Cannabis multi-state operators (MSOs) reported stronger-than-expected earnings for the quarter ending in September boosted by the launch of Maryland’s recreational market on July 1 and amid increased optimism around the rescheduling of marijuana as a lower-risk drug in the United States. “This quarter, we had more operators, not just showing stronger results but stronger … [Read more...] about Cannabis MSOs largely outperformed quarterly expectations: analyst
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It’s official: New York will open adult-use marijuana retail to multistate operators
New York regulators voted Tuesday to allow the state’s medical marijuana operators to apply for adult-use retail licenses. That means the multistate operators who years ago snapped up a majority of the state’s 10 “registered organization” permits will enter what observers say could be the largest market on the East Coast. Under the resolutions the Office of Cannabis Management … [Read more...] about It’s official: New York will open adult-use marijuana retail to multistate operators
Former CEO, Canadian prime minister exit board of marijuana MSO Acreage
Former CEO Kevin Murphy and ex-Canadian Prime Minister Brian Mulroney have resigned from the board of directors of New York-based marijuana multistate operator Acreage Holdings. In an Aug. 4 filing with the U.S. Securities and Exchange Commission, the company said neither resignation was the result of a disagreement with Acreage “on any matter relating to the company’s … [Read more...] about Former CEO, Canadian prime minister exit board of marijuana MSO Acreage
Marijuana MSO Ayr Wellness to defer paying $69 million in debt obligations
Multistate marijuana company Ayr Wellness has reached agreements to defer by two years principal or amortization payments on debt obligations worth roughly $69 million. To achieve those deferrals, Ayr is amending agreements regarding vendor notes and promissory notes related to a series of acquisitions. Including previously announced amendments to “vendor notes, … [Read more...] about Marijuana MSO Ayr Wellness to defer paying $69 million in debt obligations
Acreage must pay $60,000, Ascend $80,000, Curaleaf $50,000, GTI $80,000 and Verano must pay $90,000. 5 New Jersey marijuana dispensaries fined for not prioritizing sales to medicinal patents
By: News 12 Staff on www.newjersey.news12.com Five marijuana dispensaries in New Jersey are facing fines for selling recreational cannabis outside of the allotted time. Adult-use recreational marijuana sales went into effect on April 21. During the first four weeks, New Jersey saw sales of over $24 million with over 200,000 transactions. But when the legislation went into … [Read more...] about Acreage must pay $60,000, Ascend $80,000, Curaleaf $50,000, GTI $80,000 and Verano must pay $90,000. 5 New Jersey marijuana dispensaries fined for not prioritizing sales to medicinal patents
Why can’t they get the labels right? Lawsuit seeks $200 payout for everyone who bought marijuana drops mislabeled as CBD
A federal lawsuit filed Monday seeks class-action status and $200 apiece for hundreds of consumers who bought CBD wellness drops in Oregon last year that inadvertently contained high doses of a psychoactive ingredient. CBD is made from hemp and usually doesn’t include THC, the substance in marijuana that produces a high. Last year, though, marijuana manufacturer Curaleaf … [Read more...] about Why can’t they get the labels right? Lawsuit seeks $200 payout for everyone who bought marijuana drops mislabeled as CBD
Essex PZC Researching Cannabis Dispensary Regulations. I wondering if zoning will give resistance?
The Essex Planning & Zoning Commission (PZC) is currently deliberating on the local regulations that will govern the potential opening of cannabis dispensaries in town. The PZC began conversations on regulations when the state began discussing the eventual legalization of marijuana in Connecticut last year, according to Carey Duques, land use official for the PZC. The first … [Read more...] about Essex PZC Researching Cannabis Dispensary Regulations. I wondering if zoning will give resistance?
Another MSO. The Mom and Pop will never happen. Connecticut venture capital fund reaches into growing cannabis market with $1.25 million investment in edibles business
Connecticut’s venture capital fund is among the first institutional investors to jump into the growing cannabis business, committing $1.25 million to a manufacturer of edibles intended to enhance energy, focus and mental health. Connecticut Innovations, which has more than 200 portfolio companies and $300 million in assets under management, invested in 1906 New Highs, which … [Read more...] about Another MSO. The Mom and Pop will never happen. Connecticut venture capital fund reaches into growing cannabis market with $1.25 million investment in edibles business
