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Cannabis Industry In The Red? 'Mountains Of Debt' Are Coming Due, Green Market Report Co-Founder Says
Monday, October 21, 2024 - 9:53am | 632Debra Borchardt, the executive editor and co-founder of Green Market Report, offered a frank assessment of the cannabis industry's debt burden at the Benzinga Cannabis Capital Conference. As economic challenges continue to mount for cannabis businesses, Borchardt emphasized the importance of...
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2024 Benzinga Cannabis Awards Winners Celebrated For Industry Leadership, Innovation
Tuesday, October 8, 2024 - 7:00pm | 626The 2024 Benzinga Cannabis Award winners were announced during a celebratory event Tuesday at the end of the first day of the Benzinga Cannabis Capital Conference. The awards recognized leading individuals and companies for their exceptional contributions to the cannabis industry. Michael Berger...
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Lender Expresses Concern Over Cannabist Company's 'Pray And Hope' Approach
Friday, October 4, 2024 - 4:13pm | 549FiSai US Management, a major creditor of The Cannabist Company (OTC:CBSTF) is growing increasingly concerned over the company's management. FiSai, which holds $50 million in secured notes due in 2026, has taken the unusual step of publicly airing its frustrations, reported Debra Borchardt of Green...
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California's New Hemp Rules Could Reshape Cannabis: 'A Different Set Of Rules In Every State'
Tuesday, October 1, 2024 - 1:00pm | 538As California moves forward with emergency regulations on hemp, concerns are growing about the potential consequences for the cannabis industry. Governor Gavin Newsom‘s new restrictions, which limit the sale of hemp products, have sparked debate within the cannabis community. These changes,...
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Medical Marijuana Takes A 'Back Seat' As Adult-Use Legalization Gains Momentum
Monday, September 30, 2024 - 9:58am | 510As the cannabis industry evolves, the conversation surrounding medical marijuana appears to be shifting to the background. Once central to cannabis reform, medical marijuana now seems to receive less focus compared to adult-use legalization in policy discussions. With new state and federal...
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Cannabis Valuations Plummet: West Coast Dispensaries See Major Drops
Monday, August 26, 2024 - 4:01pm | 635The cannabis industry, once characterized by sky-high valuations and rapid expansion, is now facing a harsh reality: dispensaries that were worth millions just a year ago are now struggling to find buyers at a fraction of that price. As Debra Borchardt noted in Green Market Report, according to...
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Normalizing & Professionalizing Cannabis With Cresco Labs' CEO Charlie Bachtell
Thursday, October 12, 2023 - 10:35pm | 1112“Appreciate the opportunity to be here today,” said keynote speaker Charlie Bachtell, co-founder & CEO of Cresco Labs Inc (OTCQX: CRLBF) at the September Benzinga Cannabis Capital Conference panel discussion, moderated by Debra Borchardt, executive editor at Green Market Report...
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EXCLUSIVE: Cannabis Leaders Reveal Strategies For Success Without Relying On SAFE Banking Act
Thursday, September 28, 2023 - 8:36am | 858Marijuana businesses have been struggling to raise capital for years. Now the industry is hanging on hopes of major federal reform that would resolve the money issue. With the SAFER Banking Act approved by a Senate committee on Wednesday, optimism is rising. Still, the question is...
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Cannabis Valuation Jumps Post-Rescheduling Recommendation, Viridian Report Reveals
Monday, September 11, 2023 - 5:48pm | 746In a potentially game-changing decision, the Department of Health and Human Services (HHS) recently recommended the DEA to consider reclassifying cannabis from its Schedule I status — a classification that denotes no medical value, on par with substances like heroin — to...
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Cannabis Industry's Capital Crunch: Why It Needs More Funds Than Other Industries, Will Fed Legalization Change This?
Tuesday, August 29, 2023 - 3:46pm | 1207Recent research conducted by Viridian Capital Advisors reveals that the cannabis sector requires more capital as compared to other similar industries. The findings offer a unique perspective into the challenges the cannabis industry faces, especially considering the potential for federal...
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'The Jewel In The Crown': How Data Is Shaping Cannabis Retail, 'Customers Are Key', Says Item 9 Labs CEO
Friday, August 11, 2023 - 1:57pm | 781"Data point is definitely the jewel in your crown to be able to understand the consumer," said Sarah Kabakoff, VP of business development at Dutchie, at the recent Benzinga Cannabis Capital Conference in Miami. The cannabis industry has witnessed seismic shifts over the years, but...
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'F*ck With Me, I'm Gonna Come For Your Family:' Pot Store Owner Threatens Ex Workers & More Weed Chronicles
Tuesday, April 4, 2023 - 10:52am | 1079Elev8 Cannabis Retail Licenses Suspended After Owner’s Threats “When anger rises, think of the consequences.” - Confucius In the case of cannabis retail chain owner, Oluwaseun Adedeji, the consequence is the suspension of retail licenses. What happened The...
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Second Round: New York MSO Coalition Targets Gov. Kathy Hochul Over Lax Cannabis Enforcement
Friday, March 31, 2023 - 4:18pm | 475The Coalition for Access to Regulated and Safe Cannabis (CARSC) recently sued New York's Office of Cannabis Management (OCM) for allegedly violating the Marijuana Regulation and Tax Act (MRTA). The Claim Continues… In response to recent events, the New York MSO Coalition released a...
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Silicon Valley Bank Failure Is Just The Tip Of Financial Iceberg, Could Affect Unexpected Industries
Tuesday, March 14, 2023 - 12:19pm | 999Last week the US economy got clobbered by the biggest banking collapse since 2008 when the parent of Silicon Valley Bank, SVB Financial Group (NASDAQ: SIVB) failed to raise enough capital to continue. It's now being shopped around by bankers. The news came on the heels...
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Why Cannabis Is Recession-Resistant & Turning Challenges Into Opportunities, Industry Expert Explains
Thursday, March 2, 2023 - 12:20pm | 1022It is safe to say that the cannabis industry would not have progressed as much as it has if it were not for the people who believed in it. Cannabis advocates, lobbyists, growers, operators, consumers and researchers have consistently played a crucial role in the space. Nevertheless,...