by Margaret Jackson | Nov 8, 2024 | News
Marijuana multistate operator Curaleaf Holdings said it has secured a $40 million revolving line of credit from a “major commercial regional bank.” Curaleaf will use the credit line from Needham Bank in Massachusetts for general corporate purposes and...
by Kate Lavin | Nov 8, 2024 | News
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) New data reveals significant growth in cannabis sales during key shopping days, particularly Green Wednesday (the day before Thanksgiving) and the...
by Chris Casacchia | Nov 7, 2024 | News
Multistate operator TerrAscend Corp. said it is entering the Ohio marijuana market through an acquisition. The company signed a definite agreement to buy Ratio Cannabis, which operates a retail outlet in Goshen Township, for $10.3 million, according to a Wednesday...
by Chris Roberts | Nov 7, 2024 | News
The United Kingdom should increase the amount of THC allowed in hemp to 0.3%, a government-appointed advisory panel has recommended. In a memo published Oct. 23, the U.K.’s Advisory Council on the Misuse of Drugs said “the potential benefits” of raising the...
by Margaret Jackson | Nov 7, 2024 | News
A group of seven independent marijuana social equity transporters in Illinois filed a civil rights complaint against the state’s Department of Agriculture alleging that the office discriminated against them when it issued licenses to medical cannabis cultivation...
by Margaret Jackson | Nov 7, 2024 | News
After failed efforts to find a deal to restructure its debts, cannabis multistate operator Slang Worldwide is entering receivership to dispose of its Colorado assets and filing for bankruptcy in Canada. Toronto-based Slang said in a news release it might also sell the...
by Margaret Jackson | Nov 7, 2024 | News
(This story is an update of the MJBizDaily reader-favorite, “How to dry and cure cannabis to ensure quality, shelf life.”) Drying and curing is a critical stage for marijuana cultivators that can make or break the quality of the final product. Proper drying and curing...
by Chris Roberts | Nov 6, 2024 | News
Is Republican control of the U.S. government better for marijuana reform than a Democrat-led administration, and have statewide adult-use cannabis legalization efforts simply maxed out? After the GOP’s decisive nationwide victory on Tuesday sent former President...
by Chris Casacchia | Nov 6, 2024 | News
Marijuana stocks were reeling Wednesday on the heels of adult-use legalization failures on Election Day in Florida, North Dakota and South Dakota and the grim prospects of national MJ reform under a second Donald Trump presidency. The American Cannabis Operator Index,...
by Margaret Jackson | Nov 6, 2024 | News
A former senior vice president of Curaleaf Holdings alleges in a lawsuit that the cannabis multistate operator terminated her employment after she complained about sexual harassment and racist comments. Khadijah Tribble, who is Black, also alleged in the suit against...
by Chris Casacchia | Nov 6, 2024 | News
South Dakota voters on Tuesday rejected a ballot measure seeking to legalize recreational marijuana for the third straight election cycle. With 92% of the vote counted as of 11:30 a.m. CT Wednesday, the measure was failing 52% to 44%, according to the Associated...
by Margaret Jackson | Nov 6, 2024 | News
As more women enter the cannabis industry, they need an outlet to connect to discuss business, trade war stories and talk about the challenges they face in a male-dominated environment. Blunt Brunch, a Phoenix-headquartered events business that brings together women...