Marijuana Business Daily

Marijuana Business Daily stands out as the leading source of business information for the medical marijuana and retail cannabis sectors. The team of editors provides crucial insights and networking opportunities for dispensaries, professional growers, makers of edibles and infused products, as well as suppliers and service providers, helping them to succeed in the industry.

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Marijuana operator Story of Ohio secures $15M loan for expansion

Feb 21, 2025 | mjbizdaily.com | Margaret Jackson

Story of Ohio got a $15 million loan from Advanced Flower Capital to support its expansion in Ohio’s adult-use marijuana market.
5 utility-bill errors that prove costly for indoor cannabis growers

Feb 12, 2025 | mjbizdaily.com | Kate Lavin

Most indoor cannabis growers cringe at utility bills, but it's possible to unlock cash returns and savings.
Finance experts mixed on prospects of marijuana capital infusion

Jan 7, 2025 | mjbizdaily.com | Chris Casacchia

Finance experts disagree over the validity of rumors about a "wall of capital" entering the cannabis sector if marijuana is rescheduled.
Oregon voters approve pro-labor change to state cannabis law

Nov 8, 2024 | mjbizdaily.com | Chris Roberts

Voters in Oregon appear to have approved an organized labor-friendly change to state cannabis law that’s had mixed results in other states. With more than 80% of ballots counted, 55.7% of state voters cast yes ballots on Measure 119, which will require cannabis operators in the state to submit a “labor peace agreement” to regulators before receiving or renewing business permit, Oregon Public Broadcasting reported.
TerrAscend enters Ohio marijuana market via $10.3M acquisition

Nov 7, 2024 | mjbizdaily.com | Chris Casacchia

TerrAscend Corp., a multistate operator with an office in Canada, said it is entering the Ohio marijuana market through an acquisition. The company signed a definite agreement to buy Ratio Cannabis, which operates a retail outlet in Goshen Township, for $10.3 million, according to a Wednesday news release. The deal includes $5 million in cash, $1.3 million in TerrAscend common shares and a seller’s note for $3.9 million carrying 6% interest with a two-year maturity.
Ex-Curaleaf exec files harassment suit against cannabis MSO

Nov 6, 2024 | mjbizdaily.com | Margaret Jackson

A former senior vice president of Curaleaf Holdings alleges in a lawsuit that the cannabis multistate operator terminated her employment after she complained about sexual harassment and racist comments. Khadijah Tribble, who is Black, also alleged in the suit against New York-based Curaleaf and former CEO Matt Darin that she was fired in March 2023 after taking time off from work to deal with mental health issues she suffered after a death threat she received from a company vendor via voicemail.
Marijuana stocks tank after Election Day results

Nov 6, 2024 | mjbizdaily.com | Chris Casacchia

Marijuana stocks were reeling Wednesday on the heels of adult-use legalization failures on Election Day in Florida, North Dakota and South Dakota and the grim prospects of national MJ reform under a second Donald Trump presidency. The American Cannabis Operator Index, which includes nine U.S. publicly traded cultivators, processors, retailers and brands, was down nearly 27%, to $10.72, in afternoon trading.
North Dakota adult-use marijuana rejected; South Dakota failing

Nov 5, 2024 | mjbizdaily.com | Chris Casacchia

With nearly all votes counted, a ballot measure to legalize adult-use marijuana will fail in North Dakota. A little more than 53% of voters rejected Measure 5, which would have legalized a recreational cannabis market, according to the latest tally from The New York Times. North Dakota voters also opposed similar legalization efforts in 2018 and 2022.
Marijuana firm Agrify gets $20M from Green Thumb, shakes up C-suite

Nov 5, 2024 | mjbizdaily.com | Margaret Jackson

A Green Thumb Industries subsidiary is providing $20 million in funding to marijuana cultivation and extraction solutions company Agrify Corp., with $10 million being drawn at closing. According to a news release, Agrify also is undergoing a management shake-up in which:Chair and CEO Raymond Chang resigned and I-Tseng Jenny Chan stepped down from the board. Green Thumb Chief Executive Officer Benjamin Kovler was appointed Agrify’s interim CEO and board chair.
Election Day holds promise for cannabis industry reforms across U.S.

Nov 4, 2024 | mjbizdaily.com | Chris Roberts

For the first time, both the marijuana-reform movement and the $32 billion U.S. cannabis industry have little to fear on Election Day. In a historic first, both major-party candidates for president have signaled support for state-level marijuana legalization. And since both former President Donald Trump and Vice President Kamala Harris have signaled support for the ongoing rescheduling process, it seems marijuana could become a Schedule 3 substance sometime in 2025.