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Cannabis

  • News
    The Canadian Press

    New York to probe sputtering legal marijuana program as storefronts lag, black market booms

    ALBANY, N.Y. (AP) — New York will evaluate its troubled recreational marijuana licensing program after lawsuits and bureaucratic stumbles severely hampered the legal market and allowed black-market sellers to flourish, Gov. Kathy Hochul ordered Monday. The review will focus on ways the state can speed up license processing times and allow businesses to open faster, as well as a top-down assessment of the Office of Cannabis Management's structure and systems. Hochul, a Democrat, has described the

  • Business
    Bloomberg

    Cannabis Grower Ascend Seeks Private Loan to Refinance Debt

    (Bloomberg) -- Cannabis producer Ascend Wellness Holdings Inc. has reached out to private credit firms for a new loan that will refinance its outstanding debt, according to people with knowledge of the matter.Most Read from BloombergPutin Warns Russia Won’t Be Stopped After Record Election WinSaudi Wealth Fund Said to Be in Talks to Buy National AirlineApple Without AI Looks More Like Coca-Cola Than High-Growth TechBoeing’s Pain Spreads to Travelers as Airlines Cut Back on PlansThe company is lo

  • Business
    The Canadian Press

    Cannabis retailer High Tide buys pot brand Queen of Bud's IP for $1M

    CALGARY — High Tide Inc. says it has signed a deal to acquire premium cannabis brand Queen of Bud's intellectual property. Calgary-based pot retailer High Tide says it will pay $1 million for the IP, trademarks and other assets owned by Queen of Bud. Some $100,000 of the $1 million will be paid in cash with the remaining amount paid in High Tide common shares that are the 10-day volume weighted average price they traded for three business days before the deal closes. Canna Cabana owner High Tide