Grassroots Cannabis raised $90 million to expand its operations in Illinois and across the country, becoming the latest Chicago-based marijuana company to bring in a sizable round of funding. The money will fund an expansion in Grassroots’ cultivation facility in Litchfield, about 210 miles southwest...

BING NEWS:
  • Big Weed: Consolidation is changing the face of California cannabis
    Facing price pressures and fierce competition, California’s vast and fragmented marijuana industry is consolidating ... illegal plants and over 2,900 pounds of processed cannabis, worth nearly $39 ...
    05/21/2024 - 12:25 am | View Link
  • The Best States To Launch Your Cannabis Business In 2024
    Have you ever pondered the landscape of cannabis regulations across the United States? Amid a shifting legal terrain where nearly half of the states have embraced recreational cannabis and 38 have ...
    05/12/2024 - 5:52 am | View Link
  • Post Cannabis Rescheduling: What's Next For Marijuana Giants? Potential $1.1B Cash Flow Boost From IRS 280E Removal
    Analysts project near-term financial outcomes could include approximately $1.1 billion in cash flow improvements across the sector due to the removal of tax burdens under the IRS's 280e that disalows ...
    05/7/2024 - 2:56 am | View Link
  • Reclassifying Marijuana Could Unlock Billions in Tax Savings for Cannabis Companies
    The proposed change could lift an income tax burden that wipes out most licensed marijuana retailers’ earnings.
    05/5/2024 - 2:00 am | View Link
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