The nation’s largest marijuana multistate operators collectively could tap into nearly $2 billion worth of debt – should any want to borrow money to expand capacity, make acquisitions or buy back stock.
California’s business tax collector is ramping up enforcement against unlicensed and licensed cannabis companies, which owe the state nearly $200 million in unpaid taxes.
Cannabis companies generally have been raising less money this year versus previous years, but not all industry sectors are coming up short.
Marijuana real estate lenders are bucking the trend.
Registration for MJBizCon 2022 is now open, as the world’s largest cannabis business event prepares to welcome cannabis industry professionals back to the Las Vegas Convention Center on Nov. 15-18.
Los Angeles has revised its cannabis ordinance and tweaked some other related rules in an effort to speed up business license application processing and approval timelines.
Typically, marijuana M&A and funding move in the same direction – but not this year.
Here is a closer look at this apparent disconnect.
Since launching last July, Christopher Fevry, co-founder and CEO of Boston-based cannabis delivery service Your Green Package, has been busy.
With a Massachusetts courier delivery license – which are reserved for minority entrepreneurs under the state’s social equity program – the company already has 16 delivery vehicles on the road and more than 70 employees.
Vertical integration was the name of the game when California launched its recreational marijuana market in 2018, as companies handled everything from cultivation to retail sales and home delivery.
Four years later, operators across the state, small and large, are divesting assets, shuttering business lines and letting coveted licenses expire in order to cut costs and narrow their focus in the world’s largest marijuana market.
Heading into another brutally dry summer, struggling cannabis growers in California could be excluded from the state’s latest assistance plan to save water.
A spike in sometimes violent robberies at marijuana retail outlets across the United States is putting the industry on edge and causing business owners to revamp security to safeguard their stores and employees.
U.S. Senate Majority Leader Chuck Schumer has a seemingly unsolvable puzzle on his desk when it comes to federal marijuana reform.
He doesn’t have enough support in his own party to decriminalize marijuana, even as Republican senators reject his demand that criminal justice reform be included.
Marijuana farmers across California are scrambling to revamp their operations to stay in the licensed market at a time when hundreds, if not thousands, of cultivators are in danger of going out of business.
