Cannabis company MariMed refinances debt with $58.7 million loan
Cannabis multistate operator MariMed secured a new 10-year loan worth $58.7 million, most of which will be used to refinance existing debt at an unspecified lower interest rate.
Massachusetts Medical Cannabis News
Cannabis multistate operator MariMed secured a new 10-year loan worth $58.7 million, most of which will be used to refinance existing debt at an unspecified lower interest rate.
Shawn Collins is resigning Dec. 4 as executive director of Massachusetts’ Cannabis Control Commission, ending months of uncertainty surrounding the agency’s leadership.
Four marijuana companies, including a multistate operator, have filed a lawsuit against U.S. Attorney General Merrick Garland in which they allege the federal MJ prohibition under the Controlled Substances Act is no longer constitutional.
When Massachusetts-based multistate operator MariMed decided to launch a delivery service in its home state two years ago, company executives started studying other cannabis carrier services to become experts on the subject.
Marijuana multistate operator Curaleaf Holdings has terminated an unspecified number of employees in another round of layoffs.
The Massachusetts Cannabis Control Commission appointed an acting executive director to take over for Shawn Collins, who is on parental leave until December.
Shannon O’Brien, the suspended chair of the Massachusetts Cannabis Control Commission, dropped her lawsuit seeking to block the suspension after being granted a hearing over the matter.