The Maine Office of Cannabis Policy is under investigation by a legislative committee at the state Capitol in Augusta. State Rep. David Boyer confirmed the investigation by the Committee on Government Oversight to WGME this week and said the committee members voted unanimously to launch an investigation at his request. …
Tag: Investing
Colorado cannabis sales post weakest January since 2017
Colorado cannabis sales started the year at their lowest January level in eight years, according to new monthly data from the state, following a year that saw total revenue fall below $1.4 billion for the first time since 2016. Total marijuana sales reached $113.6 million in January, down 1.6% from …
Story Cannabis gets second cash infusion from AFC Gamma, this time for Ohio expansion
Privately held multistate operator Story Cannabis received a second cash infusion from Florida-based Advanced Flower Capital (Nasdaq: AFCG), formerly known as AFC Gamma, to the tune of $15 million, which it intends to use to fund more expansion in Ohio. The loan – which was technically awarded to an Ohio-specific …
Marijuana industry advocates pivot to protecting gains made in recent decades
Following roughly two straight decades of political progress for cannabis in the United States – with nary an election cycle seeming to pass without a statewide marijuana ballot measure winning somewhere in the country – activists now must pivot from opening up new markets to maintaining the legal ones already… …