Mental Health and How Marijuana Helps

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There’s plenty of evidence that we have reached a new mental health crisis, especially with current global social issues. People are more desperate than ever to find a solution to the crushing feelings of anxiety, depression, and a wealth of other mental health issues. On top of traditional resources like therapy and medication, some people are turning to a new … Read More

How cannabis companies can vet celebrity partnerships, avoid (embarrassing) pitfalls

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When Canopy Growth introduced its CBD drink brand, Quatreau, to the U.S. market on March 2, the Canadian cannabis producer also announced its newest brand ambassador: American astrologer Susan Miller. Ambassadors and celebrity partnerships are familiar terrain for Canopy, already known for its ties with Seth Rogen, Snoop Dogg and Martha Stewart. And while Miller […] How cannabis companies can … Read More

Fertilizing and amending soil on outdoor marijuana and hemp farms

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Crop nutrition is crucial to a successful start for marijuana and hemp farms, and depending on the cultivator’s location and preferred style of growing, there are several factors to consider. Fertilizing and amending soil on outdoor marijuana and hemp farms is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Recreational marijuana legalization bill stalls in New Mexico, but could head for special session

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New Mexico lawmakers postponed a Senate floor vote on a recreational marijuana legalization bill as the regular legislative session ended Saturday, but the measure may be headed to a special session. Lawmakers didn’t make the Saturday noon deadline for passing the adult-use measure and sending it to Gov. Michelle Lujan Grisham, who has been pushing […] Recreational marijuana legalization bill … Read More

Court battle over one of Virginia’s five medical cannabis licenses

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Illinois-based PharmaCann has taken Virginia to court over a medical cannabis business license that the company claims is rightfully theirs, even though state officials have solicited new bids for the permit. PharmaCann’s suit requests that the application process be halted. State regulators contend the license – one of five they awarded – is fair game […] Court battle over one … Read More

OK federal judge tosses marijuana residency suit, but issue unresolved

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A federal judge in Oklahoma rejected a lawsuit challenging the state’s residency requirement for medical marijuana business owners, but the decision doesn’t resolve the issue. U.S. District Judge Stephen Friot based his March 17 decision on the federal Constitution’s 11th Amendment, which broadly prevents federal courts from hearing certain lawsuits filed against states by citizens […] OK federal judge tosses … Read More

Cannabis real estate financier AFC Gamma prices Nasdaq IPO at $119M

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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 to a news release, the Florida-based company priced the offering of 6.25 million common shares at $19 per share, […] Cannabis real estate financier … Read More

MedMen raises CA$20 million to bankroll marijuana expansion in Florida

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Financially strapped MedMen Enterprises said it raised 20 million Canadian dollars ($16 million) at CA40 cents a unit to fund growth plans in Florida’s medical marijuana market. The California-based multistate operator said that under the private placement, each unit consists of one Class B subordinate voting share and one share purchase warrant that gives holders […] MedMen raises CA$20 million … Read More

Cannabis MSO Cresco expands in Massachusetts via $90M acquisition

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Chicago-based cannabis multistate operator Cresco Labs is spending $90 million to acquire all the outstanding equity interests of vertically integrated Massachusetts operator Cultivate. According to a news release, Cresco is paying $15 million in cash and $75 million in stock for Cultivate – plus potentially up to another $68 million in earnouts if certain financial […] Cannabis MSO Cresco expands … Read More