Cannabis MSO lands in receivership over $210 million debt to lender
This story has been updated to add further comment from TerrAscend. Less than a year after announcing its plans for a “strategic exit” from Michigan’s low-margin market, cannabis multistate operator TerrAscend is in receivership in the state over an outstanding $210...
Hemp THC regulation is inevitable, not a ban. Here’s how operators can prepare.
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) Hemp-derived cannabinoids grew into a $28 billion market while operating in a gray area. This created opportunities, but also confusion and...
Virginia governor explains shock rejection of cannabis retail market
Rather than launch a $1 billion cannabis market that might have problems, Virginia Gov. Abigail Spanberger would prefer no legal retail sales at all. Concerns over a “rushed” launch that could repeat “the mistakes of other states” – plus a belief that Virginia was...
New Massachusetts cannabis czar takes over $1.65 billion industry
Massachusetts Gov. Maura Healey on Tuesday named former state Revenue Commissioner Christopher Harding chair of a reshaped, three-member Cannabis Control Commission. Harding replaces Shannon O’Brien, who was briefly reinstated as Massachusetts’ top cannabis...
Organigram CEO sees Germany as launchpad for European expansion
Key points: Germany is Canadian licensed producer (LP) Organigram’s launchpad for broader European expansion. The German market is attractive because medical cannabis demand is rising fast. Telemedicine and pharmacy access are lowering barriers for German...
‘Reckless’ 280E gamble backfires as feds demand millions from cannabis MSO
This story has been updated to add comment from TerrAscend USA. Key points: The U.S. Justice Department is seeking $8.3 million plus interest from cannabis multistate operator TerrAscend USA for an “erroneous” refund it received after filing an amended tax...
Cannabis markets worldwide are feeling price compression, oversupply pressures
If you thought dropping cannabis prices were just a headache for the U.S. and Canada, think again. The same challenges of oversupply, shrinking margins and falling prices are starting to ripple through Europe and Latin America as cannabis markets in those countries...
Shock veto upends Virginia adult-use cannabis retail launch
In a stunning reversal that means a new billion-dollar adult-use cannabis market may not open until 2028, Virginia Gov. Abigail Spanberger on Tuesday vetoed a bill that would have finally launched recreational sales in the South – one that she’d initially promised to...
Cannabis lending to expand as ‘institutional capital’ sinks $60 million into FundCanna
An unnamed but major player in “institutional capital” has agreed to invest up to $60 million into a California-based cannabis lender, according to an announcement Tuesday. San Diego-based FundCanna declined to disclose the entity that provided the $60...
Can regenerative farming save outdoor cannabis cultivation?
Key points: Regenerative cannabis farmers focus on cultivating in native soil with natural inputs. Higher product quality allows for premium pricing. Cooperative models help small producers increase visibility and access. But success depends on connecting with...
Minnesota lawmakers ‘tweak’ cannabis laws to create new category, boost hemp THC
Minnesota’s modest adult-use cannabis industry is not yet a year old, but lawmakers are already making tweaks with an eye toward “opening up a little more opportunity” for license-holders – including marijuana social equity as well as hemp THC businesses. Lawmakers in...Featured
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