Many multistate cannabis operators are shouldering significant financial burdens, yet some have been able to close significant equity deals in recent weeks. A new report from Zuanic & Associates analyzed the debt profiles of 20 U.S. multistate operators, spotlighting the financial health of some the largest cannabis corporations in the …
The Daily Hit is a recap of the top financial news stories for Sept. 21, 2023. On The Site Innovative Industrial Properties Gets Investor Lawsuit Dismissed An investor lawsuit that accused cannabis REIT (real estate investment trust) Innovative Industrial Properties (IIP) (NYSE: IIPR) of knowing about a fraudulent scheme by its tenant Kings …
Medical and recreational marijuana sales in Montana hit a record high in August of $28.6 million, according to state data, up a notch from July when sales were $28.5 million. Last month, Montana dispensaries sold $4.6 million of medical marijuana and $23.7 million of recreational cannabis, the state Department of …
The upcoming Minnesota Office of Cannabis Management now has a leader: Erin DuPree, founder of hemp goods store Loonacy Cannabis Co. in Apple Valley that sold low-dose THC products. DuPree was named to the post by Gov. Tim Walz on Thursday, Minnesota Public Radio reported, chosen from a pool of …