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Foley Hoag: Cannabis Control Board Approves Regulations & Application for Conditional Adult-Use Retail Dispensary Licenses

Cannabis Law Report

In order to qualify for a CAURD license, applicants must prove they are justice-involved (meaning they or a direct family member were convicted of a marijuana crime before March 31, 2021) and that they have at least two years experience owning a profitable business, in addition to other numerous requirements.

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Cresco Labs Closes Acquisition of Cultivate, Strengthens Position in Massachusetts

Cannabis Law Report

wholesaler of branded cannabis products, announced today the closing of the Company’s previously announced acquisition of Cultivate (the “Transaction”). The Transaction also includes space available to further expand cultivation capacity. We have been thoroughly impressed with the Cultivate team and the quality of their operations.

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In Case You Missed It: Key Marijuana Law Developments in 2022

The Blunt Truth

The statute: Legalizes possession of small amounts of marijuana and cultivation of up to three mature and three immature cannabis plants per dwelling for personal use. In 2021, the state was one of several to pass legalization legislation. Earlier in 2022, Oregon enacted a similar two-year license moratorium. May 25, 2022.

Law 111
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Cresco Labs Announces Second Quarter 2021 Financial Results

Cannabis Law Report

Company reports record revenue of $210 million and reaffirms annualized revenue run-rate guidance of $1 billion by the end of 2021. wholesaler of branded cannabis products, today announced its financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Financial Highlights. GAAP”) and U.S. Revenue of $210.0

Business 105
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Schwazze Purchases 34-acre Cannabis Grow in Colorado for $11.3 million

Veriheal

The money will be used to purchase the cultivator’s assets. Included in the deal are a hoop house, indoor greenhouse, outdoor cultivation capacity, equipment, and cultivation facilities. It marks the company’s first foray into the cultivation segment — an area of the global cannabis market expected to reach $358.8

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Ionic Brands Corp. Announces Record First Quarter of 2021 Proforma Financial Results and Provides Business Update

Cannabis Law Report

TACOMA, WA / ACCESSWIRE / June 28, 2021 / IONIC BRANDS CORP. The Company is pleased today to be reporting its proforma, unaudited financial results for the three months ended March 31, 2021. The Company is pleased today to be reporting its proforma, unaudited financial results for the three months ended March 31, 2021.

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Grown Rogue Reports Record Q3 2021 Results, 73% Gross Margin and 55% aEBITDA1 Margin in Michigan

Cannabis Law Report

Q3 2021 Sales Revenue of $3.03M versus $1.37M in Q2 2021, an increase of 121%. Q3 2021 aEBITDA 1 margin of 25% ($0.77M), versus 12% ($0.18M) in Q2 2021, an increase of 330% ($0.59M). Indoor Revenue of $2.81M, versus $0.75M in Q2 2021, an increase of 277%. aEBITDA 1 margin of 55% versus pro-forma 2 24% in Q2 2021.