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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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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.

News January 3
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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.

News January 3
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Marijuana MSO Vireo Growth raises $81M in oversubscribed funding round

Cannabis multistate operator Vireo Growth raised $6 million more than it hoped for in a private placement offering that closed Dec. 30.

News January 3
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