Ascend Wellness completes $68 million raise, acquires Illinois marijuana shops
Ascend Wellness Holdings, a multistate operator based in New York, said Tuesday it closed a $68.2 million funding round and reached agreement […]
Category: Marijuana Dispensary & Cannabis Store News
Some cannabis shops looted in late May reopen after spending hundreds of thousands of dollars
More than two months after thieves broke into dozens of marijuana retailers nationwide during the George Floyd protests, a number of those […]
Scant minority ownership in Nevada’s cannabis industry, spurring calls for social equity reform
Minority ownership of cannabis businesses in Nevada is rare, and there are few signs that situation is likely to change anytime soon. […]
Chart: Adult-use cannabis sales remain steady even as unemployment bonus ends
Though the U.S. government’s temporary lifeline to tens of millions of unemployed workers expired, sales of recreational marijuana products have proved resilient. […]
Battling insurers in the aftermath of lootings: Q&A with California cannabis executive Keith Stephenson
Keith Stephenson’s 14-year-old Oakland cannabis shop, Purple Heart Patient Center, was one of scores that were ransacked the weekend of May 29 […]
Week in Review: Canopy CEO’s huge compensation, states’ strong cannabis sales, vaping’s popularity & more
The total compensation for the new CEO at Ontario, Canada-based Canopy Growth was an eye-popping $33.8 million (45 million Canadian dollars), according […]
Maine sets October date to commence recreational cannabis sales
In a long-awaited move, Maine regulators set an Oct. 9 date for recreational cannabis sales to begin, nearly four years after voters […]
Colorado’s $158M in June recreational cannabis sales sets mark amid COVID
Colorado adult-use marijuana sales in June hit a record $158.1 million as the coronavirus pandemic continued to fuel staggering sales growth. June […]
Oklahoma medical marijuana sales on pace to double 2019 numbers
Oklahoma medical cannabis sales are on track to double this year to roughly $800 million as the business-friendly program that launched in […]
Week in Review: Cannabis toll from lack of jobless stipends, rising Illinois MJ sales, Texas hemp firms sue state & more
It’s been a little more than a week since the $600-per-week federal jobless benefits expired, and the toll that lack of extra […]