Total cannabis sales in Connecticut dropped 12% in September, according to recently released data.
Margaret Jackson
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Facing receivership, marijuana operator StateHouse Holdings enters bankruptcy
San Diego-based marijuana operator StateHouse Holdings has entered bankruptcy in Canada after its main lender asked that the company be placed in a receivership.
Parts of New Jersey’s hemp law are unenforceable, judge rules
The hemp industry scored a significant victory when a New Jersey judge ruled that the state cannot enforce parts of a new law that treat out-of-state hemp products differently.
IM Cannabis announces $1.6 million private placement to repay loan
Medical marijuana company IM Cannabis Corp. is planning a non-brokered private placement offering of up to $1.6 million through the sale of about 625,000 units.
Dutch medical marijuana producer Bedrocan returning to Canada
Medical marijuana producer Bedrocan International is returning to the Canadian market through the purchase of a facility in Scarborough, Ontario.
Florida cannabis businesses shut down, halt delivery as Hurricane Milton nears
Florida cannabis businesses began shutting down this week in anticipation of Hurricane Milton, which was expected to make landfall late Wednesday on the state’s west coast.
Backers of Nebraska medical marijuana ballot initiative dispute fraud claims
Sponsors of Nebraska’s medical marijuana ballot initiatives are disputing the secretary of state’s claims questioning the validity of nearly 100,000 signatures collected for two petitions.
Commercial landlords soften stance on renting to cannabis businesses
Cannabis companies that once struggled to find space to conduct cultivation, manufacturing and retail operations are benefiting from a tumultuous commercial real estate market that’s prompting landlords to reconsider leasing to marijuana-related businesses.
Delaware inundated with adult-use cannabis business license applications
Delaware received more than 1,260 applications for adult-use cannabis business licenses, including 800 for 30 retail operations.
Marijuana businesses seek alternatives to debt financing in slow capital market
Cannect Wellness raised $7 million in its second equity funding round; capital raises have been slow due to the expense of debt financing.
Marijuana operator TerrAscend withdraws $26 million from senior secured loan
TerrAscend Corp., a Canadian-headquartered marijuana multistate operator with U.S. assets, said it withdrew $26 million from its $140 million loan to pay off higher-interest debt it holds in Michigan.
Green Thumb cannabis workers in New Jersey seek right to exit union
Employees of cannabis multistate operator Green Thumb Industries want to vote on whether they can remove United Food and Commercial Workers (UFCW) Local 360 as their union representative.
