AFC Gamma provides nearly $50 million of capital to three cannabis companies
Florida-based lender AFC Gamma said it recently provided $46.3 million of capital to three cannabis companies as part of expanded credit facilities.
Arizona Medical Cannabis News
Florida-based lender AFC Gamma said it recently provided $46.3 million of capital to three cannabis companies as part of expanded credit facilities.
Cannabis multistate operator Verano Holdings said it has drawn an additional $100 million under its existing credit agreement to fund expansion and strategic initiatives.
Arizona regulators sent notices of intent to revoke the licenses of two marijuana testing laboratories for allegedly using procedures that could inflate product potency results.
Gummies continue to dominate the U.S. edibles market, particularly among new marijuana consumers, although other consumable products are growing in popularity, including those that replicate the whole-plant experience as well as healthier options.
Trulieve Cannabis acquired a 64,000-square-foot cultivation facility in Phoenix for $13.75 million in cash, a move that increases the multistate operator’s massive marijuana holdings in the Arizona market.
Twenty-seven states have limited-licensing schemes that lead to the lack of diversity in the marijuana industry, according to a new study on equity, underscoring a growing debate about how best to boost cannabis business participation among minorities and those affected by the war on drugs.
A lawsuit that attempted to keep coveted social equity marijuana business licenses in Arizona out of the hands of big businesses has been dismissed, with the presiding judge ruling that state regulators have acted in keeping with the law.