California is handing out $15 million in grant money to 10 cities and counties that have adopted social equity programs to help get minorities and those harmed by the war on drugs involved in the legal marijuana market. The new allotment, awarded by Go…
Cannabis Industry & Marijuana Business Briefs
4Front eyes Illinois expansion through $51.5M marijuana sale-leaseback deal
Marijuana multistate operator 4Front Ventures entered into definitive agreements to finance the construction of a massive $51.5 million cultivation and processing facility in Illinois through a sale-leaseback arrangement. The agreements call for San Di…
Cannabis tech platform Dutchie raises $200M, acquires Greenbits, LeafLogix
Cannabis retail technology platform Dutchie has raised $200 million in a Series C funding round it says values the company at $1.7 billion. The funding round was led by investment firm Tiger Global and also included previous investors Casa Verde Capita…
Unserved CO areas getting recreational marijuana stores after election
Regulated recreational marijuana stores are coming to untapped Colorado markets after pro-marijuana ballot wins last November. Voters in eight Colorado municipalities voted in last November’s election to allow recreational marijuana sales in the …
Unserved CO areas getting recreational marijuana stores after election
Regulated recreational marijuana stores are coming to untapped Colorado markets after pro-marijuana ballot wins last November. Voters in eight Colorado municipalities voted in last November’s election to allow recreational marijuana sales in the …
Unserved CO areas getting recreational marijuana stores after election
Regulated recreational marijuana stores are coming to untapped Colorado markets after pro-marijuana ballot wins last November. Voters in eight Colorado municipalities voted in last November’s election to allow recreational marijuana sales in the …
Arizona adult-use cannabis sales hit $2.9 million during initial 10 days
Adult-use cannabis sales in Arizona reached $2.9 million in the first 10 days that sales were permitted, according to figures released by the state. Recreational sales in Arizona began Jan. 22 after 73 of 130 licenses were approved by the Arizona Depar…
SPAC to acquire four marijuana operations in $210 million deal
New York-based Greenrose Acquisition Corp., a special purpose acquisition company, entered into definitive agreements to acquire four marijuana businesses in a deal initially valued at $210 million. The companies to be acquired are Futureworks (doing b…
Maine’s largest city about to open recreational cannabis license floodgates
Maine’s biggest city, Portland, could soon be awash in recreational cannabis retailers after a slow implementation process. SeaWeed Co. opened March 12, Grass Roots Marijuana Shop is expected to open Tuesday March 16 and another 31 applicants are await…
Ohio high court orders state to act on medical marijuana cultivation expansion
The Ohio Supreme Court told state regulators that they can’t just ignore applications to expand medical marijuana cultivation facilities. In an eight-page decision, Ohio’s highest court ordered regulators to either approve or deny Fire Rock’s app…