Canopy Growth prepares to raise $250 million for marijuana investments
Days after exercising an option to acquire a U.S.-based marijuana multistate operator, onetime billion-dollar cannabis giant Canopy Growth Corp. is planning to raise up to $250 million (341.7 Canadian dollars) via an at-the-market (ATM) equity program. The Smiths...
Missouri picks 48 cannabis microbusiness applicants in second lottery round
Forty-eight applicants in Missouri have been chosen in the second round of a licensing lottery to receive cannabis microbusiness permits. The lottery drawing Tuesday selected the winners of 33 microbusiness wholesale licenses and 24 microbusiness retail permits....
North Carolina tribe could launch adult-use marijuana sales in 30-75 days
A Native American tribe in North Carolina that began medical marijuana sales less than two months ago now is preparing to launch an adult-use market. The Eastern Band of Cherokee Indians’ Tribal Council voted Thursday to amend Tribal Code to allow the sale of...
Is manufacturing the easiest way to enter the cannabis industry?
(This story was updated at 1:51 p.m. ET to include additional details and comments from Carma HoldCo’s Adam Wilks.) Cannabis executives often view manufacturing as the sector with the most potential for launching a new brand or expanding into multiple states....
House finance bill would create adult-use sales in DC, marijuana banking
Adult-use marijuana sales could finally begin in Washington, D.C., under a federal budget bill that a Republican-controlled House of Representatives subcommittee approved Wednesday. The Financial Services and General Government Bill also includes nationwide...
Cannabis MSO Acreage aims to raise $10 million amid ‘deteriorating’ finances
A day after Canadian cannabis company Canopy Growth Corp. exercised its option to acquire Acreage Holdings, the American multistate operator announced a private placement with institutional investors to raise $10 million. The offering, priced at $833 per unit, is...
Ohio medical marijuana dispensaries get preview of adult-use license application
Ohio’s 132 medical marijuana dispensaries can’t begin applying for licenses to sell adult-use products until Friday, but they’ve already gotten a sneak peek at the application. According to Cleveland TV station WJW, the application for licenses to...
California cannabis product recalls are on the rise
California regulators are initiating more cannabis product recalls and health warnings to consumers. In the past month alone, the Department of Cannabis Control (DCC), the state’s chief marijuana regulator, has issued six product recalls and the California Department...
South Dakota voters get another chance to approve adult-use cannabis
Will the third time be the charm or the final strike in November, when South Dakota voters weigh in on legalizing the possession, use and cultivation of cannabis by adults? The issue will become clearer in South Dakota’s upcoming general election, after the...
Canopy Growth exercises option to acquire US marijuana operator Acreage
Canadian cannabis company Canopy Growth Corp. exercised its option to acquire American marijuana multistate operator Acreage Holdings. Canopy USA, Canopy Growth’s U.S.-domiciled holding company, will acquire all of Acreage’s fixed shares and floating...
Wana’s Nancy Whiteman shares 14 years of cannabis business lessons
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) In recognition of the recent announcement that I am stepping down as Wana Brands’ CEO, MJBizDaily was kind enough to offer me the opportunity to...Featured
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