Credit union innovator to head new cannabis bank
Cannabis banking-compliance innovator Sundie Seefried is transitioning from her broader role as CEO of a Colorado credit union…
News February 11
Latest In: Finance
Power REIT raises $37 million in rights offering for marijuana acquisitions
Specialty real estate investment trust Power REIT, which has a portfolio that includes marijuana production facilities, raised $37…
News February 10
Cannabis MSO Green Thumb nets $100M through initial US stock sale
Cannabis multistate operator Green Thumb Industries said it accepted an offer to sell $100 million of stock to…
News February 9
Nearly $1 million settlement proposed in MedMen marijuana class action suit
A 2½-year-old class action lawsuit brought by former employees of multistate marijuana operator MedMen has almost concluded, with…
News February 9
Colorado’s total marijuana sales near $10 billion, buoyed by record 2020
Colorado's total marijuana sales reached nearly $10 billion since legal sales began in 2014.
News February 9
Nevada’s cannabis industry lacks diversity, especially in ownership, survey shows
Nevada's first official demographic survey of cannabis businesses shows that women and minorities account for a smaller percentage…
News February 9
Market for licensed marijuana businesses heats up as buyers snap up retail stores, other properties
The market for buying and selling licensed cannabis businesses has perhaps never been hotter, with demand fueled by…
News February 5
Marijuana real estate lender AFC Gamma to raise up to $105M in IPO
Marijuana industry real estate investment trust Advanced Flower Capital, also known as AFC Gamma, is planning an initial…
News February 4
Power REIT acquires Canndescent cannabis greenhouse for $7.7 million
New York-based Power REIT on Thursday announced the acquisition of a 37,000-square-foot Southern California greenhouse used for cultivation…
News February 4
SBA nominee indicates openness to examining marijuana restrictions
President Joe Biden’s nominee to run the U.S. Small Business Administration said during a Senate confirmation hearing that…
News February 4
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