Pennsylvania-based Intrinsic Capital Partners said it raised $102 million in a fund that will invest in science and technology businesses focused on the legal marijuana and hemp industries. “We believe this is . . . a rare opportunity to invest in a sp…
Pennsylvania Medical Cannabis Business & Marijuana Legal News
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….
Week in Review: Wildfire smoke impact, cannabis market transitions, curbing illicit sales & more
Smoke and ash from the record wildfires in the western U.S. are slowing the growth of outdoor marijuana plants and forcing cultivators to rethink when to harvest their crop. MJBizDaily takeaway: Growers in California, Oregon and Washington state are st…
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…
Adult-use marijuana legalization in New Jersey expected to ignite domino effect
Billions of dollars in business opportunities are riding on whether New Jersey residents legalize a recreational cannabis market in November. A recreational marijuana industry in New Jersey itself – with a population of nearly 9 million people &#…