Business Issues/Benchmarks: Page 131

New Mexico and New Jersey Reaping Benefits of Historic Month for Cannabis

Both states launched in April, realizing months of pent-up demand and the 4/20 holiday.

New Jersey Approved 13 Adult-Use Dispensaries; Only 12 Running

Curaleaf’s Edgewater Park dispensary missed out on the state’s April 21 retail sales launch over land-use logistics.

Cannabis Retailers Sue British Columbia Over Illegal Dispensaries on First Nations Reserves

A group of licensed dispensaries filed a lawsuit April 27, claiming that the province has failed to crack down on illegal retailers on the reserves.

Another Cannabis Dispensary Robbery Ends in Fatal Shooting

Two suspects are at large after a man was shot and killed inside a Los Angeles dispensary in the Tarzana neighborhood.

Major Canadian Retail Business Exercises Warrant on Fire & Flower Shares to Draw 35% Ownership Stake

Couche-Tard, the owner of Circle K convenience stores, delivered $38 million to Fire & Flower via this transaction.

The Green Organic Dutchman Secures Additional $4 Million Increase to Term Portion of Credit Facility

The total facility limit has been increased from $30 million to $34 million, certain mandatory prepayments have been removed, and the amendment provides additional working capital to support continued revenue growth.

Treez Opens New Engineering Hub in India

The cannabis cloud commerce provider will employ 100 engineers and technical staff in Trivandrum by the end of the year.

Fluresh Lands $25-Million Note From Federally Regulated Bank

The hefty loan signals another degree of normalization for an industry poised on the edge of impending bank reform.

Bankers Associations From All 50 States Urge Senate Leadership to Pass SAFE Banking Act

Members of the American Bankers Association and state bankers associations sent a letter to lawmakers April 28, asking them to include the SAFE Banking Act in the America COMPETES Act.

How We Launched a Dispensary

10 tips and lessons learned from vertically integrating with a retail operation.

Connecticut House Passes Cannabis Advertising, Gifting, Zoning Bill

Ahead of the state’s adult-use retail launch, lawmakers passed legislation to tighten restrictions on gifting and advertising while loosening a zoning provision

Kansas Lawmakers Begin Final Medical Cannabis Negotiations

A House and Senate conference committee met for the first time April 27 to draft a new medical cannabis legalization proposal.

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