Month: July 2019

Harvest Health & Recreation, a Phoenix-based multistate cannabis operator, secured up to a $225 million loan to help accelerate growth. The loan, to be structured in three $75 million tranches, is backed by Miami-based Torian Capital Partners. Harvest said the proceeds will be used for:  Working capital.  Strategic acquisitions.  GeneralContinue Reading

The California Bureau of Cannabis Control is reopening the application period for cities and counties to apply for a portion of $10 million in state funds. The funds were set aside last year to support social equity programs in the cannabis industry. The grant money, which was established last yearContinue Reading

Arizona-based Harvest Health & Recreation said it will challenge the decision by Pennsylvania regulators to revoke the license of a medical cannabis cultivation operation it recently acquired. Regulators refused to renew the permit of Agrimed Industries one month after a surprise state inspection found numerous violations, including nonfunctioning security camerasContinue Reading

A cannabis retailer near the Massachusetts–New York border says New Yorkers make up more than half of its customers. Other shops are seeing similar patterns. The post The Massachusetts Cannabis Market Is Booming—Thanks to New York appeared first on Leafly. Read More: The Massachusetts Cannabis Market Is Booming—ThanksContinue Reading

Nearly 37% of the senior-level jobs at cannabis companies are held by women, according to a Marijuana Business Daily survey. Although the number of women holding top spots has vacillated since 2015, the percentage of women top executives in the cannabis space is still far higher than the national averageContinue Reading