New York lawmakers, governor agree on recreational cannabis legalization bill
New York is poised to legalize a nearly $2.5 billion-a-year recreational cannabis market after legislative leaders on Wednesday agreed on the program’s […]
Category: New York Medical Cannabis Business & Marijuana Legal News
Marijuana real estate merger creates firm worth $435 million in assets, cash
Chicago-based NewLake Capital Partners and GreenAcreage Real Estate, a real estate investment trust (REIT) in New York have announced the closing of […]
Ascend acquires most of MedMen’s NY cannabis operation for $63 million
Massachusetts-based Ascend Wellness Holdings is acquiring an 86.7% interest in financially strapped MedMen Enterprise’s cannabis operation in New York for $63 million, […]
Lawsuit casts spotlight on New York’s initial medical cannabis licensing, questions scoring
A new lawsuit sheds light on New York’s licensing of 10 medical cannabis operators in 2015 and 2016, raising questions about how […]
Five state medical marijuana markets that could get a boost through reforms in 2021
A handful of states could pass significant medical marijuana reforms this year, providing for additional licensing opportunities and potentially hundreds of millions […]
NCIA: High recreational marijuana taxes in New York could hurt legal market
A marijuana industry official cautioned New York officials that recreational marijuana taxes need to be low enough to curtail illicit sales. New […]
Edibles outperform cannabis industry growth in 2020 on COVID-spurred sales surge
Cannabis edibles sales grew at a rate exceeding the overall growth of the marijuana industry in 2020, prompting manufacturers to invest in […]
New York governor presses again for legalizing recreational cannabis
New York Gov. Andrew Cuomo said Wednesday he will push for the state to legalize a commercial recreational cannabis program that provides […]
DEA might start issuing cannabis cultivation permits in early 2021
After years of delay, the U.S. Drug Enforcement Administration could soon begin issuing licenses to businesses and institutions to cultivate cannabis for […]
Marijuana MSO MedMen fights to turn around finances, but challenges linger
Financially strapped MedMen Enterprises is showing modest improvement, raising the possibility that the California-based multistate marijuana operator has hit bottom and is […]