Cannabis, psychedelics on the ballot in seven states
Oct 7, 2024 · Measure 5 would legalize recreational marijuana in North Dakota. Voters rejected similar measures at the ballot box in 2018 and 2022, but the state did adopt medical cannabis in 2016. If approved, the state would be required to issue industry regulations by October of next year for up to seven grow operations and 18 recreational retailers.
Green Market Report
Nov 8, 2024 · About Us. The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source ...
Investors file $5 million class action lawsuit against High Times
Aug 6, 2024 · The cohort, led by Mark C. Donius and Jill L. Donius, filed a class action lawsuit against High Times Holding Corp. at the end of June in the District of Delaware. According to the court complaint, the Doniuses attempted to invest $5,500 in 2021 by sending a check to Prime Trust, the company that was supposedly the escrow agent for the stock.
Lowell Farms strikes deal to manage two Los Angeles cannabis …
Oct 10, 2024 · California-based Lowell Farms Inc. (CSE: LOWL) (OTCQX: LOWLF) is expanding into retail, announcing Wednesday it has reached agreements to manage two Los Angeles dispensaries with an option to buy them. According to a management services agreement, Lowell Farms’ wholly owned subsidiary, Mercati Dei Fiori, LLC, assumed operational management of ...
Connecticut cannabis sales slide in September
Oct 14, 2024 · Total cannabis sales fell to $23.4 million in September from $25.7 million in August, the Department of Health and Human Services reported. Both recreational and medical cannabis sectors slid during the month. Recreational sales dipped 7.6% to $16.6 million, while medical sales took a harder hit, dropping 10.9% to $6.8 million.
Parallel Stockholders Reject Proposed Restructuring in Billion …
Dec 6, 2023 · A group of disgruntled Parallel cannabis stockholders filed a lawsuit in the Chancery Court of Delaware rejecting the proposed restructuring of the debt-ridden cannabis company.. The lawsuit was originally filed in October but was sealed. Green Market Report was able to review a redacted version that was made public in November.. …
New Federal Legalization Bill Gives Industry Possible Rallying Point
Dec 11, 2023 · The national U.S. marijuana industry might have a viable path to a federally approved coast-to-coast market, complete with interstate commerce, if a bipartisan bill introduced late last week in the House of Representatives gains traction in Congress.. The measure is an updated, expanded version of the longstanding Strengthening the Tenth Amendment Through Entrusting States (STATES) Act ...
Global X ETFs to liquidate cannabis funds following assessment
Jan 24, 2024 · New York-based exchange-traded funds provider Global X ETFs has declared the closure of several of its funds.. The Jan. 19 decision is part of the company’s regular review process and is expected to impact less than 1% of its total assets under management.. The selection of funds marked for closure includes those focused on various sectors like cannabis, carbon credits, Chinese biotech ...
Cannabist lender fed up with being ghosted
Oct 3, 2024 · According to the letter, FiSai’s concerns stem from the fact that it is a significant lender to The Cannabist, holding $50 million of the 2026 secured notes. FiSai said it provided Hart with refinancing alternatives on Sept. 3, but the company has not provided any substantive response or engaged in meaningful discussion with its stakeholders.
Sunburn Cannabis rises to the top of Florida's medical sales …
Jul 19, 2024 · A rising star. Founder and CEO Brady Cobb previously sold Florida-based Bluma Wellness to Cresco Labs for $213 million, but he didn’t stay out of the market for long. In 2022, he purchased 11 distressed dispensaries and a large grow facility from MedMen for $63 million. On top of the stellar per-store sales, Sunburn secured $34 million in ...