Month: June 2020 (Page 9)

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A blueprint for company success revolves around strong company culture, open communication with employees and customers and flexible business model. The importance of culture, communication and flexibility when navigating challenging times in cannabis space is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Continue Reading

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Cannabis multistate operator Acreage Holdings obtained a $15 million short-term loan with an eye-popping 60% yearly interest rate. The secured note, received from an unidentified institutional investor, matures in four months. MJBizDaily takeaway: That astronomical interest rate, which required Acreage to put up as collateral its marijuana business facilities in threeContinue Reading

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Virginia regulators voted to rescind the medical marijuana dispensary license held by embattled multistate cannabis company MedMen Enterprises in the town of Staunton, less than a month after the state’s governor signed a bill to legalize MMJ. The conditional license was originally granted to Chicago-based PharmaCann, with whom MedMen wasContinue Reading

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Retail cannabis sales in Canada declined only slightly despite the COVID-19 pandemic, falling 0.6% from March’s record high to 180.1 million Canadian dollars ($132.7 million) in April. The new monthly retail sales data from Statistics Canada bode well for Canada’s cannabis industry, showing continued demand for regulated adult-use marijuana evenContinue Reading

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A group behind legalizing recreational marijuana in Montana said it is submitting for verification roughly 52,000 signatures – more than double the required amount – to qualify a November ballot initiative that would regulate and tax adult-use MJ sales in the state. New Approach Montana started collecting signatures May 9,Continue Reading

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Insurance reimbursements for medical cannabis in Germany continue to reach fresh quarterly records, according to new data for the January-March period. In the first quarter of 2020, total reimbursement of cannabis and marijuana-related medicines reached 38.9 million euros ($43.7 million), the German National Association of Statutory Health Insurance Funds (GKV-Spitzenverband)Continue Reading