PharmaCann defaulted on several leases, cannabis REIT alleges
Cannabis real estate manager Innovative Industrial Properties (IIP) is claiming that multistate operator PharmaCann has defaulted on several of its leases across the country.
Cannabis real estate manager Innovative Industrial Properties (IIP) is claiming that multistate operator PharmaCann has defaulted on several of its leases across the country.
TerrAscend Corp., a Canadian-headquartered marijuana multistate operator with U.S. assets, said it withdrew $26 million from its $140 million loan to pay off higher-interest debt it holds in Michigan.
In a test case of the ongoing conflicts between federal and state marijuana statutes, a cannabis software firm wants a U.S. judge to override immigration authorities who denied an employee a visa on the grounds that his work “aided and abetted activities related to violations of federal drug laws.”
An adult-use marijuana legalization bill introduced Friday is the first bipartisan MJ reform bill to appear in the Pennsylvania House of Representatives.
TerrAscend Corp., a Canadian-headquartered cannabis operator with U.S. assets, has closed on a $140 million senior secured term loan from FocusGrowth Asset Management, a leading capital provider to the marijuana sector, and other members of a loan syndicate.
Pennsylvania state lawmakers passed an annual budget without the adult-use marijuana legalization – and accompanying revenue – that the governor had planned for.
Names floated as potential replacements for Democratic U.S. President Joe Biden have at least one thing in common: support for cannabis.