The cannabis real estate firm said it will get tough on defaults and demand action in exchange for rent cuts.
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Category: Business
New Jersey adopts new cannabis testing standards
In addition to changes in batch sizes and allowable levels, the commission will require labs to also test levels of THCA, CBDA, CBG, CBGA and CBN on top of THC and CBD.
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South Dakota legislature blocks attempt to dismantle medical cannabis program
A Republican-led effort to substantially restrict the state’s voter-approved medical marijuana program failed in committee.
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Innovative Industrial Properties beats fourth-quarter revenue estimates
The REIT saw tenant defaults and property transitions impact its bottom line despite improved leasing rates.
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Tribal cannabis operators take the lead as Minnesota prepares for adult-use sales
Minnesota’s tribes are stepping in to jumpstart the state’s adult-use cannabis market while regulators work through licensing delays.
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New California cannabis venture from MedMen founders already bust
Bierman and Modlin opened at least three dispensaries in the San Francisco Bay Area under the brand name Megabud.
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Cannabis businesses call Grand Rapids social equity program ‘municipal extortion’ in new lawsuit
The cannabis companies claim they have had their licenses threatened, suspended, or denied and face fines from the city because of their noncompliance with social equity program requirements.
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French lawmakers push cannabis legalization plan despite opposition
A state-run agency would control the growing and selling of recreational marijuana, but the proposal faces a tough fight.
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Greenlane Holding’s offering causes stock selloff
Greenlane’s use of a sweetener to do the deal signaled weak investor interest.
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California’s active cannabis license count plummets
For the first time since the state legalized cannabis, canceled, expired, surrendered or are otherwise not in use licenses outnumber active licenses.
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