A federal lawsuit brought by several marijuana companies hoping to overturn cannabis prohibition through the courts is back in play. Green Market Report reported that the original lawsuit was filed in October last year by Chicago-based multistate operator Verano Holdings Corp. (OTC: VRNOF), along with Massachusetts-based Canna Provisions, Wiseacre Farm, …
Green Thumb nabs ‘first-of-its-kind’ $150 million credit facility
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 …