Day: January 25, 2021

On:

Multistate marijuana operator Harvest Health & Recreation on Monday closed a sale-leaseback transaction, selling a cultivation and processing facility in Alachua, Florida, to Innovative Industrial Properties for $23.8 million. Harvest anticipates approximately $34.6 million in total proceeds from the deal, including $10.8 million in unspecified improvements to be completed byContinue Reading

On:

The French Agency for the Safety of Medicines and Health Products (ANSM) selected the companies that will supply France’s medical cannabis pilot program that’s intended to provide free products to patients enrolled in the trial. Cannabis companies from Australia, Canada, Israel and the United Kingdom – in partnership with FrenchContinue Reading

On:

A Massachusetts cannabis retail association is backing off its legal challenge to the state’s social equity-focused delivery licensing plan after a swift backlash from many of the group’s members. The Commonwealth Dispensary Association (CDA), which represents dozens of retailers, said it will drop its lawsuit against the state Cannabis ControlContinue Reading

On:

The Canadian cannabis industry should brace for more facility closures, bankruptcies and consolidation amid a worsening oversupply situation, Jefferies analyst Owen Bennett warned this week following a Marijuana Business Daily report drawing attention to the country’s ballooning inventory. In a note to investors, Bennett said the glut would not impactContinue Reading

On:

A consultation on cannabis legalization in France that launched on Jan. 13 has already gathered 200,354 responses, Marijuana Business Daily has learned. The consultation is not expected to prompt a near-term legislative change, but a positive outcome could ease concerns for some politicians over potential reform ahead of the 2022Continue Reading