In The News

Harvest Health & Recreation to Acquire Verano, Creating One of the Largest U.S. Multi-State Cannabis Operators

One of the Largest U.S. cannabis consolidation in history will give Harvest the right to operate up to 200 facilities across 16 states and territories Brings together geographically complementary, market-leading MSOs focused on quality, sound operations and value creation for shareholders March 11, 2019 09:28 AM Eastern Daylight Time PHOENIX & CHICAGO--(BUSINESS WIRE)--Harvest Health & […]

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New Jersey Politicians Agree on $42 Per Ounce Marijuana Tax

New Jersey cannabis supporters received good news this week: adult-use legalization passed another hurdle. Sen. Nicholas Scutari, author of Senate Bill 2703, said on Feb. 15 that legislative leaders and Gov. Phil Murphy agreed to impose a $42 per ounce tax rate on recreational marijuana. Senate President Steve Sweeney had wanted a 12% levy while Murphy supported a […]

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Cannabis Executives Reveal The Industry's 2019 Challenges And A Few Opportunities Too

Hemp’s been legalized and CBD products are trending. States are pulling in hundreds of millions in tax revenues from legal cannabis sales. At the same time, Federal restrictions still keep business operators in legal limbo and bans on medical cannabis research means US companies are lagging companies in countries like Israel where those studies are […]

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Verano Partners With D9 to Expand High-Capacity cGMP Cannabis Extraction Technology

Partnership Receives Investment from Greenfield Global CEO Verano establishes controlling interest in D9 Manufacturing D9 provides large scale, cGMP pharmaceutical/food manufacturing-approach for cannabis extraction systems Full pesticide removal at molecular level Phytocannabinoid separation Turnkey 400 lb./hr. extraction system capacity CHICAGO, IL and COACHELLA, CA – February 27, 2019 –Verano Holdings, (Verano™), a national, vertically integrated […]

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Multistate marijuana firm expands into Massachusetts with $30M-plus deal

Chicago-based, multistate marijuana operator Verano Holdings announced it is moving into another state through the acquisition of a Massachusetts marijuana business. Verano said in a news release it has acquired 100% of Four Daughters Compassionate Care of Sharon, subject to review by Massachusetts regulators. Verano would not disclose the exact purchase price but said the transaction is […]

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Illinois Begins Radical New Program to Swap Opioids for Pot

Opioid prescriptions can now be used for medical marijuana instead, in a bold move to prevent increased addiction to the deadly pharmaceuticals A new program allows patients who are eligible for opioid prescriptions to get medical marijuana instead. Sue Ogrocki/AP/REX/Shutterstock; Seth Perlman/AP/REX/Shutterstock In August, Illinois Governor Bruce Rauner signed the Alternative to Opioids Bill, making […]

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Cannabis Industry Leaders Anticipate More Legalization and More Competition in 2019

With medical or recreational marijuana now available to more than half of the U.S. population and more states’ leaders talking about legalization, 2019 is set to be a very big year for the cannabis industry. Growth is expected to continue at a rapid pace, big brands are eyeing the industry’s revenue potential, and acquisitions are […]

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Cannabis Industry Leaders Give Insight Into 2019

The Green Market Report asked some cannabis industry leaders what they think 2019 will bring for their companies and for the landscape in general. Sam Dorf, Chief Strategy Officer, Verano Holdings It will be another year of tremendous growth and opportunity for the cannabis industry with the following: We will see a tidal wave of states following the lead of […]

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The 2018 Cannabis Top 10: Illinoisans impacting policy, business, advocacy

By Tom Schuba Cannabis is becoming big business in Illinois, with some local pot companies emerging as national leaders after inking record-setting deals and starting to trade publicly in Canada, where marijuana was recently legalized. Meanwhile, Democratic lawmakers are moving again to legalize recreational cannabis statewide — this time with the support of pro-pot Gov.-elect J.B. […]

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10 Cannabis Executives Predict How AG Jeff Sessions' Retirement Will Affect the Marijuana Industry

The future of the marijuana industry could change with anti-cannabis Jeff Sessions out as Attorney General When Attorney General Jeff Sessions tendered his resignation on November 7th, the cannabis industry took notice. As one of the most vocal marijuana opponents in the highest level of U.S. government, his resignation could pave the way for federal […]

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