Finance experts mixed on prospects of marijuana capital infusion post-rescheduling
Reaching consensus on hotly debated issues is rare in the cannabis space, especially when it comes to potential ramifications of marijuana rescheduling. Some industry experts, such as cannabis hedge fund manager Patrick Rea, are optimistic that a wall of capital will...
Agrify sells cannabis cultivation business for $7 million
Agrify Corp. is selling its cannabis cultivation operation for $7 million to an investment firm affiliated with the company’s former CEO, Raymond Chang. According to a Monday news release, the Troy, Michigan-based operator sold the unit to CP Acquisitions, which...
Marijuana operator Canopy USA appoints Jorgensen as first president
Canopy USA, the American-based holding company of Canadian marijuana operator Canopy Growth Corp., has appointed M. Brooks Jorgensen as the fledgling entity’s first president. Jorgensen, a cannabis and alcohol beverage industry executive with more than 25 years...
Canadian cannabis operator Entourage inks deal to go private
Canadian cannabis company Entourage Health Corp. plans to go private in a deal with its primary investor and lender, a major pension fund. According to a purchasing agreement with 1001007762 Ontario, the affiliate of LIUNA Pension Fund of Central and Eastern Canada...
Marijuana goes national: 7 industry predictions for 2025
Sometime in 2025, the IRS could stop taxing state-regulated marijuana companies like cocaine kingpins. As a bonus, licensed marijuana operators might no longer compete with mainstream retailers selling intoxicating THC products that meet the federal definition of...
Nevada’s Titus, Minnesota’s Omar take over Congressional Cannabis Caucus
Marijuana reform’s new leaders in the U.S. Congress are Democratic U.S. Reps. Dina Titus of Nevada and Ilhan Omar of Minnesota. The women will take over as co-chairs of the Congressional Cannabis Caucus from their retiring predecessors, Oregon Rep. Earl Blumenauer and...
Fight over disputed Arkansas medical marijuana permit escalates
A long-running dispute over one of Arkansas’ medical marijuana cultivation permits is escalating after a second court found regulators improperly awarded one of the licenses. At issue is the license awarded to Fort Smith-based River Valley Relief, one of eight...
Cannabis operator Stiiizy says customer records acquired during data breach
Los Angeles-based cannabis operator Stiiizy said this week that a cybercrime group accessed some retail customer data when its point-of-sale vendor experienced a security breach around Oct. 10-Nov. 10, 2024. Identifying details included on government-issued ID cards...
Marijuana MSO Vireo Growth raises $81M in oversubscribed funding round
Marijuana multistate operator Vireo Growth raised $6 million more than it hoped for in a private placement offering that closed Dec. 30. The Minneapolis-based company initially planned a $75 million equity raise but instead raised about $81 million, according to a...
What cannabis investors should watch for in 2025
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) While 2024 brought its share of volatility, regulatory uncertainty and market pressures for the cannabis industry, this year offers potential...
Hawaii governor protects medical marijuana caregivers with executive order
Caregivers in Hawaii who provide medical marijuana access to qualified patients will be protected under an executive order signed by the governor. The executive order that went into effect Wednesday is intended to act as a bridge after the existing caregiver program...Featured
1
Latest Sponsored
