Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) said it has closed on a $150 million syndicated credit facility, according to a news release Thursday. The five-year facility, led by Valley National Bank, carries an interest rate of Secured Overnight Financing Rate (SOFR) plus 5%. In other words, the interest rate …
Lessons learned from Washington state’s marijuana regulations for the US after rescheduling
With cannabis rescheduling potentially happening at some point in the next few years, a big unknown is still what that would actually look like for existing markets. But, according to one researcher, Washington state’s decade-old regulatory framework for its legal market could serve as a solid launch pad. The state’s …
The Daily Hit: September 10, 2024
The Daily Hit is a recap of the top financial news stories for Tuesday, September 10, 2024. On the Site New York cannabis regulators add more recreational licenses, further tweak rules The Cannabis Control Board introduced a measure that would allow licensees to apply for a waiver to the 1,000-foot …
Missouri task force created to combat illicit cannabis
The Missouri attorney general’s office teamed up with the state Division of Alcohol and Tobacco Control to launch a new task force aimed at “the spread of unregulated psychoactive cannabis products,” as a spinoff of the new crackdown on intoxicating hemp goods in the midwestern state. During a press conference, …