DC’s medical marijuana market set for shake-up as ‘gifting’ shops transition
Medical marijuana dispensaries are multiplying rapidly in Washington, D.C., as regulators convert “gifting” shops that were operating under Initiative 71.
Maryland Medical Cannabis News
Medical marijuana dispensaries are multiplying rapidly in Washington, D.C., as regulators convert “gifting” shops that were operating under Initiative 71.
Mergers and acquisitions in the cannabis industry in 2024 totaled $1.169 billion, a decrease of $579 million – or 33% – from the $1.749 billion of industry M&A the previous year, according to Viridian Capital Advisors.
The rollout of Maryland’s social equity marijuana program has faced significant delays, with none of the businesses open nearly a year after they were awarded licenses.
Massachusetts-based marijuana multistate operator MariMed has closed on its $11 million acquisition of First State Compassion Center in Delaware.
Many U.S. states have embraced medical cannabis as a treatment for various ailments, yet women’s health issues remain largely overlooked as qualifying conditions by many MMJ programs.
Maryland legislators have introduced two complementary bills to establish rules and regulations for cannabis consumption lounges.
Tabatha Robinson, a top official at New York’s Office of Cannabis Management, has been chosen to diversify a $1 billion market as leader of the Maryland Cannabis Administration.