By Dan Roda, chief credit officer, Safe Harbor Financial The cannabis industry is still grappling with legal complexities, stigma and evolving regulations, making traditional financing options more difficult to access. Banks and financial institutions often view cannabis businesses as high-risk due to the federal status of cannabis, despite its legalization …
Tag: Midwest
Nova Net Lease faces low cash balance
Cannabis real estate investment trust company Nova Net Lease REIT (CSE: NNL.U) (OTCQB: NNLRF) announced its financial results for the second quarter ending June 30, 2024. As of June 30, 2024, the REIT, through its subsidiaries, owned one investment property and had an investment in a joint venture that owned two …
The Cannabist exits Florida as the company reduces its footprint
This article has been updated. The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) is continuing its efforts to pare down operations as it sells off its Florida assets to a joint venture between privately owned multistate operators Mint Cannabis and Shango. “We are pleased to announce our definitive …
Hundreds of New York CAURD shops still trying to open
The New York Office of Cannabis Management recently announced that the 164th licensed recreational marijuana dispensary in the state opened its doors on Aug. 16. But there are still at least 300 more “justice-involved” conditional adult use retail dispensary (CAURD) permitholders trying to get open, noted Jayson Tantalo, one of …