Silver spike Investment Corp. led a $170million loan to the privately held shryne group, a California marijuana grower, manufacturer and retailer.
The Senate of North Carolina approved a restrictive and limited license medical marijuana bill by an overwhelming vote of 35 votes to 10 on Thursday, bringing the state closer to becoming the 40th U.S. state to legalize medical marijuana.
In the first quarter of 2022, the revenue of most of the largest marijuana multi state operators in the United States decreased, reflecting seasonal factors, the decline in marijuana prices and inflationary pressures that may curb consumer spending.
Cannabinoid manufacturers have less than one week to submit data and opinions to the U.S. health regulatory authority to consider whether to allow the use of extracts such as CBD in food and dietary supplements.
Detroit finally issued its first recreational marijuana license. According to crain's Detroit business daily, doghouse farms, a planting company in the east of Detroit, has obtained a license and will soon sell marijuana in the entertainment market.
According to the retail sales data released by Statistics Canada on Thursday, the sales of regulated recreational marijuana in Canada reached a record high in March, reaching nearly 358.8 million Canadian dollars (279.6 million US dollars).
In the first month of allowing recreational marijuana sales, New Jersey marijuana retailers sold $24million worth of adult marijuana products.
Under a bill approved by lawmakers on Sunday, Minnesota adults over the age of 21 will be able to buy neuroactive industrial marijuana derived thc products in grocery stores and convenience stores.
Industrial cannabis growers who lost their crops during natural disasters in 2021 and 2020 are eligible to receive $6billion in relief from the new fund through the United States Department of agriculture.
Robert karif, the director of the US Food and drug administration, commented at the budget hearing of the US House of Representatives on Thursday. He said that he was "very committed" to making progress in CBD, but his agency needs more power to do so.
Cresco labs, a multi state operator, has successfully promoted a $38million tax credit and plans to establish cannabis cultivation and production facilities in Ulster County, New York.