Voters in five states will decide whether to legalize medical and recreational marijuana in November, with billions of dollars in new business opportunities hanging in the balance.
Jeff Smith
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Will a New Jersey marijuana program lead to legalization across the East Coast?
If New Jersey voters approve a commercial adult-user marijuana program in November, insiders predict legalization dominos will fall along the East Coast.
Cannabis MSO Acreage raises $33M, partly to pay off higher-interest debt
Multistate marijuana operator Acreage Holdings said it raised $33 million in debt, a development that shows an easing of a credit crunch facing the company. The three-year loan with an unidentified institutional lender is unsecured and at a 7.5% annual interest rate,...
Federal agency sues Maryland medical marijuana firm over sexual harassment
A Maryland medical marijuana operator has been charged with violating federal law by subjecting several dispensary employees to sexual harassment, a potentially costly problem for mainstream businesses that could impact the cannabis workplace. The U.S. Equal...
Utah medical cannabis sales, patients surpassing projections
Utah’s 6-month-old medical cannabis program has far exceeded sales and patient enrollment projections – sparking product shortages that are boosting business opportunities for licensed cultivators.
Adult-use marijuana legalization in New Jersey expected to ignite domino effect
Billions of dollars in business opportunities are riding on whether New Jersey residents legalize a recreational cannabis market in November.
Massachusetts nears marijuana delivery from wholesalers
Massachusetts is just a step away from expanding its cannabis home delivery rules, a move designed to benefit social equity applicants as well as provide a second, potentially lucrative wholesale option. The Massachusetts Cannabis Control Commission on Thursday agreed...
4Front closes on sale of three Maryland medical marijuana dispensaries
Multistate cannabis operator 4Front Ventures said it has completed the sale of three medical marijuana dispensaries in Maryland for $5.5 million, as the Arizona-based company shifts its focus to adult-use markets such as in Illinois. Philadelphia-based Ethos Cannabis...
High Times may have lost two California marijuana leases from Harvest deal
Los Angeles-based Hightimes Holding apparently lost the leases on both San Francisco marijuana properties that were a key part of a much-vaunted $80 million retail acquisition from Arizona multistate operator Harvest Health & Recreation.
Illinois marijuana retail hopefuls drop suit after getting second chance
A group of unsuccessful cannabis retail license applicants in Illinois withdrew their legal challenge against the state after the governor announced an application do-over.
Vermont is one step from legalizing adult-use cannabis sales
A bill that would legalize a commercial adult-use marijuana program in Vermont has been sent to the governor’s desk for his signature after the Senate passed the final version Tuesday by a resounding 23-6 margin. Gov. Phil Scott, a Republican, hasn’t said whether...
Founder of cannabis firm CannaRegs sued for alleged securities fraud
A securities fraud lawsuit filed against the co-founder of the web-based marijuana rules monitoring firm CannaRegs underscores how company sales can lead to court battles among initial investors - a development that could continue as more founders exit the industry....
