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Retailers Reveal Shortage of Legal Marijuana in B.C. Is Promoting Illicit Trade

Retailers Reveal Shortage of Legal Marijuana in B.C. Is Promoting Illicit Trade

by InfluencER | Dec 28, 2020 | Sales and Operations

According to the British Columbia provincial government, the municipalities of Hope, Whistler, Abbotsford, West Vancouver, Richmond, Surrey, Delta, Pitt Meadows, Coquitlam, and Burnaby, as well as the city of Langley, still do not provide local access to cannabis,...
SPACs pump hundreds of millions of dollars into US cannabis industry through acquisitions

SPACs pump hundreds of millions of dollars into US cannabis industry through acquisitions

by InfluencER | Dec 23, 2020 | Sales and Operations

Two cannabis special purpose acquisition companies (SPACs), Silver Spike Acquisition Corp. and Subversive Capital Acquisition Corp., recently announced deals worth more than $2 billion, while two other SPACs have an additional $280 million that must be deployed in the...
Maine’s largest cannabis company sues to open state’s medical marijuana market to outsiders

Maine’s largest cannabis company sues to open state’s medical marijuana market to outsiders

by InfluencER | Dec 23, 2020 | Sales and Operations

The state’s largest cannabis company has requested the court strike down the residency requirement in Maine’s medical marijuana law, making the same constitutional argument it used to successfully open the state’s recreational market to out-of-state investors earlier...
Nearly 60 Los Angeles cannabis businesses poised to lose licenses on New Year’s Day

Nearly 60 Los Angeles cannabis businesses poised to lose licenses on New Year’s Day

by InfluencER | Dec 22, 2020 | Sales and Operations

At least 57 licensed cannabis companies in Los Angeles are poised to lose business permits by the end of the year with no obvious way to get the licenses reinstated. The licensees in question – which appear to be a mixture of retailers, distributors, and perhaps other...
Schwazze Acquires Six Star Buds Dispensaries in Colorado

Schwazze Acquires Six Star Buds Dispensaries in Colorado

by InfluencER | Dec 22, 2020 | Sales and Operations

Schwazze, formerly operating as Medicine Man Technologies Inc (“Schwazze ”), announced it has closed on the asset purchase of the first six of 13 Star Buds Colorado retail locations. The total consideration was approximately $37.1 million, consisting of $13.9 million...
Marijuana MSO MedMen fights to turn around finances, but challenges linger

Marijuana MSO MedMen fights to turn around finances, but challenges linger

by InfluencER | Dec 21, 2020 | Sales and Operations

Financially strapped MedMen Enterprises is showing modest improvement, raising the possibility that the California-based multistate marijuana operator has hit bottom and is beginning to benefit from its restructuring and turnaround plan. But huge challenges remain,...
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