Marijuana Sales, Funding & Banking News

Cannabis data firm Headset to partner with global analytics company Nielsen

Global measurement and data analytics company Nielsen has formed an alliance with Seattle-based cannabis analytics firm Headset to provide insights about the U.S. marijuana market to consumer packaged goods (CPG) businesses. According to a news release, the two firms are joining forces as New York-based Nielsen develops “a full suite” of cannabis measurement capabilities to […]

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WV Senate approves banking fix to medical marijuana law, sends bill to governor

The West Virginia Senate has passed a bill addressing banking services for the state’s medical cannabis program, removing an obstacle that had slowed the MMJ industry’s rollout in the state. The Senate approved the bill 29-4 on Tuesday. It now goes to the governor. The bill would authorize the state to allow financial institutions, including […]

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Oklahoma medical cannabis sales surpass $7 million in February

Oklahoma’s new medical marijuana market is continuing to blossom, hitting more than $7.2 million in sales in February alone. That’s up from $4.3 million in January, after a $1 million sales month in December, the first full month of MMJ sales in the state. Oklahoma voters legalized medical marijuana just last June, and the state’s business-friendly MMJ […]

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Multistate cannabis firm 4Front buys dispensary, grow operations in AZ and MA

4Front Holdings, a U.S. cannabis retail and brand company based in Phoenix, expanded its national footprint with acquisitions in Massachusetts and Arizona. 4Front acquired Healthy Farms, which has two dispensaries and a cultivation facility in Massachusetts, and PHX Interactive, owner of Greens Goddess in Phoenix, a holder of a vertically integrated license. Financial details of the […]

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Vertically integrated cannabis firm Ascend Wellness raises $55 million for expansion

Boston-based Ascend Wellness Holdings (AWH), a multistate vertically integrated marijuana operator, secured $55 million in funding to aid expansion plans in its home state of Massachusetts and other markets. The additional money will allow the company to grow its footprint into Ohio, where Ascend has an agreement to purchase a cultivation license and is in “advanced […]

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Webcast: What’s in store for marijuana investors in 2019?

Cannabis investments continue to break records in 2019, but is it a trend that can keep pace in a rapidly evolving industry? Join us Thursday, Feb. 21, at 1 p.m. ET/10 a.m. PT for an MJBizDaily Investor Intelligence Webcast with Viridian Capital Advisors. In this webcast, Scott Greiper and Harrison Phillips will share data on […]

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Medical marijuana sales in Pennsylvania exceed $132M in first year

Pennsylvania’s medical cannabis businesses made at least 600,000 transactions during the program’s first year and their sales totaled $132 million, according to state officials. That marks a strong start for medical marijuana businesses in the Keystone State compared to others that recently completed their debut MMJ sales. Maryland’s medical cannabis program totaled just under $100 […]

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