The Ohio Supreme Court told state regulators that they can’t just ignore applications to expand medical marijuana cultivation facilities. In an eight-page decision, Ohio’s highest court ordered regulators to either approve or deny Fire Rock’s app…
Ohio Medical Cannabis Business & Marijuana Legal News
Mainstream businesses are bracing for minimum-wage hike, but many cannabis firms already pay more
Half the states across the country have increased – or will raise – the minimum wage paid to hourly workers this year, but many cannabis businesses, including retailers, are unlikely to feel much of an impact. That’s because most say they a…
Ayr borrows $75 million to fund marijuana acquisitions, finish facilities
Multistate marijuana operator Ayr Strategies announced a $75 million secured loan intended to fund acquisitions and complete facilities in Arizona, Ohio and Pennsylvania. Ayr, which is based in New York with offices in Toronto, said Friday that the sen…
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…
Group inks $182.8M of cannabis deals in bid to become publicly traded REIT
A New York-based limited partnership said it has entered binding agreements to acquire 15 marijuana-related properties in nine states for $182.8 million with the intention of becoming a leader in the cannabis real estate investment trust (REIT) sector….
Green Thumb’s sale-leaseback cannabis deal in Ohio valued at $32.2M
Marijuana multistate operator Green Thumb Industries announced an amended sale-leaseback deal valued at up to $32.2 million for a facility in Ohio, reflecting a further loosening of capital – especially for expansion in fast-growing markets. The …
Ayr Strategies moves into Ohio medical cannabis market, boosts PA presence
Ayr Strategies announced deals worth $39 million that will allow the multistate marijuana operator to enter a new market, Ohio, and expand its presence in Pennsylvania. The company’s two transactions in Ohio are worth a total of $18.2 million and…
Ohio lawsuit: Regulators ‘punting’ on medical marijuana program expansion
An Ohio medical marijuana grower filed a lawsuit against state regulators alleging that government overseers have been hamstringing the MMJ program’s growth, despite clear demand for more business services. According to Law360com, Fire Rock sued …