Latest News

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 […]

Looking to sell your cannabis company? Focus on profits first

October 21st, 2021Cannabis companies looking to sell their businesses should focus on profits first. Looking to sell your cannabis company? Focus on profits first is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

US Postal Service enacts cannabis vape product restrictions

October 21st, 2021The U.S. Postal Service on Thursday issued a final rule that bans sending marijuana and hemp vape products in the mail, subject to certain exceptions. The ban was ordered by Congress last year in a law directed mostly at nicotine products. But the final rule, published Thursday in the Federal Register, covers marijuana and hemp […]

BIPOC marijuana entrepreneurs share tips on getting into the industry

October 21st, 2021Ancillary cannabis businesses offer disadvantaged entrepreneurs a way into the industry without having to compete for a marijuana license or start with enormous liquid assets, according to industry leaders. BIPOC marijuana entrepreneurs share tips on getting into the industry is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Cannabis firm Jushi secures $100 million funding with 9.5% interest rate

October 21st, 2021Multistate cannabis operator Jushi Holdings Inc. secured a $100 million credit facility with a 9.5% annual interest rate to bankroll expansion in the company’s core and targeted U.S. markets. Cannabis firm Jushi secures $100 million funding with 9.5% interest rate is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Marijuana MSO Verano ups credit agreement with $120M loan at 8.5%

October 21st, 2021Chicago-based marijuana multistate operator Verano Holdings Corp. said Wednesday it amended an existing credit agreement to secure an additional $120 million in funding at a lower annual interest rate of 8.5%. The loan brings the total outstanding senior secured term loans under the credit facility to $250 million. The latest funding comes with the option […]

South Dakota lawmakers introduce bill to legalize adult-use cannabis

October 20th, 2021South Dakota lawmakers introduced a bill to legalize adult-use cannabis, heeding a recommendation from a legislative subcommittee that was assigned to study the issue. According to Sioux Falls TV station KELO, the bill will next go to the full regular legislative committee on recreational marijuana and then would head to the Legislature’s executive board – […]

MJBiz CEO sees at least 4 more states legalizing marijuana in 2022, big M&A deals

October 20th, 2021At least four more states will legalize cannabis in some form in 2022 and industry mergers and acquisitions will “noticeably accelerate,” MJBiz CEO Chris Walsh predicted Wednesday. MJBiz CEO sees at least 4 more states legalizing marijuana in 2022, big M&A deals is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

US Senate panel removes barrier to DC recreational marijuana sales

October 20th, 2021The U.S. Senate’s Appropriations Committee released a spending bill that removes a longstanding prohibition on adult-use cannabis sales in the District of Columbia. US Senate panel removes barrier to DC recreational marijuana sales is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Hexo taps cannabis beverage head as next CEO

October 20th, 2021Hexo Corp. appointed Scott Cooper, current head of its beverage joint venture, as its new chief executive officer, effective immediately. Cooper takes over from founder Sébastien St. Louis, who was recently shown the door of the Quebec cannabis producer he helped create almost a decade ago. St. Louis departs Hexo after having built the business […]

MJBizCon speaker highlights dangers of delta-8 THC, touts benefits

October 20th, 2021The cannabis industry should be concerned about the safety of Delta-8 THC, but it might have a place in the market as a therapeutic or for recreational use, said Chris Hudalla, president and chief science officer for Massachusetts-based ProVerde Laboratories as part of his Tuesday presentation at MJBizCon. MJBizCon speaker highlights dangers of delta-8 THC, […]

MJBizFinance Forum speakers bullish on marijuana industry’s outlook

October 19th, 2021Three industry experts who presented at the MJBizFinance Forum on Tuesday predicted the marijuana industry is heading in the right direction, albeit with bumps along the way. “Year-over-year industry growth … remains incredibly attractive,” Vivien Azer, managing director and senior research analyst at Cowen, told those attending the one-day event ahead of the formal kickoff […]

Oregon county officials seek National Guard help versus illicit cannabis grows

October 19th, 2021Commissioners from a county in Southern Oregon are asking for help from the state’s National Guard in their fight against illegal cannabis grow sites. Oregon county officials seek National Guard help versus illicit cannabis grows is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs