MJBizDaily · Page 276

Cannabis MSO Cresco expands in Massachusetts via $90M acquisition
Mar 19, 2021, 11:50 am By Omar Sacirbey
Chicago-based cannabis multistate operator Cresco Labs is spending $90 million to acquire all the…

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Ontario, Alberta lead Canadian cannabis sales lower in January
Mar 19, 2021, 11:10 am By Matt Lamers
Retail sales of adult-use cannabis products in Canada declined to 282.8 million Canadian dollars…

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New Brunswick won’t privatize recreational cannabis sales
Mar 19, 2021, 9:56 am By Matt Lamers
New Brunswick has discontinued the request for proposal (RFP) process for the privatization of…

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Why cannabis producer Organigram struck a CA$220 million deal with a tobacco giant: Q&A with CEO Greg Engel
Mar 19, 2021, 9:00 am By Matt Lamers
While rival Canadian cannabis producers plowed massive amounts of capital into cultivation…

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$1.9 trillion coronavirus stimulus package offers marijuana-related firms more options for financial help
Mar 19, 2021, 6:30 am By Jeff Smith
Cannabis-related firms again face hurdles in qualifying for financial relief under the newly enacted…

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Marijuana real estate merger creates firm worth $435 million in assets, cash
Mar 18, 2021, 3:06 pm By Bart Schaneman
Chicago-based NewLake Capital Partners and GreenAcreage Real Estate, a real estate investment trust…

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Canada to launch review of cannabis industry fee structure
Mar 18, 2021, 2:36 pm By Matt Lamers
Health Canada will soon embark on a review of fees collected by the federal government from cannabis…

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Marijuana tech platform I Heart Jane suffers slowdown, affecting retailers
Mar 18, 2021, 12:22 pm By Solomon Israel
Marijuana e-commerce platform I Heart Jane suffered a slowdown on Wednesday that impacted an unknown…

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US House will again consider cannabis banking reform
Mar 18, 2021, 12:15 pm By Jeff Smith
A cannabis banking reform bill will be reintroduced in the U.S. House of Representatives on…

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Cannabis producer Canopy Growth borrows $750 million
Mar 18, 2021, 12:06 pm By Solomon Israel
Smiths Falls, Ontario-based cannabis firm Canopy Growth has taken out a senior secured loan worth…

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Hexo CEO: Canada’s cannabis sector ‘entering most competitive phase’
Mar 18, 2021, 11:31 am By Matt Lamers
Cannabis producer Hexo reported a net loss of 21 million Canadian dollars ($17 million) for its…

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California’s provisional marijuana licensing crisis resurfaces, possibly disrupting thousands of MJ companies
Mar 18, 2021, 11:00 am By John Schroyer
For the third time in less than four years, California lawmakers are revisiting the state’s…

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South Dakota trade group forms to aid prospective marijuana businesses
Mar 18, 2021, 9:00 am By Bart Schaneman
As South Dakota works to implement medical and recreational marijuana programs passed by voters in…

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Ontario Cannabis Store appoints sixth president in three years, raising industry concern
Mar 18, 2021, 9:00 am By Matt Lamers
The executive turntable at the Ontario Cannabis Store (OCS) is spinning again, with the provincial…

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Cannabis companies anticipate added sales bump with new round of stimulus checks
Mar 18, 2021, 6:30 am By Bart Schaneman
Cannabis companies should expect a bump in sales from the newest round of federal stimulus payments.…

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Missouri revokes licenses of overdue medical cannabis operators
Mar 17, 2021, 4:58 pm By Jeff Smith
Missouri medical cannabis regulators are revoking the licenses of some businesses that haven’t met…

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Aphria, Tilray to host shareholder meetings on merger in April
Mar 17, 2021, 3:25 pm By Matt Lamers
Aphria and Tilray will host special shareholder meetings next month on the proposed merger between…

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Regulators crack down on Michigan credit union’s marijuana banking
Mar 17, 2021, 1:35 pm By Jeff Smith
An independent federal agency cited a Michigan credit union for failing to comply with marijuana…

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How a year of COVID-19 forced positive change for cannabis retailers
Mar 17, 2021, 11:00 am By Solomon Israel
Despite challenges such as rapid regulatory change, shifting public-health demands and economic…

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The three degrees of marijuana legalization in the United States
Mar 17, 2021, 6:30 am By Bart Schaneman
In America, well over nine out of 10 inhabitants live in a place where marijuana is legal to some…

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