Get insights on cannabis investing and what the post-election investment climate looks like during the Investor Intelligence Conference portion of MJBizCon’s Passholder Days on Thursday, Nov. 12. (The graphic above has been corrected to reflect that Acreage Holdings has a cultivation/processing operation in Pennsylvania but no retail locations and that Harvest Health & Recreation has […]
Read MoreColumbia Care
Could New York’s limited medical cannabis program hamper a new adult-use market?
Editor’s note: Get up-to-date insights on state ballot initiatives and all things Election 2020 for cannabis at MJBizCon. We start with Election Week | November 2, 2020 & November 4, 2020. New York could potentially become one of the biggest marijuana markets in the world, but its existing medical cannabis program is heavily regulated and […]
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Virginia’s limited medical marijuana program launches
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 […]
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West Virginia awards licenses to 10 medical marijuana growers
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 – […]
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Cannabis MSO Columbia Care to buy California firm in $69 million deal
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 […]
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Columbia Care to close on major deal to acquire Colorado marijuana retailer
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.
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How Columbia Care’s Nicholas Vita built his marijuana business
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 […]
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Virginia’s potential $50 million medical cannabis program poised to launch
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 […]
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As Maryland’s medical marijuana market ascends, diversity issues linger
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 […]
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Marijuana MSO execs pinpoint state markets they’re least bullish on – and those they’re eyeing for the future
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.)
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Multistate operator Columbia Care sued over Florida medical marijuana license
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 […]
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Marijuana firms aim to leverage ‘essential business’ status amid COVID-19 economic slide
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.
Read MoreOctober Issue
