Cannabis MSO Green Thumb Industries refinances via $150 million credit facility
Chicago-based Green Thumb Industries plans to use the proceeds and existing cash to retire its $225 million senior secured debt due April 30.
Value of a cannabis license varies with type, market age
A cannabis business license in one jurisdiction can be a golden ticket to substantial profits. In another, it’s just a piece of paper.
Teamsters unionize fourth Verano cannabis store in Illinois
The Evanston, Illinois, location of the Zen Leaf cannabis retail chain “voted overwhelmingly” to join the International Brotherhood of Teamsters Local 777.
Marijuana MSOs set up high-risk fight with IRS over 280E of tax code
Tens of millions of dollars in tax savings and a quick increase in available cash are some of the immediate short-term benefits for the five major marijuana multistate operators that have declared their freedom from Section 280E of the Internal Revenue Code.
Curio Wellness and Ascend team up to expand cannabis footprints
Cannabis multistate operators Curio Wellness and Ascend Wellness Holdings each are entering new states through a strategic manufacturing and distribution partnership.
Verano spending $105M to buy cannabis licenses in 2 markets from Cannabist Co.
Chicago-based cannabis multistate operator Verano Holdings Corp. will pay $105 million to The Cannabist Co. to acquire the New York-headquartered MSO’s plant-touching operations in Arizona and Virginia.
States struggle to implement effective environmental regulations for marijuana
The cannabis industry’s outsized impact on the environment – especially high energy and water use – increasingly is catching the attention of regulators, and some states are developing marijuana-specific environmental regulations in response.
