Cannabis banking-compliance innovator Sundie Seefried is transitioning from her broader role as CEO of a Colorado credit union to a sole focus on cannabis issues. Seefried is stepping down from her longtime position as chief executive of Partner Colora…
Marijuana Sales, Funding & Banking News
Cannabis MSO Green Thumb nets $100M through initial US stock sale
Cannabis multistate operator Green Thumb Industries said it accepted an offer to sell $100 million of stock to a single institutional investor as part of a previously announced securities offering in the United States – a first for the company. C…
Colorado’s total marijuana sales near $10 billion, buoyed by record 2020
Colorado’s total marijuana sales reached nearly $10 billion since legal sales began in 2014.
Colorado’s total marijuana sales near $10 billion, buoyed by record 2020 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness n…
Marijuana real estate lender AFC Gamma to raise up to $105M in IPO
Marijuana industry real estate investment trust Advanced Flower Capital, also known as AFC Gamma, is planning an initial public offering on the Nasdaq exchange that’s intended to raise $94.4 million to $105.6 million. The offering would involve t…
SBA nominee indicates openness to examining marijuana restrictions
President Joe Biden’s nominee to run the U.S. Small Business Administration said during a Senate confirmation hearing that she will examine SBA rules regarding state-legal marijuana businesses and overall is committed to serving small businesses “in ne…
Funding for marijuana companies surges after Democrats win control of White House, Congress
A Democratic election trifecta – control of the White House and both chambers of Congress – is giving marijuana industry executives hope for federal reform and encouraging investors to pump a record amount of money into cannabis businesses …
Cannabis delivery platform Lantern on its own after Uber-Drizly deal
Lantern, a cannabis delivery platform that started operations in 2020, will operate as an independent private business in the wake of the sale of sister company Drizly to Uber. San Francisco-based Uber Technologies on Tuesday announced an agreement to …
Outlining your cannabis business plan on paper can avoid partnership disputes later
Partnership disputes—whether between business partners or owners and investors—continue to be an ugly feature of the cannabis industry. Such conflicts can be costly and time-consuming; plus, they can sink a cannabis company. But there are steps compani…
A marijuana SPAC can expedite going public, but research on the partner is key
When Jessica Billingsley announced in October 2018 that she was taking Denver-based cannabis technology company MJ Freeway public by merging it with a so-called “blank-check” company, she was on the vanguard of an increasingly popular way for privately…
Report: Cannabis contributes $2 billion annually to Washington state economy
The legal cannabis industry has grown at a “staggering rate” in Washington and now contributes roughly $2 billion a year to the Pacific Northwest state’s economy, according to a new report from Washington State University. The report,…