Tight funding environment weighs on marijuana companies still seeking profit
Which came first? Poor paths to profitability for North American cannabis companies or limited funding for them to build their…
News November 7
Latest In: recreational marijuana
Cresco Labs growing jobs in Illinois as adult-use marijuana looms
Chicago-based Cresco Labs is more than doubling its workforce in Illinois as the multistate operator prepares for the…
News November 1
Hexo slashes workforce by 200 amid lower marijuana revenue expectations
Troubled Canadian cannabis company Hexo, which this week postponed the release of financial results amid lower revenue expectations,…
News October 24
BNY Mellon’s cannabis-limiting move highlights inconsistencies in banking but could help in the long run, sources say
Just as potential marijuana banking progress appears on the horizon at the federal level due to the U.S.…
News October 18
Northeast governors meet to create regional adult-use cannabis plan
Governors from New York, New Jersey, Pennsylvania and Connecticut are co-hosting a cannabis summit Thursday with legislative leaders…
News October 17
Flowhub cannabis tech platform raises $23 million
Denver-based Flowhub, a marijuana software technology platform, raised $23 million in a Series A funding to bankroll its…
News October 15
California to allow state tax deductions for cannabis businesses
California cannabis businesses will be allowed to deduct expenses on their state income returns after Gov. Gavin Newsom…
News October 14
Big banking shows more interest in serving cannabis clients after recent SAFE Act passage by US House
Banks and other financial institutions are gearing up for potential massive involvement with the marijuana industry after last…
News October 14
California awards cities $10 million in social equity marijuana grants
Ten cities in California will divide $10 million from the state’s Bureau of Cannabis Control to help social…
News October 9Featured
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