The top marijuana regulators in two states on the verge of launching adult-use sales are stepping down. Delaware Marijuana Commissioner Rob Coupe is leaving his post only weeks after the state distributed 15 recreational marijuana retail licenses through a lottery that had more than 500 applicants. And Charlene Briner, interim director of Minnesota’s Office of […]
A Michigan circuit court has appointed a receiver for the assets of PharmaCo, a property of Canada-based cannabis multistate operator Red White & Bloom Brands. PharmaCo, which was acquired in February 2022 by Red White & Bloom subsidiary RWB Michigan, has operated licensed medical and adult-use marijuana stores and conducted limited cultivation in Michigan. Circuit […]
Ohio recreational cannabis retailers recorded $242.2 million in sales in 2024 – only five months after the state launched its adult-use market. The state’s adult-use operators sold 4 million-plus units of manufactured products and 32,487 pounds of plant material sold through Dec. 28, the Ohio Capital Journal reported, citing data from the Department of Commerce […]
Canopy USA, the American-based holding company of Canadian marijuana operator Canopy Growth Corp., has appointed M. Brooks Jorgensen as the fledgling entity’s first president. Jorgensen, a cannabis and alcohol beverage industry executive with more than 25 years of experience, will focus on driving profitable growth across the United States for Canopy USA, according to a […]
Marijuana multistate operator iAnthus Capital Holdings is buying Illinois vape brand Cheetah Enterprises in an all-stock deal valued at $1.5 million. The acquisition is key to iAnthus’ “ongoing strategy to elevate its portfolio” of marijuana brands and “drive long-term growth,” the company said in a news release. Cheetah, based in Chicago, offers premium live resin […]
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 […]
The image of clandestine cannabis cultivation is fading fast, with 66% of home growers feeling empowered to openly grow the plant, according to a recent survey. Women accounted for 61% of the home growers who responded to the survey, conducted by Stripe Theory on behalf of I Love Growing Marijuana (ILGM), an Amsterdam-based community-centric cannabis […]
The Green Lady Dispensary is the first cannabis retailer on Nantucket, Massachusetts, to receive a marijuana shipment by water after a legal victory that allowed MJ products to be transported to the island. Finalized in June, the regulation change addressed longstanding restrictions that had prevented marijuana operators from legally bringing cannabis products via waterways to remote […]
Known for their discipline, leadership and problem-solving abilities, military veterans are finding a new battlefield in the regulated cannabis industry. Veterans’ unique skill set, honed through years of military training and experience, is an asset in the rapidly growing industry not always associated with professionalism. “Adaptability, teamwork and a good sense of humor are important […]
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 […]
