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Week in Review: Cannabis merger goes up in smoke, regulators target MJ vaping, Maine inches toward adult-use sales & more

MedMen and PharmaCann scrap their planned merger, state and federal officials act against marijuana vaping, Maine moves toward the launch of recreational MJ sales by the spring – and more…

News October 11
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Cannabis companies scale back plans as access to capital tightens

Several companies recently announced challenges with financing their expansion plans. The trend doesn't bode well for many cannabis operators.

News October 10
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Arkansas medical marijuana sales brisk, total $12.3 million for five months

Sales of medical cannabis in Arkansas continue at a strong pace, totaling $12.35 million in the first five months of the program. At this rate, sales are on pace to…

News October 10
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Vireo agrees to milestone medical cannabis labor pact in Pennsylvania

Minnesota-based Vireo Health, a multistate marijuana operator, signed the first vertically integrated medical cannabis labor agreement in Pennsylvania, a deal that is being touted as a win for both the…

News October 10
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US Senate leader McConnell expected to discuss marijuana banking reform

U.S. Senate Majority Leader Mitch McConnell is scheduled to talk with cannabis industry executives this week in California about marijuana banking legislation and other issues, perhaps signaling that the Kentucky…

News October 10
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Los Angeles attorneys group creates cannabis law practice area

The Los Angeles County Bar Association (LACBA) approved a new law practice section specifically focused on marijuana, a move that could make it easier for a cannabis business operator to…

News October 10
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Capital markets closed: Who’s next after TGOD and MMEN?

Recently, several companies have announced challenges with financing their expansion plans. The trend doesn't bode well for many operators in cannabis.

News October 10
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Hexo, Green Organic Dutchman’s woes may be a harbinger for Canadian cannabis businesses, analysts say

Some Canadian cannabis companies are facing a financial squeeze because of the country’s slow rollout of recreational marijuana stores and a dwindling pool of available funding. Quebec cannabis producer Hexo…

News October 10
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REIT inks $42 million deal with LivWell for Michigan marijuana warehouse

Innovative Industrial Properties, a real estate investment trust (REIT) focused on the cannabis industry, bought a warehouse in Michigan from LivWell Holdings in a $42 million sales-leaseback deal. San Diego-based…

News October 10
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