Large marijuana multistate operators are enjoying lower loan interest rates these days, thanks to stronger balance sheets and the industry’s increasing stability as more states legalize MJ and federal reform appears inevitable.
Jeff Smith
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New York officials ‘shocked’ by cannabis MSO Vireo’s electrical needs
Marijuana multistate operator Vireo Health reportedly needs more electricity for its new New York cultivation and processing facility than the technology park can provide.
Acreage exits Oregon by selling cannabis stores for $6.5 million
Marijuana multistate operator Acreage Holdings agreed to sell four Oregon retail stores for $6.5 million, a transaction that completes the sale of the MSO’s facilities in the state as it continues to focus on core markets.
New York tribe opens applications for adult-use marijuana retail licenses
A Native American tribe in upstate New York is taking applications for adult-use marijuana retail licenses and said it plans to respond to each application within two weeks of filing.
Cannabis software firm Akerna inks $17 million acquisition
Denver-based cannabis technology company Akerna signed an agreement to acquire a marijuana business management software firm for $17 million in cash and stock.
MA regulators probing Gotham Green’s cannabis license request, report says
Massachusetts regulators reportedly are looking into whether New York-based private equity firm Gotham Green left out information about the cannabis licenses it controlled in the state as it sought permission to acquire others. New York-based...
Marijuana MSOs post strong quarterly results, but investors tepid
All 10 of the largest publicly held marijuana multistate operators posted double-digit revenue growth in the quarter ended June 30, but stock prices remained weak as investors grow impatient with the slow pace of federal marijuana legalization efforts.
Biden’s vaccine mandate expected to apply to marijuana industry
The marijuana industry should expect to feel the same impacts as other industries from imminent federal regulations requiring businesses with more than 100 employees to impose a coronavirus vaccine mandate or mandatory weekly testing for those who don’t vaccinate.
Montana eases medical cannabis advertising rules
Montana regulators loosened the proposed rules for medical cannabis advertising after operators expressed concerns at public hearings about the initial draft regulations. The amended advertising rules: Clarify that a provider “may promote its...
Legal woes of CEO’s spouse bring marijuana MSO Trulieve unwanted attention
The recent criminal conviction of the husband of Trulieve Cannabis CEO Kim Rivers has cast an unflattering spotlight on the multistate marijuana operator, focusing attention on how the profitable company secured its Florida business license and renewing questions about its dealings with a construction firm partly owned by Rivers’ spouse.
South Dakota’s highest court relaxes rules for cannabis attorneys
South Dakota’s highest court has paved the way for attorneys to provide legal advice to cannabis-related clients.
Missouri voters might see two adult-use cannabis measures in 2022
Missouri voters could well be asked to weigh in on two recreational marijuana legalization measures on the 2022 election ballot.
