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Multistate marijuana operator Jushi upsizes debt financing to $33.3 million
Florida-based multistate marijuana and hemp operator Jushi Holdings increased a debt financing announced in late July by roughly $18 million, citing strong demand from shareholders and management.
News July 31
Rhode Island governor to renew push for adult-use cannabis legalization
Rhode Island Gov. Gina Raimondo will continue trying to legalize adult-use marijuana in the state. She sees legal recreational sales as a possible revenue generator, she told Cranston TV station…
News July 31
EU-grown cannabis flower variety now available to German pharmacies
Berlin-based CanPharma is believed to be the first company to offer in Germany “a German brand of medical cannabis flower sourced from a non-Canadian (owned) production facility,” the firm’s chief…
News July 31
As federal $600 weekly jobless benefit expires, cannabis sales at risk
The U.S. government’s temporary lifeline to tens of millions of unemployed workers – $600 a week in extra jobless benefits – has likely boosted cannabis sales across much of the…
News July 31
US House endorses protections for adult-use marijuana programs
The U.S. House, for the second year in a row, passed an amendment that would prevent the Department of Justice from interfering with state-legal recreational and medical cannabis programs.
News July 30
SEC sues six in alleged $25M scam involving two cannabis enterprises
Federal securities regulators have accused six people of deceiving investors by promising astounding returns as part of an alleged $25 million scam for a supposed marijuana farm and CBD extraction…
News July 30
Maine now hopes to start recreational marijuana sales by year-end
Maine’s potential $300 million a year recreational marijuana program now is expected to launch sales by the end of the year, according to state officials. That would be more than…
News July 30
FSD Pharma to surrender cannabis licenses, sell off marijuana assets
Canadian holding company FSD Pharma said it’s exiting the marijuana business and relinquishing Health Canada cannabis licenses held by subsidiary FV Pharma. FSD Pharma CEO Raza Bokhari said the decision…
News July 30
Former Maryland lawmaker sent to prison in cannabis bribery case
A former state lawmaker who helped create Maryland’s medical marijuana industry was sentenced to two years in prison for taking bribes for legislative favors, including votes to benefit a medical…
News July 30
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