After another rollercoaster of a year, I’m reflecting back on some of the insights my partners and I shared with the Cannabis Industry throughout the COVID-19 pandemic. One area that we’ve continued to monitor (and have recently become directly involved in) is Bankruptcy and Receivership within the Cannabis Industry.... Read more
4Front Ventures Corp. Further Strengthens Massachusetts Footprint, Closes Accretive Acquisition of New England Cannabis Corporation Significantly expands strategic position and broadens market penetration in important limited-license state of Massachusetts Acquisition expected to be immediately accretive to the Company’s 2022 EBITDA Fully operational, technologically advanced, 55,000 sq. ft. cultivation facility... Read more
Cannabis tax revenue in Massachusetts is performing better than projected, over four years into the state’s adult-use market. According to the most recently available data, Massachusetts reported collecting $74.2 million in marijuana excise taxes—much more than the $51.3 million in alcohol excise taxes that were collected. Alcohol sales continue... Read more
BOSTON (AP) — Excise taxes for marijuana sold for adult recreational use exceeded alcohol excise taxes for the first time in Massachusetts, reflecting growing marijuana sales that reached $2.54 billion, according to the Cannabis Control Commission. Massachusetts collected $74.2 million in marijuana excise tax through December 2021 — halfway... Read more
Licensed marijuana firms cannot legally move pot products across state lines. But that doesn’t mean they’ve been spared the supply chain disruptions wreaking havoc on the rest of the business world. As the Omicron variant surges, Massachusetts cannabis companies are facing significant shortages of foreign-made packaging and construction materials that... Read more
Exclusive Interview with Jushi Holdings Chairman, Founder and CEO Jim Cacioppo Jushi Holdings (CSE: JUSH) (OTCQX: JUSHF) reported 117 percent revenue growth from Q3 2020 to Q3 2021 and 13 percent sequential growth. In addition to organic growth, the MSO remains acquisitive. Chairman, Founder and CEO Jim Cacioppo last... Read more
When state legislators passed a criminal justice reform bill in 2018, Massachusetts residents won the ability to clear away certain criminal records — including convictions for marijuana possession and other now-legal activities — that can make it difficult to land a job, rent an apartment, and otherwise move on... Read more
Exclusive Interview with TILT Holdings CEO Gary Santo TILT Holdings (NEO: TILT) (OTCQX: TLLTF) has entered its second act, shifting the company to a unique B2B model. CEO Gary Santo last spoke with New Cannabis Ventures in May, when he was just stepping into his leadership position with the company.... Read more
Highlighting the death of a state trooper who was killed by a motorist who had THC detected in their blood, Massachusetts Governor Charlie Baker is renewing his effort to combat stoned driving. Baker, a Republican serving his second term as governor of the Commonwealth, announced Wednesday that his administration... Read more
Caroline Pineau is more than just a cannabis entrepreneur based out of Haverhill, Massachusetts. She’s also an active part of the community, and strives to lift up other women and marginalized folks in her work. This is evidenced by her work joining forces with another business owner, Caroline Frankel, to... Read more
