The back story is not that the "dirty hippies" so loathed by one Planning Commissioner will ruin local neighborhoods.  Obviously - temporarily - they'll mint money, which is more than anyone else around here does.  The real story is that governments at every level are cooperating - with their greed for Sin Tax licensing fees and invasive, crushing regulatory burdens, to drive the price of entry so high that only corporate behemoths can afford the capital costs.  That's where we're headed now.  That's something to think about the next time you hear your local conservatives boast of their support for small business.

That's also something to think about when you look at the ghosts of business in downtown Whitmore Lake.  - JGN

 

Reason: Las Vegas, Which Just Authorized Cannabis Lounges, Aspires to be the 'New Amsterdam, Jacob Sullum, 5/15/2019

Cannabis waste disposal is becoming big business as firms look to monetize marijuana, hemp biomass, Kristen Nichols, 5/2/2019

Marijuana waste gives entrepreneurs an opportunity to enter an emerging cannabis sector that turns plant refuse and post-extraction leftovers into marketable products that range from animal bedding to construction materials.

Marijuana Business Daily:  Cannabis group Curaleaf to acquire Cura Partners for CA$1.27 billion, 5/1/2019

$420M Equity raise sets US cannabis industry record, Bank of America begins marijuana coverage, MedMen exec turnover & more of the week’s top MJ news, 4/26/2019

Pax Labs, a San Francisco manufacturer of vape pens, raised $420 million, the largest amount ever raised for a U.S.-based marijuana company.  That number – far larger than initial targets of $150 million – came from both existing and new institutional investors. Pax, which spun off from e-cigarette maker Juul in 2017, formed in 2007.

Bank of America Merrill Lynch analyst Chris Carey initiated coverage of the broader industry and some of its market leaders: Aurora Cannabis, Canopy Growth, Cronos Group, The Green Organic Dutchman, Hexo Corp. and Supreme Cannabis.

Marijuana firm Cresco Labs inks landmark $823 million acquisition of Origin House, Lisa Bernard-Kuhn, 4/1/2019 

The acquisition will boost Cresco Labs’ footprint in California, where Origin House is a top cannabis distributor, delivering more than 50 brands to 500-plus dispensaries across the state.
All told, the combined company will boast licenses for up to 51 retail locations and more than 1.5 million square feet of cultivation across 11 states, Cresco said in a news release.

Harvest Health sets cannabis industry standard with $850 million acquisition of multistate operator Verano, Lisa Bernard-Kuhn, Nick Thomas, 3/11/2019

Upon closing, the all-stock deal with Verano will give Harvest one of the largest footprints among multistate cannabis operators with 123 dispensaries in 16 states.

Verano, which acquired a Massachusetts cannabis company in February, was attractive to Harvest because it has stakes in 10 operating facilities across the United States and more than 45 licenses under development.

All told, the deal puts Harvest on pace to have more than 70 dispensaries, 13 cultivation facilities and 13 manufacturing facilities operating by the end of 2019, according to a news release from the company.