Marijuana multistate operator Curaleaf Holdings said it has secured a $40 million revolving line of credit from a “major commercial regional bank.” Curaleaf will use the credit line from Needham Bank in Massachusetts for general corporate purposes and working capital, according to a news release. Boris Jordan, the New York-based MSO’s chair and CEO, said […]
A group of seven independent marijuana social equity transporters in Illinois filed a civil rights complaint against the state’s Department of Agriculture alleging that the office discriminated against them when it issued licenses to medical cannabis cultivation centers. In a complaint filed in the 7th Judicial Circuit Court of Sangamon County – independent transporter licensees who […]
After failed efforts to find a deal to restructure its debts, cannabis multistate operator Slang Worldwide is entering receivership to dispose of its Colorado assets and filing for bankruptcy in Canada. Toronto-based Slang said in a news release it might also sell the assets of its Vermont subsidiaries. According to the release, Slang decided to […]
Drying and curing is a critical stage for marijuana cultivators that can make or break the quality of the final product. Proper drying and curing not only preserves potency and flavor but also improves the safety, shelf life and overall user experience of cannabis flower, cultivation experts told MJBizDaily. “You can take a really good […]
A former senior vice president of Curaleaf Holdings alleges in a lawsuit that the cannabis multistate operator terminated her employment after she complained about sexual harassment and racist comments. Khadijah Tribble, who is Black, also alleged in the suit against New York-based Curaleaf and former CEO Matt Darin that she was fired in March 2023 […]
Deep Roots Harvest has acquired fellow Nevada marijuana operator The Source in a deal that includes a portfolio of retail, distribution and cultivation assets in the state. The acquisition gives Mesquite-based Deep Roots Harvest four additional retail outlets in Henderson, Las Vegas, North Las Vegas and Pahrump. The purchase price was not revealed, and a […]
The fate of Kentucky applicants seeking medical cannabis dispensary licenses will be decided starting in late November. The state’s Office of Medical Cannabis (OMC) will select the winners during two lotteries held at the Kentucky Lottery Corp., the Louisville Courier Journal reported. Winners for four licenses available in nine of Kentucky’s dispensary licensing regions will […]
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Metrc will run the new seed-to-sale tracking program for Virginia’s medical cannabis market. The system, to launch in early summer 2025, will be required for all licensed MMJ processors, Virginia’s Cannabis Control Authority (CCA) announced Wednesday. The Metrc system will track cannabis from its growth cycle to production and sale, increasing consumer protection, enforcement and […]
The Massachusetts Cannabis Control Commission (CCC) has selected a former employee as its new executive director. David Lakeman, who has headed the marijuana division at the Illinois Department of Agriculture since 2020, served as head of government affairs at Massachusetts’ CCC between 2018 and 2020, the CommonWealth Beacon reported. The CCC, which oversees Massachusetts’ regulated […]
