OHIO: Green Growth Brands announced that it has entered into an agreement through which the Company will gain access to 108 prime shop locations in U.S. malls owned and operated by the Simon Property Group. Pursuant to the arrangement, GGB will further expand its chain of CBD-infused personal care product shops under the Seventh Sense Botanical Read the full article…
DISTRICT OF COLUMBIA: State and local excise tax collections on retail adult-use cannabis sales surpassed $1 billion in 2018 — a 57 percent increase over 2017 levels, according to data compiled by the Institute on Taxation and Economic Policy. Annual excise tax revenues on adult-use cannabis sales ($1.04 billion) rivaled those for all forms of alcohol $(1.16 billion), Read the full article…
CALIFORNIA: MedMen Enterprises and Chicago-based PharmaCann announce that they have entered into a definitive business combination agreement pursuant to which MedMen and PharmaCann will combine their respective businesses. Under the Business Combination Agreement, a newly formed holding company (“New MedMen”) will acquire (a) all of the securities of PharmaCann in exchange for subordinate voting shares of New Read the full article…
The luxury CBD oil and confectionary company’s products just got even easier to find, with hundreds of new distribution points in Kohanoff Affiliated gas stations across Southern California CALIFORNIA: Swissx Oil & Confectionery and Kohanoff Affiliated have launched a partnership to distribute Swissx CBD products in over 500 convenience stores and gas stations across the Southern California region. Swissx Read the full article…
OREGON: Have a Heart opened the doors of its first store in Oregon. The Salem location will bring 20 jobs to Willamette Valley, in addition to the company’s knowledgeable, friendly staff and vast menu of lab-tested and locally-sourced flower, pre-rolls, concentrate, edibles, and topical cannabis products. Have a Heart’s Chief Executive Officer Ryan Kunkel and Chief Operations Read the full article…
Eaze Wellness will take the guesswork out of CBD, ensuring consumers have access to education and curated CBD products CALIFORNIA: Eaze has announced a major expansion of its offerings with the launch of Eaze Wellness, a new online marketplace shipping hemp-derived CBD products to 41 states across the United States and the District of Columbia. Eaze Wellness launches Read the full article…
CALIFORNIA: MedMen Enterprises Inc. and Chicago-based PharmaCann have signed a binding letter of intent for MedMen to acquire PharmaCann in an all-stock transaction valued at $682 million. The resulting pro-forma company (including pending acquisitions by MedMen) will have a portfolio of cannabis licenses in 12 states that will permit the combined company to operate 79 cannabis Read the full article…
CALIFORNIA: MedMen Enterprises announced that it has signed a definitive agreement to acquire a licensed dispensary from Berkeley Patients Group in Emeryville, California. As a result of the transaction, MedMen will have one of only two adult-use licenses issued in the City of Emeryville, just outside San Francisco. The dispensary is located in a young professional hub Read the full article…
CALIFORNIA: MedMen Enterprises announced that it has signed a definitive agreement with WhiteStar Solutions to acquire control of Monarch, a Scottsdale, Arizona-based licensed medical cannabis license holder with dispensary, cultivation and processing operations through the acquisition of Omaha Management Services, LLC. In addition, MedMen will acquire from WhiteStar their exclusive co-manufacturing and licensing agreements with Kiva, Mirth Read the full article…
CALIFORNIA: MedMen will open its marquee location in the heart of Downtown Las Vegas. According to a company press release, MedMen will assume ownership and licensed operation of the New Amsterdam dispensary located at 823 3rd Street. The store will be remodeled and rebranded with MedMen’s signature design. A grand reopening is planned for mid-July. Internationally renowned as a major resort Read the full article…