Banking has always been a challenge within the cannabis industry due to the nature of the product being federally illegal. Despite the big four banks feeling queasy about banking for illegal companies, some financial institutions are still willing to take the risk. This week, the New York Office of Cannabis …
Jones Soda taps new leaders, nabs $5M credit line
Jones Soda Co. (CSE: JSDA) (OTCQB: JSDA) found a new c-suite alongside funding as it pushes deeper into cannabis-infused beverages and other product categories, according to the company. The craft beverage maker secured a new $5 million revolving credit facility with Two Shore Capital Corp., replacing a smaller $2 million …
Ohio’s marijuana industry set for growth but needs clarity on rules to reach potential
This story was republished with permission from Crain’s Cleveland Business. With the passage of 2023’s Issue 2 enabling the launch of recreational marijuana sales last August 2024 was truly a pivotal year for Ohio’s blossoming legal cannabis industry. As 2025 kicks off, however, optimism for the state’s maturing market is …
International markets, medical focus pay off for Aurora Cannabis
Aurora Cannabis’ (NASDAQ: ACB) (TSX: ACB) bet on selling prescription cannabis in places like Germany and Australia is returning results, with third-quarter overseas sales more than doubling versus last year. The Canadian cannabis producer posted record profits and revenue in its latest quarter, driven by surging international medical marijuana sales …