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Acreage selling Florida marijuana arm to Red White & Bloom for $60 million

Multistate marijuana operator Acreage Holdings said it has a definitive agreement to sell its medical cannabis operation in Florida to Red White & Bloom Brands for $60 million in cash and stock. The deal reflects a further retrenchment by New York-…

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For Former Senator Tom Daschle, Marijuana Reform Matters ‘For My Grandchildren’

For Former Senator Tom Daschle, Marijuana Reform Matters ‘For My Grandchildren’
During his tenure as a public servant, he preferred keeping marijuana in the DEA’s Schedule I category. Now, he’s had a change of heart.
The post For Former Sen…

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As Cannabis Reform Continues In 2021, Here’s What To Expect

As Cannabis Reform Continues In 2021, Here’s What To Expect
As 2020 comes to a close, the cannabis industry can call itself one of the few winners from an otherwise calamitous year.
The post As Cannabis Reform Continues In 2021, Here’s What…

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Maine medical marijuana operator sues over MMJ residency requirement

Maine’s leading medical marijuana operator is challenging the state’s MMJ residency requirement, seven months after suing and getting the state to back off a similar provision for adult use. Wellness Connection of Maine on Dec. 17 filed a lawsuit in U….

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Cannabis MSO Acreage names former top Pfizer executive as CEO

Multistate marijuana company Acreage Holdings Inc. has appointed Peter Caldini as chief executive officer.
Cannabis MSO Acreage names former top Pfizer executive as CEO is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news…

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Coronavirus Spike Creates Risk For Cannabis MSOs

Coronavirus Spike Creates Risk For Cannabis MSOs
Large-scale dispensary shutdowns could completely derail the Biden-elect momentum from November, so MSO investors should continue to monitor the situation closely.
The post Coronavirus Spike Creates Risk…

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Cannabis MSO Acreage inks $12 million loan to expand Illinois operation

Multistate cannabis operator Acreage Holdings said Wednesday it has agreed to a $12 million construction loan to complete the expansion of its cultivation and processing facility in the fast-growing Illinois market. The financing is from The Pelorus Fu…

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Drop in political funding by MPP illustrates shift toward marijuana trade groups, MSOs

The Marijuana Policy Project has long been a leader in funding cannabis reform at the state and federal levels, but the current election season demonstrates that MPP’s role is shifting in a significant way – toward a more collaborative posi…

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Asset sales, market growth might boost cannabis multistate operator finances

Publicly traded multistate marijuana operators appear to be in better financial health than they were at the beginning of the year, but many have shed operations in potentially lucrative markets to bolster their balance sheets. MSOs are benefiting from…

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Cannabis MSO Acreage raises $33M, partly to pay off higher-interest debt

Multistate marijuana operator Acreage Holdings said it raised $33 million in debt, a development that shows an easing of a credit crunch facing the company. The three-year loan with an unidentified institutional lender is unsecured and at a 7.5% annual…