Colorado, Illinois, Ohio set records for monthly marijuana sales
States continue to post record cannabis sales in the face of the COVID-19 pandemic and the ensuing economic downturn, further evidence the […]
Category: Marijuana Sales, Funding & Banking News
Cannabis companies with specific plans for new funding find success at raising capital
Capital markets remain very tight, but they started to open up again for marijuana companies in the third quarter of 2020, as […]
Multistate cannabis operator Holistic Industries raises $35 million
Holistic Industries, a Maryland-based multistate cannabis operator, said it raised $35 million in debt financing to fund cultivation and processing build-outs as […]
Four tips to navigate cannabis mergers and acquisitions in a distressed market
In the midst of an extended economic downturn, cannabis companies have few options for raising capital. Equity remains elusive, while debt and […]
Arkansas medical marijuana sales reach $143 million
Arkansas medical marijuana stores have sold $143 million worth of medical cannabis since sales began in May 2019. Another way to put […]
California marijuana tax revenues stall in wake of pandemic, job losses
A global pandemic, record job losses and massive budget shortfalls all contributed to what California Gov. Gavin Newsom called “no normal year” […]
Marijuana banking numbers slip, but loans may be increasing
The number of financial institutions serving marijuana-related businesses declined slightly in the first six months of this year, according to federal data, […]
Massachusetts credit union partners with marijuana payment processor
The GFA Federal Credit Union, which said in 2018 that it would serve Massachusetts marijuana companies, announced a new partnership this week […]
Week in Review: Cannabis ballot measures finalized, Florida gets edibles, capital raises rebounding & more
A recreational marijuana legalization ballot measure in Arizona got the final go-ahead, while a medical cannabis legalization initiative in Nebraska is fighting […]
Chart: Nationwide sales of adult-use cannabis further eclipse those of medical marijuana
While the United States has three times as many state medical marijuana markets than adult-use programs, recreational sales are expected to be […]