Finance: Page 50

Cannabis Policy Advocates Urge Congress to Include Banking Reform in Next Coronavirus Relief Legislation

Advocates argue that the lack of banking access hinders social distancing efforts, increases risk of contagion, creates unnecessary financial hardship and presents other safety risks for essential businesses and patients.

The Green Organic Dutchman Receives Health Canada License Amendment for Valleyfield Hybrid Greenhouse

With all 24 zones now licensed, TGOD has the flexibility to quickly expand its operations at Valleyfield as the market develops.

Cresco Labs Completes Expansion of Cultivation and Manufacturing Facility in Pennsylvania

The expansion enables the company to triple its grow capacity and expands its manufacturing capabilities.

Oklahoma Collects Nearly $10 Million in Medical Cannabis Tax Revenue in April

April’s figures break the previous record of $7.8 million, which was set in March.

Michigan’s Cannabis Industry Grapples with New Regulations Surrounding Caregiver Products

Last month, the state abruptly cut off adult-use dispensaries’ supply of caregiver cannabis, which could interrupt the overall supply chain until licensed cultivators and processors can meet consumer demand.

Former Green Growth Brands Executive Peter Horvath to Run Hightimes Holding Corp.

Following former CEO Stormy Simon’s exit, Horvath will preside over the publishing company’s pivot to retail.

Constellation Brands Exercises Warrants to Acquire Shares in Canopy Growth

The company says the move reinforces its confidence in Canopy's ability to win long-term in the emerging cannabis industry.

Aleafia Health Secures Health Canada License Amendment for Paris Production and Extraction Facility Phase II Expansion

The 30,000-square-foot expansion is entirely dedicated to the extraction, production, packaging and distribution of finished cannabis products.

Illinois Adult-Use Cannabis Sales Surpass $37 Million in April

The state’s dispensaries sold nearly 819,000 items in the 30-day period.

Ethos Cannabis to Acquire Seven of 4Front Ventures’ Mission Dispensaries

The deal will expand Ethos’ retail footprint in Pennsylvania and allow the company to enter Maryland’s medical cannabis market.

Canopy Growth Lays Off 200 Additional Employees

In its latest phase of scaling back operations, the Canadian LP eliminated workers in Canada, the U.S. and the UK.

Navigating Vulture Investment

Investment companies looking to buy distressed assets have entered the cannabis market, and the global pandemic set the playing field in their favor.

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