Multistate marijuana operator MariMed said it has raised $46 million to support acquisitions and repay most of its long-term debt. Hadron Healthcare Fund is providing the capital, including an initial $23 million on March 2, in exchange for MariMed stock and warrants....
Cannabis multistate operator Verano Holdings announced agreements to acquire a total of nine operating retail outlets or licenses in Arizona, Illinois and Pennsylvania for nearly $100 million in cash and tens of millions of dollars more in stock. The transactions are...
Adam Bierman at a MedMen retail store in California in 2017. (Photo by Tom Kelsey) They’re back! Less than a year after being ousted from leadership posts at California-based MedMen Enterprises, former CEO Adam Bierman and ex-President Andrew Modlin have found a route...
Washington state’s marijuana regulatory agency has a new executive. David Postman was appointed chair of the state’s Liquor and Cannabis Board (LCB) by Gov. Jay Inslee. Postman, who served as Inslee’s chief of staff from December 2015 until Nov. 15, 2020, starts his...
The New Jersey chapter of the NAACP is charging that the state’s Cannabis Regulatory Commission is technically illegal since none of its five appointed members are Black men. The commission, which was completed Feb. 25, is made up of one Black woman, one white man,...
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