Cannabis commerce platform Leafly Holdings started trading Monday on the public stock markets after completing its previously announced merger with special purpose acquisition company Merida Merger Corp. I.
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Mississippi will start taking medical marijuana applications in June
Mississippi state officials said they will start accepting cultivation and “other” medical marijuana license applications in June to meet the statutory requirements of a newly enacted MMJ law.
iAnthus closes on acquisition of New Jersey medical cannabis operation
Multistate operator iAnthus said Thursday it closed on the acquisition of a 100% equity interest in MPX New Jersey, a medical cannabis company in the state.
Connecticut’s $3 million fee for social equity cannabis grower permits raises obstacles – and eyebrows
Connecticut opened the window Thursday to social equity applicants seeking to build and operate cannabis cultivation facilities totaling up to 250,000 square feet as part of the state’s upcoming adult-use market.
Mississippi governor signs medical cannabis legalization bill into law
Mississippi on Wednesday became the 39th state in the country and third in the Deep South to legalize medical marijuana after Republican Gov. Tate Reeves signed an MMJ bill into law.
MedMen fights to keep NY marijuana permit, meet $114 million debt deadline
Marijuana multistate operator MedMen Enterprises is scrambling to keep its potentially lucrative New York operation while debt coming due in six months is forcing the company to try to sell additional assets.
Cannabis MSO Verano eyes lucrative markets with $413 million acquisition
Verano Holdings signed a definitive agreement to acquire Goodness Growth Holdings for roughly $413 million, a move that will enable the cannabis multistate operator to expand into Minnesota, New York and New Mexico.
US cannabis stocks tumbled in January, exacerbating issues confronting industry
U.S. cannabis stocks suffered a rout in January, tumbling more than the broader market as hopes for federal marijuana legalization in the near future continued to fade.
Virginia legislators propose changes to recreational marijuana law
Republican lawmakers in Virginia have filed a flurry of bills that would make critical changes to the recreational marijuana law enacted last year – some that would help businesses and others that threaten social equity efforts.
NJ, NY progressing toward adult-use cannabis launch, but one deadline slipping
New York and rival New Jersey are plugging along toward launching adult-use cannabis markets, but neither state has a firm timetable yet for doing so and New Jersey is likely to miss a self-imposed deadline, state officials said this week.
Marijuana MSO Trulieve closes on final $75 million slice of $425 million raise
Multistate operator Trulieve Cannabis said it closed on a private placement offering of $75 million, the second tranche of a marijuana industry-record $425 million debt raise.
Delaware lawmakers take first step toward legalizing an adult-use cannabis market
A state House committee in Delaware advanced an adult-use cannabis bill that focuses in large part on social equity and small businesses, the initial step toward legalizing a commercial market.
