Capitalizing on marijuana markets with limited rivals
Cannabis cultivation companies with a foothold in “constrained” markets – those with relatively few licenses such as Massachusetts – have a natural advantage, thanks to limited competition and marijuana supplies.
Massachusetts-based Tilt Holdings is one such company. Tilt has...
GB Sciences sells Louisiana medical marijuana company for $32 million
Nevada-based GB Sciences, and one of two licensed marijuana businesses in Louisiana, sold its 50% ownership stake in GB Sciences Louisiana.
The stake will be purchased by Wellcana Plus, a Lafayette, Louisiana-based company which holds the other 50% of...
Cresco Labs acquires marijuana company Tryke for $282.5 million
Chicago-based Cresco Labs said it is buying Tryke, a vertically integrated private cannabis company active in Nevada and Arizona, for $282.5 million.
Here are the basics around the announcement:
The $282.5 million price tag is made up of $55 million...
Teva Israeli subsidiary signs cannabis distribution deal
Published 10 mins ago
A subsidiary...
Denver police warn marijuana businesses of ‘uptick in burglaries’
Published 6 mins ago
The Denver...
Medical cannabis sales stall in Canada after adult-use legalization; affordability, access also considered factors
Monthly sales of medical cannabis in Canada dropped almost 25% in June from October 2018 – when adult use was legalized – according to the latest...
Illinois providing safety training to adult-use cannabis sellers
Illinois officials authorized 26 businesses to provide health and safety training to recreational marijuana retailers, including existing medical cannabis operators, in advance of the adult-use program launch on Jan. 1.
The Department of Financial and Professional Regulation announced the...
Sales dip for adult-use cannabis vape products on health scare news
Recreational marijuana vape product sales are suffering in the wake of a nationwide health scare that caused several deaths and hundreds of illnesses, with consumers shifting their...
DEA wants to expand cannabis grown for research by 31%
The U.S. Drug Enforcement Administration (DEA) is proposing an increase in the amount of marijuana that would be grown for research by almost a third over 2019’s level and nearly triple that of 2018.
The DEA wants to boost...
Florida’s medical cannabis industry only has one truly dominant player
Florida’s medical marijuana market is often described by industry watchers as an oligopoly – dominated by a few vertically integrated operators.
But it isn’t.
The reality is that the roughly half-billion-dollar market is dominated by one player – Florida-based Trulieve,...