Marijuana MSO Cresco Labs exits Arizona, secures mortgage in New York
Marijuana multistate operator Cresco Labs has exited Arizona by selling its only asset in the state, Encanto, for $6.5 million in cash to Mint Cannabis. Leaving the Arizona cannabis market “aligns with our strategy of optimizing our portfolio by prioritizing...
Demand for seasonal cannabis harvest workers surges after industry layoffs
Competition to secure seasonal workers for this year’s outdoor cannabis harvest has been fiercer than ever, according to executives at recruitment companies. Many marijuana cultivators have reduced their full-time workforce in recent years in response to inflationary...
North Carolina tribe to launch medical marijuana sales
A Native American tribe in North Carolina this week plans to issue the state’s first medical marijuana cards. The Eastern Band of Cherokee Indians (EBCI) will first start issuing MMJ cards for enrolled tribal patients, then will allow other North Carolina residents to...
Oregon cannabis trade associations agree to merge
The boards of the Oregon Cannabis Association (OCA) and the Cannabis Industry Alliance of Oregon (CIAO) have voted unanimously to merge the two organizations. The merger is effective immediately, according to a Tuesday news release. ADVERTISEMENT The new entity, which...
Marijuana operator gets $22M in loans from Minnesota governmental agencies
Hwy35, a Missouri-based marijuana operator, secured $22 million in funding from two state agencies in Minnesota as well as a municipality. The money will be used “to establish a state-of-the-art cannabis cultivation and manufacturing facility” in Grand...
From weed to orchids: Canadian growers turn to new crops amid cannabis glut
(This story has been updated with Health Canada comment.) Some of Canada’s largest cannabis cultivators are turning to vegetables, fruits and orchids to bolster their bottom line as macroeconomic fundamentals continue to challenge the struggling industry. The latest...
Arkansas marijuana cultivator appeals $15,000 fine, license suspension
An Arkansas marijuana cultivation facility is appealing a fine and license suspension stemming from neighbors’ complaints to the state’s Alcoholic Beverage Control (ABC) about odor, lights and other issues. The ABC fined Hot Springs-based Leafology $15,500...
Cannabis farms in Newfoundland ineligible for agriculture funding
(This is the latest installment in a series about government funding available for Canadian cannabis businesses. The previous installment is available here.) Cannabis cultivators operating in Newfoundland and Labrador are ineligible to receive funding under the...
New York extends marijuana business license application window
New York regulators have extended the application window by two weeks for hundreds of marijuana business licenses. The state’s Cannabis Control Board at a meeting Tuesday pushed the deadline to apply for non-provisional retail and microbusiness licenses to Nov. 17,...
Wyoming medical cannabis effort ending amid controversy
A coalition pushing the legalization of medical cannabis in Wyoming appeared to have had enough support this spring to qualify voter initiatives for the state’s November 2024 ballot. But organizers say they received unclear direction from state elections...
Marijuana MSO 4Front Ventures takes out $10M loan for Illinois operations
Multistate marijuana company 4Front Ventures Corp. obtained a $10 million senior secured credit facility, which will be put toward its expanding retail operations in Illinois. The loan from an affiliate of Altmore Capital will be issued in two tranches and matures on...Featured
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