Rescheduling, Farm Bill trigger cannabis industry lobbying blitz
Encouraged by the first tangible steps toward federal marijuana reform in a generation – and threatened by hemp-derived competitors – MJ companies are spending more than ever to win friends and influence lawmakers in Congress, an analysis of federal...
Trump touches on legal marijuana, says he’ll weigh in ‘soon’ on Florida adult use
Donald Trump, the Republican nominee for the 2024 presidential election and a Florida voter, said during an extended news conference he’ll weigh in “fairly soon” on the Sunshine State’s adult-use marijuana legalization effort. But while the 45th president...
Alabama to award 2 medical cannabis grow licenses despite stalled process
Alabama regulators will issue business licenses to two medical cannabis cultivators based on the recommendation of an administrative law judge. The approvals of permits on Thursday for Blackberry Farms and Pure by Sirmon Farms comes at a time the state’s...
Kentucky asks medical marijuana license applicants to create extensive plans
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) With the passage of Senate Bill 47, which legalized medical cannabis in the state, Kentucky is now on its way to becoming America’s next MMJ...
Cannabis MSO Curaleaf swaps CEOs, stakes out new 280E tax position
Boris Jordan, a longtime leading figure at Curaleaf Holdings and the marijuana multistate operator’s executive chair, is now taking on the role of CEO. New York-based Curaleaf announced Jordan’s elevated role during its quarterly earnings call on Wednesday –...
Michigan outlines penalties for violators of marijuana business rules
Marijuana businesses in Michigan now will have a better idea of the penalties they might face for violating state regulations. The state’s Cannabis Regulatory Agency (CRA) recently released a “disciplinary schedule” of different types of marijuana business...
Canadian cannabis operator High Tide secures CA$15 million credit line
Canadian cannabis retailer and e-commerce platform provider High Tide has finalized a credit line of 15 million Canadian dollars ($10.9 million) from institutional creditors. The debt financing, according to a news release, was issued at $900 per debenture, a type of...
Nonpayment is No. 1 reason marijuana firms fail: Q&A with collection expert Brett Gelfand
Michigan isn’t just competing with California for regulated recreational marijuana sales. Operators in Michigan’s regulated adult-use market also rival those in California for most unpaid invoices, according to Brett Gelfand, managing partner at St. Petersburg,...
Connecticut’s cannabis social equity group gets new executive director
The government body that manages social equity activity for Connecticut’s adult-use cannabis market, has a new executive director. Brandon McGee, a former state representative who worked on Democratic Gov. Ned Lamont’s reelection in 2022, replaces Ginne-Rae Clay...
Marijuana MSO Jushi refinances $53 million loan
Jushi Holdings, a vertically integrated, marijuana multistate operator, refinanced a roughly $53 million senior secured credit facility. According to a news release from the Boca Raton, Florida-based company, the refinancing was accomplished through: The issuance of a...
Missouri regulators recall 2,600 cannabis products over improper testing
Missouri regulators recalled more than 2,600 cannabis products after discovering they weren’t properly lab-tested. According to a Tuesday notice from the Missouri Division of Cannabis Regulation, the 2,649 products sold under the Twenty Twenty brand – including...Featured
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