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 …
Recreational Marijuana News
California’s provisional marijuana licensing crisis resurfaces, possibly disrupting thousands of MJ companies
For the third time in less than four years, California lawmakers are revisiting the state’s marijuana licensing program, ostensibly to give businesses and regulators more time to get permits processed while allowing the industry to keep functioni…
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…
California awards $15 million more in cannabis social equity grants
California is handing out $15 million in grant money to 10 cities and counties that have adopted social equity programs to help get minorities and those harmed by the war on drugs involved in the legal marijuana market. The new allotment, awarded by Go…
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…
New marijuana group, including tobacco and alcohol firms, pushes for reform
The major stakeholders pushing Congress to enact sweeping federal marijuana reform just got bigger with the formation of a new band of businesses and industry experts who believe legalization is a foregone conclusion and that the real prize will be sha…
Hundreds in Arizona spend $25,000 each to enter cannabis license lottery
Nearly 400 hopeful cannabis entrepreneurs ponied up $25,000 apiece for a shot at an upcoming business license lottery, which will determine the winners of 13 new permits. According to the Arizona Republic, the state Department of Health Services receiv…
Outages involving California’s traceability system ‘causing a lot of heartburn’ for cannabis companies
Problems with the state-contracted traceability system in California is causing cannabis companies to spend thousands of dollars in extra time and money to remain in compliance.
Outages involving California’s traceability system ‘causing a …
Canada’s Aurora Cannabis files $1 billion shelf prospectus
Aurora Cannabis filed a preliminary short-form base shelf prospectus to raise up to $1 billion by issuing securities over a 25-month period. The cash raise will give Aurora “maximum flexibility to pursue strategic initiatives, which may include a…
Garland’s confirmation as AG could change Feds’ marijuana views
President Joe Biden’s pick for U.S. attorney general, Merrick Garland, was confirmed easily by a 70-30 vote in the Senate on Wednesday, a development that was cautiously hailed by two marijuana advocacy groups.
Garland’s confirmation as AG could …