United States Cannabis Industry & Marijuana Business News

How much is your slice of the marijuana pie worth?

(This story is part of MJBizDaily’s premium subscription service, Investor Intelligence.) Warrants can align stakeholder incentives with shareholder interests, but they complicate the share count at different valuations and can cloud what you really own. There are two essential steps to valuing equity: Value the underlying business. Divide that by the stakeholders – first the debt […]

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Utah lawmakers consider ditching state-run medical cannabis system

Utah legislators are drafting a proposal to scrap a planned state-run medical marijuana dispensary system and instead increase the number of private facilities, which could boost business opportunities and sales. Lawmakers are considering the change after facing pressure from county attorneys who said the system put public employees at risk of being prosecuted under federal drug […]

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Marijuana firm KushCo secures $50 million credit line

California-based KushCo Holdings, a cannabis company specializing in ancillary products such as packaging, closed on a $50 million credit facility that will be used for working capital and potential acquisitions. The transaction consists of a $35 million revolving line of credit that can be increased by $15 million subject to certain terms, according to the […]

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Investor Intelligence to host exclusive webcast on Q2 cannabis investing trends

In a special webcast from MJBizDaily’s Investor Intelligence, Viridian Capital Advisors executives Scott Greiper and Harrison Phillips will review Q2 investing trends and the outlook for the marijuana industry for the next 12-18 months. This special live webcast on Aug. 28 at 4:15 p.m. ET/1:15 p.m. PT is exclusively for Investor Intelligence subscribers. Learn more here.

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Cresco Labs reports increased marijuana revenue, net quarter loss

Cresco Labs, a multistate cannabis company based in Chicago, on Wednesday reported revenue of $29.9 million for the second quarter, up 253% from the same period a year ago. Net loss for the quarter, ending June 30, was $3.9 million, compared with net income of $1.6 million for the prior-year period. Cresco trades on the Canadian […]

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Terra Tech selling Nevada cannabis dispensary

California-based Terra Tech is selling its Blüm Reno dispensary, which was the subject of a lawsuit earlier this year, for $15 million. In February, Terra Tech agreed to pay $6.3 million to settle a lawsuit that alleged the company siphoned money from the Blüm dispensary for other ventures. Terra Tech is selling the dispensary to Picksy […]

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Michigan offers application help to adult-use marijuana businesses

Michigan regulators are hosting a series of educational sessions in September for potential recreational cannabis business applicants, with online applications starting Nov. 1. The five sessions are designed to demonstrate the online business license application process. Under Michigan’s adult-use marijuana law, local jurisdictions decide whether to permit or ban commercial rec MJ activity. There is […]

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Impact of California high court medical cannabis ruling unclear for state’s businesses

San Diego failed to adequately analyze the potential environmental impacts of its medical marijuana dispensary law, the California Supreme Court ruled in a decision that might limit the discretion of local governments across the state when approving cannabis stores. The ruling came after San Diego declared its 2014 cannabis law didn’t require any environmental analysis. […]

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