Cannabis social equity experts warn newcomers of difficult …
6 days ago · A trio of Black cannabis entrepreneurs and social equity advocates warned newcomers to the marijuana trade during a Wednesday panel at MJBizCon in Las Vegas that the capital fundraising landscape is a harsh one, and that many in such scenarios wind up relying on money from friends and family or potentially predatory venture capital investors.. Some predatory investors that have tried taking ...
Rescheduling hearing starts under cloud of allegations
Dec 2, 2024 · The Drug Enforcement Administration’s (DEA) administrative law tribunal’s preliminary hearing gets underway today on the U.S. Department of Justice’s proposal to reschedule cannabis. It starts under a cloud of allegations regarding the agency’s bias towards anti-cannabis factions.. Chief Administrative Law Judge John Mulrooney II …
Cannabis finance experts at MJBizCon predict ongoing uncertainty …
3 days ago · A swath of cannabis financial gurus who spoke at the MJBizCon Finance Forum in Las Vegas on Tuesday morning shared a wide array of tips, thoughts and insights that essentially boiled down to one major theme: Ongoing uncertainty for everyone in the cannabis trade, particularly with the newly-elected Donald Trump poised to retake the White House next month.
LeafLink projects cannabis market to reach $55 billion by 2030
3 days ago · Despite the headaches that many in the cannabis industry have endured, wholesale platform company LeafLink mined its data to determine that by 2030, the U.S. cannabis market is projected to reach around $55 billion. That would put the growth at an annual rate of 11%.
Judge gives initial OK to $8M Aurora Cannabis class-action …
Oct 16, 2024 · A federal judge granted preliminary approval to an $8.05 million settlement between Aurora Cannabis Inc. (NASDAQ: ACB) and investors who accused the company of misleading them through an boomerang deal to inflate its revenue, Law360 reported.. U.S. Magistrate Judge James B. Clark III gave the initial nod to the proposed settlement on Oct. 10, setting the stage for a final approval hearing on ...
StateHouse files for bankruptcy in Canada, officially enters US ...
Oct 11, 2024 · 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.
Michigan marijuana market sets another sales record despite …
Sep 19, 2024 · This story was republished with permission from Crain’s Detroit.. Despite increased regulator crackdowns and a new competing market in Ohio, Michigan’s marijuana market continues to reach new heights.. The regulated market set another new sales record in August with the industry selling more than $295.4 million worth of marijuana, up nearly $7 million from the previous monthly sales record ...
Acreage says fixed shares worth zero in Canopy USA deal
Nov 25, 2024 · Holders of Acreage Holdings’ (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF) fixed shares will likely get nothing when Canopy Growth (TSX: WEED) (Nasdaq: CGC) acquires the U.S. cannabis operator next month, a stark yet unsurprising reversal from the deal’s multi-billion-dollar valuation half a decade ago.
The Daily Hit: December 5, 2024 - greenmarketreport.com
Dec 5, 2024 · The Daily Hit is a recap of the top financial news stories for Thursday, December 5, 2024. On the Site. Marijuana companies face skeptical appeals court in commerce challenge
Canopy Growth to close Acreage deal next week
Dec 3, 2024 · Canadian cannabis producer Canopy Growth Corp. (TSX: WEED) (Nasdaq: CGC) plans to complete its acquisition of U.S.-based Acreage Holdings Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF) next Monday, finally setting a firm timeline, though the deal’s value has essentially evaporated for some.