Verano Holdings Corp. (OTCQX: VRNOF) (CSE:VRNO) has simplified its capital structure by completing the conversion of all its outstanding class B proportionate voting shares (“PV shares”) into
New Rec Marijuana Shops Set To Open In Boston Area
Massachusetts-based Blue River will open its first adult-use cannabis retail locations in the greater Boston area in the coming weeks.
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Specialty finance company, Silver Spike Investment Corp. (NASDAQ: SSIC) was formed to invest across the cannabis ecosystem through investments such as direct loans to and equity ownership of privately held marijuana companies.
Even top multi-state operators (MSOs) are feeling the impact of the demand and supply capital imbalance faced by the cannabis industry, says Cantor Fitzgerald's Pablo Zuanic who noted that refinancings are being undertaken at higher than normal costs.
Federal prohibition makes it difficult for a cannabis business to operate fair and square. Not only is it depriving them from access to the financial system, but it also denies them the right to any U.S. federal income tax deduction for ordinary and necessary business expenses, despite being recognized as a legal business on the state level.
Big Apple's First Rec Marijuana Store To Kick Off Sales
Housing Works Cannabis Co plans to launch cannabis sales at its Manhattan-based store next week.