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Marijuana REIT IIP provides $45 million in funding to PharmaCann in New York
Marijuana real estate investment trust Innovative Industrial Properties announced $45 million worth of funding to privately held multistate cannabis operator PharmaCann to expand its New York facility.
News April 29
Virginia lawmakers buck governor on delta-8 THC ban, smokable hemp
Last-minute political sparring over marijuana crimes appears to have prevented new limits on the cannabis industry in Virginia.
News April 29
Canadian cannabis producer Hexo appoints new CEO, CFO yet again
Major Canadian cannabis company Hexo Corp. appointed its third chief executive in less than a year and its sixth chief financial officer since 2019.
News April 29
As more states legalize marijuana, CBD retailers face an identity crisis
Legal and lightly taxed, CBD operators have enormous business advantages compared to their colleagues growing and selling high-THC cannabis and its extracts. But how will they fit in the overall…
News April 29
Michigan cannabis company Fluresh arranges $48M in new debt, refinancing
Vertically integrated Michigan cannabis operator Fluresh announced $25 million in new debt from an unspecified "federally regulated commercial bank headquartered in southeast Michigan," alongside a $23 million debt refinancing from…
News April 28
New Jersey shoppers spend $1.9 million on first day of adult-use marijuana sales
Customers who stood in long lines for the start of adult-use marijuana sales in New Jersey on April 21 bought about $1.9 million worth of cannabis and related products.
News April 28
Kentucky governor OKs cannabis research center, weighs MMJ legalization
Kentucky Democratic Gov. Andy Beshear broadened the scope of a cannabis research center approved by lawmakers while still considering using executive authority to legalize medical marijuana
News April 28
Denver marijuana company’s dispute with union highlights PR pitfalls
A new Colorado law that allows agricultural workers, including cannabis grow employees, to unionize has led to a public relations crisis for one Denver marijuana company, with staffers and union…
News April 28
Canadian cannabis retailer Choom granted creditor protection
Struggling Canadian cannabis retailer Choom Holdings and its subsidiaries received an order for creditor protection from the Supreme Court of British Columbia.
News April 27
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