MJBizDaily
Federal marijuana rescheduling means institutional capital is coming to cannabis investing
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Boston-based marijuana firm Ascend Wellness closes $40 million funding round
Boston-based cannabis company Ascend Wellness has closed a $40 million funding round – capital the firm plans to use to build out its multistate footprint. Poseidon Asset Management, Salveo Capital,…
News December 7
Acreage inks $160 million acquisition of Oregon cannabis firm
Acreage Holdings has inked a $160 million deal to acquire Form Factory, a Portland, Oregon-based marijuana infused edibles manufacturer and distributor.
News December 7
Marlboro maker, Cronos join forces in exclusive CA$2.4 billion deal to tap global cannabis opportunities
Altria Group, one of the largest tobacco companies in North America, has agreed to invest 2.4 billion Canadian dollars ($1.8 billion) in Ontario-based cannabis producer Cronos Group - the most…
News December 7
Week in Review: Phony CA lab data, Utah gov signs medical marijuana bill & ex-Sweet Leaf execs jailed
The results of hundreds of marijuana lab tests in California are alleged to have been falsified, Utah’s governor signs a compromise medical cannabis bill, and two former executives from MJ…
News December 7
Key UN summit could lead to international rescheduling of cannabis
A crucial milestone for the global industry could be achieved this week, as the World Health Organization (WHO) presents its findings on cannabis to the Commission on Narcotic Drugs (CND)…
News December 6
Marijuana retailer MedMen facing potential class action lawsuit from former employees
One of the biggest names in cannabis retail, California-based MedMen, is facing a potential class action lawsuit from former employees that allege multiple labor law violations.
News December 6
In surprise move, Pennsylvania rejects medical cannabis research cultivators
Pennsylvania officials rejected all eight growers that planned to partner with medical schools to research medical marijuana. Those cultivators also would have been allowed to compete in the commercial market…
News December 6
Utah medical marijuana advocates challenge new compromise law in court
Advocates in Utah are suing to block a compromise agreement legalizing medical cannabis, saying it wrongly guts a measure approved by voters last month. The compromise bill, which was signed…
News December 6
Regulator warns Canadian marijuana firms against ‘problematic practices’
Canada’s stock market regulator warned publicly traded companies in emerging industries such as cannabis and fintech against “problematic promotional activities” that could artificially increase share prices and put investors at…
News December 6
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