MJBizDaily

Image of Colt Power and Kim Flores sorting hemp-infused gummies at Power Biopharms in Euless, Texas.

Texas rejected a hemp THC ban. Why is the industry being regulated out of business?

Texas Gov. Greg Abbott said he wanted to regulate hemp THC, not ban it. The state's actions since tell a different story.

Jennifer Makris, Cannabis Cash Consultants/Courtesy photo

Latest Posts

Image of cannabis buds in the middle of Canadian cash

Cannabis producer Rubicon reports quarterly profit of nearly CA$900,000

Rubicon Organics reported a modest profit of 889,166 Canadian dollars ($656,000) in its fourth quarter ended Dec. 31, 2023, but the Canadian cannabis producer's loss for the fiscal year amounted…

News March 28

Image of $100 bills hanging on a cannabis plant.

Arizona sets record with nearly $1.5B in marijuana sales in 2023

Arizona cannabis retailers sold nearly $1.5 billion worth of recreational and medical marijuana in 2023, a record since the state launched adult-use sales in January 2021.

News March 28

Aerial image, at sunset, over the city of Hamilton, New Zealand, looking up the Waikato River

New Zealand cannabis company Cannasouth reviewing financial health

New Zealand medical cannabis company Cannasouth Limited has entered voluntary administration, a process that allows for an administrator to review and rearrange the financial affairs of insolvent or near-insolvent companies.

News March 28

Colorado marijuana growers can access more diverse genetics

Colorado’s marijuana cultivators now have freedom to procure genetics from a wider variety of sources.

News March 28

Image of Canadian money flying in the sky

Ontario eyes CA$600 million cannabis windfall, pledges online crackdown

Ontario’s provincial government is budgeting for a record windfall of more than 600 million Canadian dollars ($442 million) in the next fiscal year from cannabis wholesale profits and its portion…

News March 27

Image of the U.S. Capitol north wing, which houses the Senate

Republican senators oppose marijuana rescheduling based on global treaties

Moving marijuana to Schedule 3 of the Controlled Substances Act, as Biden administration health officials have recommended, violates U.S. promises to other countries.

News March 27

Sunset image, through two palm trees, of Miami skyline and bay

AFC Gamma provides $34 million to Sunburn Cannabis in debt capital

Marijuana industry lender AFC Gamma provided $34 million in debt capital to Florida-based dispensary operator Sunburn Cannabis.

News March 27

Image of cannabis buds sitting atop $100 bills

Ayr Wellness boosts Florida marijuana cultivation facility mortgage by $8.4M

Marijuana multistate operator Ayr Wellness is increasing by $8.4 million the size of an existing mortgage on a cultivation facility in Gainesville, Florida.

News March 27

Image of U.S. and Canadian flags next to each other

Canadian cannabis producer Organigram enters US, plans CA$25 million raise

Organigram Holdings has dipped into its strategic investment pool to pick up a minority stake in Roxboro, North Carolina-based Open Book Extracts as part of its plan to target emerging…

News March 27