Copperstate Farms Management is expanding its footprint in Arizona through an agreement to acquire control of two licensed medical marijuana dispensaries in North Scottsdale and Tempe.
Jeff Smith
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Voters in NJ, Arizona, three other states legalize potential $2.5 billion-plus marijuana markets
The marijuana industry appeared headed for a clean sweep on Election Day, with voters approving new markets in Arizona, Mississippi, Montana, New Jersey and South Dakota that could generate more than $2.5 billion in medical and recreational cannabis sales a year by 2024.
New Jersey voters legalize a potential billion-dollar adult-use marijuana market
New Jersey voters on Tuesday legalized an adult-use marijuana market that is expected to generate annual sales of nearly a billion dollars by 2024.
Federal marijuana reform prospects bright – provided the Senate flips, Biden wins
Tuesday’s general election could have huge implications for federal marijuana reform, but the biggest business impacts hinge on whether the U.S. Senate flips to the Democrats and former Vice President Joe Biden wins the presidency.
Harvest Health snags three more medical marijuana licenses in Arizona
Harvest Health & Recreation said Monday it is acquiring three vertical medical marijuana licenses in Arizona as part of a settlement with Devine Hunter, boosting the multistate operator's market-leading dispensary total from 15 to 18. The settlement resolves...
New state marijuana markets worth $2.5 billion up for grabs in Tuesday’s election
Adult-use marijuana legalization referendums in New Jersey and Arizona headline an election that has the potential to create new state cannabis markets that together could generate more than $2.5 billion in annual sales within a few years.
Week in Review: NY medical marijuana market could slow adult use, state legalization funding, Mississippi obstacles & more
New York Gov. Andrew Cuomo wants to legalize adult-use cannabis, but the state's heavily restricted medical marijuana program could hamper those efforts. MJBizDaily takeaway: Experts believe that New York needs to expand its MMJ program in advance of potential adult...
Judge dismisses California cannabis racketeering suit
A federal judge dismissed a $200 million civil racketeering lawsuit filed by a Southern California cannabis farmer against another grower, ruling the claim had no standing because marijuana is illegal under federal law. The case was an unusual twist on lawsuits that...
Mississippi medical cannabis challenge may not be decided until after election
It looks as if the Mississippi Supreme Court won't consider a legal challenge to a medical cannabis initiative being on the ballot - until the election is over. Chief Justice Mike Randolph filed an order Wednesday giving Secretary of State Michael Watson until Nov. 6...
Marijuana MSO Harvest Health raises nearly $35 million in stock offering
Marijuana multistate operator Harvest Health & Recreation raised $34.5 million (46 million Canadian dollars) through a public offering of subordinate stock, the company said Wednesday. The Arizona-based marijuana company said in a previous news release that it...
Illinois cannabis retail applicants get court hearing on license do-over
A group of Illinois cannabis retail license applicants will get to argue their case next week on a suit seeking to compel the state to award 75 new licenses.
MS mayor sues to throw out medical marijuana measure before election
A mayor in Mississippi is making a last-ditch effort to remove a business-friendly medical cannabis initiative from the ballot. Madison Mayor Mary Hawkins Butler filed the legal challenge with the state Supreme Court on Tuesday, only a week before the general election...
