Chicago-based NewLake Capital Partners and GreenAcreage Real Estate, a real estate investment trust (REIT) in New York have announced the closing of a merger that creates a massive cannabis real estate company.
Marijuana real estate merger creates firm…
Cannabis Industry & Marijuana Business Briefs
Canada to launch review of cannabis industry fee structure
Health Canada will soon embark on a review of fees collected by the federal government from cannabis companies, including studying the impact those fees have on the industry as well as the policy goals of legalization. “License holders will be engaged …
US House will again consider cannabis banking reform
A cannabis banking reform bill was reintroduced in the U.S. House of Representatives on Thursday, according to congressional staffers.
US House will again consider cannabis banking reform is a post from: Marijuana Business Daily: Financial, Legal &…
Marijuana tech platform I Heart Jane suffers slowdown, affecting retailers
Marijuana e-commerce platform I Heart Jane suffered a slowdown on Wednesday that impacted an unknown number of recreational and medical cannabis retailers that rely on the software. I Heart Jane is used by at least 1,700 “dispensaries and brands …
Canadian cannabis producer Canopy Growth borrows $750 million
Smiths Falls, Ontario-based cannabis producer Canopy Growth has taken out a senior secured loan worth $750 million ($932 million Canadian dollars) – with the possibility of borrowing $500 million more – in a deal with investment management …
Hexo CEO: Canada’s cannabis sector ‘entering most competitive phase’
Cannabis producer Hexo Corp. reported a net loss of 21 million Canadian dollars ($17 million) for its second quarter ended Jan. 31 as its chief executive said the Canadian industry was entering its “most competitive phase” yet. Ottawa, Onta…
South Dakota trade group forms to aid prospective marijuana businesses
As South Dakota works to implement medical and recreational marijuana programs passed by voters in 2020, a new trade group seeks to assist cannabis companies in the state.
South Dakota trade group forms to aid prospective marijuana businesses is a post…
Missouri revokes licenses of overdue medical cannabis operators
Missouri medical cannabis regulators are revoking the licenses of some businesses that haven’t met their one-year cutoffs to open and didn’t receive extensions. Permits revoked so far include a handful of marijuana manufacturing, transport and testing …
Aphria, Tilray to host April shareholder meetings about planned merger
Aphria and Tilray will host special shareholder meetings next month on the proposed merger between the cannabis producers, the companies said. The meetings will be held via live audio webcast for Aphria and Tilray shareholders on April 14 and April 16,…
Regulators crack down on Michigan credit union’s marijuana banking
An independent federal agency cited a Michigan credit union for failing to comply with marijuana banking regulations and ordered the financial institution to stop opening new cannabis accounts. American Banker reported that the case involving Live Life…