Michigan’s Jars expands marijuana footprint to CO through acquisition
Michigan-based marijuana brand and retailer Jars Cannabis entered the Colorado market by agreeing to acquire the Euflora chain.
Michigan Medical Cannabis News
Michigan-based marijuana brand and retailer Jars Cannabis entered the Colorado market by agreeing to acquire the Euflora chain.
Many U.S. cannabis cultivators are reporting this year’s fall harvest, known in the industry as Croptober, saw favorable growing conditions and little to no adverse weather events, leading to a bumper crop.
Cannabis-infused beverages receive a lot of hype when they are rolled out, but they seldom turn out to be the hit their financial backers expect.
Calls are increasing among marijuana growers to stop licensing new cultivation businesses in more established recreational cannabis markets including Colorado, Michigan and Oregon.
Capital raises in the U.S. marijuana industry are down nearly 65% this year versus 2021, but lower stock prices and more creditworthy cannabis companies mean debt financing is now the preferred method to raise funds for the first time in years.
Michigan is homing in on illicit marijuana being sold via legal channels after steady complaints from the licensed industry.
Detroit regulators received 90 applications for the 60 recreational marijuana business licenses available in the city’s first phase of licensing.