New York Opens Nursery License Applications November 5
New York opens its first adult-use cannabis nursery license applications November 5, creating a wholesale-only tier for seeds, clones and im...
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Business
Company news, mergers, and market analysis
Vireo Growth Acquires Florida Cultivation Facility for $21M
Vireo Growth purchased a Florida cultivation campus for $21 million from its landlord, consolidating supply chain control for its 108 dispen...
Square's CBD Ban Exposes Hemp Industry's Payroll Vulnerability
Square's deadline for hemp merchants to remove CBD products exposes a deeper crisis: when payroll providers exit, businesses face immediate ...
Curaleaf Uses Federal Illegality to Dodge $31.8M Contract Judgment
Curaleaf Holdings escaped a $31.8 million judgment by arguing cannabis contracts can't be enforced federally. The strategy raises concerns a...
Curaleaf Disputes Aurora's Rejection of Sweetened Takeover Offer
Curaleaf disputes Aurora Cannabis's rejection of its enhanced takeover bid, claiming a 217% premium when cash is excluded. Aurora's board de...
15 Indicted in Portland Cannabis Burglary Ring Targeting 17 Businesses
Fifteen people face indictment for allegedly running a nine-month burglary operation that hit 17 Portland cannabis businesses using stolen v...
Green Thumb Expands Florida Footprint with 26th Dispensary
Green Thumb Industries opened its 26th Florida dispensary in Belleview, expanding its Marion County presence near its Ocala cultivation faci...
Oregon Cannabis CEO Faces Federal Tax Fraud Charges
An Oregon cannabis MSO executive faces federal tax fraud charges, highlighting ongoing compliance challenges in an industry already burdened...
Five Traits Make Cannabis Companies Attractive to Buyers in 2024
M&A experts identify five key traits buyers seek in cannabis acquisition targets, from demonstrated profitability to clean compliance record...
Aurora Cannabis Rejects Curaleaf Bid Again, Opens Door to Rivals
Aurora Cannabis rejected Curaleaf's revised takeover bid, saying it undervalues the company. The Canadian LP's board signaled openness to ot...
Illinois Cannabis Sales Hit Record Monthly High Despite Revenue Decline
Illinois dispensaries sold record volumes of cannabis in December despite annual revenue falling double digits, as intense price competition...
Business
South Jersey Cultivator Brute's Roots Builds Vertical Operation
Brute's Roots is building a vertically integrated cannabis operation in South Jersey focused on hands-on cultivation and phenotype selection...