New York-based Greenrose Acquisition Corp., a special purpose acquisition company, entered into definitive agreements to acquire four marijuana businesses in a deal initially valued at $210 million. The companies to be acquired are Futureworks (doing business as The...
Maine’s biggest city, Portland, could soon be awash in recreational cannabis retailers after a slow implementation process. SeaWeed Co. opened March 12, Grass Roots Marijuana Shop is expected to open Tuesday March 16 and another 31 applicants are awaiting licensing...
During the tumultuous weeks and months of the past year, a nine-letter word emerged as a game changer for the nation’s legal marijuana industry: “essential.” It began about a week after the World Health Organization on March 11 declared the COVID-19 outbreak a global...
The Ohio Supreme Court told state regulators they can’t just ignore applications to expand medical marijuana cultivation facilities. In an eight-page decision, Ohio’s highest court ordered regulators to either approve or deny Fire Rock’s application in February 2020...
Michigan is allocating $20 million of its recreational marijuana tax revenue this year toward cannabis-related medical research. The move to fund research comes after some confusion about marijuana tax disbursements earlier this month, MLive.com reported. A March 4...
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