Tennessee lawmakers reject medical marijuana bill

Tennessee will for now remain one of the few remaining states with no legal medical marijuana. A state Senate committee on Tuesday rejected a Republican-sponsored medical cannabis bill. ADVERTISEMENT There are only 11 states in the country without a full-fledged medical cannabis program. But under the Tennessee Medical Cannabis Act sponsored by Republican state Sen. […]

North Carolina Senate Passes Medical Marijuana Bill, Sending It To House As Top Lawmaker Expresses Optimism On Its Chances There

The North Carolina Senate passed a bill to legalize medical marijuana on Wednesday, sending it to the House shortly after a top lawmaker there said his chamber is positioned to enact the reform this session despite blocking similar legislation last year. The measure from Sen. Bill Rabon (R) cleared the Senate in a 36-10 vote, […]

Metrc threatens to close accounts of Michigan cannabis firms over late payments

Track-and-trace software provider Metrc is threatening to shutter the accounts of what could be dozens of Michigan cannabis companies over missed monthly payments, creating turmoil in the roughly $2 billion market. The state’s top marijuana regulator interceded Tuesday, convincing Metrc to agree to a 30-day moratorium on the suspension of accounts, MJBizDaily confirmed. ADVERTISEMENT A […]

Cannabis lender Chicago Atlantic extends credit facility by one year

Cannabis real estate financing company Chicago Atlantic Real Estate Finance extended its $92.5 million secured revolving credit facility by an additional year. The revolving loan to Chicago Atlantic’s financing subsidiary Chicago Atlantic Lincoln will now mature in December 2024 with a one-year extension option, the parent company said in a Tuesday news release. ADVERTISEMENT The […]

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