Day: March 3, 2021

Evanston, IL becomes the first US city to use legal market marijuana taxes for reparations towards the Black community. The post Illinois city uses weed sales tax for reparations appeared first on Leafly. Read More: Illinois city uses weed sales tax for reparationsContinue Reading

Canada’s government is extending a pandemic-related wage-subsidy program that has been tapped by more than a dozen federally regulated cannabis producers. The Canada Emergency Wage Subsidy (CEWS) program, which subsidizes wages for employers that have lost revenue because of the COVID-19 crisis, was set to expire March 13. The programContinue Reading

California-based Terra Tech Corp. said Wednesday it finalized a deal to acquire another West Coast marijuana multistate operator, Umbrla, which does business as Unrivaled and includes multiple MJ brands in its portfolio. Terms of the deal were not disclosed other than the merger was an “all-stock transaction.” But Terra TechContinue Reading

Voters in Vermont’s biggest city, Burlington, as well as the state capital, Montpelier, and at least 16 other towns approved recreational cannabis sales in their communities. At least 27 cities and towns went to the polls Tuesday to decide whether to allow recreational cannabis businesses, the Montpelier-based VTDigger reported. TheContinue Reading

Federal prohibition continues to shudder on-ramps for marijuana companies to use traditional means to reach consumers and strengthen brand identity. Marijuana marketing tips in the age of federal prohibition and COVID-19  is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Read More:Continue Reading

Multistate marijuana operator MariMed said it has raised $46 million to support acquisitions and repay most of its long-term debt. Hadron Healthcare Fund is providing the capital, including an initial $23 million on March 2, in exchange for MariMed stock and warrants. The fund is managed by Hadron Capital, whichContinue Reading