Scant minority ownership in Nevada’s cannabis industry, spurring calls for social equity reform
Minority ownership of cannabis businesses in Nevada is rare, and there are few signs that situation is likely to change anytime soon. […]
Category: United States Cannabis Industry & Marijuana Business News
US marijuana companies outperform Canada’s to erase discount in second-quarter earnings season
The stocks of U.S.-focused operators have rallied while Canada-focused operators have underperformed in the second-quarter earnings season, closing the valuation gap on […]
Chart: Adult-use cannabis sales remain steady even as unemployment bonus ends
Though the U.S. government’s temporary lifeline to tens of millions of unemployed workers expired, sales of recreational marijuana products have proved resilient. […]
General Counsel Miyashita supplants Leslie as CEO at marijuana firm Leafly
Online marijuana news site, dispensary finder and information resource Leafly appointed a new CEO to replace its current chief, Tim Leslie, who […]
Massachusetts cannabis company to dump $2.6 million worth of vape pens
Massachusetts-based marijuana business Temescal Wellness plans to destroy more than 40,000 vape cartridges, worth $2.6 million, that have sat unused after the […]
Marijuana technology company Dutchie nets $35 million in capital raise
Oregon-based Dutchie, an online ordering platform for cannabis retailers, raised $35 million from a group of investors that include rapper Snoop Dogg’s […]
Marijuana MSO Acreage wins motion to block Maine city from favoring residents
Marijuana multistate operator Acreage Holdings continues to prevail in its legal efforts to thwart Maine and, now, its largest city from favoring […]
Colorado cannabis firms Schwazze, Medicine Man Denver part ways
Medicine Man Denver, a Colorado-based cultivator and retailer, and Schwazze, formerly Medicine Man Technologies, terminated their agreement, effective Aug. 20. Medicine Man […]
State treasurers group lobbies for marijuana banking in US coronavirus bill
A coalition of state treasurers across the country are urging Congress to include cannabis banking reform in the next coronavirus relief stimulus […]
Florida REIT raises $80 million to lend to cannabis companies
AFC Gamma, a real estate investment trust (REIT), raised $80 million that, coupled with a $40 million credit line, gives the West […]