MJBizDaily
Why a cannabis business is betting on dogs to reach FDA approval
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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
Cannabis firm Cronos’ CEO gets CA$12 million-plus in partial-year pay
Canadian cannabis producer Cronos Group paid CEO Kurt Schmidt more than $10 million (12.2 million Canadian dollars) in salary and other compensation in 2020, according to the Toronto-based company’s recently…
News May 10
Marijuana MSO Trulieve buying Harvest Health in $2.1 billion mega-deal
Florida-based Trulieve Cannabis announced an agreement to acquire Arizona-based Harvest Health & Recreation in an all-stock deal valued at about $2.1 billion and touted as the largest U.S. marijuana transaction…
News May 10
California marijuana firm settles false-claims lawsuit for $300,000
California-based marijuana company CannaCraft agreed to pay $300,000 to settle a lawsuit brought by Sonoma County authorities over allegedly false claims that some of its products could have beneficial health…
News May 10
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