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10 tips for US cannabis businesses facing an economic downturn
With businesses around the country shuttered and millions of Americans out of work because of the coronavirus pandemic, the U.S. is facing its gravest economic crisis since the Great Depression.
News May 20
Cannabis chain Strawberry Fields says no to being acquired in $31 million deal
Colorado Springs, Colorado-based Strawberry Fields terminated a $31 million agreement in which Denver-based Schwazze would have acquired the marijuana retail chain. Strawberry Fields filed paperwork with the U.S. Securities and Exchange…
News May 19
Overtime-pay issue leads CO marijuana security firm to US Supreme Court
A cannabis security company based in Colorado has petitioned the U.S. Supreme Court to review a lower-court decision requiring state-legal marijuana businesses to adhere to federal labor laws such as…
News May 19
Can California marijuana trade groups coordinate to engage industry’s legislative gears?
More than two years into the rollout of California’s regulated recreational cannabis market, many marijuana industry associations are still struggling to work together for the common good of legal operators…
News May 19
Cannabis sector lender Trichome successful in bid for James E. Wagner
Trichome Financial Corp. has been declared successful in its stalking horse bid for Ontario-based James E. Wagner Cultivation Corp. (JWC), the latter company announced Tuesday.
News May 19
Ontario cannabis stores start reopening; delivery and curbside pickup extended
An emergency provision temporarily allowing privately owned cannabis stores in Ontario to offer home delivery and curbside pickup has again been extended by the provincial government, and retailers are now allowed…
News May 19
Chart: Medical cannabis sales regain their footing in Ohio despite coronavirus volatility
Sales in Ohio’s nascent medical marijuana industry steadily improved during the first four months of 2020, despite short-term hiccups caused by the coronavirus pandemic. Through the end of April, roughly…
News May 19
Cost-cutting cannabis giant Acreage to take $80 million-$100 million charge
Marijuana multistate operator Acreage Holdings on Monday said it is still reducing overhead costs - including the sale of a North Dakota medical cannabis operation and undeveloped real estate in…
News May 18
Investment group buys Sundial medical cannabis subsidiary for CA$105 million
A United Kingdom cultivator that is licensed to grow medical marijuana and hemp has been acquired by a group led by a cannabis investment firm. The U.K.’s Bridge Farm Group,…
News May 18
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