Day: August 17, 2020

On:

Medicine Man Denver, a Colorado-based cultivator and retailer, and Schwazze, formerly Medicine Man Technologies, terminated their agreement, effective Aug. 20. Medicine Man Technologies formerly operated as the consulting arm of Medicine Man Denver. The deal was terminated Aug. 13, according to Schwazze’s second-quarter earnings release. Andy Williams, president and co-founderContinue Reading

On:

Marijuana multistate operator Acreage Holdings continues to prevail in its legal efforts to thwart Maine and, now, its largest city from favoring homegrown businesses in the state’s impending adult-use market. A federal judge ruled Friday that Portland can’t enforce scoring criteria that give licensing preference to locally owned marijuana businesses,Continue Reading

On:

AFC Gamma, a real estate investment trust (REIT), raised $80 million that, coupled with a $40 million credit line, gives the West Palm Beach, Florida, firm approximately $120 million to lend to marijuana businesses. According to a news release, more than 20 large family offices participated in the equity raise.Continue Reading

On:

Things have moved slowly since Thailand’s parliament voted to approve a medical marijuana program in December 2018—which is hardly surprising, given that Southeast Asia has some of the world’s most draconian cannabis laws. But on Aug. 4 the Thai cabinet signed off on a proposal to finally allow commercial cultivation,Continue Reading