Curaleaf, a Massachusetts-based multistate marijuana operator, secured $275 million in debt from a syndicate of lenders. It's believed to be the largest amount of debt ever raised in the U.S. marijuana industry. The company plans to use the...
Kevin Huhn
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California turns to technology in fight against illegal cannabis firms
In California's continuing attempt to crack down on illicit marijuana companies, the Bureau of Cannabis Control is encouraging licensed MJ retailers to post their unique QR code in storefront windows. Consumers would use their smartphone...
Canadian marijuana firm Tilray sued for $300 million in Florida
Canadian marijuana producer Tilray is being sued for $300 million in Florida by Fort Lauderdale-headquartered soap company Trimax, which claims the British Columbia firm is seeking to bankrupt one of its subsidiaries. The suit, first reported...
Medical cannabis vote set for South Dakota in 2020
South Dakota voters likely will decide next year whether to legalize medical marijuana sales as Secretary of State Steve Barnett validated the signatures on a petition to place MMJ on the 2020 ballot. The measure is expected to be decided at...
Update: Akerna sets $27.5 million revenue target for 2020, driven by acquisitions
A few hours after we published a note on Akerna’s planned acquisition of Ample Organics, the company filed an 8K updating the details. The filing and presentation had key additions and differences from the initial announcement.
Montana judge allows marijuana vaping ban to stand
A judge cleared the path for Montana to enforce a temporary emergency ban on flavored vaping products, including those containing THC. The 120-day ban began Wednesday afternoon. District Judge Jennifer Lint ruled against vape shop owners who...
New York taps Birenbaum as its cannabis czar
Democratic New York Gov. Andrew M. Cuomo appointed Norman Birenbaum as director of the state’s cannabis program.
Key US senator opposes marijuana banking bill
U.S. Sen. Mike Crapo, the chair of a key U.S. Senate committee, struck a blow against a crucial banking bill for the cannabis industry. The Republican said in a statement that he opposes a U.S. House-passed bipartisan bill to give banks and...
California firm charged with illegal cannabis grow
A California agency filed a lawsuit against Lowell Herb, alleging the Los Angeles-based company processed marijuana without a license in the state's San Luis Obispo County between December 2018 and March 2019. The California Department of Food...
Cannabis firms must focus on profitability, communication for long-term viability
The cannabis industry is at a crossroads where companies will need to differentiate based on profitability, strong yet simple capital structures and investor communication.
California raid nets $8.8 million in illicit marijuana products
California officials continued their crusade against the illicit cannabis market in the state by raiding unlicensed cannabis shops in the Los Angeles area.
Dozens seek Maine recreational marijuana business licenses
Maine has received 76 applications for business licenses to sell adult-use marijuana since the state began taking applications on Dec. 5. Thirty-eight of the license applications are for retail stores, 27 for cultivation facilities and 11 for...
