Longstanding Colorado cannabis retail chain Maggie’s Farm shuttered five of its eight shops suddenly last week, another indication of harsh market conditions in the nation’s oldest legal recreational marijuana market. The closures leave the 14-year-old company with one store in Colorado Springs, one in Pueblo North, and one in Manitou …
Tag: Investing
Oregon to set cannabis license caps
Oregon’s regulated cannabis industry has long suffered from serious oversupply. But a new bill making its way to the governor’s desk may offer a way to combat it. The Oregon State Senate passed House Bill 4121, which would establish limits on the number of allowed licenses based on population. Gov. …
MedMen shutters all but 2 of its California dispensaries
Embattled multistate operator MedMen Enterprises (CSE: MMEN) (OTCQX: MMNFF) appears to be on its last legs, with the company reportedly having shuttered all but two of its remaining dispensaries in its home state of California on Thursday. Although no one connected with MedMen’s corporate headquarters could be reached for comment, …
Curaleaf speeds Florida strategy, bucks competition in Jersey
In its recent fourth-quarter earnings call, Curaleaf Holdings (OTCQX: CURLF) (TSX:CURA) detailed plans to expand – and level – its reach in two key markets. “We’ve seen a resurgence of demand throughout the whole country,” Executive Chairman Boris Jordan said. “Not in every single market, but I would say in …