by Margaret Jackson | Jan 3, 2025 | News
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...
by Omar Sacirbey | Jan 3, 2025 | News
(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...
by Kate Lavin | Jan 2, 2025 | News
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...
by Chris Casacchia | Jan 2, 2025 | News
Total recreational cannabis sales in New York have eclipsed the $1 billion milestone since the adult-use market launched in 2022. That’s according to a New Year’s Eve announcement from Gov. Kathy Hochul’s office. ADVERTISEMENT Adult-use marijuana retailers...
by Margaret Jackson | Jan 2, 2025 | News
Marijuana multistate operator iAnthus Capital Holdings is buying Illinois vape brand Cheetah Enterprises in an all-stock deal valued at $1.5 million. The acquisition is key to iAnthus’ “ongoing strategy to elevate its portfolio” of marijuana brands and...
by Omar Sacirbey | Jan 2, 2025 | News
Instead of putting the finishing touches on their businesses in anticipation of Minnesota’s adult-use market launch early this year, cannabis license applicants instead face delays and uncertainty. But if entrepreneurs’ patience and capital lasts long enough to win a...
by Chris Casacchia | Dec 31, 2024 | News
(This story first appeared in the November-December issue of MJBizMagazine.) California cannabis brand Breez has stayed true to its core mission of providing access to medical marijuana patients and recreational consumers since it was established in 2015. That ethos...
by Chris Roberts | Dec 30, 2024 | News
(This story first appeared in the November-December issue of MJBizMagazine.) Ryan Clark was 19 years old with a baby on the way when the Tulare County (California) Sheriff’s office raided the hobbyist grower’s first small-scale commercial cannabis grow: a lone plant...
by Kate Lavin | Dec 27, 2024 | News
(This column first appeared in the November-December issue of MJBizMagazine. To be considered as an MJBizDaily guest columnist, please submit your request here.) The macroeconomic environment has a huge impact on cannabis investment opportunities. While recent years...
by Margaret Jackson | Dec 26, 2024 | News
(This story first appeared in the November-December issue of MJBizMagazine.) Keef Brands is tapping into the growing demand for cannabis-infused beverages. The Colorado-based company’s sales from January through August totaled $18.9 million – up 26% from $15...
by Omar Sacirbey | Dec 24, 2024 | News
(This story first appeared in the November-December issue of MJBizMagazine.) The executives behind New York cannabis infused products company Jaunty learned the hard way that even the best-laid plans can go awry because of the unexpected. The company – called...
by Chris Roberts | Dec 23, 2024 | News
Alabama’s controversial medical marijuana regulatory agency acted “properly” when it revoked cannabis business permits issued in 2023, an appeals court has ruled. However, the Alabama Court of Civil Appeals’ Friday ruling – which stemmed from a lawsuit brought...