Marijuana MSO 4Front Ventures amends credit facility, seeks to refine fiscal plan
Marijuana multistate operator 4Front Ventures Corp. amended its credit facility and enlisted Canaccord Genuity Corp. to hone its financial strategy. Under the amended credit facility – initially established in October 2023 – Altmore Capital affiliate Alt...
Ancillary firm aims to solve payment crunch for cannabis brands
As cannabis cultivators and product manufacturers struggle to collect payments for products sold at retail, more marijuana service providers are attempting to close that gap. New York-based LeafLink, a software platform that connects cannabis retailers with brands, is...
Lawsuit seeks to block California ban on intoxicating hemp-derived products
(This story was updated at 3 p.m. ET on Oct. 4 to add details about a request for a temporary restraining order.) The U.S. Hemp Roundtable on Friday joined six hemp companies in requesting a temporary restraining order (TRO) of California’s ban on intoxicating...
MSOs donate another $6 million to Florida adult-use marijuana campaign
Two of the nation’s largest marijuana multistate operators, Trulieve Cannabis Corp. and Curaleaf Holdings, pumped another $6 million into Florida’s adult-use legalization campaign, the most expensive ballot effort in U.S. history. Tallahassee-based Trulieve...
Hemp bill introduced in Congress would ban synthetic THC nationwide
A new federal agency would be responsible for enforcing fresh regulations imposed on Farm Bill-compliant hemp products in the United States – including a ban on “artificially or synthetically derived cannabinoids of any kind” – under a bill introduced in...
Village Farms buys remaining interest in Dutch cannabis producer Leli Holland
Village Farms International has acquired the remaining equity in Netherlands-based cannabis producer Leli Holland B.V. The Vancouver, British Columbia-headquartered company initially agreed in 2021 to acquire an 80% stake in Leli Holland. ADVERTISEMENT At the time,...
Premium marijuana brands report steady sales despite shaky economy
In a volatile economy, luxury goods often take a hit. But a surprising trend has emerged in the cannabis industry: Many premium brands are not only surviving but thriving. ADVERTISEMENT Despite economic uncertainty, luxury marijuana products continue to attract...
California emergency orders restricting intoxicating hemp products now in effect
Emergency regulations issued by California Gov. Gavin Newsom a few weeks ago limiting the sale and production of intoxicating hemp products are now in force. The rules were enacted Monday after they were approved by the state’s Office of Administrative Law,...
Georgia pharmacy launches medical marijuana oil sales in defiance of DEA
A licensed Georgia pharmacy appears to be the first to sell low-THC medical marijuana oil in accordance with state law but in defiance of a U.S. Drug Enforcement Administration warning. According to Augusta TV station WRDW, Living Well Pharmacy recently launched sales...
Audit: Connecticut cannabis social equity agency followed ‘questionable practices’
The agency that oversees Connecticut’s cannabis social equity funding and license approval is a dysfunctional workplace with no strategic plan, a state audit shows. After a nearly four-month investigation, the office of state Comptroller Sean Scanlon said the...
Marijuana advocates optimistic Florida will legalize adult-use sales
(This story is part of the cover package in the September-October issue of MJBizMagazine.) The slate of cannabis ballot referendums this November is headlined by Florida, the third-most-populous U.S. state, where voters will decide whether to legalize recreational...Featured
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