Investing

Reginald Stanfield is the CEO and head horticulturist of JustinCredible Cultivation, a Massachusetts cannabis cultivator.

Following the Mississippi Supreme Court’s decision last week to overturn the state’s successful medical cannabis legalization initiative, millions of investment dollars into the state’s economy have been effectively stalled.

Trulieve Cannabis Corp. is set to purchase Harvest Health & Recreation for approximately $2.1 billion.

Credit Suisse Group AG is said to be no longer trading or holding shares of cannabis firms with U.S. operations.

Bend, Oregon-based cannabis technology company Dutchie announced it recently raised $200 million and has acquired Greenbits and Leaflogix for an undisclosed sum.

Former NBA player and coach Isiah Thomas has invested $3 million into One World Pharma, a licensed hemp and cannabis ingredient producer in Colombia.

Former NBA All-Star Chris Webber and JW Asset Management LLC have joined to launch a $100 million private equity fund aimed at investing in cannabis companies led by entrepreneurs of color.

Jonathon Goldrath is a consultant for cannabis entrepreneurs, a career cannabis executive, and the co-founder of 317 Opportunities.

The cannabis-focused real estate investment trust AFC Gamma in West Palm Beach, Florida has submitted a filing for going public on the Nasdaq.

Casa Verde Capital, the cannabis investment firm co-founded by Snoop Dogg, has closed on $94.7 million during its second round of investment funding.

Peter Vogel is the CEO of Leafwire, a social media and business networking site dedicated specifically to the cannabis industry.

LeafLink has announced the close of a $40 million investment round led by Peter Thiel’s Founders Fund.

Weedmaps is set to go public with a Nasdaq listing. The deal values the company at approximately $1.5 billion.

Medicine Man Denver announced it was terminating its deal with Schwazze and will look for new partners; it’s the second failed deal in as many months for Schwazze.

The SEC has filed charges against six people for allegedly defrauding more than 400 investors out of $25 million; the scheme supposedly took place between September 2017 and February 2019.

The SEC has ordered a halt to the High Times IPO after the company missed its annual report deadline in June; recent marketing material, however, suggests that fundraising efforts are still underway.

Collective Growth Corp., the new hemp investment and acquisition venture headed by veteran cannabis CEO Bruce Linton, raised $150 million in its recent IPO.

Brian Lannon, the co-founder and former CEO for Cannalysis, a California testing lab, has filed suit against the company over allegations of wrongful termination, fraudulent activities, and more.

Former NBA player Al Harrington has launched a business incubator program to help Black entrepreneurs enter the cannabis space.

Recent data released by the Maryland Medical Cannabis Commission shows that just 10 percent of the state’s cannabis industry investors are people of color.

Catharine Dockery is a founding partner of Vice Ventures, a venture capital fund that focuses on verticals that other investors typically avoid.

Peter Thiel’s Palantir was awarded a contract to build the government’s COVID-19 tracking database; Thiel is a major investor in Privateer Holdings and a prominent supporter of President Trump.

Cannabis businesses in North America are beginning to experience financial fallout from the ongoing coronavirus pandemic.