About two-thirds of the 1,817 adult-use marijuana social equity license applicants in Minnesota were denied access to the state’s license lottery, which is expected to be held the week of Dec. 2.
Chicago-based PharmaCann announced Tuesday it has struck a deal to acquire Colorado-headquartered LivWell Enlightened Health in a transaction that will allow PharmaCann to extend its market footprint to eight states.
The legalization ballot measures that voters approved on Nov. 3 created cannabis markets in five U.S. states – Arizona, Mississippi, Montana, New Jersey and South Dakota – and while the rules and regulations are still yet to be ironed out, some of the markets are clearly more appealing to cannabis cultivators.
Applicants for retail cannabis licenses in Illinois will be awarded in a lottery later this month, after all 17 regions saw only about 20 companies given perfect scores on their applications – meaning they tied for the permits.
Cannabis companies, particularly multistate operators (MSOs), are increasingly incorporating lawsuits into their licensing application strategy in a bid to secure a permit in a highly sought-after market.
Illinois on Friday became the country’s first state to legalize recreational marijuana cultivation and sales through its Legislature, a landmark move that paves the way for the creation of one of the nation’s largest adult-use cannabis markets offering “huge” business opportunities.
The Michigan medical marijuana industry sees an expansion of qualifying conditions and new licenses, Oklahoma adopts emergency medical cannabis rules, and Maine’s MMJ market opens up in new ways.
