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Marijuana foes seek to impose THC potency caps to curb industry’s growth

Marijuana opponents, frustrated by the growing number of legalization victories across the U.S., are increasingly trying to rein in the industry by proposing state-level caps on THC potency. The push involves at least six bills introduced in four state…

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MedMen raises CA$20 million to bankroll marijuana expansion in Florida

Financially strapped MedMen Enterprises said it raised 20 million Canadian dollars ($16 million) at CA40 cents a unit to fund growth plans in Florida’s medical marijuana market. The California-based multistate operator said that under the private…

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Cannabis MSO Cresco expands in Massachusetts via $90M acquisition

Chicago-based cannabis multistate operator Cresco Labs is spending $90 million to acquire all the outstanding equity interests of vertically integrated Massachusetts operator Cultivate. According to a news release, Cresco is paying $15 million in cash …

How ‘essential’ transformed the US marijuana industry amid the COVID-19 pandemic

During the tumultuous weeks and months of the past year, a nine-letter word emerged as a game changer for the nation’s legal marijuana industry: “essential.” It began about a week after the World Health Organization on March 11 declar…

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Curaleaf enters European cannabis market with $286 million acquisition of Emmac Life Sciences

Curaleaf Holdings said Tuesday it signed a $286 million definitive agreement to acquire London-based medical marijuana company Emmac Life Sciences, giving the Massachusetts-based multistate operator a major foothold in the European cannabis market and …

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MariMed secures $46 million in funding to expand marijuana footprint

Multistate marijuana operator MariMed said it has raised $46 million to support acquisitions and repay most of its long-term debt. Hadron Healthcare Fund is providing the capital, including an initial $23 million on March 2, in exchange for MariMed sto…

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Cannabis-infused beverage sales up 40%, helped by consumers seeking convenient products

Sales of cannabis-infused beverages are up 40% from a year ago as companies bank on new consumers to the marijuana market finding THC and CBD drinks familiar and convenient.
Cannabis-infused beverage sales up 40%, helped by consumers seeking convenient…

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Ascend acquires most of MedMen’s NY cannabis operation for $63 million

Massachusetts-based Ascend Wellness Holdings is acquiring an 86.7% interest in financially strapped MedMen Enterprise’s cannabis operation in New York for $63 million, according to a definitive agreement announced Friday. Multistate operator Ascend Wel…

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Massachusetts extends medical cannabis telehealth sign-ups

Massachusetts health-care providers may continue registering new medical cannabis patients via telehealth appointments instead of in-person visits, state regulators announced, citing the risk of exposure to the COVID-19 virus. The state initially allow…

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Sales of cannabis pre-rolls up nearly 50% in 2020 despite pandemic

Marijuana pre-rolls are the second-fastest growing product category year-over-year despite conventional wisdom that the often-shared product would suffer during a global pandemic caused by a respiratory-related virus.
Sales of cannabis pre-rolls up nea…