Cannabis operator Glass House posts record revenue of $160.8 million in 2023
California cannabis producer and retailer Glass House Brands reported fourth-quarter improvements in gross profits and margins for the…
News March 28
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Cannabis producer Rubicon reports quarterly profit of nearly CA$900,000
Rubicon Organics reported a modest profit of 889,166 Canadian dollars ($656,000) in its fourth quarter ended Dec. 31,…
News March 28
AFC Gamma provides $34 million to Sunburn Cannabis in debt capital
Marijuana industry lender AFC Gamma provided $34 million in debt capital to Florida-based dispensary operator Sunburn Cannabis.
News March 27
Ayr Wellness boosts Florida marijuana cultivation facility mortgage by $8.4M
Marijuana multistate operator Ayr Wellness is increasing by $8.4 million the size of an existing mortgage on a…
News March 27
Canadian cannabis producer Organigram enters US, plans CA$25 million raise
Organigram Holdings has dipped into its strategic investment pool to pick up a minority stake in Roxboro, North…
News March 27
Calling marijuana a ‘gateway drug,’ House GOP opposes banking reform
Congressional Republicans should oppose marijuana reform, including banking protections, because MJ is a “dangerous, addictive … gateway drug,”…
News March 26
Auxly auditor flags ‘going concern’ risk as cannabis firm reports smaller loss
Auxly Cannabis Group’s record 2023 sales helped substantially improve its net loss, but an auditor flagged a “significant…
News March 25
Massachusetts marijuana worker denied Chapter 13 bankruptcy protection
A marijuana company employee in Massachusetts has been denied bankruptcy protections, highlighting a federal barrier that extends beyond…
News March 25
Decibel selling Prairie Records marijuana stores to Fika; CEO to retire
Canadian operator Decibel Cannabis Co. is selling its Prairie Records marijuana retail stores to retail operator Fika for…
News March 25
Treasury Secretary Yellen renews support for marijuana banking reform
U.S. Treasury Secretary Janet Yellen reiterated her support of marijuana banking legislation such as the SAFE Banking Act,…
News March 22
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