Schwazze borrows $95 million, acquires New Mexico cannabis operations
Colorado cannabis company Schwazze raised $95 million in capital and struck a deal worth $42 million for acquisitions in New Mexico.
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Colorado cannabis company Schwazze raised $95 million in capital and struck a deal worth $42 million for acquisitions in New Mexico.
In a rare move for the marijuana industry, the city of Portland, Oregon, is financially assisting cannabis businesses negatively affected by the COVID-19 pandemic and other problems.
As in every other business, cannabis brands are vying for consumer attention amid a sea of competition.
Concerns over expanding illicit cannabis operations in Oklahoma are putting pressure on regulators and law enforcement to take action to stamp out the alleged criminal activity some argue is hiding behind the state’s booming legal medical marijuana industry.
A coalition of Vermont doctors is urging state lawmakers to cap the amount of THC allowed in all cannabis products at 15%, a move that, if implemented could have major ramifications for marijuana companies in the state.
Denver-headquartered marijuana business Colorado Harvest Co. terminated a deal in which it was to be acquired by Florida-based Stem Holdings, known as Driven by Stem.
A cannabis cultivation cap in Santa Barbara County enacted more than two years ago was intended to prop up the legal market and appease industry critics in one of the state’s largest growing regions.