2020 saw several high-profile debt transactions in the cannabis industry, with major companies raising hundreds of millions of dollars through such financings.
7 regulatory-related factors for marijuana companies to consider in a debt transaction is a …
California Medical Cannabis Business & Marijuana Legal News
UFCW wins $75,000 settlement in California cannabis workers’ pay dispute
The United Food and Commercial Workers Union (UFCW) is claiming victory in a lengthy dispute with three California companies over employee wages at two cannabis shops that changed ownership hands multiple times in 2020. California’s Local 5 of th…
California marijuana firm Harborside, co-founder Steve DeAngelo cut ties
One of the most high-profile marijuana businessmen in the industry, Harborside co-founder Steve DeAngelo, is no longer formally affiliated with the Oakland, California, company he helped start in 2006. Neither Harborside nor DeAngelo gave any specific …
Top 10 cannabis business stories of 2020
Here’s a look back at the year that was through the lens of MJBizDaily‘s most-read marijuana business stories of 2020.
Top 10 cannabis business stories of 2020 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness n…
Marijuana growers look back on a year that saw a pandemic, wildfires, extreme weather and more
Recreational cannabis growers in mature markets faced an onslaught of challenges in 2020. From wildfires to early freezes to a global pandemic, they had their work cut out for them.
Marijuana growers look back on a year that saw a pandemic, wildfires, …
In reversal, L.A. says no enforcement against nearly 60 marijuana firms with expiring permits
Los Angeles marijuana industry regulators have given at least 57 companies a new lifeline, only days after saying the licensed businesses in question won’t be allowed to conduct any commercial cannabis activity after New Year’s Eve. In an e…
Marijuana investor Casa Verde Capital closes $100 million funding round
Casa Verde Capital, a California-based marijuana investment fund launched by rapper Snoop Dogg, finalized a $100 million raise. This raise and a recent surge in M&A activity are signs of renewed investor interest in the marijuana industry. The fund…
Oklahoma leads nation in marijuana cultivation licenses issued in 2020
While California is widely touted as the largest legal cannabis market in the world, analysis of cultivation license data from Cannabiz Media shows that Oklahoma narrowly surpassed the West Coast state in issuing commercial growing permits this year. O…
Nearly 60 Los Angeles cannabis businesses poised to lose licenses on New Year’s Day
At least 57 licensed cannabis companies in Los Angeles are poised to see their business permits yanked by city authorities at the end of the year – with no obvious way to get the licenses reinstated. The licensees in question – which appear…
Marijuana MSO MedMen fights to turn around finances, but challenges linger
Financially strapped MedMen Enterprises is showing modest improvement, raising the possibility that the California-based multistate marijuana operator has hit bottom and is beginning to benefit from its restructuring and turnaround plan. But huge chall…