Purablis Weekly Global Cannabis and CBD News Roundup - The most important investment and industry news of the week

10/27/24
Body and Mind Inc. has secured a $2.3M credit facility from Bengal Catalyst Fund to support its cannabis expansion in Illinois and New Jersey, featuring an 18% annual interest rate.

10/24/24
A federal circuit court will hear a lawsuit challenging marijuana's federal prohibition on December 5, 2024, after a lower court dismissed the case, with plaintiffs aiming for a Supreme Court review.
RIV Capital Inc. (CSE: RIV) (OTC: CNPOF) reports a doubling of year-to-date net revenue, reaching $3.7M, driven by adult-use sales.
Entourage Health Corp. (TSX-V: ENTG) (OTCQX: ETRGF) increases its credit facility by approximately $1.85M USD and receives a forbearance letter for breaches until October 31, 2024.

10/23/24
Chicago Atlantic Real Estate Finance Inc. (Nasdaq: REFI) secures a $50M loan at 9% interest and receives a BBB+ credit rating from Egan-Jones to support its cannabis investments.
Ohio's adult-use cannabis sales are slightly improving, averaging $11.2M weekly in October, while medical sales have dipped to $6.8M weekly.
Gold Flora Corporation (OTCQB: GRAM) begins trading on the OTCQB, enhancing access for U.S. investors following its successful year of operational growth.

10/22/24
Missouri's cannabis industry generated $1.8B in sales in its first adult-use year, with medical patient participation dropping 87% to 109,000 cardholders.

3 out of 4 US Cannabis Reform Bills Expected to Pass This November More at businessofcannabis.com...

Votes Won’t Be Counted for Arkansas Medical Cannabis Ballot Measure, Court Says More at apnews.com...

Aicpa Makes Recommendations to IRS on Cannabis Businesses before Mj Reclassification More at financialregnews.com...

Drinking Is Cheaper than It’s Been in Decades, Lobbyists Are Fighting to Keep It That Way More at statnews.com...

The Rare Bipartisan Issue in This Year’s Election: Recreational Cannabis More at wsj.com...

European Commission Is Investigating Italian Government’s Efforts to Ban Flowers, CBD More at hemptoday.net...

‘It Just Baffles Me.’ Possible Sites for Delaware Dispensaries Dwindling amid Bans, Restrictions More at whyy.org...

Oregon Cannabis Sales Slide Again in 2023 More at archive.is...

Value of a Cannabis Trademark Is More than Just Bag Appeal More at mjbizdaily.com...

Federal Court Clarifies Standard For MJ Caregivers Seeking DOJ Prosecution Protection More at marijuanamoment.net...

Stories From California Cannabis Mecca Known as Murder Mountain More at dailymail.co.uk...

How to Use Drugs — Safely — From the Guy Who Tried Them All More at youtube.com...