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Columbia Care Announces Closing of US$74.5 Million Private Placement Offering of 6.00% Secured Convertible Notes Due 2025

Cannabis Law Report

(NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”) is pleased to announce that it has closed its previously announced private placement (the “Offering”) issuing US$74,500,000 aggregate principal amount of 6.00% secured convertible notes due 2025 (the “Notes”).

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Is the Future of Cannabis in Craft or Commercial Cultivation?

Veriheal

The future of cannabis seems to be drifting to mega-companies and corporations that cultivate greenery for the masses. Global Newswire published an article that predicts the legal US cannabis market to reach an estimated $35 billion approaching 2025. Cannabis Cultivation is a Craft and Prices Reflect That.

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Senate Bill 1723 moves to Subcommittee on Cannabis

Illinois News Joint

SB1723 deletes the provision that states any person or entity awarded a craft grower license under specified provisions “shall only hold one craft grower license” and removes language providing that a craft grower shall not be located within 1,500 feet of another craft grower but leaves in the restriction for “a cultivation center.”

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There Are Now More Than 440,000 Jobs Supported By The American Cannabis Industry

Veriheal

There are a few reasons attributed to these losses, ranging from an oversupply of marijuana products to less cannabis tourism and a decline in the novelty of purchasing marijuana in dispensaries. We expect losses in these markets to continue to thin out in 2024 and turn positive once again in 2025,” they stated.

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Indigenous Innovation in the Minnesota Cannabis Industry

Canna Law Blog

This unique status allowed the Red Lake Nation to open Minnesota’s first recreational cannabis dispensary, NativeCare , marking a historic moment for Indigenous participation in Minnesota’s cannabis industry. Acknowledging the role of Indigenous peoples Joe Nayquonabe, Jr.,

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Quick Guide to Cannabis Business Opportunities

Canna Law Blog

billion from 2020 to 2025 at a CAGR of 21.74%. Plant-Touching Businesses As the name implies, plant-touching cannabis businesses deal directly with the cannabis plant from seed to dispensary shelf. Dispensaries: Dispensaries are the distribution hubs of the cannabis industry.

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From Farms to Festivals: New York’s Innovative Approach to Cannabis Sales and Showcases

Veriheal

This decision by the state’s Cannabis Control Board was made to help cannabis cultivators earn a return on their investment. This was shortly after the pandemic when it was discovered that despite the lockdown, cannabis growers and dispensaries still found ways to get their products across to their customers. billion by 2025.

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