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 …
Tag: Investing
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… …
Compressed coco coir supply chain delays cause headaches for cultivators
Coco coir is an extremely popular soilless substrate used by cannabis cultivators the world over and is in massive demand year-round as a top-sold growing media. It’s also prized for its affordability and potential for completely custom nutrient schedules so that growers can tailor their feeding regiments much more precisely …
New York approves more cannabis licenses despite injunction, pushes ahead with zoning changes
Despite an ongoing court injunction keeping New York regulators from acting on every marijuana business license type, the state’s Cannabis Control Board approved another 74 adult-use permits at its monthly meeting on Friday. The board also advanced new potential regulations governing where dispensaries will be able to set up shop. …