Receiver appointed for Red White & Bloom cannabis subsidiary in Michigan
A Michigan circuit court has appointed a receiver for the assets of PharmaCo, a property of Canada-based cannabis multistate operator Red White & Bloom Brands.
Opportunities abound with distressed marijuana businesses – but use caution
Because there is a dwindling number of states that haven’t legalized medical and/or recreational marijuana, it is easy to be fooled into believing opportunities to get a cannabis business license would likewise be shrinking.
Opportunities abound, however.
Judge nixes GTI plans to open medical cannabis stores at Circle Ks in Florida
A Florida administrative law judge has upheld a 2022 decision by regulators to reject a plan by multistate operator Green Thumb Industries to open medical cannabis dispensaries near or adjacent to Circle K stores.
Cannabis financial services firm Safe Harbor cuts $1.2M liability in new deal
Cannabis industry finance company Safe Harbor Financial has eliminated $1.2 million of indemnity liability through a four-year extension and modification of its agreement with Partner Colorado Credit Union.
Colorado shut out of marijuana rescheduling hearings by ‘biased’ DEA, filing alleges
The U.S. Drug Enforcement Administration rejected a September request from Colorado officials to participate in the United States’ historic marijuana rescheduling process.
Ohio recreational cannabis sales surpass $242 million in 2024
Ohio recreational cannabis retailers recorded $242.2 million in sales in 2024 – only five months after the state launched its adult-use market.
Agrify sells cannabis cultivation business for $7 million
Cannabis company Agrify Corp. on Monday announced a deal to sell its cultivation operation for $7 million to an investment firm affiliated with former CEO Raymond Chang.
