Tennessee-based investment firm Big Plan Holdings (BPH) is joining forces with cannabis retailer and cultivator Silver Therapeutics to acquire $35 million worth of cannabis commercial real estate and operations in New England. The companies are initially focusing on targets in Maine, Massachusetts and Vermont, but plan to expand across the country, according to Vermont Business … [Read more...] about Big Plan Holdings to invest $35 million in New England marijuana
Massachusetts
This Massachusetts city has some of the priciest cannabis in the nation
BOSTON (WWLP) – Recreational cannabis became legal for adults to grow and possess in Massachusetts on December 15, 2016. Nearly two years later, the first two stores opened on November 20, 2018, in Northampton and Leicester. There are now nearly 150 marijuana retailers in Massachusetts that have sold a total of $883.31 million in products so far this year. Customers must be 21 … [Read more...] about This Massachusetts city has some of the priciest cannabis in the nation
Cannabis commission chair wants to relax regulations to help businesses ‘thrive’
FILE — Kevin Hart, front left, co-owner of Pure Oasis recreational marijuana shop, completes a sale of cannabis products moments after the store opened March 9, 2020, in Boston. Pure Oasis is Boston's first recreational marijuana shop, and the state's first black-owned one. Shannon O'Brien, the new chair of the Cannabis Control Commission, wants to prioritize social equity and … [Read more...] about Cannabis commission chair wants to relax regulations to help businesses ‘thrive’
Along with lettuce and tomatoes, you could soon buy pot at your local farmer’s market
DORCHESTER — Alongside your zucchini and summer squash, a new product could soon be on the menu at your local farmer’s market: Pot. People at the Ashmont Farmer’s Market in Dorchester think that’s a good idea. “So, having CBD or just THC products in general as a whole is much better if it’s much more open to the public,” said Evan O’Neal of Boston. The push is from cannabis … [Read more...] about Along with lettuce and tomatoes, you could soon buy pot at your local farmer’s market
NBC 10 I-Team: Illicit market still in business years after Massachusetts legalizes marijuana
Legalizing marijuana has been promoted as a way to stamp out the illicit market in states across the country while maximizing tax benefits for local economies, but an NBC 10 I-Team investigation found the illegal market, also known as the legacy market, is still very much alive. Records requests sent to police departments across the South Coast uncovered that while marijuana … [Read more...] about NBC 10 I-Team: Illicit market still in business years after Massachusetts legalizes marijuana
Executives Re-Enact Boston Tea Party To Protest Cannabis Tax Rule
Executives from a Massachusetts-based cannabis company dressed in colonial garb aboard a ship in Boston Harbor on Wednesday to protest an IRS rule that requires regulated marijuana companies to pay taxes that are significantly higher than businesses in other industries. The demonstration, which evoked the legendary Boston Tea Party at the same site 250 years ago, was … [Read more...] about Executives Re-Enact Boston Tea Party To Protest Cannabis Tax Rule
Absentee voting starts June 27 for Springfield marijuana tax ballot issue
Absentee voting starts June 27 for the Aug. 8 special municipal election, according to a press release from Greene County. The special election only has one issue on the ballot: Whether the city of Springfield should impose an additional 3% tax on the sale of recreational marijuana. Proceeds from that tax would go toward public safety, mental health services, housing, and … [Read more...] about Absentee voting starts June 27 for Springfield marijuana tax ballot issue
Cannabis Control Commission seeks to expand veterans’ access to medical marijuana
The Massachusetts state cannabis commission affirmed its support for making medical marijuana more affordable and accessible for the hundreds of thousands of veterans who live in Massachusetts. The five commissioners voted unanimously to pass a statement in favor of amending the medical marijuana use statute at a meeting last week. They called for expanding the definition of … [Read more...] about Cannabis Control Commission seeks to expand veterans’ access to medical marijuana
Massachusetts legal marijuana industry faces a reckoning
An ounce of marijuana flower sells for $171 in Massachusetts, according to the Cannabis Control Commission. Two years ago, the price was $400 per ounce. The legal marijuana industry in Massachusetts is showing signs of maturing. In five years since the first recreational cannabis dispensary in the state opened in Northampton in 2018, gross sales of non-medical marijuana in … [Read more...] about Massachusetts legal marijuana industry faces a reckoning
Trulieve cannabis notifies state of 90 layoffs; will close grow and processing facility in Holyoke and all three stores as it exits state
HOLYOKE — Trulieve will lay off 90 employees just in Holyoke, according to a notice the Florida-based marijuana company filed this week with the state Executive Office of Labor and Workforce Development. All told, Trulieve said Thursday it will lay off 128 employees in Massachusetts closing retail operations in Northampton — on King Street — in Worcester and in Framingham by … [Read more...] about Trulieve cannabis notifies state of 90 layoffs; will close grow and processing facility in Holyoke and all three stores as it exits state
