An Illinois judge has lifted a court order standing in the way of 185 new business licenses being issued for recreational cannabis stores.
Solomon Israel
Solomon Israel's Latest Posts
Aurora Cannabis announces bought deal financing, upsizes to $150 million
Aurora Cannabis entered a bought deal financing worth $125 million, then upsized that funding to $150 million.
Canadian cannabis sales rebound strongly in March to record CA$358.8M
Canadian sales of regulated recreational cannabis hit an all-time high of almost 358.8 million Canadian dollars ($279.6 million) in March, according to Statistics Canada retail sales data released Thursday.
Has Canada reached cannabis retail saturation? Not yet, data firm says
Canada’s cannabis industry has been sounding the alarm about oversaturation of retail stores, with the CEO of Sundial Growers warning of “massive store closures” and some stores closing or going up for sale in Ontario.
However, every Canadian province except Alberta could actually handle more recreational cannabis stores, according to an industry analyst.
Canadian cannabis producer Canopy Growth shuts ESG unit in latest layoffs
Canopy Growth Corp. dissolved the Social Impact and Advocacy team, which led the company’s environmental, social and governance (ESG) strategy, during its latest round of cost-cutting layoffs.
Marijuana MSO Ascend Wellness borrows additional $36.5 million
Marijuana multistate operator Ascend Wellness Holdings tacked on $36.5 million of additional borrowing to its existing senior secured credit facility.
Cresco Labs secures $38 million tax breaks for New York cannabis facility
Multistate operator Cresco Labs succeeded in its push to get $38 million in tax breaks for a planned cannabis cultivation and manufacturing facility in Ulster County, New York.
Actor Sacha Baron Cohen drops lawsuit over ‘Borat’ marijuana billboard
Actor Sacha Baron Cohen dropped a lawsuit against Massachusetts marijuana cultivator and retailer Solar Therapeutics, which featured his popular “Borat” character on a highway billboard without permission.
Cannabis REIT buys, leases back Tilt Holdings property in $40 million deal
Cannabis industry real estate investment trust Innovative Industrial Properties (IIP) announced a $40 million acquisition and leaseback deal for a Tilt Holdings marijuana production facility in Taunton, Massachusetts.
Tribe to expand medical marijuana cultivation in South Dakota
The Flandreau Santee Sioux Tribe is building two new cultivation facilities to support its medical cannabis dispensary in South Dakota, citing high demand.
Marijuana lender Chicago Atlantic increases credit facility to $65 million
Marijuana industry real estate lender Chicago Atlantic Real Estate Finance increased the size of its revolving credit facility by $20 million to $65 million.
Canadian cannabis retailer warns of possible suit, fallout from OCS leak
An independent cannabis retailer, who claims she tipped off the government-run Ontario Cannabis Store (OCS) wholesaler to a major breach of business data, said the leak could pose serious security risks to stores in Canada’s biggest adult-use cannabis market.
