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Cannabis industry encouraged as DEA marijuana rescheduling hearings conclude
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New Jersey awards 18 annual adult-use cannabis business permits
New Jersey regulators approved the first 18 annual adult-use cannabis business licenses for the state's marijuana market.
News October 27
Marijuana MSO Verano refinances $350 million credit facility
Marijuana multistate operator Verano Holdings refinanced its existing $350 million credit facility from cannabis industry real estate lender Chicago Atlantic.
News October 27
Hemp product manufacturer Bloomios acquires gummy maker for $23.5 million
California-based Bloomios, a white-label and private-label hemp product manufacturer, acquired gummy maker Infusionz for $23.5 million.
News October 27
Cannabis producer Cronos fined CA$1.3 million by Ontario securities regulator
Canadian cannabis producer Cronos Group has been slapped with sanctions, including an administrative penalty of 1.3 million Canadian dollars ($960,000), for improperly recognizing CA$7.6 million in revenue in its 2019…
News October 27
Debt financing eclipses equity in US marijuana cultivation and retail fundings
Capital raises in the U.S. marijuana industry are down nearly 65% this year versus 2021, but lower stock prices and more creditworthy cannabis companies mean debt financing is now the…
News October 27
Nasdaq objects to Canopy plan to consolidate US cannabis revenue
The Nasdaq stock exchange objects to Canopy Growth’s plan to eventually consolidate the financial results of Canopy USA, according to a regulatory filing by the Canadian company with the U.S.…
News October 26
Marijuana operator Curaleaf accused of wrongly terminating Pennsylvania lease
Pennsylvania real estate company Regent Development is suing Curaleaf Holdings, alleging the marijuana multistate operator breached a lease agreement on a commercial property.
News October 26
Germany’s proposed adult-use cannabis legalization plan excludes imports
The German government published key details of its plan to legalize and regulate adult-use cannabis, including what Health Minister Karl Lauterbach described as “complete” cultivation within the country.
News October 26
DC visitors may buy medical marijuana without out-of-state registrations
Washington DC is now allowing visitors to buy medical marijuana without an out-of-state MMJ registration, a change that could increase business for dispensaries in the district.
News October 26
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