Author: Tom Hymes

[ad_1] It has been six months since Missouri made the same transition many other states have undertaken to integrate adult-use cannabis sales into an existing medical cannabis marketplace, and from all accounts, the state is still in a honeymoon phase recording healthy sales of about $3 million of cannabis a day, over $121 million in June alone, and over $500 million in sales since the state went recreational. “If Missouri continues at the current pace, over $1 billion will be sold in the year 2023 alone,” reported KMBC News. In fact, the state hit $1 billion in total cannabis sales…

[ad_1] According to MariMed CEO Jon Levine, the 250th anniversary of the original Boston Tea Party presented the perfect opportunity for the company to shine a bright light of publicity on 280E, an IRS code that disallows licensed cannabis companies from deducting normal business expenses. In an attempt to raise public awareness of this onerous tax that has punished the industry since its inception, the company on Wednesday took a literal page out of the original partyers play book. “Channeling the Boston Tea Party’s rebellious spirit while dressed in traditional colonial garb,” said the company in a press release, “MariMed…

[ad_1] Co-founded in 2018 by data veterans Larry Levy and Paul Botto, who also serve as its CEO and President, respectively, Lucid Green introduced a touchless inventory management solution for the cannabis industry via its LucidID QR code – The Intelligent UPC of Cannabis – which offers a spectrum of ways for all participants in the cannabis supply chain to increase efficiencies, save money, and drive revenue. But Lucid also offers benefits to consumers and regulators, and as Botto explained in a recent call with Cannabis Business Executive, the sheer breadth of potential that LucidID represents has been an advantage…

[ad_1] In a press release issued mid-June, leading cannabis market research and analytics provider BDSA announced an ambitious strategic alliance with Management Sciences Associates, Inc. (MSA), a provider of analytics and data-driven solutions for Fortune 500 companies, that it says will “revolutionize cannabis market insights.” MSA, which celebrates its 60th anniversary as a business this year, was founded in Pittsburgh by Dr. Alfred A. Kuehn, Ph.D., a former faculty member at Carnegie Mellon University’s Tepper School of Business who developed an academic interest in bringing a quantitative approach to decision-making and problem-solving. “Kuehn was a professor using leading-edge analytics, including…

[ad_1] Elliot Lewis is the co-founder and CEO of Long-Beach, California-based retailer Catalyst Cannabis Company, and a prolific poster of social media videos in which he colorfully relates the many outrages allegedly perpetuated upon Catalyst by local and state politicians and bureaucrats he says are intent upon its destruction, and also by colossal cultivator Glass House Brands, which Lewis recently sued claiming wide-scale diversion of product to the illicit market on the part of Glass House and others utilizing “burner distribution” methods, to the detriment of Catalyst and the entire California cannabis market. Glass House responded with a counter-suit accusing…

[ad_1] With mere days remaining before Maryland ushers in adult-use cannabis sales, leading MSO Curaleaf says it is ready for opening day and looking forward to a successful kick-off. “We are very excited to start adult-use sales in Maryland,” said CEO Matt Darin about the festivities they have planned. “New customers will be welcomed with on-site celebrations at each of our four locations on July 1st. This will include food, swag giveaways, and games.” Limited to four locations by the state, Curaleaf has dispensaries in Columbia, Reisterstown, Gaithersburg, and Frederick, each of which will now serve both medical and recreational…

[ad_1] A major player in cannabis commercial real estate lending, Newport Beach, California-based Pelorus Capital Group was founded in 2010 by high school buddies turned business partners Dan Leimel and Rob Sechrist, who today serve as CEO and President of the company, respectively. Originally formed to provide specialized financing alternatives to value-add real estate, Pelorus entered the specialty finance cannabis real estate lending market in 2016 following the success of the friends’ local congressman in getting a historic piece of cannabis legislation passed into law. “Dana Rohrabacher is responsible for the most consequential cannabis legislation to ever pass to this…

[ad_1] A lawsuit filed Tuesday in Maryland federal court by LMS Wellness, Benefit LLC, owner of the Health for Life White Marsh dispensary in Baltimore County, accuses iAnthus Capital Holdings, Inc. (CSE: IAN) (OTCPK: ITHUF) of stealing over four million dollars from LMS in a pattern of theft dating back to 2019 and continuing to this day. In addition to the New York-based Canadian MSO, three other defendants are named, all subsidiaries of iAnthus, leading the plaintiff to include a RICO count in the complaint. They are Greenmart of Maryland, LLC, dba Health for Life Baltimore; Budding Rose, Inc., dba…

[ad_1] In what may be the culmination of a years-long brawl between former partners who apparently fell out after bringing Colorado-based Doctor’s Borders, now known as CULTA, to Maryland, Judge R. Brooke Jackson of the U.S. District Court for the District of Colorado on June 8 ordered co-defendants Mackie Barch and Trellis Holdings Maryland to sell CULTA equity in order to pay an outstanding judgment of $6.4 million that the court ordered the defendants to pay plaintiff David Bartch following a four-day trial held last year and presided over by Judge Jackson. The June 8 Order also required Barch and/or Trellis…

[ad_1] Two weeks from now, Maryland will begin adult-use sales of cannabis for the first time and as with other states that have integrated recreational sales into an existing medical cannabis market, there is a great deal of excitement among existing retailers and other operators in Maryland about the shot of adrenaline they expect to see in their businesses come July 1. One such company is Green Thumb Industries (GTI), a whose vertical integration in the state includes four dispensaries, which is the maximum currently allowed. Headquartered in Chicago, the publicly-traded MSO just opened its 80th cannabis dispensary overall in…

[ad_1] TerrAscend (CSE: TER) (OTCQX: TRSSF) is a Canadian public company with operations in Canada and five U.S. states: California, New Jersey, Maryland, Pennsylvania, and Michigan, where it has its greatest concentration of retail outlets. A vertical integrated company in each of its U.S. markets, TerrAscend operates 34 dispensaries, and just announced the acquisition of a second already existing store in Maryland, bringing its overall total to 35. Like many MSOs, TerrAscend has been reshaping and reassuring its footprint of late, and just announced the sale of its Mississauga, Canada facility for CAD$19.7 million, leaving the Toronto dispensary its remaining…