Ohio cannabis regulators issue almost $213,000 in advertising …
WEBAug 27, 2024 — Ohio marijuana regulators issued $212,500 in fines to five cannabis companies – including two that are publicly traded – for various advertising moves that weren’t preapproved in the days leading up to the recreational cannabis market launch on Aug. 6.. The state’s Division of Cannabis Control punished Greenleaf Apothecaries, …
UFCW says membership growing in states with organized …
WEBJohn Schroyer September 3, 2024. Megan Caravalho, the national campaign coordinator for the UFCW’s cannabis program, spoke in advance of Labor Day about the union's cannabis focus. As the U.S. cannabis industry has grown, so has the industry’s participation in organized labor unions, a development worth noting in wake of the Labor Day weekend.
Irwin Naturals files for Chapter 11 bankruptcy - Green Market Report
WEBAug 13, 2024 — Now, the supplements company has filed for Chapter 11 bankruptcy. Green Market Report reported in July that Irwin Naturals quit making payments on the $40 million loan provided by EWB. The bank responded by suing the company and accusing CEO Klee Irwin of self-dealing and diverting funds from the company. To prevent further diversion …
Report: IRS official says rescheduling may bring new 280E …
WEBSep 24, 2024 — A lawyer for the Internal Revenue Service told a group of accountants in Denver recently that despite the ongoing marijuana rescheduling process – which should nullify the 280E section of the federal tax code for state-legal cannabis companies – the tax policy will be enforced until rescheduling is completed. And after that, the attorney …
Despite governor’s report, most Illinois social equity businesses …
WEBAug 22, 2024 — The breakdown of operational social equity businesses includes: There’s a total of 221 marijuana dispensaries open in Illinois as of July 26, including 55 medical and the 111 social equity shops, the IDFPR reported. There are 21 operational cultivation centers and six licensed testing labs, according to the Department of Agriculture.
Green Market Report
WEBSep 30, 2024 — Ohio exceeds $87 million in adult-use marijuana sales in first two months. Compared with some neighboring markets, Ohio’s adult-use launch has been rather successful. 0 8 min. Business Private. October 3, 2024 Adam Jackson.
Sunburn Cannabis rises to the top of Florida's medical sales …
WEBJul 19, 2024 — A rising star. Founder and CEO Brady Cobb previously sold Florida-based Bluma Wellness to Cresco Labs for $213 million, but he didn’t stay out of the market for long. In 2022, he purchased 11 distressed dispensaries and a large grow facility from MedMen for $63 million. On top of the stellar per-store sales, Sunburn secured $34 …
Dutchie Gets $1.7 Billion Valuation, Buys Greenbits, LeafLogix
WEBMar 16, 2021 — One of the fastest-growing cannabis tech platforms Dutchie said it completed its $200 million Series C, at a $1.7 billion valuation. The company’s latest funding round is led by Tiger Global, with participation from new investors Dragoneer and DFJ Growth, and from existing investors including Casa Verde Capital, Thrive Capital, Gron …
The Daily Hit: October 2, 2024 - greenmarketreport.com
WEB5 days ago — News from: Tilray Brands, Arkansas, IM Cannabis and more. The Daily Hit is a recap of the top financial news stories for Wednesday, October 2, 2024.
Viola Entering the Chicago Cannabis Market - Green Market Report
WEBJun 21, 2023 — A familiar name in the cannabis world is coming to Broadview, where a Viola retail store is set to open in the next week. It’s the latest among the roughly two dozen new pot shops to open since the state of Illinois awarded 192 licenses last year after lengthy legal delays. Preliminary licenses were issued just as private funding dried up and ...