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. Disp…
Harvest Health & Recreation
Harvest closes $34.6M Florida sale-leaseback deal with marijuana REIT
Multistate marijuana operator Harvest Health & Recreation on Monday closed a sale-leaseback transaction, selling a cultivation and processing facility in Alachua, Florida, to Innovative Industrial Properties for $23.8 million. Harvest anticipates a…
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…
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 …
Marijuana MSO Harvest Health raises nearly $35 million in stock offering
Marijuana multistate operator Harvest Health & Recreation raised $34.5 million (46 million Canadian dollars) through a public offering of subordinate stock, the company said Wednesday. The Arizona-based marijuana company said in a previous news rel…
Marijuana legalization proponents outraising opponents 36-to-1 in 2020
Financial support for marijuana legalization, both medical and recreational, has grown significantly in 2020 compared to 2016. Proponents of state ballot measures have outraised opponents this election season by almost 36-to-1, a massive increase from …
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…