Michigan’s Jars expands marijuana footprint to CO through acquisition
Michigan-based marijuana brand and retailer Jars Cannabis entered the Colorado market by agreeing to acquire the Euflora chain.
Arizona Medical Cannabis News
Michigan-based marijuana brand and retailer Jars Cannabis entered the Colorado market by agreeing to acquire the Euflora chain.
Marijuana multistate operator Curaleaf Holdings said it closed on its previously announced acquisition of Arizona-based Tryke Cos., with the final price tag amounting to $181 million in cash and stock.
After 2021’s record-breaking year for mergers and acquisitions, many marijuana industry insiders predicted that 2022 would be an even more active year.
But so far, that’s not been the case.
The cannabis industry is not immune to the costly potential of a product recall, which is a necessary evil required for regulated markets to remain functional.
While business around the world shuttered as COVID-19 spread, the marijuana industry was deemed “essential” in nearly 30 states and stood to gain from the pandemic.
But more than two years later, amid rising inflation and fears of a recession, North American cannabis companies are cutting hundreds of jobs, closing retail outlets and cultivation facilities or shuttering altogether.
U.S. cannabis sales through July were a mixed bag across the country, as consumers adjusted to historic inflation and shrinking disposable income, according to an analysis of state sales data by MJBizDaily.
Maridose has been licensed by the U.S Drug Enforcement Administration and Department of Justice for the bulk manufacture of cannabis to supply marijuana, MJ extracts (including isolated chemical constituents) and THC to researchers.