Cannabis MSO sells off Massachusetts retail permit ‘on the low side’ for $1 million
A cannabis multistate operator recently sold a retail permit for an as-yet unopened cannabis store in a Boston suburb for $1 million, which local media reported is a buyer-friendly price. Arizona-based Mint Cannabis, which has locations in five states, transferred its...
How small cannabis operators are preparing for interstate commerce
This is part of a regular series of MJBizDaily interviews with major THC industry players. To be considered for an interview, contact editorial@mjbizdaily.com. Amanda Strickland believes Arkansas’ medical-only cannabis market may be in an ideal position to start...
Three states join fight against marijuana rescheduling as deadline looms
Ahead of a key deadline for participation in hearings next month on marijuana’s status, attorneys general from three states have asked a federal judge to undo the Justice Department’s historic reclassification of medical cannabis to a Schedule 3 drug. The petition...
Vireo Growth’s latest deals see cannabis MSO expand to real estate, agribusiness
Cannabis multistate operator Vireo Growth’s latest pickups in its ongoing buying spree are seeing the company look beyond plant-touching marijuana companies and into real estate and agriculture technology. On Tuesday, the Minneapolis-based MSO announced the $88.5...
New York promises cannabis operators help to pay for track-and-trace
Compliance with new seed-to-sale track-and-trace requirements can be costly, but cannabis operators in New York may be able to seek at least partial assistance covering the bill. As part of a pending state budget deal negotiated by state Assemblymember Landon Dais, a...
Cannabis MSO Curaleaf prepares for uplisting on US stock exchanges
Cannabis multistate operator Curaleaf Holdings is preparing to uplist to a major U.S. stock exchange if “ongoing regulatory developments” allow it, the company said in a statement Tuesday. In preparation, the company announced it will execute a 1-for-3...
Major consolidation in Virginia cannabis as Boston-based fund takes over second permit
Legal adult-use cannabis retail sales in Virginia are on indefinite hold as lawmakers and Gov. Abigail Spanberger quibble over the best way to launch a potential billion-dollar market. In the meantime, in a sign of consolidation that’s alarming small-business...
Massachusetts cannabis regulators to begin THC potency inflation checks
As promised late last year, Massachusetts cannabis regulators plan to begin examining whether THC potency reported on product labels is accurate. The state’s Cannabis Control Commission announced Friday it will audit products and take action if test results aren’t...
Cannabis MSO lands in receivership over $210 million debt to lender
This story has been updated to add further comment from TerrAscend. Less than a year after announcing its plans for a “strategic exit” from Michigan’s low-margin market, cannabis multistate operator TerrAscend is in receivership in the state over an outstanding $210...
Hemp THC regulation is inevitable, not a ban. Here’s how operators can prepare.
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) Hemp-derived cannabinoids grew into a $28 billion market while operating in a gray area. This created opportunities, but also confusion and...
Virginia governor explains shock rejection of cannabis retail market
Rather than launch a $1 billion cannabis market that might have problems, Virginia Gov. Abigail Spanberger would prefer no legal retail sales at all. Concerns over a “rushed” launch that could repeat “the mistakes of other states” – plus a belief that Virginia was...Featured
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