Cannabis operator Glass House posts record revenue of $160.8 million in 2023
Marijuana Business Daily
by Chris Casacchia
13h ago
California cannabis producer and retailer Glass House Brands reported fourth-quarter improvements in gross profits and margins for the fourth quarter of 2023, leading to record revenue of $160.8 million for the full year. Cannabis operator Glass House posts record revenue of $160.8 million in 2023 is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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Minnesota lawmakers are mulling THC beverages on tap, marijuana license cap
Marijuana Business Daily
by Chris Roberts
13h ago
Minnesota cannabis operators could sell low-THC beverages on tap if changes made this week to the state’s 2023 adult-use marijuana law are finalized. Minnesota lawmakers are mulling THC beverages on tap, marijuana license cap is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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Cannabis producer Rubicon reports quarterly profit of nearly CA$900,000
Marijuana Business Daily
by Matt Lamers
13h ago
Rubicon Organics reported a modest profit of 889,166 Canadian dollars ($656,000) in its fourth quarter ended Dec. 31, 2023, but the Canadian cannabis producer's loss for the fiscal year amounted to CA$1.1 million. Cannabis producer Rubicon reports quarterly profit of nearly CA$900,000 is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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Arizona sets record with nearly $1.5B in marijuana sales in 2023
Marijuana Business Daily
by Chris Casacchia
16h ago
Arizona cannabis retailers sold nearly $1.5 billion worth of recreational and medical marijuana in 2023, a record since the state launched adult-use sales in January 2021. Arizona sets record with nearly $1.5B in marijuana sales in 2023 is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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New Zealand cannabis company Cannasouth reviewing financial health
Marijuana Business Daily
by Matt Lamers
16h ago
New Zealand medical cannabis company Cannasouth Limited has entered voluntary administration, a process that allows for an administrator to review and rearrange the financial affairs of insolvent or near-insolvent companies. New Zealand cannabis company Cannasouth reviewing financial health is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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Colorado marijuana growers can access more diverse genetics
Marijuana Business Daily
by Kate Robertson
23h ago
Colorado marijuana growers can access more diverse genetics is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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Ontario eyes CA$600 million cannabis windfall, pledges online crackdown
Marijuana Business Daily
by Matt Lamers
2d ago
Ontario’s provincial government is budgeting for a record windfall of more than 600 million Canadian dollars ($442 million) in the next fiscal year from cannabis wholesale profits and its portion of the federal excise tax. Ontario eyes CA$600 million cannabis windfall, pledges online crackdown is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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Republican senators oppose marijuana rescheduling based on global treaties
Marijuana Business Daily
by Chris Roberts
2d ago
Moving marijuana to Schedule 3 of the Controlled Substances Act, as Biden administration health officials have recommended, violates U.S. promises to other countries. Republican senators oppose marijuana rescheduling based on global treaties is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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Ayr Wellness boosts Florida marijuana cultivation facility mortgage by $8.4M
Marijuana Business Daily
by Solomon Israel
2d ago
Marijuana multistate operator Ayr Wellness is increasing by $8.4 million the size of an existing mortgage on a cultivation facility in Gainesville, Florida. Ayr Wellness boosts Florida marijuana cultivation facility mortgage by $8.4M is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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Canadian cannabis producer Organigram enters US, plans CA$25 million raise
Marijuana Business Daily
by Matt Lamers
2d ago
Organigram Holdings has dipped into its strategic investment pool to pick up a minority stake in Roxboro, North Carolina-based Open Book Extracts as part of its plan to target emerging cannabis markets in the United States and elsewhere. Canadian cannabis producer Organigram enters US, plans CA$25 million raise is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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