Competing multistate marijuana companies Green Thumb Industries and Verano Holdings have quietly joined forces to operate two dispensaries in their home state of Illinois. Government records show subsidiaries of both companies are the registered manage…
Illinois Medical Cannabis Business & Marijuana Legal News
Cannabis MSO Green Thumb nets $100M through initial US stock sale
Cannabis multistate operator Green Thumb Industries said it accepted an offer to sell $100 million of stock to a single institutional investor as part of a previously announced securities offering in the United States – a first for the company. C…
Marijuana vape market share down as manufacturers work to rebuild consumer confidence
The cannabis vapor pen market sector has lost market share and not grown as fast as the rest of the total marijuana market, despite vape companies redoubling efforts to ensure consumers of the safety of the products on the legal market.
Marijuana vape …
Marijuana companies weigh how to approach COVID-19 vaccinations for employees
Cannabis companies are seeking clarity on Covid-19 vaccinations for employees as the pandemic continues to cause logistical challenges in keeping workers safe.
Marijuana companies weigh how to approach COVID-19 vaccinations for employees is a post from…
Have cannabis residency requirements worn out their welcome?
Montana voters passed a recreational marijuana initiative on Election Day that will require licensed operators to be state residents, as is now the case with its medical marijuana program.
Have cannabis residency requirements worn out their welcome? is…
Cannabis MSO Cresco prices Canadian share offering to raise $125 million
Chicago-based multistate cannabis operator Cresco Labs priced an overnight marketed share offering, designed to raise roughly $125 million, at 16 Canadian dollars ($12.56) per share. The offering of Cresco’s Canadian subordinate voting shares was…
Are recreational marijuana sales in Illinois underperforming given the state’s large population?
While Illinois topped $1 billion in total cannabis sales in 2020 as consumers scooped up adult-use products, the new recreational marijuana market there might actually be underperforming when considering the state’s large population. Illinois con…
Are recreational marijuana sales in Illinois underperforming given the state’s large population?
While Illinois topped $1 billion in total cannabis sales in 2020 as consumers scooped up adult-use products, the new recreational marijuana market there might actually be underperforming when considering the state’s large population. Illinois con…
Oregon marijuana sales reach record $1 billion-plus in 2020
Recreational cannabis sales exceeded $1 billion in Oregon last year, coinciding with the coronavirus pandemic outbreak and mirroring record-high sales in other legal marijuana markets.
Oregon marijuana sales reach record $1 billion-plus in 2020 is a po…
Illinois on pace to surpass $1 billion in cannabis sales for 2020
Despite 2020’s major challenges, cannabis businesses in Illinois are expected to post sales totaling more than $1 billion for the year. And 2020 was only the first year of operation for the state’s legal recreational cannabis program.
Illinois on pace …