M4MM
Rubicon Organics Secures $4M Financing for Facility Upgrades
VANCOUVER, BC – Rubicon Organics Inc. closed a $4 million credit package with Community Savings Credit Union to finance upgrades at its production sites. The deal breaks down into a $3 million term loan carrying ...
The Intoxicating Hemp Ban Is About to Become Law — and It’s a Pyrrhic Victory for Cannabis
LOS ANGELES- The federal government just erased a $20-billion industry under the guise of “closing a loophole.” But rather than protecting consumers, Washington has dealt a crippling blow to both hemp and legal Cannabis — ...
Senate Spending Package Eyes Hemp THC Crackdown as Shutdown Continues, Trump Backs Restrictions
WASHINGTON – A bipartisan spending package drafted to end the nation's longest government shutdown now includes a provision that would sharply curtail sales of hemp-derived THC products, garnering White House endorsement and fierce opposition from ...
Snoop Dogg’s Venture Firm Boosts UK Cannabis Clinic with £4.5M Investment
LONDON – Casa Verde Capital, co-founded by rapper Snoop Dogg, has pumped £4.5 million [$6 million] into Mamedica, the United Kingdom's dominant online provider of medical Cannabis prescriptions, in what stands as the biggest funding ...
Ohio Cannabis Sales Hit $3B Mark at Steady Pace of Recreational Expansion
COLUMBUS – New York may command the spotlight in East Coast Cannabis discussions, with its market posting $1 billion in sales through August of this year alone, but Ohio's program has methodically built a formidable ...
GTI Launches $50M Share Buyback Program
CHICAGO – Green Thumb Industries announced that its board has approved a program to repurchase up to $50 million of its subordinate voting shares over the next year. The initiative, set to begin on September ...
Chinese Gangs Exploit Farm Bill Loophole, Fueling Illicit Cannabis Spread Across the States
LOS ANGELES – Chinese criminal syndicates have seized on a flaw in the 2018 Farm Bill to flood American markets with illegal high-THC Cannabis disguised as legal hemp, creating a shadow economy that rivals major ...
Rubicon Organics Secures $4M Financing for Facility Upgrades
VANCOUVER, BC – Rubicon Organics Inc. closed a $4 million credit package with Community Savings Credit Union to finance upgrades at its production sites. The deal breaks down into a $3 million term loan carrying ...
The Intoxicating Hemp Ban Is About to Become Law — and It’s a Pyrrhic Victory for Cannabis
LOS ANGELES- The federal government just erased a $20-billion industry under the guise of “closing a loophole.” But rather than protecting consumers, Washington has dealt a crippling blow to both hemp and legal Cannabis — ...
Senate Spending Package Eyes Hemp THC Crackdown as Shutdown Continues, Trump Backs Restrictions
WASHINGTON – A bipartisan spending package drafted to end the nation's longest government shutdown now includes a provision that would sharply curtail sales of hemp-derived THC products, garnering White House endorsement and fierce opposition from ...
Chicago Atlantic Invests $20 Million in Nova Farms Expansion
LOS ANGELES- Chicago Atlantic, a significant player in financial investment, has finalized a $20 million senior secured financing deal with Nova Farms, an established cannabis operator. This strategic investment is aimed at bolstering Nova Farms' ...
Ohio Moves Forward with Adult-Use Cannabis Marketplace Regulations
LOS ANGELES- Ohio is on the verge of activating its adult-use cannabis marketplace following the state regulators' recent publication of the latest draft rules for the industry. This comprehensive framework, announced last week, introduces detailed ...
California Enhances Cannabis Equity with $12 Million Grant
NEW YORK- In a landmark move, California has allocated $12 million in grants to ten cities and counties, including Oakland and San Jose, as part of its commitment to fostering equity in the cannabis industry. ...
New Jersey Navigates Legal Waters on Off-Duty Cannabis Use by Police
LOS ANGELES- In a groundbreaking legal case in New Jersey, the debate over off-duty cannabis use by law enforcement officers brings to light the complex interplay between state legalization and federal restrictions. Jersey City has ...
New York Supreme Court Overturns Cannabis Marketing Restrictions
LOS ANGELES- In a significant legal development for New York's cannabis industry, the Supreme Court in Albany County invalidated several marketing restrictions on Monday, marking a pivotal moment for licensed cannabis businesses in the state. ...
New Mexico Sets Record in Cannabis Sales for March
LOS ANGELES- In a significant development within the cannabis industry, New Mexico reported a record-breaking total of over $52 million in combined recreational and medical cannabis sales for March. This figure surpasses previous records, marking ...
Petalfast Acquires Flow Distribution to Enhance National Cannabis Sales and Distribution Network
LOS ANGELES- Petalfast, a national sales and distribution platform in the cannabis industry, has finalized the acquisition of Flow Distribution's sales and distribution subsidiary, marking a significant expansion of its operations and brand portfolio in ...
ANALYSIS: Ukraine’s Medical Cannabis Legalization: A Journey of Hope and Resilience
KYIV--In the heart of Ukraine, amidst the bustling streets of its vibrant cities and the tranquil beauty of its countryside, a new era is dawning—one marked by the legalization of medical cannabis. Having immersed myself ...
Hawaii’s Adult-Use Cannabis Legalization Stalls
LOS ANGELES- In a recent development within Hawaii's legislative process, a pivotal House committee announced it will not advance a bill proposing the legalization and regulation of recreational cannabis, effectively halting the legislation for 2024. ...
Washington D.C. Enhances Medical Cannabis Regulations and Extends Tax Holiday
LOS ANGELES- In a significant legislative move, the Council of the District of Columbia has unanimously passed the "Medical Cannabis Patient Card Extension 4/20 Medical Cannabis Sales Tax Holiday Week Emergency Amendment Act of 2024." ...
DEA to Conduct Hearing on Psychedelic Substances Proposal
LOS ANGELES- The Drug Enforcement Administration (DEA) has announced plans to hold a hearing regarding the proposed classification of two psychedelic substances, 2,5-dimethoxy-4-iodoamphetamine (DOI) and 2,5-dimethoxy-4-chloroamphetamine (DOC), as Schedule I drugs under the Controlled Substances ...
Canadian Cannabis Sales Experience a Dip in January
NEW YORK- In January 2024, Canada witnessed a notable 11.5% drop in retail sales of legal adult-use cannabis compared to December 2023, as reported by Statistics Canada. Despite a revision that increased the total recreational ...
Alabama Seeks to Expand Medical Cannabis Licensing
LOS ANGELES- In an effort to resolve ongoing legal disputes surrounding its medical cannabis licensing process, Alabama has introduced a bill proposing an increase in the number of available licenses. Filed on Tuesday, the legislation ...
Oregon Reinstates Criminal Penalties for Drug Possession
LOS ANGELES- In a landmark reversal, Oregon Governor Tina Kotek has endorsed House Bill 4002, reintroducing criminal penalties for possession of controlled substances such as fentanyl, heroin, and methamphetamine. This action marks a departure from ...
Alberta Leads in Psychedelic-Assisted Therapy Coverage
NEW YORK- Alberta Blue Cross's recent endorsement of insurance coverage for Psychedelic-Assisted Therapy signifies a pioneering move in Canadian healthcare, positioning Alberta as the first province to officially support and regulate such treatments. This development ...
