Business Issues/Benchmarks: Page 96

BioPhil Natural Fibers to Open Processing Facility in Lumberton, North Carolina

The 90,829-square-foot facility is expected to create 41 new jobs in Robeson County.

Medical Cannabis Operator Files Lawsuit Challenging Minnesota’s THC Regulations

Vireo Health claims that the state’s laws discriminate against the company.

Year-to-Date, Cannabis REITs Provide Key Source of Financing for Businesses

In 2022, falling equity prices have had a chilling effect on capital raises, particularly on large equity issues, which have been confined to non-plant-touching sectors.

Executive Teams Now Requesting Applications for Medical Cannabis Business Licenses in Alabama

The newest medical cannabis market will bring several dozen new business opportunities to the Southeast U.S.

Kona Gold Beverage, Inc Signs Three Distribution Partners in Oregon, Washington and Alaska

The company expands market presence of its Ooh La Lemin beverages to new states.

California Governor Signs 10 Cannabis-Related Bills Into Law

The approved legislation ranges from interstate agreements to preemptions on local bans, restorative justice and employment protections.

MariMed to Launch Award-Winning Brands in Michigan Adult-Use Cannabis Market

The multistate cannabis operator has announced an agreement with 42 Degrees, a Michigan licensed cannabis producer and distributer, to manufacture and distribute MariMed’s award-winning brands and products in the state.

Curaleaf Completes Majority Stake Acquisition of Germany’s Four 20 Pharma

The deal solidifies Curaleaf’s strategic advantage in Germany as the country prepares for adult use.

Finding White Space in New Markets

Data suggests there is ample opportunity for edibles in the New Jersey and New Mexico cannabis markets.

USDA Awards $21 Million for Two Hemp Research Projects

The projects were selected as part of the first pool of grant recipients under the organizations Partnerships for Climate-Smart Commodity Program.

Agrios Global Sues Former Directors Over $30M Cannabis Facility

The lawsuit in Mason County, Wash., alleges the former board chairman and CEO breached fiduciary duties by unlawfully taking the property and business.

Vermont Issues First Cannabis Retail Licenses

Regulators awarded the licenses to Mountain Girl Cannabis, FLORA Cannabis and CeresMED.

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