Maryland Medical Cannabis News
Cresco Labs is expected to sell off $250 million-$500 million worth of marijuana cultivation and retail licenses largely to meet state license limits as part of its planned $2 billion acquisition of rival Columbia Care.
Major multistate cannabis operators Cresco Labs and Columbia Care said Wednesday they have agreed to combine in a blockbuster deal worth roughly $2 billion, with Chicago-based Cresco set to acquire New York-headquartered Columbia.
Cannabis multistate operator Verano Holdings said it has drawn an additional $100 million under its existing credit agreement to fund expansion and strategic initiatives.
Maryland’s House of Delegates passed two bills Friday that would give state voters the opportunity to decide in November whether to legalize recreational marijuana possession and use for those 21 and older.
Flower remains by far the most sought-after product in the U.S. cannabis market, but that dominance is slipping as other adult-use products gain in popularity.
Legislators in Maryland have launched another attempt to legalize recreational cannabis, including social equity measures.
Verano Holdings signed a definitive agreement to acquire Goodness Growth Holdings for roughly $413 million, a move that will enable the cannabis multistate operator to expand into Minnesota, New York and New Mexico.
