Florida-based cannabis traceability company Metrc locked down the contract for Oklahoma’s medical marijuana program, bringing the firm’s total track-and-trace pacts to 14 states and the District of Columbia.
Bart Schaneman
Bart Schaneman's Latest Posts
Cannabis REIT makes $56.4 million deal to acquire Florida property
Add another cannabis property to Innovative Industrial Properties' portfolio after the San Diego-based real estate investment trust (REIT) closed a potentially $56.4 million deal to acquire and lease back a marijuana facility in Florida. IIP is acquiring the property...
Colorado, Illinois, Ohio set records for monthly marijuana sales
States continue to post record cannabis sales in the face of the COVID-19 pandemic and the ensuing economic downturn, further evidence the marijuana industry is capable of weathering the recession. Here are three recent reports: Colorado set a...
Trulieve forks out $66 million for two Pennsylvania medical cannabis firms
Trulieve, the preeminent medical cannabis operator in Florida, plans to expand to Pennsylvania by acquiring two MMJ companies in a $66 million deal. Pennsylvania will be the fifth state in which Trulieve does business. According to a news...
Marijuana vape firms say one year after vaping crisis, customers turning to legal suppliers over illicit market
A year after the vaping health crisis upended the cannabis industry, marijuana vape companies report that sales have rebounded as consumers grasp the danger of consuming illicit-market vaporizers and switch to legal suppliers. Arnaud Dumas de Rauly, co-founder and CEO...
Four tips to navigate cannabis mergers and acquisitions in a distressed market
In the midst of an extended economic downturn, cannabis companies have few options for raising capital.
Equity remains elusive, while debt and sale-leasebacks are generally available only to those with sufficient hard assets to underwrite, such as real estate and equipment.Â
Maine licenses first recreational marijuana manufacturing facility
Maine regulators licensed the state's first recreational marijuana manufacturing facility along with two adult-use cannabis stores to begin sales when the market launches Oct. 9. According to the Portland Press Herald, Sea Smoke Extracts in...
Washington state marijuana vaping lawsuit dismissed
A state judge dismissed a lawsuit against Everett, Washington-based marijuana vaporizer company Canna Brand Solutions for allegedly causing a vaping-related lung illness.
Arkansas medical marijuana sales reach $143 million
Arkansas medical marijuana stores have sold $143 million worth of medical cannabis since sales began in May 2019. Another way to put it: Arkansas dispensaries have sold 22,350 pounds of medical marijuana in about a year and a half. According...
R&D, innovation are key for marijuana companies seeking to stay relevant with consumers
Marijuana extraction companies are among the industry leaders in innovation because the sector is continuously evolving.
Nebraska advocates to seek medical cannabis vote in 2022
Nebraska advocates are targeting 2022 to place medical marijuana back on the ballot after taking a crushing blow when the state Supreme Court ruled this year’s ballot initiative unconstitutional.
Nebraska high court pulls medical cannabis from ballot
Nebraska voters won’t get an opportunity to legalize medical marijuana this year after a state Supreme Court ruling Thursday that the measure set to appear on the November ballot is unconstitutional.
