Tag: CBT > News: Page 75

Canadian Cannabis Market

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.

May 2, 2022

Legislation and Regulation

Alaska House Votes to Remove Minor Cannabis-Related Convictions From Public Records

Rep. Jonathan Kreiss-Tomkins’ House Bill 246 would seal the records of about 8,500 Alaskans convicted of low-level crimes.

May 2, 2022

Legislation and Regulation

Ohio Cannabis Advocates File Lawsuit Against Lawmakers For Attempt to Block 2022 Initiative

State legislators are arguing that the group’s petition needed to be approved, not just submitted, ahead of a signature deadline.

May 2, 2022

Finance

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.

May 2, 2022

Canadian Cannabis Market

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.

May 2, 2022

Maryland

CULTA Takes Home Awards for Digital Branding and Creative

The Maryland cannabis company received multiple awards from the AVA Digital Awards and Hermes Creative Awards.

May 2, 2022

Finance

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.

April 29, 2022

New Hampshire

New Hampshire Cannabis Legalization Effort Another Senate Bust

The state Senate killed a pair of House-passed bills, one of which would have allowed for adult possession and home cultivation.

April 29, 2022

Legislation and Regulation

Legislation to Protect Louisiana Employees Who Use Medical Cannabis Stalls in Committee

Lawmakers deemed Rep. Mandie Landry’s bill unnecessary since employers can make changes to their policies about medical cannabis and the workplace without a new law.

April 29, 2022

Industry Headlines

HEXO Announces Leadership Transition; Company Appoints Charlie Bowman as Chief Executive Officer and Julius Ivancsits as Chief Financial Officer

Scott Cooper steps down, and the Board of Directors acknowledges Cooper in stabilizing the company.

April 29, 2022

Banking Bill Cannabis Industry

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.

April 29, 2022

Georgia

Medical Cannabis Company Sues Georgia Regulators, Alleges Licensing Process Was Marred By ‘Conflict of Interest’

Cumberland Curative has filed a lawsuit against the Georgia Access to Medical Cannabis Commission, claiming that the company was wrongfully excluded from winning a license.

April 28, 2022