New York’s illicit marijuana market thrives ahead of adult-use launch
Scores of illicit shops are flourishing across New York, posing a competitive threat to the state’s upcoming multibillion-dollar adult-use marijuana industry.
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Articles by Jeff Smith :
Recreational marijuana consumption lounge opens in New Mexico
New Mexico’s first recreational marijuana consumption lounge opened in Las Cruces near the border with El Paso, Texas, according to media reports.
Senate Majority Leader Schumer delays comprehensive marijuana reform bill
Sen. Majority Leader Chuck Schumer’s long-awaited comprehensive marijuana reform bill is delayed again.
Schumer now plans to introduce his Cannabis Administration and Opportunity Act before the Senate recess in early August instead of later this month, according to The Hill and other media outlets.
Short seller goes after cannabis REIT Innovative Industrial Properties
A short seller activist group has gone on the attack against San Diego-based Innovative Industrial Properties, saying the company’s real estate portfolio based on acquiring cannabis properties and leasing them back to operators “appears to have degraded significantly.”
New Jersey to launch adult-use marijuana sales April 21 amid supply concerns
New Jersey will launch its projected $2 billion adult-use marijuana market on April 21 amid lingering questions about whether operators can adequately serve the state’s 120,000 medical cannabis patients without disrupting recreational supplies.
House lawmakers pitch bipartisan bill to ready US for ‘inevitable’ marijuana legalization
Three congressional lawmakers – including a Republican leader on the Congressional Cannabis Caucus – introduced a bipartisan bill Thursday to prepare the federal government for the “inevitable end to cannabis prohibition.”
Marijuana REIT Innovative Industrial Properties buys Maryland site for $25M
San Diego-based Innovative Industrial Properties (IIP) acquired a Maryland marijuana cultivation and processing facility for $25 million.
Adult-use marijuana market on tribal land to launch in New York
The Saint Regis Mohawk Tribe said it will become the first regulated adult-use marijuana market in New York when sales launch at three stores Friday.
Colorado marijuana sales continue decline, falling to $145M in February
Medical and recreational marijuana sales in Colorado totaled only $145.3 million in February 2022, according to Department of Revenue data.
Several states still in play to legalize marijuana through legislatures
More than a half-dozen states remain in play to potentially legalize medical or recreational marijuana through their legislatures this year, with much of the activity focused along the East Coast.
New Jersey gives adult-use marijuana green light to 7 multistate operators
More than a half-dozen existing medical marijuana operators in New Jersey – all large multistate operators – soon will be launching the state’s projected billion-dollar adult-use market.
Cannabis MSO TerrAscend expands in Maryland with $11.7 million deal
TerrAscend entered a definitive agreement to acquire a Maryland medical cannabis dispensary for $11.7 million, a deal that will enable the multistate operator to complete a vertical operation in the state.
