Safe Harbor lends $1.2M to Connecticut marijuana social equity retailer
Cannabis industry financial services firm Safe Harbor Financial says it and its partners have provided a $1.17 million loan to a forthcoming Connecticut marijuana retailer operating under the Higher Collective brand. The Higher Collective store planned for Bridgeport...
Assessing 5 state cannabis markets launched in the past year
Four states in the Northeast and Midwest launched adult-use marijuana sales in the past year, while one in the Deep South began medical cannabis sales. This roundup highlights key developments in the past 12 months in New York, Connecticut, Missouri and Maryland...
Alabama issues integrated licenses to 5 medical marijuana operators
Alabama regulators issued five integrated licenses to medical marijuana companies, finalizing the state’s small batch of initial permits for MMJ retailers, suppliers and processors. After hearing presentations last week, according to AL.com, the Alabama Medical...
New York regulators issue first cannabis product recall
New York issued what is believed to be its first cannabis product recall after the discovery that a single lot of gummies “did not undergo the required testing for consumer safety and product quality.” The product, “Jenny’s Zee Zee gummies, 2:1...
Marijuana MSO Curaleaf will list on Toronto Stock Exchange on Thursday
New York-based marijuana multistate operator Curaleaf Holdings will begin trading Thursday on the Toronto Stock Exchange (TSX). Curaleaf’s shares will trade as CURA on the Canadian exchange, according to a news release. ADVERTISEMENT The company’s senior...
Cannabis firm Canopy Growth set to consolidate shares
Canopy Growth Corp. is set to become the latest cannabis producer to consolidate its shares to maintain its listing on the Nasdaq exchange. The Canadian company’s board approved the share-consolidation plan on the basis of one post-consolidation common share for every...
2024 will arrive before Ohio lawmakers resolve adult-use marijuana law
Ohio state lawmakers are poised to finish 2023 without making promised changes to the adult-use marijuana legalization initiative voters passed in November. Instead, the Ohio General Assembly will enter 2024 with advocates, including existing industry operators,...
Judge denies injunction to halt Alabama medical cannabis licensing
A circuit court judge in Alabama denied a request to halt the issuance of medical cannabis licenses in the state. Judge James Anderson denied the temporary restraining order request by Alabama Always, an MMJ company seeking one of the state’s vertically integrated...
Marijuana advocacy group NORML shuts down in South Carolina
The South Carolina chapter of the National Organization for the Reform of Marijuana Laws (NORML) advocacy group is shutting down after seven years. The group lost four board members, including its treasurer, this year, making it difficult for the group to continue its...
Israeli cannabis patients surge, but new rules face delay
The number of new medical cannabis patients in Israel surged in November, according to the latest available data from the Ministry of Health. However, important regulations facilitating access for new patients are facing a potential three-month-long delay because of...
Scotts Miracle-Gro’s struggling Hawthorne seeks marijuana M&A deals
Scotts Miracle-Gro’s audacious $1.7 billion foray into the marijuana business over the past decade is a sensitive topic for the father-son team whose family helped build the lawn and garden giant. Scotts CEO Jim Hagedorn told MJBizDaily the hundreds of layoffs...Featured
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