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Las Vegas Cannabis Powerhouse Planet 13 On Verge Of Major Florida Expansion Via $49M Deal

By Jelena Martinovic
April 29, 11:09 AM
Las Vegas-based cannabis giant Planet 13 Holdings Inc. is a step closer to a major expansion in Florida.The Florida Office of Medical Marijuana Use (OMMU) gave the green light to Planet 13 for the proposed sale of Planet 13 Florida, Inc. and the acquisition of VidaCann, LLC. The sale of Planet 13 Florida, which owns a medical marijuana treatment center license issued by the Florida Department of Health to SGW FL Enterprises, LLC, was a closing condition to the company's proposed acquisition of VidaCann. Planet 13 first announced that it had entered into a membership interest purchase agreement to acquire all of the ownership interests of VidaCann in August for $48.9 million.

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3 minute read

Here’s Where To Buy Legal Weed: Cannabis Store Openings Ahead Of The New Year

By Jelena Martinovic
December 29, 2:28 PM
The first licensed adult-use cannabis dispensary and delivery service in New York, Housing Works Cannabis Co, has celebrated a successful first year of operations. The dispensary, which reported selling roughly $12m worth of marijuana during its first six months, curated a menu of over 1,000 SKUs across 124 brands. This resulted in total sales of $24m in the company's first year. While New York could potentially house up to 600 stores based on California's density, Pablo Zuanic of Zuanic & Associates suggested that the figure could be over 3,600 if it follows Colorado's model. Other cannabis stores have opened in the US and Canada recently. Trulieve Cannabis opened two new medical dispensaries in Florida, while Ascend Wellness Holdings opened a dispensary in Ohio. Canadian retailer High Tide also opened three new Canna Cabana stores in Canada.

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2 minute read

NY Supreme Court Lifts Cannabis Licensing Injunction, Process Resumes For Hundreds Of Retailers

By Maureen Meehan
December 1, 7:10 PM
The legal standoff that has prevented cannabis dispensaries across New York State from getting their licenses to operate was resolved late Friday when the NY Supreme Court lifted an injunction preventing the Office of Cannabis Management (OCM) from processing Conditional Adult Use Retail Dispensary —or CAURD— dispensary licenses.

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