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Cannabis awards are going mainstream. But does a win mean a sales boost?
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AFC Gamma expands Justice Cannabis loan to $75 million
Marijuana industry finance company AFC Gamma significantly boosted a loan to Chicago-based Justice Cannabis Co., increasing it from the $22 million figure announced in May to $75.4 million. Justice Cannabis…
News October 4
Report: Female, minority executives lose ground in marijuana industry
The percentage of executive positions held by women and minorities in the U.S. cannabis industry fell between 2019 and 2021, according to a new report now available from MJBizDaily.
News October 4
Cannabis firm Tilray awarded CEO $13.2 million in cash bonuses this year
Canadian marijuana producer Tilray paid CEO Irwin Simon cash bonuses totaling $13.2 million (16.7 million Canadian dollars) so far this calendar year, on top of granting the chief executive a…
News October 4
Former MedMen execs Bierman, Modlin file multiple lawsuits against new marijuana partners
The once-high-flying co-founders of MedMen Enterprises, Adam Bierman and Andrew Modlin, are back in the spotlight - this time for a new court battle. Or two.
News October 4
Cannabis consolidation in Michigan + benefits of tech investments
On Sept. 21, Skymint, one of Michigan's leading vertically integrated cannabis companies, completed a three-part transaction that included an equity raise, a debt raise and an acquisition.
News October 1
Cole Memo author joins National Cannabis Roundtable as adviser
The National Cannabis Roundtable announced the formation of a new advisory board this week, and its members include former Deputy U.S. Attorney General James Cole, the author of several influential…
News October 1
Another massive bust of illegal marijuana grows in California
California law enforcement officials this week announced two days worth of raids at several locations that produced the largest illegal marijuana grow operation in the history of the San Francisco…
News October 1
SPAC, Beau Wrigley’s Parallel scrap $1.9 billion marijuana deal to take firm public
Chewing gum heir William “Beau” Wrigley Jr.’s marijuana multistate company Parallel and music mogul “Scooter” Braun's Ceres Acquisition Corp. mutually called off their $1.9 billion blockbuster merger, gumming up Wrigley's plans…
News October 1
Oregon regulators suggest extending cannabis grow license pause until 2024
Oregon's cannabis regulatory agency is recommending state lawmakers continue a moratorium on new marijuana cultivation licenses until 2024.
News October 1
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