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Cannabis financial services firm Safe Harbor cuts $1.2M liability in new deal

Cannabis industry finance company Safe Harbor Financial has eliminated $1.2 million of indemnity liability through a four-year extension and modification of its agreement with Partner Colorado Credit Union.

News January 8
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Colorado shut out of marijuana rescheduling hearings by ‘biased’ DEA, filing alleges

The U.S. Drug Enforcement Administration rejected a September request from Colorado officials to participate in the United States' historic marijuana rescheduling process.

News January 8
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Ohio recreational cannabis sales surpass $242 million in 2024

Ohio recreational cannabis retailers recorded $242.2 million in sales in 2024 - only five months after the state launched its adult-use market.

News January 7
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Finance experts mixed on prospects of marijuana capital infusion post-rescheduling

Finance experts disagree over the validity of rumors about a "wall of capital" entering the cannabis sector if marijuana is rescheduled.

News January 7
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Agrify sells cannabis cultivation business for $7 million

Cannabis company Agrify Corp. on Monday announced a deal to sell its cultivation operation for $7 million to an investment firm affiliated with former CEO Raymond Chang.

News January 6
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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.

News January 6
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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 in the country.

News January 6
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Marijuana goes national: 7 industry predictions for 2025

Here are seven MJBizDaily predictions for developments in 2025 that could impact the U.S. marijuana and hemp industries.

News January 6
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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.

News January 6
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