Week in Review: Acreage cannabis loan’s steep interest rate, Big Tobacco-MJ bankruptcy, Missouri starts cultivation & more

MJBizDaily
By Bart SchanemanJun 20, 2020, 10:00 am343 pts
Cannabis multistate operator Acreage Holdings obtained a $15 million short-term loan with an eye-popping 60% yearly interest rate. The secured note, received from an unidentified institutional investor, matures in four months. MJBizDaily takeaway: That astronomical interest rate, which required Acreage to put…

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