Maine’s leading medical marijuana operator is challenging the state’s MMJ residency requirement, seven months after suing and getting the state to back off a similar provision for adult use. Wellness Connection of Maine on Dec. 17 filed a lawsuit in U.S. District...
Financially strapped MedMen Enterprises is showing modest improvement, raising the possibility that the California-based multistate marijuana operator has hit bottom and is beginning to benefit from its restructuring and turnaround plan. But huge challenges remain,...
Cannabis multistate operator 4Front Ventures said it has completed a sale-leaseback of cultivation and production facilities in Massachusetts and Washington state, generating $33 million to pay down debt and for general purposes. The deal is just the latest in a wave...
New Jersey lawmakers on Thursday approved legislation to regulate and launch an adult-use marijuana market next year that’s expected to become the largest on the East Coast with sales approaching $1 billion in a few years.
A Pennsylvania man has sued Missouri medical marijuana regulators, declaring that the state’s residency requirement violates the U.S. Constitution and stifles investment in the industry. The lawsuit, filed last week in U.S. District Court in western Missouri, is the...
Multistate marijuana company Verano Holdings signed a definitive agreement to go public on the Canadian Securities Exchange at a value of $2.8 billion through a reverse takeover (RTO) of an existing, publicly held company.
While most adult-use cannabis licenses in Arizona will go to the roughly 120 existing medical marijuana operators in the state, about a dozen will be available in underserved rural counties. That's according to state regulators, who also said they are confident in...
Multistate marijuana operator Ayr Strategies announced that it has increased a $75 million debt offering to $110 million because of strong demand.
New Mexico’s medical marijuana sales have nearly doubled in the past two years despite strict plant-count limits, and the state might be better positioned to legalize recreational cannabis after neighboring Arizona did so last month.
The U.S. House of Representatives on Wednesday passed a groundbreaking bill to reduce barriers and expand scientific research into medical cannabis, a move that could be critical to convincing Republican lawmakers to support broader marijuana reform. One aspect of the...
The U.S. House of Representatives is poised to vote on a bill this week to accelerate medical cannabis research, a move that could strengthen support for broader reform. The vote, expected as soon as Wednesday, comes on the heels of the House passing a historic...
GrowGeneration Corp., a cannabis cultivation company that owns a chain of hydroponic garden centers, intends to raise an additional $125 million through a secondary stock offering to fuel expansion, according to a filing with the U.S. Securities and Exchange...
