2020 Marijuana Business Factbook examines coronavirus impact, consumer trends
COVID-19 changed the way many businesses operate – and the cannabis industry is no exception, according to data available exclusively in the […]
Category: Marijuana Sales, Funding & Banking News
Cresco closes $29M sale-leaseback deal on MA marijuana facility
Cresco Labs, a multistate cannabis operator headquartered in Chicago, has entered into its fifth sale-leaseback deal with San Diego-based Innovative Industrial Properties […]
Initial closing of $61.5 Harvest-High Times cannabis retail deal completed
Multistate operator and vertically integrated marijuana company Harvest Health & Recreation finalized a deal to sell eight California retail stores to Los […]
Marijuana MSO Jushi buys Vireo grow facility in Pennsylvania for $37 million
Florida-based Jushi Holdings, a multistate marijuana and hemp company, agreed to purchase Vireo Health International’s grower-processor operations in Pennsylvania for $37 million. […]
Cannabis firm Acreage gets $15M loan at 60% interest rate
Marijuana multistate operator Acreage Holdings has secured a $15 million short-term loan with a whopping 60% yearly interest rate, the company said […]
COVID-19 impact on marijuana retail sales varies by state
While state cannabis markets have unique dynamics, sales generally have been strong during the COVID-19 pandemic, according to Nancy Whiteman, CEO of […]
Medical cannabis sales in West Virginia delayed another year
Medical marijuana companies in West Virginia, which has one of the slowest-launching programs in the cannabis industry, will have to wait at […]
Marijuana REIT seeks to raise $100 million in public offering
Innovative Industrial Properties (IIP), a real estate investment trust based in San Diego that specializes in sale-leaseback deals in the marijuana industry, plans […]
Week in Review: MA adult-use cannabis stores reopening, High Times deal unravels, Acreage ‘reset’ & more
Massachusetts recreational marijuana retail stores will be allowed to reopen May 25, but sales will be limited to curbside pickup and online or […]
Nevada marijuana sales up 20% in 2019, but COVID-19 slows progress
Nevada marijuana sales for 2019 reached $692 million, a 20% increase from fiscal year 2018, but lost sales stemming from the market disruption […]