Marijuana Business Daily

Marijuana lender Sweet Leaf Madison Capital closes $100 million debt facility

Published

2 years ago

March 30, 2023

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Marijuana industry finance company Sweet Leaf Madison Capital (SLMC) closed a $100 million debt facility, which could be increased to $200 million.

SLMC said the funding came from an unspecified “New York-based global institutional special situations asset manager.”

“Both parties will have an option to evaluate the progress and increase the debt facility to $200 (million),” Denver-based company said in a Thursday news release.

SLMC Chair and CEO Bryan Gordon said in a statement that “this infusion of capital is a strong show of confidence in cannabis debt financing, as well as in Sweet Leaf Madison’s approach to working in this highly regulated and fragmented industry.”

The release did not specify how the capital would be used.

However, the company noted that the “recent funding will enable SLMC to further narrow the gap between cannabis businesses and capital needs.”

SLMC provides

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Marijuana Business Daily

As cannabis consumer tastes evolve, industry must look beyond potency

Published

2 days ago

April 2, 2025

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(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.)

Chris O’Ferrell (Courtesy photo)

For years, the cannabis industry has been shaped by a singular focus: THC potency.

Store menus highlight percentages, consumers chase high numbers, and many strains have been bred to maximize THC content at the expense of other characteristics.

But is that truly what makes marijuana special?

Beyond THC levels, branding, packaging and promotions heavily influence consumer choices.

The classic $200-per-ounce deal has evolved into a $100 mix-and-match special, allowing consumers to explore a variety of terpene profiles and effects.

Just as craft beer enthusiasts appreciate curated tasting flights, cannabis enthusiasts now seek diversity in their experiences.

Keeping up with industry trends while

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Marijuana Business Daily

How a Colorado operator stumbled onto ‘blueprint for laundering marijuana’

Published

4 days ago

March 31, 2025

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Justin Trouard thought he was doing a favor when he agreed in January to look at the books of a struggling, licensed Colorado marijuana cultivation company to see if he could help turn the business around.

Instead, the CEO of licensed outdoor cultivator Mammoth Farms stumbled onto “the blueprint for how to launder marijuana” in and out of the state’s regulated industry, he told MJBizDaily.

While examining the cultivator’s track-and-trace records in Metrc, a widely used software program that’s Colorado’s mandated seed-to-sale compliance tool, Trouard noticed some suspicious activity.

In one column, the company reported purchasing 25 pounds of cannabis flower from an unidentified cultivator for $16,250. That’s a normal transaction at Colorado’s average market prices in 2025. In another column in

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Marijuana Business Daily

Humboldt County extends deadline to pay marijuana cultivation taxes

Published

6 days ago

March 28, 2025

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Humboldt County supervisors have extended the deadline for hundreds of marijuana farmers to pay off cultivation taxes enacted years ago.

County growers faced a March 31 deadline to eliminate all tax debts related to Measure S, a ballot referendum approved by voters in 2016, more than a year before the launch of adult-use sales.

Supervisors pushed the looming deadline to April 4 for 210 license holders to make their first payments or face suspension, according to the Standard Times of Eureka.

For the hundreds more who have made some payment, their deadline was extended to Dec. 31, 2025.

No more relief

The county supervisors indicated at their March 25 meeting this will be the final extension, the newspaper reported.

Despite the extensions, hundreds

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