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Is vertical integration the right approach for your cannabis business?
Kevin Currier has lost sleep over the prospect of vertically integrating his new marijuana business in Michigan. A Michigan resident, Currier applied for a medical cannabis retail license in Grand…
News March 19
Florida ends ban on smokable cannabis, opening door to tens of millions in new sales
Florida’s dozen or so active medical marijuana businesses are expected to see tens of millions of dollars in additional sales by this summer – thanks to a new law that…
News March 18
Tilray eyes US, European marijuana as it reports Q4 sales rise, wider loss
Canadian cannabis cultivation giant Tilray plans to focus on Europe and the U.S. for its upcoming expansion plans after posting higher-than-expected sales in the fourth quarter.
News March 18
IL treasurer: State medical cannabis firms may collapse without banking reform
Illinois Treasurer Michael Frerichs warned legislators the state’s medical marijuana industry could collapse if the state doesn’t take action to combat what he called a banking crisis for cannabis businesses.…
News March 18
Marijuana company Curaleaf to buy Nevada’s Acres Cannabis for $70M
Massachusetts-based Curaleaf, a vertically integrated cannabis operator, agreed to buy Acres Cannabis for $70 million in a cash and stock deal. Acres Cannabis currently operates 269,000 square feet of cultivation…
News March 18
New Mexico adult-use cannabis bill fails; gov wants to revive in 2020
New Mexico Gov. Michelle Lujan Grisham is looking to put recreational marijuana legalization back on the agenda for the next legislative session after a bipartisan bill stalled without a Senate…
News March 18
Cresco to enter FL medical marijuana market via $120M VidaCann purchase
Cresco Labs, a Chicago-based vertically integrated cannabis company, agreed to acquire Florida medical marijuana provider VidaCann in a $120 million cash and stock deal. The deal gives Cresco a presence…
News March 18
Chart: Ohio medical marijuana sales start strong, but not all patients are buying
Ohio's medical cannabis sales are off to a healthy start, garnering $1.85 million in under two months, but high prices and limited access to dispensaries have restricted patient participation.
News March 18
Metrics that Matter: How should cannabis and hemp companies be valued?
With the mainstreaming of cannabis and hemp, private equity groups, family offices, private investors and publicly held companies have all taken note of this high-growth industry. But, as with any…
News March 15
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