Marijuana cultivator Bright Green secures $3.5 million private placement
An institutional investor has agreed to buy more than 3 million shares in Florida-based marijuana cultivation company Bright Green Corp.
New Mexico Medical Marijuana News
An institutional investor has agreed to buy more than 3 million shares in Florida-based marijuana cultivation company Bright Green Corp.
New Mexico’s regulated medical marijuana program will permit insomnia as a qualifying condition effective June 1, a move that could potentially expand the state’s MMJ market.
Medical and recreational cannabis markets continue to have a growing impact on the broader U.S. economy, but the state-level impact differs based on each market’s size, maturity and type.
The U.S. Drug Enforcement Administration has officially registered publicly traded Bright Green Corp. as a federally licensed cannabis cultivator and product manufacturer.
It’s been a little more than a year since New Mexico launched adult-use marijuana, with sales topping $300 million during the initial 12 months.
Colorado-based cannabis multistate operator Schwazze is deepening its presence in New Mexico with the planned acquisition of certain assets belonging to Sucellus.
New Mexico’s regulated adult-use marijuana market turned 1 year old on April 1, with first-year recreational sales totaling nearly $301 million.