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Financial Regulator Calls Lack Of Banking Access In Cannabis A Serious Market Failure
Federal financial regulator Rodney Hood noted that marijuana legalization “in some form is going to happen, and the abdication of responsibility to address these issues in Washington is simply ludicrous.” By Nicolas Jose Rodriguez During an interview with PBC...
Florida REIT raises $80 million to lend to cannabis companies
AFC Gamma, a real estate investment trust announced they raised $80 million, coupled with a $40 million credit line. The trust was set up to give the Firm approximately $120 million to lend to marijuana businesses. According to a company news release, more than 20...
Captor Capital Corp. Partners with California Cannabis Retail Chain
Today, Captor Capital Corp. announced it entered into a joint venture with California based Three Habitat Consulting Holdco Inc., which owns and manages a retail chain of dispensaries in California under the brand One Plant. Captor and Three Habitat have set up a...
Canada’s medical cannabis market plateauing after recreational legalization – at least for now
In Canada, the number of active medical marijuana patients appears to have leveled off about a year after adult-use cannabis since cannabis legalization in 2018. However, industry insiders reveal it is too early to write off the market completely. Many experts credit...
Cannabis REIT Innovative Industrial Properties on a roll with $100M in recent outlays on cultivation, distribution sites
Since early April, Innovative Industrial Properties has spent $100 million in order to buy cultivation and distribution facilities around the nation while providing cannabis operators with sorely needed cash. The San Diego-based real estate investment trust (REIT)...
Medical Marijuana, Inc. Subsidiary Kannaway® Announces July 2020 as Best Month in Company History for Japanese Division
The first-ever publicly traded cannabis company in the United States, Medical Marijuana Inc announced today the Japanese division of its subsidiary Kannaway® reached record-high sales in Company history during July 2020. According to Prohibition Partners, China and...
HEXO Sells 33.9 Million Shares at C$1.02 Through ATM Program
On Thursday, HEXO Corp. announced it has completed its at-the-market equity program; called the “ATM Program”. Under the ATM Program, the Company sold an aggregate of 33,921,979 common shares between June 18, 2020, and July 31, 2020, through the Toronto Stock...
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