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Omar Sacirbey

Omar has been a professional journalist since 1998, covering everything from international business and Wall Street to politics and religion. His stories have appeared in Newsweek International, the New York Times, the Washington Post, USA Today and other major outlets. Omar graduated from the Columbia University Graduate School of Journalism in 1998, and prior to that he was a Bosnian diplomat. He is based in Boston.

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. While the quality of candidates for marijuana jobs has improved significantly in recent years, only a handful of applicants will be a truly great match for […]

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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 considering imposing THC limits on marijuana products. The Florida measure, HB 1455, would cap […]

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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. The acquisition of Windy City Cannabis, expected to close in the second half of this year, is comprised of $60 million in […]

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Marijuana giants Greenlane, KushCo to merge in all-stock deal

Two of the marijuana industry’s biggest ancillary companies, Greenlane Holdings and KushCo Holdings, entered into an all-stock merger agreement. Under terms of the deal, KushCo, based in Garden Grove, California, will become a wholly owned subsidiary of Boca Raton, Florida-headquartered Greenlane, according to a news release. The transaction is expected to close in the late […]

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Vermont appoints regulators to oversee recreational cannabis industry

Advancing efforts to launch Vermont’s recreational marijuana industry, Gov. Phil Scott announced his three appointees for the state’s Cannabis Control Board. According to Montpelier-based VTDigger, the governor’s picks are: James Pepper, a deputy state’s attorney for the Department of State’s Attorneys and Sheriffs. Pepper would chair the board. Julie Hulburd, human resources director at the Vermont […]

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Expanding Ayr acquires New Jersey medical cannabis company

Ayr Wellness, a multistate marijuana operator with offices in New York and Toronto, agreed to a $101 million acquisition of GSD NJ, a vertically integrated medical cannabis company. Ayr, which changed its name in February from Ayr Strategies to Ayr Wellness, said in a statement it will pay: $41 million in cash. $30 million in […]

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Colorado marijuana businesses provide THC products for MJ research

Two Colorado-based marijuana companies are teaming up with the University of Colorado Boulder to study the heath impacts of flower and infused edibles. Native Roots, a Denver-headquartered medical and adult-use cannabis retail chain of 20 stories, will provide flower for the CUChange Cannabis Research Team’s study, and Wana Brands, a Boulder-based edibles company operating in […]

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Cannabis MSO Cresco expands in Massachusetts via $90M acquisition

Chicago-based cannabis multistate operator Cresco Labs is spending $90 million to acquire all the outstanding equity interests of vertically integrated Massachusetts operator Cultivate. According to a news release, Cresco is paying $15 million in cash and $75 million in stock for Cultivate – plus potentially up to another $68 million in earnouts if certain financial […]

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Maine’s largest city about to open recreational cannabis license floodgates

Maine’s biggest city, Portland, could soon be awash in recreational cannabis retailers after a slow implementation process. SeaWeed Co. opened March 12, Grass Roots Marijuana Shop is expected to open Tuesday March 16 and another 31 applicants are awaiting licensing approval, the Portland Press Herald reported. Most of those applicants are expected to be operating […]

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How ‘essential’ transformed the US cannabis industry amid the COVID-19 pandemic

During the tumultuous weeks and months of the past year, a nine-letter word emerged as a game changer for the nation’s legal marijuana industry: “essential.” It began about a week after the World Health Organization on March 11 declared the COVID-19 outbreak a global pandemic. That’s when California announced a statewide business lockdown, followed by […]

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Detroit sued over locals-preferred cannabis licensing rule

An aspiring cannabis business owner who says she has lived in or around Detroit most of her life is suing the city for allegedly discriminating against marijuana business license applicants who don’t meet the definition of who qualifies as a resident. The lawsuit was filed Tuesday in Wayne County Circuit Court, according to Law360. Plaintiff […]

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