
Many growers concerned about the lack of details about the choices.
Many growers concerned about the lack of details about the choices.
A special look at New York's adult-use cannabis rollout.
MMJ companies that hoped for first crack at the market must wait three years to apply.
A slow rollout, high taxes and uncertain regulation leave many wondering if independent legal cannabis shops can survive.
The law holds government accountable for the overpolicing and disinvestment of the prohibition era.
New York must address language barriers, cultural incompetence and the damage done by cannabis prohibition.
Debemos abordar las barreras del idioma, la incompetencia cultural y el daño causado por la prohibición.
Those leading the CCB and the Office of Cannabis Management are capable, determined, and well-intentioned.
Stakeholders to the industry come in many shapes and forms.
The Daily Hit is a recap of the top financial news stories for January 25, 2023.
New York Approves 30 More Cannabis Retailers
The New York Cannabis Control Board nearly doubled the number of licensed retailers to date during its Wednesday meeting with the approval of 30 new licenses. That brings the statewide total of locations approved so far to 66, with more still on the way. Read more here.
Ascend Wellness Expands into Maryland with $19 Million Acquisition Deal
New York-based Ascend Wellness Holdings (CSE: AAWH.U) (OTCQX: AAWH) announced its expansion into Maryland with its $19 million purchase of Devi Holdings, which runs four operational medical marijuana dispensaries. Read more here.
Michigan Developer Files $60M Lawsuit over Medical Marijuana Permits
Rubicon Real Estate Holdings, its principal Joseph Brown, and Brown Design Consultants allege in the suit filed in Oakland County Circuit Court that the city, and its clerk Garland Doyle, dragged its feet on issuing the permit for nearly four years, causing the developer’s lender to pull its $45 million in loans and led to the loss of several tenants for the proposed development. Read more here.
Apeks Sued For Faulty Extraction Machine Costing $357,000
Apeks is being sued for selling a $357,000 extraction machine that the buyers claim didn’t live up to the sales claims. Ryan Elmore and Warren Blesofsky, owners of California-based medical cannabis business LB Atlantis LLC, bought Apeks’s new “High Production Series” machine, which was marketed as being able to process “nearly 60 pounds of raw material per day when operating for 23 hours per day with a 90% cannabinoid extraction rate.” Read more here.
MariMed Finds $35 Million in New Funds
MariMed, Inc. (CSE: MRMD) (OTCQX: MRMD) has closed on a $35 million secured credit facility, with Chicago Atlantic as the lead lender. MariMed said it has already borrowed $30 million at close and can draw down up to an additional $5 million over the next six months. Read more here.
The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. (CSE: TGOD) (OTC: TGODF) plans to become BZAM Ltd. after its board of directors approved the name change. The move is still subject to regulatory approval including that of the Canadian Securities Exchange. Read more here.
Georgia medical cannabis
The state commission in charge of Georgia’s medical marijuana program adopted a rules Wednesday for the manufacture and sale of low-THC cannabis oil to patients suffering from a variety of diseases. The rules will govern various aspects of the program including the facilities that will produce the oil, the dispensaries where the oil will be sold, and the independent laboratories that will test the product. Read more here.
New York cannabis
The NY Committee on Open Government published an advisory opinion on Jan. 20, after medical marijuana patient Tim Mitchell inquired about the legality of certain Office of Cannabis Management and Dormitory Authority of the State of New York public meeting practices. Read more here.
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Irwin Naturals Signs LOI to Acquire Braxia Scientific https://t.co/LCNPnRdDmG
Weekly Stash: January 27, 2023 https://t.co/NqCYGD2p3d
New York Forcing Cannabis Farmers to Choose Business Model https://t.co/w06PkUDgor
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