curaleaf

Curaleaf medical marijuana workers in Massachusetts unionize

Employees of a Curaleaf medical marijuana dispensary in Hanover, Massachusetts, voted in favor of joining the United Food and Commercial Workers (UFCW) Local Union 328. “The workers wanted to address issues related to the pandemic as well as other issues such as low pay and unfair discipline,” the UFCW noted in a news release. The […]

Read More

Curaleaf enters European cannabis market with $286 million acquisition of Emmac Life Sciences

Curaleaf Holdings said Tuesday it signed a $286 million definitive agreement to acquire London-based medical marijuana company Emmac Life Sciences, giving the Massachusetts-based multistate operator a major foothold in the European cannabis market and a leg up on rival businesses. The terms of the deal call for Curaleaf to pay $286 million up front, with […]

Read More

Marijuana union organizing surging amid pandemic, uptick in labor peace requirements

Union organizing in the marijuana industry has been on the upswing in the past year amid the coronavirus pandemic, particularly in new and emerging adult-use markets such as Illinois, Massachusetts and New Jersey. Several factors are in play, according to union officials and labor experts: The pandemic increased employee anxiety and concerns about workplace health […]

Read More

Arizona’s new recreational cannabis firms see strong sales, possible supply issues on horizon

Vertically integrated cannabis companies in Arizona’s fledgling recreational market are reporting long customer lines and robust sales after a lightning-quick market launch less than three months after voters approved adult-use legalization. Dispensary operators, which were given first crack at recreational licenses, report that initial adult-use sales were two to three times the value of their […]

Read More

European cannabis producer raises $20 million

Emmac Life Sciences, a European vertically integrated cannabis producer, said it raised 15 million pounds ($20 million) via an issue of convertible loan notes. The Dec. 16 issue “saw strong support from existing shareholders, with Measure 8 Venture Partners, Emmac’s largest existing cash investor, leading the round with a significant investment,” according to a news […]

Read More

Marijuana multistate operators set to capitalize on new markets, but small firms face hurdles

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 More

Nevada marijuana market regains footing after strict COVID-19 restrictions, fewer tourists

Nevada’s recreational marijuana sales have largely recovered, having slumped in the spring from some of the strictest coronavirus shutdown measures in the nation and dwindling numbers of tourists visiting Las Vegas. Industry officials link the rebound to robust demand from local residents and improved business practices that arose as a necessity during the shutdown, including […]

Read More