Under a new plan adopted by policymakers, Delaware’s upcoming cannabis social equity program will be funded by $6.2 million in state money and “conversion” fees for its six medical marijuana companies that want to also sell recreational. In the new program, 47 of 125 recreational marijuana licenses are reserved for …
H Mart Upgrades Ecommerce CX with Real-Time Inventory Availability
Asian-American supermarket chain H Mart has migrated from a legacy commerce platform to VTEX, an upgrade that allows the retailer to leverage store inventory to provide online shoppers with real-time product availability. Additionally, H Mart customers can now order both shelf-stable and fresh products in the same cart. The composable …
Ascend Wellness secures $235M in cannabis debt deal
Ascend Wellness Holdings, Inc. (OTCQX: AAWH) announced Monday that it received commitments for a $235 million private placement of senior secured notes, marking one of the largest debt deals in the U.S. cannabis industry to date. The multistate cannabis operator plans to use the proceeds, along with cash on hand, …
Managing your green in the cannabis industry
The cannabis industry is booming, but for those running a cannabis related business (CRB), the journey to success often feels like navigating a financial jungle without a map. The federal ban on marijuana throws a wrench into the mix, creating an economic landscape where finding a reliable financial partner can …