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...

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,...

Last November (2020), Montana became the 14th state to legalize the sale of recreational marijuana after the passing of two motions: Constitutional Initiative 118 (passage with 58% of the vote) and Initiative 190 (passage with 57% of the vote). To begin, CI-118 amended the state constitution allowing the voters or legislature to set the age...

2021: the year of the continued pandemic and the year of continued legalization? With New Jersey, Vermont, Arizona, Montana, and South Dakota, all legalizing cannabis, the question remains, who will be the next to follow? All signs point to New York and Connecticut, completing the tri-state of legalization (NJ, NY, CT). Connecticut has failed to...

Even though 2020 may have been a tough year on main street, it was far from a tough time on Wall Street. December 31st, 2020, the final closing of the year, rang in stellar numbers: Dow Jones Industrial Average = 30,606 S&P 500 = 3,756 NASDAQ Composite = 12,888 Russell 200 = 1,974 The year...

Discussions surrounding the legalization of cannabis or marijuana in various countries are amongst the trending debates worldwide, including  in the U.S. where marijuana is now legal in most states in some capacity. Gradually, we are seeing legalization rolling in other states and regions of the globe. With the legalization process gaining more attention globally, various...

New Jersey is the latest state in the United States of America to take significant action on the use of marijuana. The talk surrounding the legal status of marijuana in New Jersey has been ongoing for a while. Most New Jersey residents voted in favor of the legalization of Marijuana on the November 3, 2020;...

Illinois is one of the fastest growing cannabis markets in the U.S., with more and more municipalities allowing adult-use cannabis dispensaries. Illinois has 21 licenses split amongst 17 companies operating vertically in the state. The average square footage of the existing operators is approximately 52,000 square feet of existing canopy per operator. With planned expansions...