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Marijuana MSO Parallel moves into Illinois with $100 million acquisition

Atlanta-based Parallel, one of the largest privately held multistate marijuana operators in the United States, entered into a definitive agreement to acquire six stores belonging to an Illinois retail chain…

News April 1
New York marijuana

Developers planning 70-acre ‘cannabis campus’ in upstate New York

Following the legalization on Tuesday of recreational marijuana in New York, developers in South Buffalo announced they're moving ahead full steam with a new business park that they envision could…

News April 1
Detroit marijuana

Detroit adult-use marijuana license applications now open to all

Detroit opened its adult-use marijuana license application process to all comers on Thursday. That includes applicants with or without existing medical marijuana licenses, although applicants with existing MMJ permits have…

News April 1
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New Mexico lawmakers approve potential $350 million recreational marijuana market

New Mexico lawmakers on Wednesday night passed a recreational marijuana bill that provides licensing opportunities for small businesses and individuals from communities disproportionately harmed by the war on drugs.

News April 1
Wall Street and marijuana

Why adult-use cannabis legalization in New York, the nation’s financial hub, is a big deal

Adult-use cannabis legalization in New York will produce powerful impacts well beyond the sales generated within the state’s borders, industry experts say.

News April 1
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Australian cannabis sales to surpass $150 million in 2021

Australia’s medical marijuana sales could surpass 200 million Australian dollars ($152 million) this year, a twofold increase over 2020, fueled by growing patient numbers and better product selection, according to…

News March 31
virginia marijuana

Virginia governor wants to push up parts of recreational cannabis timeline

Virginia Governor Ralph Northam announced amendments to the state law legalizing recreational cannabis that would bump up aspects of the timeline for legal marijuana, but not start sales or cultivation…

News March 31
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Marijuana giants Greenlane, KushCo to merge in all-stock deal

Two of the marijuana industry’s biggest ancillary companies, Greenlane Holdings and KushCo Holdings, entered into an all-stock merger agreement.

News March 31
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There are indications of a thaw in glacial federal prohibition of marijuana

With New York's governor signing adult-use marijuana into law this week, that state joins the growing ranks of U.S. markets legalizing first-degree marijuana usage.

News March 31
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