Cannabis real estate financier AFC Gamma prices Nasdaq IPO at $119M
AFC Gamma, which offers real estate loans to legal marijuana companies, priced its initial public offering on the Nasdaq exchange to raise […]
Category: United States Cannabis Industry & Marijuana Business News
OK federal judge tosses marijuana residency suit, but issue unresolved
A federal judge in Oklahoma rejected a lawsuit challenging the state’s residency requirement for medical marijuana business owners, but the decision doesn’t […]
Court battle over one of Virginia’s five medical cannabis licenses
Illinois-based PharmaCann has taken Virginia to court over a medical cannabis business license that the company claims is rightfully theirs, even though […]
Cannabis MSO Cresco expands in Massachusetts via $90M acquisition
Chicago-based cannabis multistate operator Cresco Labs is spending $90 million to acquire all the outstanding equity interests of vertically integrated Massachusetts operator […]
Marijuana real estate merger creates firm worth $435 million in assets, cash
Chicago-based NewLake Capital Partners and GreenAcreage Real Estate, a real estate investment trust (REIT) in New York have announced the closing of […]
$1.9 trillion coronavirus stimulus package offers marijuana-related firms more options for financial help
Cannabis-related firms again face hurdles in qualifying for financial relief under the newly enacted $1.9 trillion coronavirus stimulus package, but the door […]
Why cannabis producer Organigram struck a CA$220 million deal with a tobacco giant: Q&A with CEO Greg Engel
While rival Canadian cannabis producers plowed massive amounts of capital into cultivation infrastructure, losing billions of dollars in the process, New Brunswick-based […]
South Dakota trade group forms to aid prospective marijuana businesses
As South Dakota works to implement medical and recreational marijuana programs passed by voters in 2020, a new trade group seeks to […]
Missouri revokes licenses of overdue medical cannabis operators
Missouri medical cannabis regulators are revoking the licenses of some businesses that haven’t met their one-year cutoffs to open and didn’t receive […]
Cannabis companies anticipate added sales bump with new round of stimulus checks
Cannabis companies should expect a bump in sales from the newest round of federal stimulus payments. Cannabis companies anticipate added sales bump […]