Ayr Wellness Announces Acquisitions in Illinois and Nevada
Ayr Wellness Announces Acquisitions in Illinois and Nevada

Multistate cannabis operator Ayr Wellness has entered into agreements to acquire two dispensaries in Illinois, as well as two cannabis companies in Nevada. Announced this week, the deals are valued at $30 million and $17 million, respectively.

Review: Levia Cannabis-Infused Seltzer
Review: Levia Cannabis-Infused Seltzer

Massachusetts-based Levia makes a line of cannabis-infused seltzers that contain 5 milligrams of THC and are available in three flavors — Raspberry Lime, Lemon Lime and Jam Berry. Packaged in 12 oz. slim cans, all three SKUs contain zero sugar and zero calories, and are positioned around different need states.

Schumer, Senate Democrats Unveil Long-Awaited Cannabis Legislation
Schumer, Senate Democrats Unveil Long-Awaited Cannabis Legislation

U.S. Senate Majority Leader Chuck Schumer (D-NY) finally unveiled his much anticipated plan to legalize cannabis at the federal level. Called the Cannabis Administration and Opportunity Act (CAOA), the proposal was co-authored by Sens. Ron Wyden (D-OR) and Cory Booker (D-NJ). A 163-page draft of the bill was released on Wednesday.

NewLake Capital Partners Strikes $20.5 Million Deal with Arizona Cannabis Company
NewLake Capital Partners Strikes $20.5 Million Deal with Arizona Cannabis Company

Cannabis real estate company New Lake Capital has struck a $20.5 million sale-leaseback agreement with Arizona-based multistate operator The Mint. Under the terms of the deal, NewLake has agreed to purchase land in Phoenix for $2.4 million and provide $18.1 million for the construction of a 130,757 sq. ft. cultivation and processing facility.

Trulieve Cannabis to Buy Harvest Health in $2.1 Billion Deal
Trulieve Cannabis to Buy Harvest Health in $2.1 Billion Deal

Florida’s Trulieve Cannabis has agreed to purchase Arizona-based Harvest Health & Recreation in an all-stock transaction worth approximately $2.1 billion. Under the terms of the deal, which Trulieve has called the largest in the U.S., Harvest shareholders will receive 0.1170 of a subordinate voting share of Trulieve for each Harvest subordinate voting share.

Acreage Holdings Forms Joint Venture with Medterra
Acreage Holdings Forms Joint Venture with Medterra

New York-based cannabis firm Acreage Holdings is teaming up with Medterra, one of the largest CBD companies in the U.S., to develop a line of full-spectrum CBD products.

Green Thumb Raises $217 Million, Announces Plan to Acquire Virginia's Dharma Pharma
Green Thumb Raises $217 Million, Announces Plan to Acquire Virginia's Dharma Pharma

Fresh off securing $217 million in debt financing, Chicago-based Green Thumb Industries announced Monday plans to enter the Virginia cannabis market via the acquisition of Dharma Pharmaceuticals. Specific financial details were not disclosed, however the deal is expected to close in the second half of 2021.

TerrAscend to Acquire Pennsylvania Dispensary Chain for $63 Million
TerrAscend to Acquire Pennsylvania Dispensary Chain for $63 Million

North American cannabis firm TerrAscend will double its dispensary footprint in Pennsylvania via the acquisition of KCR Holdings. The $63 million cash-and-stock transaction includes $36 million in stock, $20.25 million in cash and a $6.75 million note. It is expected to close in the second quarter of 2021.

Watch: Virginia Gov. Ralph Northam Ceremonially Signs Cannabis Legislation
Watch: Virginia Gov. Ralph Northam Ceremonially Signs Cannabis Legislation

On Wednesday, Democratic Governor Ralph Northam ceremonially signed legislation that legalizes adult-use cannabis in Virginia. The event came two weeks after the Virginia General Assembly passed a revised bill that included several amendments, including one making cannabis possession legal on July 1, 2021 instead of January 1, 2024.

Canopy Growth Inks Distribution Agreement for CBD Drinks with Southern Glazer's Wine & Spirits
Canopy Growth Inks Distribution Agreement for CBD Drinks with Southern Glazer's Wine & Spirits

One month after launching its CBD-infused beverage line Quatreau in the U.S., Canadian cannabis firm Canopy Growth Corporation announced that alcohol wholesaler Southern Glazer’s Wine & Spirits (SGWS) would distribute its CBD drinks throughout the U.S.

YouGov Study: 25% of Americans Consumed Cannabis During Pandemic
YouGov Study: 25% of Americans Consumed Cannabis During Pandemic

A new study conducted by market research firm YouGov found that one in four Americans over the age of 21 used cannabis over the last 12 months. Commissioned by Illinois-based cannabis company Cresco Labs, the study asked 5,000 Americans about their cannabis use and purchasing behaviors. 25% of respondents said they had tried cannabis in the past year.

Jushi Holdings to Acquire Ohio Cannabis Cultivator
Jushi Holdings to Acquire Ohio Cannabis Cultivator

One day after announcing plans to spend at least $100 million to acquire Nature’s Remedy in Massachusetts, Florida-based Jushi Holdings said it had signed a definitive agreement to purchase one of 34 licensed cannabis cultivators in Ohio. In a news release, Jushi said it would buy OhiGrow, LLC, which operates a 10,000 sq. ft. facility on 1.35 acres of land in Toledo.

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