Grown In Nuggets
NewEra, Dispensary 33; MIMCA; Holistic, Alternative RX; PharmaCann
|
News and notes from the cannabis industry, curated and crafted for high-minded professionals in the Midwest and beyond.
Michigan
Michigan cannabis license streamlining stalled for now, each advocate has their own remedy
|
MRA will not press for the Michigan Legislature to take up a bill to streamline state cannabis licenses in December’s lame duck session.
Michigan
Ann Arbor-based MSO C3 Industries raises $45 million to fund Missouri and Massachusetts expansion
|
Ann Arbor-based C3 Industries announced this week that it has raised $45 million from a network of individual and boutique investors.
Michigan
Michigan regulators drafting legislation to merge medical and adult-use licenses
|
Draft legislation that would make significant changes to Michigan cannabis law is under review by that state’s Marijuana Regulatory Agency.
Illinois
Dispensary licenses grinding through Illinois court, likely held up until at least Spring 2021
|
One of the state’s main cannabis cases looks like it won’t find a resolution until next spring, at the earliest.
National
State cannabis regulators create association
|
Nineteen states announced the formation of the Cannabis Regulators Association last week.
Illinois
Illinois judge tosses out request to freeze out applicants; state’s muddled dispensary license process forges on
|
Three Illinois cannabis dispensary license applicants were stymied in their attempt to halt rescoring other license applications and head right to the license lottery round.
Grown In Nuggets
Curaleaf’s Select Elite Live torches through the Midwest, CBD and Generation Z, Will New York be the next state to go rec?
|
News and notes from the cannabis industry, curated and crafted for high-minded professionals in the Midwest and beyond.
Illinois
Chicago loves cannabis tax revenue but passively discourages new dispensaries
|
Dispensary owners say Chicago locations are out of the running because there’s not enough return for the bureaucratic headache.
Chart of The Week
Big MSOs still struggling to be – and stay – profitable
|
More publicly traded cannabis companies are breaking even – but far from all, as of second quarter results reported earlier this year.