Total compensation for CEOs of cannabis multistate operators fell in 2022 versus 2021, as tumbling marijuana stock prices last year drove down the equity-based pay component top executives received.
Kate Robertson
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New Jersey marijuana advocates question Curaleaf layoffs
Marijuana advocates in New Jersey are questioning why Curaleaf Holdings is reducing production in a state that has some of the highest cannabis prices in the United States – a sign the market isn’t as well-supplied as the company says it is.
Black farmers in Florida issued medical cannabis licenses
Two Black farmers were issued medical cannabis licenses in Florida after a long dispute over the coveted cultivation, processing and sales permits.
Marijuana MSO Cresco Labs alleges GTI poached key employee
A lawsuit filed in Illinois by Chicago-based marijuana multistate operator Cresco Labs alleges rival Green Thumb Industries (GTI) stole one of its high-level employees.
Curaleaf might be next marijuana MSO to list on Toronto Stock Exchange
Curaleaf Holdings hopes to be the next cannabis multistate operator to join TerrAscend on the Toronto Stock Exchange (TSX) in a bid to tap a wider investor pool.
Marijuana MSO Curaleaf lays off 49 employees in New Jersey
Citing an oversupplied market, marijuana multistate operator Curaleaf is laying off 49 workers at its production facility in Winslow, New Jersey.
Colorado cannabis sales on track to drop below 2022 levels
Colorado marijuana sales are forecast to be 12% lower in 2023 than last year, based on sales data collected so far this year by the Department of Revenue.
Illinois awards 55 more adult-use marijuana retail licenses
Illinois regulators awarded an additional 55 marijuana adult-use retail licenses in a lottery, aiming to create a more equitable industry and expand access to regulated cannabis.
Marijuana multistate operator Trulieve expands to Ohio
Florida-based multistate operator Trulieve Cannabis opened its first medical marijuana dispensary in Ohio.
Maryland’s combined cannabis sales hit $21 million in first week of adult use
Maryland marijuana retailers sold nearly $21 million in medical and recreational cannabis products combined in the state’s first week of adult-use sales.
Rhode Island cannabis retailer sues state over labor clause
A Rhode Island cannabis retailer filed a lawsuit against the state, arguing that its adult-use legalization law unfairly forces stores to enter “oppressive” labor peace agreements with its employees.
Green Thumb CEO Ben Kovler explains why his marijuana MSO is in the black
Green Thumb Industries CEO Ben Kovler opens up on why he believes his marijuana company is one of the few multistate operators in the black.
