MJBizDaily
Congress barely understands hemp THC. Lawmakers should learn and regulate – not ban
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Blockbuster Trulieve-Harvest deal could revive cannabis megamergers
After several months of smaller, more focused transactions, Florida-based Trulieve’s $2.1 billion deal to acquire Harvest Health & Recreation could mark a resurgence in cannabis megamergers, industry experts say.
News May 11
Marijuana producer Pure Sunfarms reports small quarterly sales growth
Canadian marijuana producer Pure Sunfarms reported a small increase in net sales in the January-March quarter compared to the preceding three months, bucking an industry trend in which most large…
News May 11
Verano nets $100 million in upsized loan to support cannabis moves
Illinois-based Verano Holdings entered into an amended $130 million loan agreement that provides the multistate cannabis operator an additional $100 million of funding at an annual interest rate of 9.75%.…
News May 11
Marijuana MSO Holistic Industries raises $55 million for expansion
Holistic Industries, a vertically integrated multistate marijuana company operating in six U.S. markets, secured a $55 million convertible note, nearly doubling a $30 million fundraising goal the company set in…
News May 11
Cannabis firm Tilray reports $341 million net loss in last stand-alone quarter
Tilray’s recreational and medical cannabis revenue plunged in the final quarter before its merger with Aphria went into effect May 3, and the company recorded a net loss of nearly…
News May 11
Canada’s role in making hemp viable in car-building: Q&A with Aptera’s Nathan Armstrong
It’s common lore in the hemp industry: Henry Ford made a car out of hemp, but then anti-cannabis hysteria and a malevolent steel industry squashed the plant’s potential as an…
News May 11
Marijuana industry expected to add $92 billion to US economy in 2021
From jobs to tax revenue to commercial real estate, the marijuana industry has a large – and growing – impact on the broader economy in the United States. The total…
News May 11
Two California officials sentenced to two years in marijuana corruption case
Two former California city officials were each sentenced to two years in prison for accepting $35,000 in cash bribes in January 2020 in exchange for ensuring that a marijuana dispensary…
News May 10
Marijuana legalization outlook: Alabama yes, but Kansas unlikely
Alabama is poised to become the 39th state in the nation to legalize a medical cannabis market after lawmakers in the Deep South state passed a landmark but restrictive measure…
News May 10
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