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Diversity is not the same as equity in US cannabis industry
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Metrc threatens to close accounts of Michigan cannabis firms over late payments
Track-and-trace software provider Metrc is threatening to shutter the accounts of what could be dozens of Michigan cannabis companies over missed monthly payments, creating turmoil in the roughly $2 billion…
News March 1
Marijuana MSO MariMed appoints CEO, board chair
Massachusetts-based marijuana multistate operator MariMed appointed Jon Levine as permanent chief executive officer and Edward Gildea as chair of the board of directors.
News March 1
Cannabis lender Chicago Atlantic extends credit facility by one year
Cannabis real estate financing company Chicago Atlantic Real Estate Finance extended its $92.5 million secured revolving credit facility by an additional year.
News March 1
Marijuana firm Bright Green’s immigrant fundraising plan draws scrutiny
Nasdaq-traded marijuana company Bright Green Corp. is again attracting scrutiny and questions, this time for its audacious plan to raise $500 million through a federal investment program that targets immigrant…
News March 1
Cannabis producer Cronos Group ends year with $168.7 million loss
Canadian cannabis producer Cronos Group lost $78.9 million in its fourth quarter ended Dec. 31, bringing the company's net loss for the year to $168.7 million.
News February 28
Virginia lawmakers pass tough delta-8 THC restrictions
Virginia lawmakers approved tough new restrictions on products containing the controversial hemp-derived cannabinoid delta-8 THC.
News February 28
Synthetic cannabinoid maker Nalu Bio raises $12 million
Nalu Bio, a producer of synthetic cannabinoids, said it raised $12 million in a Series A funding round led by Intrinsic Capital Partners, a Pennsylvania-based investment firm focused on life…
News February 28
Canadian government’s cannabis duty surpasses CA$1 billion since 2018
Canada's federal government has assessed more than 1 billion Canadian dollars ($740 million) in total duty on cannabis products since they were legalized for recreational use in 2018, according to…
News February 28
Guyatt resigns as CEO of Canadian marijuana producer Phoena
Greg Guyatt resigned from his position as CEO of Canadian cannabis producer Phoena “to pursue new challenges,” the Vaughan, Ontario-based company announced.
News February 27
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