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Massachusetts cannabis regulators catch THC potency inflation in recent sting
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Marijuana MSO Cresco Labs doubles loan size to $200 million
Multistate marijuana operator Cresco Labs has extended the maturity of a senior secured loan and boosted the size of the debt funding to the maximum $200 million. The Chicago-based company…
News December 14
Hexo doubles down on cannabis beverages, cuts loss to CA$4.2 million
Canadian cannabis producer Hexo Corp. reported a net loss of 4.2 million Canadian dollars ($3.2 million) for the quarter ended Oct. 31, 2020, a significant improvement over the company’s CA$170…
News December 14
How passage of the SAFE Banking Act could impact cannabis businesses
The SAFE Banking Act is nearing the finish line in the U.S. Congress, and many expect it to become law sometime in the near future. The main question is when.
News December 14
Marijuana businesses must perfect customer experience for coronavirus-spurred preorders
This spring, the coronavirus pandemic turned the traditional retail model on its head—and marijuana retailers and dispensaries were no exception.
News December 13
Weedmaps investor document notes federal probe into cannabis businesses is ‘unresolved’
In an investor presentation filed this week with U.S. securities regulators, the parent company of Weedmaps disclosed that a federal investigation into the marijuana industry that involves the cannabis advertising…
News December 11
Canada launches new cannabis consultations on beverages, labeling and research
Canada's federal cannabis regulator is launching new consultations that signal future changes to marijuana possession equivalency limits, including higher possession caps for cannabis beverages.
News December 11
UK reveals it’s withholding approval of BVI cannabis law over treaty obligations, upcoming talks
The United Kingdom will decline to approve a 6-month-old bill to open commercial opportunities involving medical cannabis in the British Virgin Islands (BVI) until a deal is reached between the…
News December 11
Switzerland moves toward broader medical cannabis access
The Swiss National Council - the country's lower house - this week approved a Federal Council proposal to amend the narcotics law and make it easier for patients to access…
News December 11
Colorado retail cannabis sales already eclipsing record-setting 2019
Colorado's cannabis retailers set the record for single-year sales, surpassing 2019 numbers, and that's with only 10 months counted.
News December 11
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