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Adult-Use Cannabis Sales in Colorado Top $1.1 Billion Through August
Adult-Use Cannabis Sales in Colorado Top $1.1 Billion Through August

Adult-use dispensaries in Colorado sold more than $1.1 billion worth of cannabis products through the first eight months of the year but sales dipped slightly in August, recent data shows. According to the Department of Revenue’s Marijuana Enforcement Division (MED), recreational marijuana sales in The Centennial State eclipsed $176.5 million in August, down from $183 million in July.

Review: Rhythm CBD-Infused Seltzer
Review: Rhythm CBD-Infused Seltzer

Rhythm is a line of CBD-infused seltzers that feature broad spectrum CBD and other functional ingredients. The product is available in two flavors – Grapefruit Rosemary and Blackberry Lavender – both of which contain 15 mg of hemp-derived CBD and just 5 calories.

Innovative Industrial Properties Negotiates $25 Million Deal with Michigan's Holistic Industries
Innovative Industrial Properties Negotiates $25 Million Deal with Michigan's Holistic Industries

Innovative Industrial Properties (IIP) has inked yet another deal. IIP, a publicly traded real estate investment trust (REIT) focusing on the cannabis sector, announced Tuesday the acquisition of a cannabis facility in Michigan.

Columbia Care to Close The Green Solution Acquisition on September 1
Columbia Care to Close The Green Solution Acquisition on September 1

Columbia Care’s planned acquisition of Colorado’s The Green Solution (TGS) is set to close on September 1, 2020, the cannabis firm announced Wednesday. In a news release, the New York-based multistate operator said the deal — which includes 23 dispensaries and six production facilities — will make Columbia Care the largest cannabis company in Colorado.

US Cannabis Jobs Could Approach 300,000 in 2020
US Cannabis Jobs Could Approach 300,000 in 2020

The number of full-time equivalent (FTE) U.S. cannabis industry jobs could reach nearly 300,000, according to new figures from the 2020 Marijuana Business Factbook. Published by Marijuana Business Daily, a trade publication covering the cannabis industry, the Factbook includes information on industry trends as well as financial and operational data for cultivators, manufacturers and retailers.

House Votes to Protect State-Legal Cannabis Businesses
House Votes to Protect State-Legal Cannabis Businesses

The U.S. House of Representatives last week passed an appropriations amendment that protects state-legal cannabis businesses from federal interference. Introduced by Reps. Earl Blumenauer (D-OR), Barbara Lee (D-CA), Tom McClintock (R-CA), and Eleanor Holmes Norton (D-DC), the bipartisan amendment to H.R. 7617 — the Department of Defense Appropriations Act of 2021 — was approved in a 254-163 floor

Medically Correct Terminates Deal with Denver’s Schwazze
Medically Correct Terminates Deal with Denver’s Schwazze

Denver-based edibles and extracts company Medically Correct has terminated its acquisition agreement with fellow Colorado cannabis firm Schwazze. In a statement, Medically Correct president Bob Eschino said his company notified Schwazze, which is also based in Denver and was formerly known as Medicine Man Technologies Inc., of the decision to rescind an acquisition extension agreement on Monday.

Red White & Bloom Brands to Buy PharmaCo of Michigan
Red White & Bloom Brands to Buy PharmaCo of Michigan

Less than a week after inking a $35 million agreement to purchase California-based cannabis company Platinum Vape, Toronto’s Red White & Bloom Brands (RWB) announced Monday plans to acquire Michigan’s PharmaCo Inc. In a news release, RWB said it had exercised its right to acquire 100% of PharmaCo via the company’s wholly owned MichiCann Medical Inc. subsidiary.

Innovative Industrial Properties Strikes Deals with Columbia Care and Curaleaf in New Jersey
Innovative Industrial Properties Strikes Deals with Columbia Care and Curaleaf in New Jersey

Innovative Industrial Properties (IIP), a real estate investment trust (REIT) focusing on the cannabis sector, has inked a pair of deals for a combined 165,000 sq. ft. of property in New Jersey.

Vireo Health Names New CFO
Vireo Health Names New CFO

Vireo Health has named John Heller, the outgoing chief financial officer of fitness company Lift Brands, as its new CFO. Heller, who supplants Shaun Nugent as CFO of the multistate cannabis firm, will take over on July 6, 2020, according to an announcement. He's Vireo’s second CFO in the last seven months. 

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