Ohio’s recreational marijuana market surpassed $242 million in sales through late December, rounding out a relatively strong debut for the Midwestern state’s adult-use program. Total recreational marijuana sales hit $242.2 million since the August launch, with consumers purchasing 32,487 pounds of cannabis flower and more than 4 million manufactured products, the Ohio Department of Commerce […]
The battle over legal hemp is continuing across the country as the conflict over intoxicating products heats up between legislators and hemp companies. Lawmakers are concerned that unregulated products are sold with mostly no age restrictions allowing minors to buy products with advertised THC levels. States have been attempting to implement regulations around these products […]
Anthony Coniglio (Courtesy photo) (This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) While 2024 brought its share of volatility, regulatory uncertainty and market pressures for the cannabis industry, this year offers potential opportunities alongside continued challenges. From a new administration in the White House, federal rescheduling developments […]
Cannabis real estate manager Innovative Industrial Properties (IIP) is claiming that multistate operator PharmaCann has defaulted on several of its leases across the country. IIP, a San Diego-based-headquartered real estate investment trust (REIT), alleges in a news release that PharmaCann defaulted on December rent obligations totaling $4.2 million on six properties located in Illinois, Massachusetts, […]
Marijuana multistate operator Standard Wellness Holdings has secured a $10 million credit facility. The 10-year term loan, which amortizes over 20 years with a 9.25% interest rate, will support the Ohio-based company’s growth and operational expansion, according to a news release. The loan also allowed Standard Wellness to repay some higher-cost debt that carries a […]
Ohio marijuana businesses aren’t likely to have as easy a time of advertising as their Michigan counterparts under new rules proposed by state regulators, which will be considered by lawmakers in coming months. But they will be allowed to start producing and selling pre-rolled joints, products that were not allowed under the original framework. The […]
The Daily Hit is a recap of the top financial news stories for Thursday, December 12, 2024. On the Site Dr. Green launches new digital platform to drop ship cannabis from Portugal Under a newly-unveiled business concept from Dr. Green, customers get to become cannabis dealers without ever touching the product or applying for a […]
Recreational marijuana sales for adults 21 and older began on Aug. 6. Dispensaries were selling between $36 million to $37 million in medical cannabis per month over the last few months leading up to that. In the time since the non-medical market opened up, though, monthly sales have effectively doubled. Across periods of roughly four […]
This story was republished with permission from Crain’s Cleveland Business and written by Daniel Shingler. Cuyahoga Falls is about to get a large marijuana facility that is expected to supply product to medical and recreational dispensaries across the state. Klutch Cannabis is working on construction at 1972 Akron-Peninsula Road, converting a former packaging plant on the […]
The Daily Hit is a recap of the top financial news stories for Tuesday, November 26, 2024. On the Site Canopy Growth names Luc Mongeau as its next CEO Mongeau is a current board member and CPG veteran. Read more here. Scotts Miracle-Gro shakes up C-suite, takes hit on cannabis stake The company reaffirmed its […]
