate company Regent Development is suing Curaleaf Holdings, alleging the marijuana multistate operator breached a lease agreement on a commercial property.
Marijuana banking among reforms on the table in upcoming lame-duck Congress
The months ahead could be shaping up to be the most wonderful time of the year for the U.S. marijuana industry, although insiders warn legislative movement isn’t a sure bet.
Lawsuit alleges makers of Jeeter pre-rolls inflate THC potency
A class action lawsuit filed against DreamFields and Med for America claims the companies’ Jeeter brand pre-rolls contain less THC than advertised.
Goodness Growth starts court process after Verano ends marijuana acquisition
After vowing to do so, Minnesota-based Goodness Growth Holdings filed a notice of civil claim seeking unspecified damages after multistate marijuana operator Verano Holdings Corp. terminated their acquisition deal.
Losing applicants challenge Florida’s marijuana license award to Black farmer
Nearly every applicant who wasn’t selected for a medical cannabis cultivation license reserved for a Black farmer has filed a challenge to the Florida health department decision.
Marijuana MSO Trulieve shares more details about employee’s death
Florida-based multistate marijuana operator Trulieve Cannabis on Thursday shared more details about the circumstances surrounding the January death of a 27-year-old female employee at the company’s facility in Holyoke, Massachusetts.
Marijuana platform Leafly to cut 56 jobs, will save $16 million
Seattle-based marijuana commerce platform Leafly will eliminate 56 jobs, or 21% of its workforce, to save approximately $16 million beginning in 2023.
