Grown In (https://grownin.com/author/brad/)
Due to residency requirements that prohibit selling majority ownership stakes to out of state investors, a large number of cultivation license owners are pitching a finite pool of prospective local financiers who are comfortable putting money into startups growing weed.
News and nuggets for cannabis industry practitioners in the Midwest and beyond.
Chicago-based Cresco Labs announced Friday that it had raised $125 million from seven institutional investors off a valuation of nearly $3 billion.
Jay-Z’ new cannabis investment group says existing MSO’s aren’t doing enough to improve equity.
Incumbent medical marijuana dispensaries in Illinois that have not opened state-awarded second recreational locations have until March 31 to use them or lose them.
Maybe Chicago has a shot at reigning over a booming national bud business.
News and nuggets for cannabis industry practitioners in the Midwest and beyond.
Assuming the federal government will continue to legitimize the industry this year, the Midwest will be at the center of the pot party.
News and nuggets for cannabis industry practitioners in the Midwest and beyond.
A source with knowledge of the transaction confirmed for Grown In that the value assigned to the cannabis retail assets is between $25 million and $30 million.