Dec.
New York Gov. Andrew Cuomo said he’d like to see the legalization of adult-use marijuana in the state early next year, which could create a $1.7 billion market, generate significant new business opportunities in the cannabis industry and curtail the state’s thriving illicit market.
Amid growing scrutiny of cross-border deals in the marijuana industry, Nanaimo, British Columbia-based Tilray has formed an International Advisory Board consisting of global government and business leaders to provide guidance to its executive team.
OG DNA Genetics of Los Angeles has raised a total of $35 million through two initial equity financing deals.
Oregon-based Cura Partners, a multistate cannabis firm, has completed a $75 million private placement.
Three top American cannabis firms made their trading debuts on the Canadian Securities Exchange (CSE) this week, continuing the frenzy of U.S.-based marijuana companies turning to Canada’s public markets to raise capital.
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