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Decibel selling Prairie Records marijuana stores to Fika; CEO to retire

Canadian operator Decibel Cannabis Co. is selling its Prairie Records marijuana retail stores to retail operator Fika for roughly 3 million Canadian dollars ($2.2 million).
Decibel selling Prairie Records marijuana stores to Fika; CEO to retire is a po…

acquisitions Briefs Canada Canada retail sales CEO Paul Wilson Decibel Decibel Cannabis Decibel Cannabis Co. Decibel Cannabis Company Fika Fika Cannabis finance Fire & Flower international recreational retail

Decibel selling Prairie Records marijuana stores to Fika; CEO to retire

Canadian operator Decibel Cannabis Co. is selling its Prairie Records marijuana retail stores to retail operator Fika for roughly 3 million Canadian dollars ($2.2 million).
Decibel selling Prairie Records marijuana stores to Fika; CEO to retire is a po…

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Treasury Secretary Yellen renews support for marijuana banking reform

U.S. Treasury Secretary Janet Yellen reiterated her support of marijuana banking legislation such as the SAFE Banking Act, which would allow financial institutions to work with state-regulated cannabis businesses even though they aren’t federally legal…

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Canadian cannabis operator SNDL halves annual loss to CA$176.6 million

Alberta cannabis and alcohol company SNDL cut its annual loss in fiscal 2023 in half – to 176.6 million Canadian dollars ($130.5 million) – on strong sales growth.
Canadian cannabis operator SNDL halves annual loss to CA$176.6 million is a post from: M…

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Marijuana ETF shutting down not long after launch

Marijuana sector exchange traded fund Subversive Cannabis ETF will close down as of March 28, only half a year after launching.
Marijuana ETF shutting down not long after launch is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for …

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280E, new markets and wholesale revenue highlight cannabis earnings season

Tax strategies took the spotlight in fourth-quarter financial reports from publicly traded U.S. cannabis companies.
280E, new markets and wholesale revenue highlight cannabis earnings season is a post from: MJBizDaily: Financial, Legal & Cannabusin…

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Marijuana MSO The Cannabist Co. raises $25.75 million

Marijuana multistate operator The Cannabist Co. raised $25.75 million in senior secured convertible debentures.
Marijuana MSO The Cannabist Co. raises $25.75 million is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis ent…

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Opinion: How to determine the fair market value of your cannabis business

Whether you’re seeking investment, planning to purchase a business or gauging your company’s worth, understanding how to determine fair market value is a fundamental aspect of success.
Opinion: How to determine the fair market value of your cannabis bu…

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IRS: Marijuana cash transactions aren’t automatically suspicious

Large cash transactions by marijuana businesses should not automatically be reported as suspicious, according to new IRS guidance.
IRS: Marijuana cash transactions aren’t automatically suspicious is a post from: MJBizDaily: Financial, Legal &…

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Curaleaf buying Canadian cannabis operator with eye on global markets

Curaleaf Holdings is continuing its international expansion by signing a deal to acquire Northern Green Canada, a licensed cannabis producer focused primarily on meeting demand in the import-export market.
Curaleaf buying Canadian cannabis operator wit…