Marijuana retailer High Tide signs downsized CA$19 million credit facility
Canadian cannabis retail chain High Tide secured a credit facility worth 19 million Canadian dollars ($14.7 million) from Alberta credit union ConnectFirst.
New Mexico recreational cannabis supply challenges ease as production ramps up
More recreational cannabis cultivation production is coming online in New Mexico, and new retailers are establishing the connections they need to secure supply.
At the same time, some warn that production could soon outpace demand and the coming fall “Croptober” outdoor harvest could flood the market and depress prices.
Florida recreational marijuana ballot measure gets industry pushback
A proposed ballot measure to legalize recreational marijuana in Florida in 2024 has triggered harsh criticism from within the industry, signaling ongoing divides over how adult-use markets should be structured.
Cannabis advertising company Weedmaps lays off 10% of staff
California-based cannabis advertising giant Weedmaps said it has laid off about 10% of its workers because of a widespread slowdown in the U.S. marijuana market.
NY approves first recreational cannabis processor licenses, adds grow permits
New York approved the first 15 conditional recreational cannabis processor licenses, which will allow companies to start making infused products such as vapes, oils and edibles and add variety to product lines retailers can offer.
BC’s cannabis distributor closes temporarily due to union job action
British Columbia’s sole cannabis distributor said its warehouse has been temporarily shut down as the result of a job action by employees represented by the BC General Employees Union.
North Dakota recreational marijuana legalization initiative makes fall ballot
North Dakota on Monday became the latest state this year to have a recreational marijuana legalization ballot question certified for the November election.
