Dec 16, 2024 · Massachusetts-based cannabis retailer and cultivator Revolutionary Clinics and its affiliated companies Revolutionary Growers and C D Services of America owe $9.6 million to various lenders and landlords. Last week, the main lender, OPCIV LLC, asked a judge to place the company in receivership.

Dec 13, 2024 · Bright Green Corporation (OTC: BGXX) quietly released its earnings in November as the company continues to insist it is in the building stage of its DEA-approved cannabis facility. Bright Green still has no revenue to report and was delisted from the Nasdaq exchange this past fall. The company’s DEA Manufacturing Registration and its DEA Importer Registration expired July 31, 2024, but ...

Dec 18, 2024 · There’s reason to be hopeful that federal marijuana rescheduling will be completed under the incoming Trump administration – possibly even passage of a new SAFE Banking bill and a new permissive federal policy on cannabis commerce from …

1 day ago · The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry.

Dec 16, 2024 · Kentucky awarded another batch of medical cannabis dispensary licenses Monday through a lottery drawing, during which Gov. Andy Beshear defended the process against criticism that out-of-state companies have dominated the new program.

Dec 5, 2024 · The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry.

Oct 3, 2024 · FiSai US Management, a holder of $50 million in The Cannabist Co.’s (OTC: CBSTF) secured notes due Feb. 2, 2026, formally notified the company’s board and CEO of its concern regarding liquidity management, underperformance and strategic missteps.. In addition, FiSai told Green Market Report that it is frustrated with the lack of a comprehensive strategic plan to address these issues.

Jan 3, 2025 · Humboldt County, part of the California Emerald Triangle’s crown jewel of cannabis production, is now in the crosshairs of a federal class action lawsuit for an eight-year-old “abatement program” that levied millions of dollars in fines on property owners over alleged marijuana-related infractions.. The suit, which was originally filed in 2022, will now be allowed to move forward with ...

Oct 16, 2024 · A federal judge granted preliminary approval to an $8.05 million settlement between Aurora Cannabis Inc. (NASDAQ: ACB) and investors who accused the company of misleading them through an boomerang deal to inflate its revenue, Law360 reported.. U.S. Magistrate Judge James B. Clark III gave the initial nod to the proposed settlement on Oct. 10, setting the stage for a final approval hearing on ...

Dec 10, 2024 · The attractiveness of the intoxicating hemp market is becoming harder for regulated cannabis companies to ignore. Fewer regulations and less oversight make the profits better and easier than grinding it out in the restrictive cannabis industry.