Massachusetts looks to bolster aging medical market, as AU prices drop
Massachusetts’ Cannabis Control Commission’s work to overhaul the state’s medical cannabis regulations remain underway, as they await January’s start of […]
New York approves regulatory hurdles for MSOs and first set of adult use retailers
Multi-state operators will be able to move into New York’s emerging adult use market, but at a stiff premium, according
Regulators say a crack down on New York City’s gray market is imminent
While New York’s first adult use retail licenses are anticipated to come next Monday, state regulators say they are preparing to drop the hammer on New York City’s ever expanding quasi-legal cannabis market.
NYC’s gray market is exploding, and the legacy market is trying to polish its image
New York City’s fabled legacy market is alive and well, with a new professional polish in the form of quasi-legal gray market retail shops and consumption lounges.
A wave of debt restructurings threatens Massachusetts’ adult use market
Inflation, a lack of available capital, and a flood of new licenses in the Massachusetts adult use cannabis market are setting off a wave of struggling businesses seeking debt restructuring deals.
Sean Combs purchases Cresco’s extras, thinks there’s room for more celebrities in weed
With a purchase price of $185 million, the initial terms of Sean “Puffy” Combs buying 9 dispensaries and 3 cultivations sites include $110 million in cash, and assumption of $45 million in debt from Cresco Labs.
New York backs down on microbial limits as inaugural outdoor crop rolls in
New York’s Office of Cannabis Management relaxed testing standards this week after numerous cultivators reported that they would not be able to pass the test.
Applicants worry New York’s preliminary retail guidelines could cut off investment
Restrictions on market stakes could make it difficult for aspiring entrants to obtain out-of-state investment for their dispensary businesses.
New Jersey CRC approves first batch of annual licenses
The New Jersey CRC approved its first annual licenses and a massive batch of 296 applications for provisional licenses. The approvals include a mix of proposed cultivators, manufacturers, and retailers.
Exit interview: Maine’s former top regulator, Erik Gundersen
Gundersen took the helm of Maine’s cannabis regulation at a time when it was lagging behind Massachusetts – which also legalized adult use through a 2016 ballot question. Since then, Maine has emerged as a top weed producer in New England.
