Maryland Medical Cannabis News
What do tour buses, tarot cards and Mexican wrestling have in common?
They’re popping up at medical marijuana dispensaries and adult-use retail shops across the United States.
San Diego-based Innovative Industrial Properties (IIP) acquired a Maryland marijuana cultivation and processing facility for $25 million.
More than a half-dozen states remain in play to potentially legalize medical or recreational marijuana through their legislatures this year, with much of the activity focused along the East Coast.
TerrAscend entered a definitive agreement to acquire a Maryland medical cannabis dispensary for $11.7 million, a deal that will enable the multistate operator to complete a vertical operation in the state.
Maryland voters will have an opportunity to legalize a recreational cannabis market in November after a vote by state lawmakers put the question on the statewide ballot.
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.
