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Best Practices for Purchasing a Secondary Cannabis Business License

The cannabis industry is growing fast and has become an attractive market for many investors. Most of the small firms and cannabis growers are “pressured” by larger, consolidating firms to sell their business licenses. Until now, those starting up a new marijuana business have bought cannabis licenses on the secondary markets as the quickest way... ...

Recreational Cannabis Legalization in NY State: Lucky Number 17

On Saturday, March 27th, New York State voted the adult-use cannabis legalization in NY as a part of a three way agreement of Governor Cuomo, the Senate Majority Leader, and the Assembly Speaker. Beyond setting up New York to be the 17th state to legalize (including Washington DC), it grandfathers in vertical integration for medical... ...

Curaleaf Europe Expansion

Curaleaf: A Booming Global Leader, Conquer and Acquire On March 9, 2021, cannabis giant Curaleaf (CURLF) announced that it would be expanding its cannabis empire through the acquisition of Emmac Life Sciences Limited by a total figure of $286 million as a split cash-and-stock deal (15% cash, 85% in Curaleaf subordinate voting shares). Emmac Life... ...

2021 – The Year of Cannabis Banking Law Reform and the Tale of Three Acts | Argonaut Advisors

While the legal cannabis industry has made great strides during the pandemic, finishing 2020 with an industry market value of $16 billion, operators in the industry have struggled drastically with cannabis banking. As of June 2020, less than 700 banks (and credit unions) served the industry. In an industry where most consumers pay in cash,... ...
New Mexico

Cannabis in New Mexico: A 20 Plus Year Journey Stemmed by Governor Gary Johnson

Some forty-two years ago, New Mexico became the first state to pass legislation allowing the medical use of cannabis in some capacity. A measure known as the Controlled Substances Therapeutic Research Act allowed the use of cannabis through a research program approved by the FDA. The effort was spearheaded by Lynn Pierson, a cancer patient... ...