Day: June 1, 2020

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Marijuana multistate operator Acreage Holdings, which has been slashing overhead costs and selling unprofitable assets, said Monday it has agreements in place to raise up to $60 million for working capital and other purposes. The deals, which will have a dilutive effect on existing shareholder stock, include: An agreement toContinue Reading

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Cannabis dispensaries were targeted in the weekend’s looting because they carry cash and an easily sellable product. Professional burglars also exploited slow police response times. The post 43 West Coast cannabis dispensaries report looting in weekend rioting appeared first on Leafly. Read More: 43 West Coast cannabis dispensariesContinue Reading

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Louisiana lawmakers passed two medical cannabis expansion bills on Sunday, but it’s uncertain whether the reforms will be enough to ensure the business viability of the small, heavily regulated program. The bills, which are expected to be signed by Democratic Gov. John Bel Edwards, would: Allow physicians to decide whetherContinue Reading

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There’s all sorts of turmoil in the heavens this month as most planets go in retrograde; plus, two eclipses and the Summer Solstice. Find out which weed strain will help get you through the month. The post Star signs and cannabis strains: June 2020 horoscopes appeared first on Leafly. Continue Reading

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Denver-based marijuana management platform MJardin Group terminated its planned acquisition of Nevada edibles maker Cannabella. In a short news release, MJardin disclosed only that the deal had failed to close. The arrangement has been in limbo for more than a year since MJardin announced in April 2019 its plans toContinue Reading

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Federal cannabis licenses for one of CannTrust’s facilities were reinstated, about nine months after the embattled Ontario producer was hit with suspensions over legal and regulatory breaches. In September, Health Canada suspended the licenses held by CannTrust for its Niagara and Vaughan sites over noncompliance with the Cannabis Act andContinue Reading

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A number of multistate marijuana operators are struggling, unloading assets, cutting jobs and overhead costs as well as scrapping expansion plans amid a looming recession and a shortage of investor funding. But other MSOs are doing well financially: Cresco Labs, Curaleaf, Green Thumb Industries and Trulieve, among others. What makesContinue Reading