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AFC Gamma lends $22M to Justice Cannabis for New Jersey operations

Marijuana industry real estate financier AFC Gamma announced a $22 million senior secured credit facility for Chicago-based multistate MJ company Justice Cannabis. Justice will use the credit facility to buy and complete construction on a 72,000-square-foot cultivation and processing facility in Ewing, New Jersey, as well as to finance construction on a dispensary in the …

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Cronos reports $161 million net loss on revenue of $12.6 million

Canadian cannabis producer Cronos reported a net loss of $161 million (195 million Canadian dollars) for its January-March quarter on net revenue of only $12.6 million, according to its quarterly financial statement released Friday. The Toronto-based company’s operating loss for the quarter was $43.5 million. Revenue was well below analyst expectations of around $16 million …

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Alabama lawmakers send medical marijuana measure to governor

A medical marijuana legalization measure is headed to Alabama Gov. Kay Ivey after lawmakers gave their final approval late Thursday. The state Senate, as expected, concurred with changes made by the House of Representatives, which passed the bill in a historic 68-34 vote earlier in the day Thursday. The state Senate had passed its version …

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Cannabis in New York: Intro to the Marijuana Regulation and Taxation Act: The Webinar Video Replay

For anyone who was unable to join our May 4th webinar, Cannabis in New York: Intro to the Marijuana Regulation and Taxation Act, we’ve got you covered! Below, please find the full presentation for your viewing pleasure. You can download the transcript HERE. Stay up to date on cannabis in New York via the Canna …

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Aurora Cannabis CEO discusses greenhouse ‘arms race’ and firm’s future

Aurora Cannabis CEO Miguel Martin might have one of the hardest jobs in the marijuana industry – turning around a company that has lost billions of dollars and been producing far more product than it could sell. In short, the Canadian company Martin inherited eight months ago was in deep trouble – and he’s not …

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Uber’s interest in marijuana delivery highlights sector’s potential and pitfalls

You’d think that marijuana delivery executives would quake in their shoes after the head of a ride-sharing giant recently floated the idea of getting into their line of work. But that apparently wasn’t the case after Uber CEO Dara Khosrowshahi told CNBC last month his company “absolutely” would explore cannabis delivery if the federal government …

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Cannabis Offers Immediate Nausea Relief, Study Shows

Scientific evidence around the therapeutic benefits of cannabis continues to pile up, confirming what many had found out through years of experimentation and accumulation of anecdotal evidence. Now, a new study conducted by team of researchers at the University of New Mexico found that cannabis flower and concentrates are effective in providing relief to the …

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Become the Breeder Part 2: How to Make Your Own Autoflower Seeds Like a Boss!

For starters, you can harvest sooner. Unlike regular seeds or even feminized seeds that are constrained to photoperiod [light cycles] – autoflowers will bloom in a set period. Typically, these plants can be harvested between 8-10 weeks whereas regular strains can take more than 4 months. While you can’t keep an autoflower as a “Mother …

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