MJBizDaily
Congress barely understands hemp THC. Lawmakers should learn and regulate – not ban
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Multistate marijuana operator Cansortium nets $71 million of capital
Miami-based marijuana company Cansortium, which operates the Fluent brand, raised $71 million of capital in debt financing for financial liquidity and market expansion. The four-year senior secured loan will bear…
News April 30
Oklahoma judge suspends state’s cannabis seed-to-sale requirement
An Oklahoma judge ordered the 60-day suspension of a rule requiring medical cannabis businesses in the state to use the Metrc seed-to-sale tracking system that regulators had contracted for the…
News April 30
New Mexico revokes license of one of state’s 34 medical marijuana firms
State regulators in New Mexico yanked the business permit of Santa Fe-based New MexiCann Natural Medicine after an explosion and fire at one of its locations last October.
News April 30
Cannabis MSO Green Thumb raises $217 million in debt at 7% interest rate
Multistate cannabis operator Green Thumb Industries raised $217 million worth of funding by issuing senior secured debt at an interest rate the company described as “industry-leading.” Chicago-based Green Thumb said…
News April 30
Ontario Cannabis Store’s new ‘craft’ designation could help small producers
A new “Craft Cannabis” designation launched by the government-owned Ontario Cannabis Store (OCS), the sole online retailer of legal adult-use products in the province, features specific criteria that define the…
News April 30
Pros and cons of using a white-label service for marijuana products
In every marijuana product’s journey to market, business owners will need to decide whether to build a manufacturing operation from scratch or seek support from a partner.
News April 30
Cannabis sales decline in every large Canadian city in February
Retail sales of recreational cannabis declined in February from the previous month in every major Canadian city tracked by Statistics Canada, according to the latest data from the country’s federal…
News April 29
Marijuana ancillary firm Hydrofarm prices $269M offering, buys company
Hydrofarm Holdings Group, a distributor and manufacturer of hydroponics equipment and supplies, announced the pricing of a nearly $270 million public offering as well as an agreement to acquire a…
News April 29
SD high court hears arguments on adult-use cannabis measure
The South Dakota Supreme Court is moving closer to deciding whether to uphold a voter-approved amendment to legalize adult-use cannabis after hearing oral arguments Wednesday that focused on narrow constitutional issues.
News April 29
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