Comedian and actor Sacha Baron Cohen is suing Massachusetts marijuana cultivator and retailer Solar Therapeutics for at least $9 million over a billboard that used an image of his popular “Borat” movie character.
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NY lawyers may work with adult-use marijuana industry, bar association says
Lawyers are free to take part in New York's adult-use marijuana industry despite federal prohibition, according to a new ethics opinion from the state's bar association. The opinion posted online by the New York State Bar Association (NYSBA) says that, in light of the...
Goodness Growth Holdings to acquire Maryland medical cannabis dispensary
Multistate marijuana company Goodness Growth Holdings announced an $8 million deal to acquire Charm City Medicus, a medical cannabis dispensary in Baltimore.
NewLake enters $20.5 million real estate deal with Arizona cannabis firm
Cannabis real estate financier NewLake Capital Partners announced a deal to acquire land in Phoenix and lease it to Arizona-based, vertically integrated marijuana operator The Mint. The $20.5 million deal includes $2.4 million to purchase the...
The Parent Co., Glass House terminate $50 million cannabis investment deal
The Parent Co.’s planned $50 million strategic investment in California cannabis company Glass House Group has been broken off.
Cannabis companies reach settlement in acquisition lawsuit
A settlement has been reached in a lawsuit brought by cannabis investing consultant Arcadian Capital related to marijuana company Cura Partners' acquisition by multistate MJ operator Curaleaf. Cura Partners was acquired by Curaleaf in 2019 in a deal initially valued...
Trulieve acquires licensed marijuana store in Massachusetts for $13.5 million
Multistate marijuana company Trulieve Cannabis closed its acquisition of a licensed recreational marijuana store in Worcester, Massachusetts, for $13.5 million. Nature's Remedy of Massachusetts will receive $13.5 million, comprising $7 million in cash and the rest in...
Marijuana company Slang buying Vermont firm for at least $17 million
Cannabis consumer packaged goods and brands company Slang Worldwide has announced an agreement to acquire High Fidelity, a vertically-integrated Vermont marijuana company, in a deal worth at least $17.25 million – and perhaps more than $25 million.
Ontario Cannabis Store: Growing competition may result in store closures
Retail access to legal marijuana has improved significantly in Ontario over the past year, shrinking the average distance between consumers' homes and regulated stores, according to provincial wholesaler Ontario Cannabis Store's new annual data report issued Tuesday....
Cannabis MSO Columbia Care raises $74.5 million in private placement
Multistate marijuana operator Columbia Care has closed a private payment of convertible notes to raise $74.5 million.
Canadian cannabis topical makers hope to boost growth in niche category
Topical cannabis products, such as skin creams, lotions, bath bombs, massage oils and lubricants, became legal in Canada in late 2019, but the category remains small relative to other cannabis-derived products that hit the market at the same time, including vape pens,...
WeedMD cuts outdoor cannabis output to focus on higher margin categories
Canadian cannabis producer WeedMD has significantly reduced outdoor cultivation at its Strathroy, Ontario, facility, turning this year's open-air production into a research crop that won't be sold to consumers. On a May 31 earnings conference call, WeedMD CEO George...
