Friday, October 22, 2021
Cannabis opportunity is not new in the Republic of Colombia. The South American country, which boasts a population just north of 50 million, has a long-running association with the plant. Like the Golden Triangle in Mexico, Colombia has the perfect...
Multistate cannabis operator Jushi Holdings secured a $100 million credit facility with a 9.5% annual interest rate to bankroll expansion in the company’s core and targeted U.S. markets. Advertisement For the funding, Florida-based Jushi tapped a portfolio company of SunStream Bancorp,...
Chicago-based marijuana multistate operator Verano Holdings Corp. said Wednesday it amended an existing credit agreement to secure an additional $120 million in funding at a lower annual interest rate of 8.5%. The loan brings the total outstanding senior secured term...
As the legal cannabis industry goes mainstream, many new tech startups backed by investors are popping up everywhere and offering a ‘free POS system’ to cannabis dispensaries. But does free POS mean that it costs nothing? While many POS...
Attendees flock to the show floor at MJBizCon 2021. (Photo by Las Vegas Event Photography) Many cannabis entrepreneurs have a simple goal for 2022: growth. That was the most common answer from MJBizCon attendees in Las Vegas when asked about...
While the U.S. cannabis industry anxiously waits for federal legalization, presumably the beginning of a new age of marijuana, the final chapter has already been written, taken from a book we have read many time before. Wait, what? I...
MJBiz CEO Chris Walsh speaks at the opening session of MJBizCon 2021. (Photo by Andrew Long) At least four more states will legalize cannabis in some form in 2022 and industry mergers and acquisitions will “noticeably accelerate,” MJBiz CEO...
South Dakota lawmakers introduced a bill to legalize adult-use cannabis, heeding a recommendation from a legislative subcommittee that was assigned to study the issue. According to Sioux Falls TV station KELO, the bill will next go to the full regular...
The U.S. Senate’s Appropriations Committee this week released a spending bill backed by Democrats that removes a longstanding prohibition on adult-use cannabis sales in the District of Columbia. But as The Washington Post reported, the bill still faces significant opposition...
Hexo Corp. has named Scott Cooper, current head of its beverage joint venture, as its new chief executive officer, effective immediately. Cooper takes over from founder Sébastien St. Louis, who was recently shown the door of the Quebec cannabis producer...
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