Delaware inundated with adult-use cannabis business license applications
Competition to operate an adult-use cannabis business in Delaware is intense. During the application period from Aug. 19 to Sept. 30, the state’s Office of the Marijuana Commissioner received more than 1,260 applications for recreational marijuana business...
Marijuana businesses seek alternatives to debt financing in slow capital market
Illinois craft marijuana producer Cannect Wellness raised $7 million in its second equity funding round, executives told MJBizDaily. According to finance experts, capital raises in the cannabis sector have been slow over the past year, due, in part, to the expense of...
Eaze winding down cannabis delivery operations as new owners ponder future
(This story was updated on Oct. 8 with information about potential layoffs.) The CEO of California’s largest cannabis delivery service, Eaze Technologies, said its parent company is winding down operations and new ownership will determine if the business continues....
Marijuana operator TerrAscend withdraws $26 million from senior secured loan
TerrAscend Corp., a Canadian-headquartered marijuana multistate operator with U.S. assets, said it withdrew $26 million from its $140 million loan to pay off higher-interest debt it holds in Michigan. An initial $114 million disbursement from the senior secured term...
Basketball great Carmelo Anthony enters new arena with cannabis brand, mission
Carmelo Anthony wants to redefine celebrity brands in the cannabis industry. The former professional basketball player has defied expectations throughout his career, from being chosen the NCAA Final Four’s Most Outstanding Player at age 19 to becoming one of the most...
Ohio recreational marijuana sales near $90 million in 7 weeks
Barely seven weeks since the launch of Ohio’s recreational marijuana market, sales have reached almost $90 million. Between Aug. 6 – when adult-use sales began in Ohio – and Sept. 28, sales totaled $87.1 million, according to the latest report from the...
Report details upside of New York’s adult-use cannabis market
New York regulators issued a wide-ranging report about the state’s cannabis industry, which is finally showing signs of growth nearly two years after the launch of adult-use sales. The Marihuana Regulation and Taxation Act (MRTA) Implementation Report, released...
What legalized psilocybin might look like in New Jersey
(This story first appeared at reMind, a psychedelics business platform. The reMind Psychedelics Business Forum is Dec. 3 at MJBizCon. Full information about the forum is available here.) New Jersey lawmakers are hoping to succeed with psychedelics policy reform in...
Fed rate cut could be a game changer as cannabis industry debt maturity looms
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) The Federal Reserve’s recent decision to lower interest rates by 50 basis points has reverberated through financial markets, prompting a careful...
Arkansas high court breathes life into medical marijuana ballot initiative
A ballot initiative that would significantly expand Arkansas’ medical marijuana program is still alive after the state’s Supreme Court ordered a key government official to resume counting roughly 18,000 signatures that he allegedly declined to count....
14 licenses for cannabis social clubs granted in 4 German federal states
The number of applications and licenses granted for cannabis cultivation social clubs in Germany continued to grow throughout September, but growth has slowed month-over-month. ADVERTISEMENT According to the latest data, 14 licenses have now been granted in four of...Featured
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