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West Virginia Seeks Financial Institution to Handle Medical Marijuana Money
April 23rd, 2019West Virginia Seeks Financial Institution to Handle Medical Marijuana Money State lawmakers passed a bill earlier this year to allow financial organizations, like credit unions, to bid for the job. CHARLESTON — The state Treasurer’s Office hopes to have a request for proposal (RFP) issued within the next month with the goal of hiring a […]
Canopy Kicks Off Cross-Border Cannabis Consolidation
April 22nd, 2019By Kristine Owram |April 21, 2019, 8:00 AM EDT Cross-border cannabis consolidation has begun. Canopy Growth Corp. announced Thursday that it’s buying Acreage Holdings Inc. in a $3.4 billion deal that keeps it onside with stock-exchange rules while giving it an entry point to the U.S. market the moment federal legalization occurs. The deal is “the most […]
US tobacco firm Pyxus International sells Canadian cannabis subsidiaries
June 24th, 2021U.S. tobacco company Pyxus International has sold off its Canadian cannabis subsidiaries, according to a media report and court filings. North Carolina-based Pyxus announced in January that it was divesting its Canadian assets, which included Figr Brands, Canada’s Island Garden, and Figr Norfolk, after filing for bankruptcy protection in June 2020. Figr Brands and Canada’s […]
Denver taking applications for marijuana delivery and other businesses
June 24th, 2021The city of Denver, one of the country’s longest-running and most established marijuana markets, is taking applications for cannabis delivery licenses, a first for the city, but new licenses will only go to social equity applicants. Denver taking applications for marijuana delivery and other businesses is a post from: Marijuana Business Daily: Financial, Legal & […]
Cannabis REIT AFC Gamma looks to raise at least $56 million
June 24th, 2021Florida-based marijuana industry real estate trust (REIT) AFC Gamma has priced an underwritten public offering to raise approximately $56.4 million before expenses. The offering includes 2.75 million common shares of AFC Gamma, priced at $20.50 per share. The underwriters have a 30-day option to buy up to 412,500 more shares, and the offering is expected […]
Shopping for used cannabis extraction equipment? Insiders dish 6 key do’s and don’ts
June 24th, 2021(This is the ninth in an ongoing series offering tips and advice for marijuana and hemp extraction companies. The eighth installment is available here.) Used extraction equipment is white-hot right now in the cannabis industry. Manufacturers who refurbish extractors say they can’t keep up with demand, and the thriving secondhand market gives established players new […]
90-plus marijuana delivery license applications begun in Massachusetts
June 23rd, 2021Over 90 marijuana delivery license applications have been started, and 31 permit applications have already been submitted to regulators, the Massachusetts Cannabis Control Commission chief said. 90-plus marijuana delivery license applications begun in Massachusetts is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Canada posts second straight month of record cannabis sales
June 23rd, 2021Canada posted record cannabis sales for the second consecutive month in April, with adult-use marijuana retailers in British Columbia and Ontario leading the way. April’s online and in-store sales of regulated cannabis amounted to 309.7 million Canadian dollars ($251 million), 3.8% higher than March’s CA$298.3 million, according to Statistics Canada’s latest figures. British Columbia led provinces with […]
How cannabis growers can manage unseasonably warm temperatures
June 23rd, 2021In unseasonable heat, marijuana and hemp plants can wilt, droop, curl and even stop trichome production. Overheated plants will also experience slow nutrient uptake and perspire too quickly. How cannabis growers can manage unseasonably warm temperatures is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Rhode Island Senate passes recreational cannabis legalization bill
June 22nd, 2021The upper chamber of the Rhode Island General Assembly on Tuesday easily approved a bill to legalize recreational cannabis, and the measure now heads to the House of Representatives for final approval before it can be sent to the governor. The Rhode Island Senate approved S 598 on a 29-9 vote, according to the Washington […]
Marijuana firm Australis Capital changes name to Audacious Brands
June 22nd, 2021Marijuana operator Australis Capital said Tuesday that it’s renaming itself and will now do business as Audacious Brands. The Las Vegas-based company, which trades on the Canadian Securities Exchange under the ticker symbol AUSA and on U.S. over-the-counter markets as AUSAF, will consolidate its brands under the new moniker and is planning an acquisition spree, […]
US Supreme Court declines to hear cannabis tax case
June 22nd, 2021The U.S. Supreme Court took a pass on a cannabis business tax case, marking another legal defeat for industry advocates attempting to overturn the onerous Section 280E of the federal tax code. According to Law360, the justices decided not to hear any arguments in an appeal from Eric Speidell, owner of Colorado-based The Green Solution. […]
Connecticut governor signs adult-use marijuana legalization into law
June 22nd, 2021With his signature on Senate Bill 1201, Gov. Ned Lamont on Tuesday made Connecticut the latest state to officially legalize recreational marijuana. The Connecticut Legislature approved the bill on June 17, making the state the latest domino to fall this year after legalization victories in New York, New Mexico and Virginia. Sales are expected to […]
Court rejects Missouri’s residency requirement for cannabis companies
June 22nd, 2021A federal judge in Missouri ruled in favor of a Pennsylvania investor who sued the state’s medical cannabis regulators over a residency requirement for MMJ business owners. The Missouri rule required that medical marijuana businesses be at least 51% owned by state residents, defined as those who had lived in Missouri for at least one […]