Publicly traded multistate cannabis operators generally enjoyed robust third-quarter financial performances, bolstered by sizzling sales growth during the coronavirus pandemic and a focus on state markets that are growing.
Growing markets lift multista…
Arizona Medical Cannabis Business & Marijuana Legal News
Election underscores voter shift in favor of marijuana legalization
An analysis of votes cast for marijuana ballot measures in 2020 shows that while voters remain divided over legalization based on political affiliation and geography, the overall electorate has shifted in favor of accepting both medical and adult-use c…
Newly legal states offer marijuana growers fresh opportunities, but some greener than others
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 …
$6 billion question: Which states are likely to legalize recreational marijuana in 2021?
Recreational marijuana legalization victories at the ballot box in Arizona and New Jersey this month have set the table for adult-use legalization in a handful of nearby states in 2021 – with more than $6 billion in business opportunities possibly up f…
Harvest Health sells Arkansas medical marijuana operation for $25 million
Multistate marijuana operator Harvest Health & Recreation said it has completed the sale of its Arkansas medical marijuana operations for $25 million, a move to allow the company to focus on markets such as Arizona. Arizona-based Harvest Health sai…
Wholesale marijuana, hemp oil prices fall nationwide amid growing supply of raw material
Wholesale prices of marijuana and hemp oil have fallen from a year ago, according to industry executives, reflecting rising oil production nationwide that has more than offset an uptick in cannabis sales amid the coronavirus pandemic. The drop in whole…
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. Marijuana multistate operators are well-positioned to th…
Private multistate marijuana giants Verano and AltMed to merge, creating 14-state operator
On Thursday, Nov. 12, get insights on cannabis investing and what the post-election investment climate looks like during MJBizCon’s Passholder Days. Marijuana multistate operator Verano Holdings on Wednesday announced a definitive agreement to acquire …
Getting to know the five new cannabis markets that voters have legalized
The legalization ballot measures that voters approved on Election Day will open new cannabis markets in five U.S. states that have a combined population of about 21.2 million people.
Getting to know the five new cannabis markets that voters have legali…
Canada’s Ayr Strategies buys Arizona medical cannabis firm for $81 million
Multistate cannabis operator Ayr Strategies announced an $81 million acquisition deal that will allow the Toronto-based company to enter Arizona, giving it three storefronts in the Phoenix metro area and two cultivation facilities. The deal comes on th…