Cannabis company MariMed refinances debt with $58.7 million loan
Cannabis multistate operator MariMed secured a new 10-year loan worth $58.7 million, most of which will be used to refinance existing debt at an unspecified lower interest rate.
Maryland Medical Cannabis News
Cannabis multistate operator MariMed secured a new 10-year loan worth $58.7 million, most of which will be used to refinance existing debt at an unspecified lower interest rate.
Qualified cannabis entrepreneurs seeking one of Maryland’s first 179 adult-use marijuana business licenses have until Dec. 12 to apply.
A Maryland cannabis accessory and clothing company will no longer sell a sticker with a design that’s similar to Old Bay Seasoning’s logo after the retailer received a cease-and-desist letter from the parent, spice giant McCormick & Co.
Hemp-derived THC product retailers in Maryland can reopen, at least temporarily, after a circuit court judge issued a preliminary injunction allowing them to resume selling intoxicating THC products.
Cannabis seed-to-sale tracking company Metrc has shifted its focus from state governments to companies as its footprint has grown.
Curio Wellness built diversification into its business model to provide backup revenue for the company and to overcome marijuana stigmas.
Wholesale cannabis prices stabilized or rebounded in some key markets through the summer, but cultivators should brace for renewed downward pressure as the fall harvest boosts inventories through the end of the year, experts say.