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Report: Ex-Eaze CEO to be charged in cannabis payment-processing scheme

Federal prosecutors reportedly plan to charge a former CEO of California cannabis delivery platform Eaze in connection with a case accusing two businessmen of deceiving banks into processing $100 million…

News February 17
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Biden’s DOJ lawyers take IRS side in marijuana firm’s 280E fight

The Biden administration has weighed in on a U.S. Supreme Court marijuana petition, arguing that state-legal cannabis businesses can be investigated by the Internal Revenue Service for potential violations of…

News February 17
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Cannabis firm Agrify prices share offering to raise $75 million

Ancillary cannabis company Agrify priced an underwritten public offering to raise $75 million, less than a month after raising $54 million in an initial public offering. The Massachusetts-based developer of…

News February 17
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JW Asset, ex-athlete launch $100M fund for marijuana minority businesses

New York fund manager JW Asset Management is teaming up with former NBA All-Star Chris Webber to launch a planned $100 million private equity fund that will invest in underrepresented…

News February 17
Chart showing how Oregon's recreational cultivation is driven by two types of sales; processor and retailer.

Oregon marijuana firms enjoy booming market fueled by pandemic, consumers shunning illicit suppliers

Oregon recreational marijuana companies are enjoyable favorable economics not seen in years, with demand outpacing supply spurred by the COVID-19 pandemic and more consumers moving away from the illicit market…

News February 17
Cannabis oil

Transforming the cannabis concentrates market

A decade ago, I was spearheading company growth for Atlas Snowshoes, which had just invented and launched a modern snowshoe.

News February 17
Marijuana funding investments

Tuatara-backed SPAC raises $175 million to target cannabis acquisitions

Tuatara Capital Acquisition, a cannabis-focused special purpose acquisition company (SPAC), said it raised $175 million in an initial public stock offering with an option for its underwriters to purchase and…

News February 16
Zenabis cannabis

Hexo strikes deal to acquire Zenabis for CA$235 million, eyes European, Canadian cannabis markets

Ottawa, Ontario-headquartered cannabis producer Hexo Corp. on Tuesday entered a definitive agreement to buy struggling competitor Zenabis Global for 235 million Canadian dollars ($185 million) in stock.

News February 16
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Ontario accelerates cannabis store licensing to 120 per month

The cannabis store regulator in Canada’s largest recreational marijuana market has once again increased the pace at which it issues store licenses, from 20 per week to 30 per week.…

News February 16
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