Arizona cities might opt out of adult-use cannabis sales expansion
The city councils of two sizable municipalities in Arizona are planning to vote against allowing new adult-use cannabis businesses and testing labs, even though the state’s voters approved a recreational marijuana market during the November election.
Ayr borrows $75 million to fund marijuana acquisitions, finish facilities
Multistate marijuana operator Ayr Strategies announced a $75 million secured loan intended to fund acquisitions and complete facilities in Arizona, Ohio and Pennsylvania.
Marijuana legalization opponents turn to courts to shoot down state ballot initiatives
Private citizens and public officials, sometimes joined by governors, increasingly are filing lawsuits to kill statewide marijuana legalization ballot initiatives, including some that voters approved in November.
Growing markets lift multistate cannabis operator earnings as many MSOs turn the corner
Publicly traded multistate cannabis operators generally enjoyed robust third-quarter financial performances, bolstered by sizzling sales growth during the coronavirus pandemic and a focus on state markets that are growing.
Election underscores voter shift in favor of marijuana legalization
An analysis of votes cast for marijuana ballot measures in 2020 shows that while voters remain divided over legalization based on political affiliation and geography, the overall electorate has shifted in favor of accepting both medical and adult-use cannabis.
Newly legal states offer marijuana growers fresh opportunities, but some greener than others
The legalization ballot measures that voters approved on Nov. 3 created cannabis markets in five U.S. states – Arizona, Mississippi, Montana, New Jersey and South Dakota – and while the rules and regulations are still yet to be ironed out, some of the markets are clearly more appealing to cannabis cultivators.