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Ascend Wellness Holdings Signs Definitive Agreements to Issue $235 Million of Senior Secured Notes The company secured funding with a 12.75% coupon and a five-year term; the net proceeds will refinance an existing term loan.

New York on Pace to Sell $520M of Cannabis in 2024; Could Crack $700M The state’s recent sales boom features weekly store openings and increased enforcements efforts, marking a U-turn from a dismal 2023.

California State Fair allows sale and consumption of marijuana for first time ever For the first time, you can buy and use marijuana on the fairgrounds at the California State Fair. On Friday and Saturday, folks are only allowed to consume non-inhalable products like… The post California State Fair allows sale and consumption of marijuana for first time ever appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

N.Y. loosens advertising rules for retail cannabis shops In the wake of complaints about New York’s draconian rules governing advertising by licensed cannabis retailers, regulators this week approved changes that will allow the businesses to tout their locations… The post N.Y. loosens advertising rules for retail cannabis shops appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Minnesota to Open Social Equity Cannabis Business License Preapproval Window on July 24 The Minnesota Office of Cannabis Management (OCM) will open the cannabis business license preapproval window on July 24 for applicants who have been verified that they meet social equity eligibility requirements. This is the next step applicants need to take to be considered in the launch of Minnesota’s new cannabis industry.

House Lawmakers Vote To Block Federal Marijuana Rescheduling The House Appropriations Committee on Tuesday approved legislation to block the Biden administration’s ongoing efforts to reschedule marijuana and ease restrictions on the drug under federal law. The Republican-led panel… The post House Lawmakers Vote To Block Federal Marijuana Rescheduling appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

25 GOP Lawmakers Condemn Cannabis Rescheduling in New Letter Sen. James Lankford and Rep. Pete Sessions spearheaded the letter sent to Attorney General Merrick Garland, saying rescheduling lacks “adequate science.”

Embattled Cannabis Commission proposes overhauling itself The move to establish a new governance structure follows months of turmoil at the agency, including calls for it to be taken over by a state receiver After two years… The post Embattled Cannabis Commission proposes overhauling itself appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

NY Cannabis Control Board Approves 100+ Licenses at Contentious Meeting A somewhat stressed out but productive New York Cannabis Control Board held a monthly public meeting on Tuesday, July 10 – aka 7/10, a cannabis concentrates holiday – to address… The post NY Cannabis Control Board Approves 100+ Licenses at Contentious Meeting appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Ohio marijuana growers, processors to be first to operate in recreational market Facilities that grow marijuana and create cannabis products will receive priority when the state doles out certificates of operation ahead of recreational sale in Ohio. A total of 14 dispensaries,… The post Ohio marijuana growers, processors to be first to operate in recreational market appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.