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NM House approves adult-use cannabis bill combining state, private retailers
The New Mexico House narrowly approved a compromise bill that would allow the sales of recreational marijuana through a combination of state-run and private stores. The compromise legislation OK’d Thursday incorporates…
News March 8
Marijuana firm Cronos closes CA$2.4 billion investment from tobacco giant Altria
Altria Group's record-breaking investment of 2.4 billion Canadian dollars ($1.8 billion) in Ontario-based cannabis producer Cronos Group closed Friday, completing what is so far the largest investment by a tobacco…
News March 8
‘Forefront of consolidation’: Shareholders OK marijuana merger of Emblem, Aleafia
Shareholders of Ontario-based cannabis producer Emblem approved a 173 million Canadian dollar ($128 million) buyout from vertically integrated company Aleafia Health in a deal that puts the two companies at…
News March 8
Repeal of smokable medical cannabis ban clears Florida Senate
Florida currently prohibits smokable medical marijuana products – which poses a significant drag on the state’s MMJ businesses’ sales potentials. So, many of those firms are welcoming news that the…
News March 8
Colorado may soon allow its $1.5B marijuana industry to open to outside investors & more of the week’s top news (SLIDESHOW)
Colorado looks close to welcoming a surge of outside investors and capital to its marijuana markets, Hawaii kicks off a program allowing qualified visitors to purchase medical marijuana, bills pending…
News March 8
Marijuana retail offers solid investment prospects
Retail investments can be tricky for several reasons, but it's also a promising sector of the industry that is burgeoning across the country, with new markets are opening at a…
News March 8
Alaska’s on-site marijuana consumption rules await lieutenant gov’s pen
Alaska has moved closer to allowing on-site consumption of cannabis at specially authorized stores, a move that could generate $2.4 million in new revenue, according to an informal industry analysis.…
News March 7
Three cannabis reform bills reintroduced in Congress
The list of pro-marijuana reform bills in Congress just got a little longer. Not only was the anticipated bipartisan SAFE Banking Act reintroduced on Thursday after a much-publicized congressional hearing…
News March 7
Weekly Deal Watch: M&A activity continues to ramp up among US cannabis cultivators, retailers
M&A activity this year is outpacing the number of deals closed this time last year. Cultivators and retailers continue to be top takeover targets with nearly 30 deals closed this…
News March 7
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