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In October 2021, Cresco Labs announced the acquisition of Pennsylvania operator, Laurel Harvest, for $80 million. The transaction is expected to close in the 4th quarter of 2021. [22] In March 2022, Cresco Labs announced the acquisition of New York-based cannabis firm, Columbia Care, for $2 billion in an all-stock transaction.
A report by New Jersey United for Marijuana Reform and New Jersey Policy Perspective, issued in 2016, concluded that if New Jersey legalized marijuana, it could generate about $300 million annually in sales tax revenue for the state. (The report assumed a sales tax of 25% and annual in-state marijuana sales of $1.2 billion.) [9]
The Jake Honig Compassionate Use Medical Cannabis Act, nicknamed Jake's Law, was named after 7-year-old Jake Honig who died on January 21, 2018, in New Jersey from brain cancer. [1] Jake's Law expanded the state's medical marijuana program and was based on Jake's story. It was signed into law by Governor Phil Murphy on July 2, 2019. [2]
Chicago-based Cresco Labs and Columbia Care called off their $2 billion cannabis megamerger Monday, citing “evolving” market conditions that include falling stock prices, tightening credit and ...
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New Jersey residents have until Saturday, Nov. 30 to apply for the ANCHOR benefit. NJ ANCHOR payment You will receive your ANCHOR benefit several weeks after your application has been filed and ...
A Texas grandmother is accused of having an unnecessary gastric feeding tube placed into her granddaughter. Lisa Campbell-Goins is charged with unlawful restraint, exploitation of a child and ...
In addition, Houseplant also sells vinyl mixtapes that correspond to and are meant to be played under the effects of the initial three-strain line. [4] Houseplant's name is derived from the company's sale of both home goods, such as ashtrays and ceramics, under the "Housegoods" name ( house ) and cannabis products ( plant ).