When Nick Richards talks about tax issues that impact the marijuana industry, cannabis business owners need to listen.
Nick Thomas
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Denver OKs cannabis research license
The Denver City Council approved a new license to research cannabis as part of the city's moves to update its marijuana business laws. The vote was 12-1 in favor of the research permit. The Office of Marijuana Policy presented the proposal to...
Investment veteran Tim Seymour offers his insights on the marijuana sector
As a frequent contributor to CNBC, Tim Seymour is the face of cannabis for the business news network.
Marijuana firm Harvest Health discloses litigation over Interurban purchase
Phoenix-based multistate marijuana operator Harvest Health & Recreation is in litigation with Interurban Capital Group, the former owner of the Have a Heart dispensary group that Harvest acquired in March for $85.8 million. Harvest CEO Steve White unveiled that...
Advocates say cannabis multistate operators lag on social equity leadership, but opportunity remains
The U.S. cannabis industry’s record on social equity is patchy at best, and it is the large multistate operators who have generally failed so far to take significant leadership on the issue, according to social equity advocates.
Cannabis firm iAnthus defaults on interest payments, probes CEO
Multistate marijuana operator iAnthus, partially blaming the coronavirus, said it is unable to meet interest obligations totaling $4.4 million on $157.5 million in debt.
US marijuana firm Columbia Care to list on Canadian Securities Exchange
Columbia Care, a New York-based multistate marijuana operator, said it will start trading on the Canadian Securities Exchange on Tuesday.
Coronavirus impact felt in cannabis industry M&A as Harvest Health-Verano deal scuttled
The once-booming market for cannabis mergers and acquisitions is now feeling fallout from the COVID-19 pandemic, on top of all the other problems that have brought M&A activity to a virtual halt in the industry. Harvest Health & Recreation's planned...
From marijuana to hand sanitizer: Cannabis companies pivot to produce, donate essential products for coronavirus fight
Many state authorities have deemed U.S. cannabis companies “essential” businesses during the coronavirus pandemic and allowed them to keep their doors open – and now some marijuana businesses are producing an essential product to help combat COVID-19: hand sanitizer.
With a reimagined lending model, firm aims to create equitable cannabis funding
When Seke Ballard founded Good Tree Capital, his goal for the Seattle-headquartered online platform was to raise funds from accredited investors and, in turn, use that money to underwrite loans for small, licensed cannabis companies around the United States.
High-profile founders leaving US marijuana companies signals new phase for industry
A number of high-profile founders of U.S.-based cannabis companies have stepped down in the past several weeks amid continuing struggles to move their firms toward profitability. Industry experts suggest this is a sign of maturation among marijuana businesses as...
California’s Indus secures $14.5 million for cannabis expansion
Indus Holdings, a California-based vertically integrated marijuana company, said it secured up to $14.5 million in loan financing to complete a greenhouse and boost the company's profitability path. Indus, which said it will close the deal in...
