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Massachusetts cannabis regulators catch THC potency inflation in recent sting
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Cannabis MSO MedMen raises $10M to aid financial-turnaround effort
Multistate cannabis operator MedMen Enterprises said Tuesday it raised $10 million in capital by amending a senior secured debt facility led by Gotham Green Partners.
News January 12
Multiple marijuana businesses sue Michigan city over licensing process
Ten marijuana companies filed suit against the Detroit suburb of Berkley, Michigan, in an attempt to overturn a license scoring process that left all of them without business permits. According…
News January 12
Organigram revenue stalls on erratic inventory, unfulfilled demand
New Brunswick-based cannabis producer Organigram continues to struggle, reporting lower sales and a bigger loss for its first quarter ended Nov. 30, 2020. Net revenue for the three-month period fell…
News January 12
German entrepreneurs find revenue opportunities in private cannabis market
As public health-insurance payouts for medical cannabis in Germany stagnate, entrepreneurs are focusing instead on the private health-care sector, where medical consultations and marijuana is paid for directly by patients.
News January 12
Are recreational marijuana sales in Illinois underperforming given the state’s large population?
While Illinois topped $1 billion in total cannabis sales in 2020 as consumers scooped up adult-use products, the new recreational marijuana market there might actually be underperforming when considering the…
News January 12
Colorado authorities issue recall of contaminated cannabis
Colorado regulators issued a recall of marijuana from Denver-based Veritas Cannabis, alleging yeast and mold issues.
News January 11
Marijuana MSO Curaleaf borrows $50 million via 3-year credit facility
Massachusetts-based multistate marijuana company Curaleaf Holdings is borrowing $50 million by way of a three-year secured revolving credit facility. The loan, announced Monday, will “be used to fund capital expenditures…
News January 11
SD governor defends lawsuit to overturn recreational cannabis legalization
South Dakota Republican Gov. Kristi Noem issued an executive order that indicated she is behind the effort to overturn voter-approved recreational cannabis legalization and that she has the right to…
News January 11
California marijuana regulatory merger on track for July
California Gov. Gavin Newsom’s 2020 proposal – to merge the three regulatory agencies that oversee the state’s marijuana industry into one new department – has finally been rescheduled and is…
News January 11
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