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California REIT, Curaleaf strike $5.5M cannabis deal on New Jersey property
Innovative Industrial Properties, a San Diego-based, marijuana-centric real estate investment trust (REIT), has solidified yet another sale-leaseback deal, this time partnering on a New Jersey property with multistate operator Curaleaf…
News July 17Arkansas medical marijuana growers sue to keep others from entering market
Five Arkansas companies with permits to grow medical cannabis are suing to stop three more cultivation licenses from being issued.
News July 17Rhode Island taking applications for six more medical cannabis dispensaries
Rhode Island medical cannabis regulators started accepting applications Friday for six potentially lucrative dispensary licenses, a move that will triple the number of retail outlets for the $60 million-plus market.…
News July 17Michigan social equity regulations help cannabis applicants get started but lack continued support
Michigan's marijuana social equity provisions lower the barrier to entry for recreational cannabis business applicants, but some industry insiders say the state needs to do more to help keep such…
News July 17Ontario cannabis stores see delivery, curbside pickup extended to July 29
The Ontario government lengthened an emergency order allowing licensed cannabis stores to offer curbside pickup and delivery, giving marijuana retailers an extra week during the ongoing COVID-19 pandemic. The emergency…
News July 16British Columbia extends security verifications for cannabis store workers
Security verifications for workers in regulated cannabis stores in British Columbia will now be valid for five years, instead of two. “Security screening and rescreening requirements were implemented as a…
News July 16Marijuana operator MedMen on the hook to pay legal fees of former CFO
A California judge has ruled that MedMen Enterprises must abide by an employment contract and pay the legal fees of a former chief financial officer who sued the marijuana multistate…
News July 16As cannabis investor reset continues, estimates at risk of further cuts in 2Q earnings season
Though revenue and profit estimates for the cannabis industry have declined, the upcoming second-quarter earnings season brings the risk of further estimate cuts. California-based KushCo Holdings might be a forewarning…
News July 16Netherlands clarifies application process to grow adult-use cannabis
The Dutch government wants to clear up several issues regarding the application process to grow legal recreational marijuana. The process is part of an experiment in the Netherlands to legalize…
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