Marijuana companies looking to access the debt market to expand their business have a new lender they can turn to for funding. Trichome Yield Corp. is intended to provide debt financing and offer a suite of professional services for emerging and establ…
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A proposed excise tax on medical marijuana in Canada could push even more patients to the black market and curb demand in the regulated market, executives, economists and patients told Marijuana Business Daily. The federal government plans to apply the…
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Two marijuana testing facilities in Alaska are being audited by a state agency amid concerns about discrepancies in potency-testing results between the sites. The state Department of Environmental Conservation’s Environmental Health Laboratory is…
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Canndescent, a major California cultivation company, has closed a $10 million Series B offering to finance the launch of new products and expand its production capacity by some eightfold. The lead investors in the raise are Floret Ventures, a San Franc…
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Ontario-based Maricann plans to acquire a hemp farm in Switzerland for 8 million Swiss francs ($8.5 million), making the Canadian medical marijuana producer the latest to seek a toehold in the lucrative European hemp market Maricann announced plans Wed…
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Seattle-based Privateer Holdings, which has long been setting benchmarks for capital raises in the marijuana sector, has set a new standard – and demonstrated that at least some deep-pocketed investors have not been spooked by U.S. Attorney Jeff …
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Citing a “zero-tolerance policy,” Nevada regulators have suspended the licenses of four of the state’s nine testing labs since July. The state’s Department of Taxation, which took over regulating the industry last summer, shut d…
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A Canadian cannabis company has upped the amount of money it raised through a new crowdfunding method aimed at smaller investors, bringing in over 60% than initially reported. True Leaf Medicine said Wednesday it raised 10 million Canadian dollars ($8….
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The California Growers Association has filed a lawsuit against the state’s Department of Food and Agriculture for allowing companies to own multiple licenses. According to The Mendocino Voice, the association has accused the department of allowin…
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A hostile takeover attempt turned friendly Wednesday when two of Canada’s largest marijuana producers agreed to bury the hatchet and combine their operations to become one of the world’s largest cannabis companies. After five days of negotiations…
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