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Hexo, Tilray finalize cannabis deal for debt purchase, ‘strategic alliance’
Major Canadian cannabis producers Hexo and Tilray Brands signed a definitive agreement for a "strategic alliance," with Tilray acquiring Hexo debt in exchange for the right to purchase Hexo shares.
News April 12
New Jersey gives adult-use marijuana green light to 7 multistate operators
More than a half-dozen existing medical marijuana operators in New Jersey - all large multistate operators - soon will be launching the state’s projected billion-dollar adult-use market.
News April 11
Cannabis MSO TerrAscend expands in Maryland with $11.7 million deal
TerrAscend entered a definitive agreement to acquire a Maryland medical cannabis dispensary for $11.7 million, a deal that will enable the multistate operator to complete a vertical operation in the…
News April 11
Massachusetts marijuana social equity bill passes state Senate
A Massachusetts bill that would create a fund to help marijuana social equity applicants access capital passed the state Senate.
News April 11
Cannabis lender Pelorus closes second tranche of $77.3M Harborside financing
Cannabis industry real estate lender Pelorus Equity Group closed the second tranche of its $77.3 million loan to California marijuana company Harborside.
News April 11
Schumer’s marijuana reform bill poised to fail without more GOP support
U.S. Senate Majority Leader Chuck Schumer has a seemingly unsolvable puzzle on his desk when it comes to federal marijuana reform. He doesn’t have enough support in his own party…
News April 11
Arizona issues 26 social equity cannabis business licenses
The Arizona Department of Health Services awarded 26 coveted social equity cannabis business permits during a long-awaited license lottery.
News April 11
Marijuana industry will add nearly $100 billion to US economy in 2022
When considering whether to approve a regulated marijuana industry, advocates often tout the broader economic benefits of the additional tax revenue created. But the beneficial impact exceeds just tax dollars.
News April 11
Kentucky governor considers taking action on medical cannabis legalization
Kentucky's governor said he might issue an executive order to make medical cannabis accessible if an MMJ legalization bill doesn't make it to his desk for his signature.
News April 8
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