Speculation flies over Parallel’s reported $150m Illinois cannabis acquisition
A report by Forbes Magazine that a cannabis company run by William “Beau” Wrigley Jr., is, in the hunt for Illinois cannabis properties has set off furious speculation.
Pot pills; A Michigan cannabis bootcamp; Kansas Kannabis?
News and nuggets for cannabis industry practitioners in the Midwest and beyond.
Clubhouse for Cannabis? Five things pot people should know about new audio chat app
The Clubhouse audio app is transforming the cannabis industry in real-time. Here are five reasons why.
Psilocybin startup visualized by NHL enforcer and Blackhawk champ raises $4 million
“If you want to start embarking on this road you need a big team.”
Gage raises $50m; “Second Mover” Choice; Verano Holdings raises $100m
Each month Grown In reports significant Midwestern cannabis fundraising transactions. Have a news tip on a private pot transaction? Email brad@grownin.com.
Cannabis cultivation capital constraints in Missouri no surprise to out of state investors
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.
BeLeaf gets vertical in Missouri; Fyllo acquires DataOwl; more marijuana money in the Midwest
News and nuggets for cannabis industry practitioners in the Midwest and beyond.
Cresco acquires Florida presence in stock deal and raises money in hot market
Chicago-based Cresco Labs announced Friday that it had raised $125 million from seven institutional investors off a valuation of nearly $3 billion.
California cannabis company backed by Jay-Z plans to invest $10 million in minority-owned startups
Jay-Z’ new cannabis investment group says existing MSO’s aren’t doing enough to improve equity.
Illinois medical dispensaries race to secure “plus one” recreational locations
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.
