Marijuana financier Safe Harbor resolves $64.7 million debt

Colorado-based marijuana finance company SHF Holdings, which does business as Safe Harbor Financial, agreed to settle its $64.7 million debt with Partner Colorado Credit Union. Under the agreement, SHF Holdings will resolve the debt in exchange for a five-year, $14.5 million senior secured note with a 4.25% interest rate as well as 11.2 million Class […]

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Maryland Senate Advances Marijuana Sales Bill As State Prepares For Legalization

The Maryland Senate has advanced a bill to legalize marijuana sales to prepare the state for pending legalization, adopting a series of amendments ahead of a final vote in the chamber that’s expected soon. The legislation from Sens. Brian Feldman (D) and Antonio Hayes (D) passed on second reading in the Senate on Thursday, an […]

Marijuana lender Sweet Leaf Madison Capital closes $100 million debt facility

Marijuana industry finance company Sweet Leaf Madison Capital (SLMC) closed a $100 million debt facility, which could be increased to $200 million. SLMC said the funding came from an unspecified “New York-based global institutional special situations asset manager.” ADVERTISEMENT “Both parties will have an option to evaluate the progress and increase the debt facility to […]

Military Veterans Could Get Medical Marijuana Recommendations From Government Doctors Under New Bipartisan Congressional Bill

Bipartisan congressional lawmakers have refiled a bill to provide military veterans with access to medical marijuana. Reps. Brian Mast (R-FL) and Earl Blumenauer (D-OR), co-chairs of the Congressional Cannabis Caucus, are the chief sponsors of the Veterans Equal Access Act. The measure has been introduced several times in recent years with bipartisan support but has […]

Curaleaf acquires Utah medical cannabis retailer for $20 million

New York-based Curaleaf Holdings is spending $20 million to acquire Deseret Wellness, the largest medical cannabis retailer in Utah. The cash-and-stock deal, expected to close immediately, includes three dispensaries in Park City, Payson and Provo that have a combined annual revenue run rate of $14 million, according to a news release. ADVERTISEMENT The priciest buy […]

New York CAURD License Injunction Partially Lifted

On November 10, 2022, Judge Gary L. Sharpe of the New York Federal District Court in Syracuse entered an order enjoining New York’s retail cannabis dispensary application process in five regions of the state (Brooklyn, Central New York, Finger Lakes, Mid-Hudson and Western New York) for the Conditional Adult Use Retail Dispensary (“CAURD”) licenses (the […]

Oregon Lawmakers Propose Tweaks To Drug Decriminalization Law That Voters Approved

“We owe it to Oregonians to make sure that the voters that passed ballot measures are getting what they asked for in a more timely, transparent and accountable manner.” By Ben Botkin, Oregon Capital Chronicle Oregon lawmakers and providers who serve people with drug and alcohol addictions have a common goal: making the state’s decriminalization […]