3 Oregon cannabis trade associations merge into one group
Three Oregon marijuana trade associations have pooled their resources to create a more overarching organization called the Cannabis Industry Alliance of Oregon (CIA).
Connecticut receives more than 15,000 retail marijuana license applications
Connecticut marijuana regulators were inundated with more than 15,600 applications for retail recreational marijuana stores before last week’s deadline.
Missouri campaign to legalize marijuana submits ballot signatures to state
A campaign working to legalize adult-use marijuana in Missouri has submitted almost 400,000 voter signatures to the state in support of a ballot measure for this coming November.
Marijuana REIT NewLake Capital inks $30 million credit facility
Marijuana industry real estate investment trust NewLake Capital Partners announced it secured a five-year revolving credit facility worth $30 million, with the possibility of expansion to $100 million “as additional lenders are added.”
California cannabis companies sell assets, narrow focus to save money
Vertical integration was the name of the game when California launched its recreational marijuana market in 2018, as companies handled everything from cultivation to retail sales and home delivery.
Four years later, operators across the state, small and large, are divesting assets, shuttering business lines and letting coveted licenses expire in order to cut costs and narrow their focus in the world’s largest marijuana market.
New York OKs 36 more recreational cannabis cultivation permits
New York marijuana regulators approved 36 more conditional licenses to grow recreational marijuana, adding to the list of hemp growers approved to kickstart the new adult-use program.
MSO MariMed buys Illinois cannabis licensee Green Growth Group
Multistate marijuana company MariMed completed the acquisition of Illinois cannabis company Green Growth Group, vertically integrating its business operations within the Midwestern state.
