An Oklahoma judge ordered the 60-day suspension of a rule requiring medical cannabis businesses in the state to use the Metrc seed-to-sale tracking system that regulators had contracted for the service.
Omar Sacirbey
Omar Sacirbey's Latest Posts
Marijuana ancillary firm Hydrofarm prices $269M offering, buys company
Hydrofarm Holdings Group, a distributor and manufacturer of hydroponics equipment and supplies, announced the pricing of a nearly $270 million public offering as well as an agreement to acquire a nutrients company for $78 million. The Fairless, Pennsylvania-based...
Maryland medical marijuana sales hit $1 billion since launch
Maryland’s medical marijuana industry in April reached more than $1 billion in total retail sales since launching 40 months earlier on Dec. 1, 2017.
Cannabis industry’s success is spurring more competitive salaries, benefits
The cannabis industry continues to pay competitively, with statistics from recruiters showing year-over-year compensation increases for most top, mid- and lower-level positions.
General Cannabis enters retail business via $39.5 million Trees deal
A Denver marijuana wholesale and consulting company broke into the retail side of the industry by agreeing to purchase a cannabis retailer with operations in Colorado and Oregon.
Massachusetts marijuana retailer challenges community impact fees
A marijuana retailer in Haverhill, Massachusetts, is alleging in a lawsuit that officials in the store's host city are violating state law by not justifying the need for so-called community impact fees. “We believe the city is asking for a large amount of money in...
Cannabis REIT injects $30 million more into Pennsylvania grow expansion
A unit of multistate cannabis operator Jushi Holdings received an additional $30 million from Innovative Industrial Properties, a marijuana-focused real estate investment trust (REIT), for the first phase of expanding an MJ cultivation facility in Scranton,...
Illinois breaks monthly recreational cannabis sales mark at $109 million
New stores, stimulus checks, warming temperatures and tourists combined to help drive Illinois recreational cannabis sales to yet another monthly record with $109 million in purchases in March. Illinois adult-use retail sales increased 24% over the previous monthly...
Cannabis MSOs urged to recruit from mainstream business talent pools
Vertically integrated multistate operators need dozens of different skill sets on staff, debunking the fantasy of a one-stop shop for job candidates. That said, there are a few sectors and mainstream companies that marijuana hiring managers like to lean on. “When...
Cannabis industry job numbers are climbing, and here’s why
If job creation and hiring are measures of an industry’s growth, then cannabis is going gangbusters.
That means cannabis executives must use diligence and savvy when sifting through resumes.
Florida governor not in favor of limiting THC in marijuana
While saying marijuana products available today might be too potent, Florida's governor said he does not support capping THC in his state's medical cannabis market. Gov. Ron DeSantis' comments on THC caps is significant because Florida is one of several states...
Marijuana MSO Parallel moves into Illinois with $100 million acquisition
Atlanta-based Parallel, one of the largest privately held multistate marijuana operators in the United States, entered into a definitive agreement to acquire six stores belonging to an Illinois retail chain for $100 million.
