Pennsylvania-based Organic Remedies plans to build out a 240,000-square-foot cultivation and processing facility in the state and three additional medical marijuana dispensaries thanks to a $22 million raise. The financing reflects how capital continue…
Marijuana Sales, Funding & Banking News
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 …
Ohio medical cannabis businesses are now on the market to highest bidders
Ohio medical cannabis businesses have begun changing hands, particularly now that a year-long waiting period for the sale of dispensaries has expired. According to the Cleveland Business Journal, at least eight licensed businesses have been purchased a…
Copperstate Farms expands its marijuana operations in Arizona
Copperstate Farms Management is expanding its footprint in Arizona through an agreement to acquire control of two licensed medical marijuana dispensaries in North Scottsdale and Tempe. The dispensaries, Level Up, were formerly the property of Los Angel…
Massachusetts recreational marijuana sales top $1B despite COVID closures
Recreational cannabis retailers in Massachusetts surpassed $1 billion in gross sales two years after the market began operating.
Massachusetts recreational marijuana sales top $1B despite COVID closures is a post from: Marijuana Business Daily: Financi…
Federal marijuana reform prospects bright – provided the Senate flips, Biden wins
Tuesday’s general election could have huge implications for federal marijuana reform, but the biggest business impacts hinge on whether the U.S. Senate flips to the Democrats and former Vice President Joe Biden wins the presidency.
Federal marijuana re…
Harvest Health snags three more medical marijuana licenses in Arizona
Harvest Health & Recreation said Monday it is acquiring three vertical medical marijuana licenses in Arizona as part of a settlement with Devine Hunter, boosting the multistate operator’s market-leading dispensary total from 15 to 18. The set…
Trials minorities face raising marijuana capital: Q&A with DC dispensary owner Linda Mercado Greene
Linda Mercado Greene, co-founder and CEO of Anacostia Organics, was already a successful businesswoman and a veteran political strategist when she decided to enter the medical marijuana industry in Washington DC with two friends, Sherri Blount and Yola…
Cannabis company Acreage repays 60% interest loan
How much is a New Jersey medical marijuana license worth, with the potential of leveraging that into an adult-use permit in the near future? For New York-based marijuana multistate operator Acreage Holdings, it was worth paying $3 million in interest f…
Schwazze scraps deal to purchase Colorado marijuana edibles maker
Schwazze added to its growing list of scuttled deals by terminating its planned acquisition of a fellow Denver-based cannabis company, infused edibles manufacturer Canyon. According to the company’s 8-K filing on Oct. 9, the term sheet that detai…