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Canadian cannabis operator High Tide secures CA$15 million credit line
Canadian cannabis retailer and e-commerce platform provider High Tide has finalized a credit line of 15 million Canadian dollars ($10.9 million) from institutional creditors.
News August 8Nonpayment is No. 1 reason marijuana firms fail: Q&A with collection expert Brett Gelfand
Brett Gelfand of Cannabiz Collects and Cannabiz Credit Association offers best practices for plant-touching marijuana companies to break the cycle of debt and business failure.
News August 8Connecticut’s cannabis social equity group gets new executive director
The government body that manages social equity activity for Connecticut’s adult-use cannabis market, has a new executive director.
News August 7Marijuana MSO Jushi refinances $53 million loan
Jushi Holdings, a vertically integrated, marijuana multistate operator, refinanced a roughly $53 million senior secured credit facility.
News August 7Missouri regulators recall 2,600 cannabis products over improper testing
Missouri regulators recalled more than 2,600 cannabis products after discovering they weren’t properly lab-tested.
News August 7Ohio’s adult-use marijuana sales launch gets off to ‘really special’ start
Dozens of medical cannabis dispensaries in Ohio on Tuesday began selling adult-use marijuana products, ushering in a new era for the state and another potential billion-dollar market in the Midwest.
News August 7Oklahoma suspends cannabis processor for health violations, evading tracking
Oklahoma regulators suspended a major medical cannabis processor in the state for public-health and safety violations, including failing to accurately track products.
News August 6Harris’ vice president pick, Tim Walz, means a pro-marijuana Democratic ticket
Democratic presidential nominee Kamala Harris’ selection of Minnesota Gov. Tim Walz as her vice president on Tuesday is encouraging news for the $36 billion U.S. marijuana industry, advocates.
News August 6Casa Verde leads $2 million seed round for cannabis cultivation platform Growlink
Casa Verde Capital, a Los Angeles investment firm founded by entertainer Snoop Dogg, led a $2 million seed funding round for Growlink.
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