Facing massive budget woes and legalization in neighboring New Jersey, politicians in New York are set to take another crack at legalizing a recreational marijuana market that could generate more than $2 billion in sales – and this time, the odds…
New York Medical Cannabis Business & Marijuana Legal News
Edibles outperform cannabis industry growth in 2020 on COVID-spurred sales surge
Cannabis edibles sales grew at a rate exceeding the overall growth of the marijuana industry in 2020, prompting manufacturers to invest in research and development and new product lines for 2021.
Edibles outperform cannabis industry growth in 2020 on C…
Columbia Care to acquire San Diego marijuana retailer for $15 million
New York-based multistate marijuana operator Columbia Care announced Thursday it struck a deal to acquire Southern California cannabis dispensary The Healing Center San Diego for approximately $15 million.
Columbia Care to acquire San Diego marijuana r…
New York governor presses again for legalizing recreational cannabis
New York Gov. Andrew Cuomo said Wednesday he will push for the state to legalize a commercial recreational cannabis program that provides “equitable” licensing opportunities and “reflects national standards and emerging best practices.” Cuo…
DEA might start issuing cannabis cultivation permits in early 2021
After years of delay, the U.S. Drug Enforcement Administration could soon begin issuing licenses to businesses and institutions to cultivate cannabis for scientists researching the plant. “I expect them to start issuing licenses no later than the first…
TerrAscend borrows $120M to make payments on marijuana acquisition
U.S. and Canadian marijuana operator TerrAscend borrowed $120 million from a syndicate of lenders to help finance earn-out payments related to its acquisition of Ilera Healthcare in Pennsylvania. The financing, announced Dec. 18, is senior secured debt…
Marijuana MSO MedMen fights to turn around finances, but challenges linger
Financially strapped MedMen Enterprises is showing modest improvement, raising the possibility that the California-based multistate marijuana operator has hit bottom and is beginning to benefit from its restructuring and turnaround plan. But huge chall…
Growing markets lift multistate cannabis operator earnings as many MSOs turn the corner
Publicly traded multistate cannabis operators generally enjoyed robust third-quarter financial performances, bolstered by sizzling sales growth during the coronavirus pandemic and a focus on state markets that are growing.
Growing markets lift multista…
$6 billion question: Which states are likely to legalize recreational marijuana in 2021?
Recreational marijuana legalization victories at the ballot box in Arizona and New Jersey this month have set the table for adult-use legalization in a handful of nearby states in 2021 – with more than $6 billion in business opportunities possibly up f…
Marijuana regulators across US to share best practices, offer advice
Marijuana regulators from 19 states have established a nonpartisan organization to share best practices and industry knowledge. The Cannabis Regulators Association (CANNRA) also will assist federal, state and local authorities that have approved or are…