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GOP Cannabis Banking Reform Sponsor Says Senate Vote On Hold Until It's Clear House Will Pass It
Friday, October 13, 2023 - 4:11pm | 543Sen. Steve Daines (R-MT), co-sponsor of the bipartisan cannabis banking bill, says the Secure and Fair Enforcement Regulation (SAFER) Banking Act will remain on hold until there's more certainty of its acceptance in the GOP-controlled House of Representatives. Daines made the...
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EXCLUSIVE: The Metrics That Matter — Or How To Understand The Value Of Cannabis Companies
Thursday, September 28, 2023 - 1:35pm | 870Cannabis companies led by teams who understand the importance of cash flow and how to work a balance sheet while keeping things "lean and mean" are "going to be the winners." That's according to Jessica Straw, EIR director at Progress Partners, who joined the Benzinga...
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SAFE Banking Has 10 Republicans Votes Needed For Passage, According To Cannabis Industry Insider
Tuesday, June 20, 2023 - 11:54am | 922The issue of marijuana banking has been a pressing concern for the cannabis industry for the past several years. Passed seven times on a bipartisan basis in the House of Representatives, the SAFE Banking Act has never quite had enough support to make it through to the...
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As Instagram Bans Curaleaf's Main Account, Will Twitter Step In To Fill The Social Media Void For Cannabis?
Wednesday, March 29, 2023 - 4:20pm | 752Instagram has reportedly banned Curaleaf Holdings Inc.'s (OTCQX: CURLF) primary active account, citing a breach of its community guidelines. "Per a source familiar with the decision, Instagram banned @Curaleaf_Inc's main active account within the past hour," recently tweeted...
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Is Market Pressure Hindering Cannabis Real Estate Investment? Ask Rob Sechrist At The Cannabis Capital Conference In September
Monday, July 18, 2022 - 2:44pm | 712Rob Sechrist, from what we've observed, loves talking about how market pressure - such as it is these shaky days - is not an obstacle for what he calls "the cannabis REIT parade." President of Pelorus Equity Group and co-manager of the Pelorus Fund, a cannabis...
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Pelorus Equity Group Provides $16.98M Debt Financing To Royal Emerald Pharmaceuticals For New Facility Location
Tuesday, March 8, 2022 - 9:13am | 487Pelorus Equity Group, a company that provides real estate loans for cannabis businesses, has provided $16.975 million of non-dilutive real estate debt financing to Royal Emerald Pharmaceuticals for the purchase of a new facility location in Desert Hot Springs, California. Formerly a Kmart...
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Real Estate Execs On Maximizing Cannabis Capital Efficiency Via REIT Relationships
Friday, October 15, 2021 - 3:20pm | 751At the Benzinga Cannabis Capital Conference Thursday, Rob Sechrist, president of Pelorus Equity Group and co-manager of The Pelorus Fund, Anthony Coniglio, CEO of Newlake Capital Partners Inc (OTCQX: NLCP) and Robert Holmes, CEO of Viridescent Realty Trust participated in a panel discussion of the...
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Cannabis Investors On Accessing Capital Through Alternative Methods: 'Sale-Leasebacks Are Very Real'
Monday, June 1, 2020 - 4:23pm | 730Accessing capital through traditional methods like equity or debt financing has become increasingly difficult for cannabis businesses. On Monday, a panel of experts gathered online at the Benzinga Virtual Cannabis Capital Conference to discuss alternative solutions to accessing capital and...
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Cannabis Execs Tackle Branding, Pot Stock Valuations: 'Dispensaries Are The Brand'
Monday, February 24, 2020 - 1:40pm | 560No significant brand exists in the cannabis space. That was the eye-opening statement JW Asset Management President Jason Wild made Monday at the Benzinga Cannabis Capital Conference in Miami Beach. Wild's rationale: when a brand drops out of any dispensary, the store won't see a...