Marijuana financier Chicago Atlantic BDC secures $100 million credit line
Marijuana business financier Chicago Atlantic BDC closed a $100 million senior secured revolving credit line led by a Federal Deposit Insurance Corp.-insured financial firm. The loan matures in March 2028 and bears a secured overnight financing rate – a standard...
Massachusetts renews cannabis tracking contract with Metrc
Massachusetts renewed its contract with cannabis seed-to-sale software provider Metrc, an agreement the parties have had since the state’s first adult-use stores opened in 2018. Licensed operators can use Metrc’s radio frequency identification (RFID) and...
New Jersey proposal would weaken local control over recreational marijuana
Medical cannabis dispensaries in New Jersey could bypass local bans and start selling recreational marijuana without municipal approval if a bill recently introduced in the state Senate becomes law. If S4074 is passed, cannabis retail could proliferate across New...
5 utility-bill errors that prove costly for indoor cannabis growers
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) Electricity costs are the second-largest operational expense for indoor cultivation facilities – right after labor. If you’re like most...
Trump taps career DEA official to lead agency, oversee marijuana rescheduling
President Donald Trump’s choice to lead the U.S. Drug Enforcement Administration is Terrance Cole, a career DEA official currently serving as a top law enforcement official in Virginia. The appointment of a longtime DEA insider – which Trump announced midday...
Pharma giant Jazz dismisses final patent claim involving cannabinoid epilepsy drug
Global pharma company Jazz Pharmaceuticals has ended patent claims related to its cannabinoid-based epilepsy drug, Epidiolex. ADVERTISEMENT The Ireland-based company, according to Green Market Report, filed its 2023 patent-enforcement lawsuit against a dozen alleged...
Michigan governor floats extra 32% adult-use cannabis tax to fund roads
Michigan’s governor is suggesting taxing adult-use cannabis an additional 32% to fund a $3 billion infrastructure plan. The plan floated by Democratic Gov. Gretchen Whitmer would need to win approval from state lawmakers to become reality, according to the...
Colorado Springs can’t sidestep voters on recreational marijuana, judge rules
A district court judge has blocked the city of Colorado Springs from asking voters to repeal recreational marijuana sales they approved in November. An injunction issued Monday by 4th Judicial District Court Judge Hilary Gurney prohibits the city from asking voters to...
Australia’s medical cannabis revenue may outpace top EU markets, report shows
Outside North America, marijuana investors and business owners tend to focus on Germany, Poland and the United Kingdom as the major medical cannabis industry growth drivers. ADVERTISEMENT However, one market has the potential to outgrow them all and looks to be on...
Marijuana-infused chocolate experiencing seasonal sales spike
Winter is peak season for marijuana-infused chocolates, according to edibles manufacturers and Seattle-based cannabis data provider Headset. “January and February are our strongest chocolate sales months,” Christine Apple, founder and CEO of Oregon-based edibles...
GOP senators’ bill would keep 280E for cannabis operators permanently intact
Two Republican U.S. senators have introduced a bill that would continue to ban federal tax deductions for the cannabis industry – regardless of whether marijuana is rescheduled. According to Law360, James Lankford of Oklahoma and Pete Ricketts of Nebraska...Featured
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