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New York lawmakers, governor agree on recreational cannabis legalization bill

New York is poised to legalize a nearly $2.5 billion-a-year recreational cannabis market after legislative leaders on Wednesday agreed on the program’s framework with Gov. Andrew Cuomo. Retail sales could begin as soon as a year after the legislation i…

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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…