Marijuana MSO Ayr Wellness to defer paying $69 million in debt obligations
Multistate marijuana company Ayr Wellness has reached agreements to defer by two years principal or amortization payments on debt obligations worth roughly $69 million.
New Jersey MMJ Business News
Multistate marijuana company Ayr Wellness has reached agreements to defer by two years principal or amortization payments on debt obligations worth roughly $69 million.
TerrAscend Corp., a North American marijuana multistate operator, plans to raise $15 million in two private placements.
The U.S. cannabis industry is benefiting from long-desired tax relief now that an increasing number of states – 20 so far – have approved laws that exempt, or “decouple,” businesses from Section 280E of the federal tax code.
MJBizDaily mapped a series of visuals illustrating where each marijuana multistate operator is operational.
State regulators and government officials nationwide are taking steps to ramp up enforcement against cannabis companies that fail to pay vendors, taxes or business fees.
New Jersey regulators revoked marijuana cultivation and manufacturing licenses from an operator in the state over unpaid fees.
New Jersey’s cannabis regulator says the state’s first two recreational-only marijuana retail stores are now open after being granted licenses.