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Driven by Stem acquires Oregon marijuana business for $2.9 million

Marijuana multistate operator Driven by Stem acquired Oregon cannabis extraction company Artifact Extracts in a $2.925 million deal that includes two retail stores. The all-stock translation closed Sept. 17 with…

News September 20
A chrart showing the cost of debt declining for large cannabis MSOs with some recent loans.

Marijuana MSO debt costs fall, but capital issues linger for smaller firms

Large marijuana multistate operators are enjoying lower loan interest rates these days, thanks to stronger balance sheets and the industry's increasing stability as more states legalize MJ and federal reform…

News September 20
Clubhouse, TikTok social media

Cannabis companies checking out business benefits of new social media platforms

The cannabis industry is in the early stages of figuring out how to talk, joke or maybe even dance its way to success on the burgeoning social media apps Clubhouse…

News September 19
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Proposed changes to Michigan cannabis caregiver rules spur protest

A series of bills introduced this month in the Michigan Legislature - and supported by large marijuana businesses - was met with a wave of backlash from angry medical cannabis…

News September 17
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Marijuana company Hexo achieves carbon-neutral goal

Canadian cannabis producer Hexo Corp. has reached its target to become carbon neutral within three months, the company announced.

News September 17
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New York officials ‘shocked’ by cannabis MSO Vireo’s electrical needs

Marijuana multistate operator Vireo Health reportedly needs more electricity for its new New York cultivation and processing facility than the technology park can provide.

News September 17
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More California marijuana companies sue state over revoked licenses

At least four California marijuana companies have sued the state after regulators revoked their provisional business licenses, alleging they were treated unfairly and not allowed to appeal the revocations to…

News September 17
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Ohio to allow medical marijuana growers to expand operations

Ohio regulators will allow medical marijuana growers to request expansion of their cultivation operations.

News September 16
marijuana deal

Acreage exits Oregon by selling cannabis stores for $6.5 million

Marijuana multistate operator Acreage Holdings agreed to sell four Oregon retail stores for $6.5 million, a transaction that completes the sale of the MSO's facilities in the state as it…

News September 16
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