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Diversity is not the same as equity in US cannabis industry
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For plant-touching marijuana companies, most lending options tied to property
When it comes to borrowing money, most roads in cannabis lead to real estate. Lenders look for assets, and few options exist for no-asset lending.
News February 1
Property ownership is key when looking for investors, cannabis cultivator says
Cannabis producer Lowd is building out a new facility near Portland, Oregon. CEO Jesce Horton is glad the company maintained property ownership.
News February 1
House Republican reintroduces bill to reschedule marijuana
A Republican U.S. representative from Florida reintroduced legislation that would reclassify marijuana under federal law.
News January 31
Wisconsin gov’s cannabis legalization plans might slow MMJ progress
A top Wisconsin legislator is pumping the brakes on the governor's plans to legalize both medical and recreational cannabis in the state, claiming legislators are still in the early stages…
News January 31
Virginia lawmakers advance 2 marijuana bills in divided Legislature
Legislators in Virginia advanced two marijuana bills that would establish adult-use sales in 2024 and allow licensed businesses to take tax deductions prohibited under federal tax code.
News January 31
Cannabis retailer High Tide sees sales double, inks deal with Germany’s Sanity
Calgary, Alberta-based High Tide lost 52.5 million Canadian dollars ($38 million) in its quarter ended Oct. 31, driven largely by noncash impairment charges of CA$48.6 million related to e-commerce platforms.
News January 31
Another court rules against Colorado marijuana business’ IRS challenge
A federal appeals court affirmed that the U.S. Constitution does not protect Colorado medical marijuana dispensary Standing Akimbo from IRS requests to see the company’s business records.
News January 31
Former California industry leader Flow Cannabis Co. ‘mothballed’ as it seeks to ‘survive’
Flow Cannabis Co., the California operator that raised nearly $200 million in a bid to become “the Whole Foods of cannabis," has "eliminated" all plant-touching activities and “mothballed” operations after…
News January 31
Massachusetts adult-use marijuana sales top $4 billion since launch
Marijuana retailers in Massachusetts have eclipsed $4 billion in sales since the state launched adult-use retail in November 2018.
News January 30
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