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Week in Review: US House members reach out to Senate on marijuana banking, Cresco gets $200M in debt financing, Denver MJ store burglaries & more

Sponsors of the cannabis banking bill that passed the U.S. House appeal to the chair of a key U.S. Senate panel, lenders provide Cresco Labs $200 million in debt financing, police urge Denver marijuana store owners to take added security measures –?and more of the week’s top MJ business news. Marijuana banking reform The four […]

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Cannabis firms cautiously optimistic New York could legalize adult-use sales this year

New York Gov. Andrew Cuomo has revived the prospects for legalizing recreational marijuana sales in 2020 through the state’s Legislature, but cannabis businesses are taking a tentative approach after legalization efforts failed a year ago and similar sticking points remain. If the state approves adult-use cannabis sales, it is expected to create a multibillion-dollar recreational […]

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Illinois social equity cannabis applicants laud licensing help from consultants, technology

Many marijuana industry watchers tout the social equity program in Illinois?as one of the most far-reaching and likely to succeed in the U.S. cannabis sector. However, experts also note that for all the Illinois program’s positive intent, it is still a sometimes prohibitively expensive and burdensome undertaking for any social equity applicant. With associated expenses […]

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