Less than a week after pro-cannabis banking legislation was reintroduced in the U.S. House of Representatives, a parallel bipartisan measure was revived in the Senate – a move that drew applause from marijuana industry advocates. Sens. Jeff Merkl…
Marijuana Sales, Funding & Banking News
Cannabis real estate financier AFC Gamma prices Nasdaq IPO at $119M
AFC Gamma, which offers real estate loans to legal marijuana companies, priced its initial public offering on the Nasdaq exchange to raise net proceeds of roughly $118.8 million before underwriting discounts, commissions and other expenses. According t…
$1.9 trillion coronavirus stimulus package offers marijuana-related firms more options for financial help
Cannabis-related firms again face hurdles in qualifying for financial relief under the newly enacted $1.9 trillion coronavirus stimulus package, but the door has opened wider for hard-hit companies, especially small and economically disadvantaged busin…
Marijuana real estate merger creates firm worth $435 million in assets, cash
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…
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 &…
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 …
Cannabis companies anticipate added sales bump with new round of stimulus checks
Cannabis companies should expect a bump in sales from the newest round of federal stimulus payments.
Cannabis companies anticipate added sales bump with new round of stimulus checks is a post from: Marijuana Business Daily: Financial, Legal & Canna…
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…
4Front eyes Illinois expansion through $51.5M marijuana sale-leaseback deal
Marijuana multistate operator 4Front Ventures entered into definitive agreements to finance the construction of a massive $51.5 million cultivation and processing facility in Illinois through a sale-leaseback arrangement. The agreements call for San Di…
Cannabis tech platform Dutchie raises $200M, acquires Greenbits, LeafLogix
Cannabis retail technology platform Dutchie has raised $200 million in a Series C funding round it says values the company at $1.7 billion. The funding round was led by investment firm Tiger Global and also included previous investors Casa Verde Capita…