Columbia Care

Virginia’s limited medical marijuana program launches

Published October 19, 2020

Virginia’s first medical cannabis dispensary opened Saturday morning in a limited market projected to reach only around $10 million in sales in 2021. Virginia became the 33rd state to launch an MMJ program, an hour before Missouri started sales. Virginia-based Dharma Pharmaceuticals opened its dispensary in Bristol by appointment only, according to a company news […]

West Virginia awards licenses to 10 medical marijuana growers

Published October 5, 2020

West Virginia regulators awarded 10 medical cannabis cultivation permits as one of the country’s slowest MMJ programs to launch took a major step toward a possible market start in spring 2021. The cultivation license award winners included at least three multistate operators – New York-based Columbia Care, Illinois-headquartered Verano Holdings and Massachusetts-based Holistic Industries – […]

Cannabis MSO Columbia Care to buy California firm in $69 million deal

Published September 8, 2020

Multistate operator Columbia Care agreed to acquire Los Angeles-based marijuana grower and retailer Project Cannabis in a deal valued at $69 million. “The acquisition of Project Cannabis enables Columbia Care to materially increase its scale throughout California and position its wholesale and manufacturing operations as one of the leading suppliers in the state,” the New […]

Columbia Care to close on major deal to acquire Colorado marijuana retailer

Published August 26, 2020

Multistate operator Columbia Care is set to close on a full-stock deal to acquire major Denver-based vertically integrated cannabis company The Green Solution, which would significantly expand the New York-based MSO’s presence nationwide.

How Columbia Care’s Nicholas Vita built his marijuana business

Published August 21, 2020 | By Omar Sacirbey

The marijuana industry is unlike any other, and it’s home to executives who have overcome federal prohibition, social stigma, draconian regulations and more obstacles to build successful companies. To provide our audience with tips and tools to build their own companies, Marijuana Business Daily has launched an occasional video series in which leading cannabis industry […]

Virginia’s potential $50 million medical cannabis program poised to launch

Published August 12, 2020 | By Jeff Smith

Virginia’s limited commercial medical cannabis program will be met with modest expectations when it launches, possibly within weeks. But proponents of the new MMJ market have lofty hopes for high growth and strong business opportunities – thanks to the possible rollout of flower sales in the next year or two. For now, products are limited […]

As Maryland’s medical marijuana market ascends, diversity issues linger

Published July 27, 2020 | By Jeff Smith

The medical cannabis market in Maryland is flourishing, with sales rapidly moving toward half a billion dollars a year. Experts credit that success, in part, to clear and transparent regulations – and regulators who have balanced compliance with patient access. But a huge lingering issue looms: litigation and investigations into a 2019 licensing round that […]

Marijuana MSO execs pinpoint state markets they’re least bullish on – and those they’re eyeing for the future

Published June 15, 2020 | By John Schroyer

This is the second installment of a two-part series in which top executives from multistate operators discuss the state-legal marijuana markets they like the most and the least. The first installment can be viewed here. Executives’ comments have been edited for length and clarity. (Click on the orange arrows to advance the slideshow.)

Multistate operator Columbia Care sued over Florida medical marijuana license

Published June 5, 2020

A Florida partnership has sued multistate marijuana operator Columbia Care for allegedly conspiring to fraudulently strip its rights to a medical cannabis license worth tens of millions of dollars. Florida MCBD filed the lawsuit against New York-based Columbia Care in the commercial division of the New York County Supreme Court. Columbia Care co-founders Michael Abbott […]

Marijuana firms aim to leverage ‘essential business’ status amid COVID-19 economic slide

Published May 15, 2020 | By Jeff Smith

Cannabis businesses declared essential during the coronavirus outbreak are hoping to leverage newly allowed flexibility such as curbside pickup and home delivery into permanent ways of doing business.

US marijuana firm Columbia Care to list on Canadian Securities Exchange

Published March 30, 2020

Columbia Care, a New York-based multistate marijuana operator, said it will start trading on the Canadian Securities Exchange on Tuesday. The company also said it will maintain its listing on Toronto’s NEO Exchange, where it trades as CCHW. Columbia Care will have the same ticker symbol on the CSE. The dual listing is a different […]

Chart: New York’s medical marijuana program grows, but future business opportunity hinges on adult-use legalization

Published February 18, 2020 | By Maggie Cowee

While New York’s medical cannabis patient registry increased by more than 23,000 in 2019, growth has slowed significantly because of various market factors leading to a low consumer participation rate. Less than 1% of New York residents have signed on as medical marijuana patients, due in part to restrictions on cannabis product forms and limited […]