#multistate operators (MSOs)

[cannabisbusinessexecutive]

Cannabis Took a Hit on Red Wednesday, but Hope Is On the Way

Reflecting multiple states rejection of marijuana legalization efforts and ushering in an administration seemingly hostile to cannabis, Red Wednesday revealed how uncertain regulatory policy, coupled with Herculean operational challenges, stripped the bloom off of the rose and unveiled the volatility of cannabis’ valuation. Despite generating $33.6 billion of revenue and 440,445 jobs…

[azspot]

On top of that, there’s not actually a lot of room for advancement. On the retail side, you can basically either be a budtender or a manager of budtenders. Or you could go into the cultivation or manufacturing side and work in a giant, corporate indoor grow facility. Or spend your days grinding weed and rolling joints in kief-filled rooms of questionable ventilation. There are also ancillary gigs, like supply manager, testing, transportation, and security—but, really, among the roughly 428,000 jobs in the legal weed industry in America right now, very few of them are comfortably middle class. There was a wave of optimism among the upwardly mobile, dreams of learning the trade and breaking out on their own. But as in most gold rushes, the claims don’t often pan out. Because of the reality of licensing expenses, state caps on the number of vendors, and the difficulty of acquiring loans due to federal prohibition, the business is largely controlled by people who were rich enough to open a business without a loan in the first place. And since states are legalizing piecemeal, the industry is consolidating as Multistate Operators (MSO) levy their success in one market to weasel in and make a stake in another.

High Expectations

[southjerseyweb]

Dispensary openings set for Lakehurst, Bloomfield - NJBIZ

14 as Michigan-based multistate operator C3 Industries' first retail shop in New Jersey. It is the MSO's 24th dispensary nationwide. High Profile …

[jonathandesverneyusanews]

Cannabis MSO 4Front nets $33 million from sale-leaseback deal

Cannabis MSO 4Front nets $33 million from sale-leaseback deal

Cannabis multistate operator 4Front Ventures said it has completed a sale-leaseback of cultivation and production facilities in Massachusetts and Washington state, generating $33 million to pay down debt and for general purposes. The deal is just the latest in a wave of sale-leaseback transactions in the marijuana industry that help operators raise cash and bolster their financial position. “The…

[cbdon]

10 Multistate Cannabis Companies Owe Half a Billion in Federal Taxes

10 Multistate Cannabis Companies Owe Half a Billion in Federal Taxes

If the companies fully paid their federal tax bills, only one of the 10 would have more than 10 months worth of cash for operations. Ten publicly traded multistate cannabis companies are carrying over half a billion dollars in federal tax debts, according to an analysis of financial filings by Green Market Report. All told, multistate operators (MSOs) Acreage Holdings, Ascend Wellness, Ayr…

[gkdhaka]

American Weed Stocks Are Cheap. They’re About to Get a Sales Bump.

American Weed Stocks Are Cheap. They’re About to Get a Sales Bump.

The AdvisorShares Pure US Cannabis ETF is down 25% in the past month, while the S&P 500 dropped 7%. Courtesy of Trulieve However bad the year has been for most stocks, it has been especially harsh for state-licensed cannabis sellers. In just the past month, the AdvisorShares Pure US Cannabis exchange-traded fund (ticker: MSOS), which tracks America’s multistate operators—or MSOs—fell 25%, while…

[cannabisbusinessexecutive]

Viridian Capital Chart Highlights “Fragmented” National Cannabis Industry

Viridian Capital Chart Highlights “Fragmented” National Cannabis Industry

A just-released chart entitled “The Fragmented Cannabis Industry” by Viridian Capital Advisors presents a cannabis industry in which six of the largest multistate operators (MSOs) accounted for 20 percent of revenue for 2021. A far greater percentage of revenue – approximately 64 – was generated by around 9,900 small companies, with large private offices and midsize companies making up the rest…

[marijuanareferral]

Surviving hard economic times comes down to cash, position, and business model. Here are four factors helping MSOs flourish.

[cannabisviews]

Latest Curaleaf megadeal signals shift in cannabis M&A Curaleaf continued its march to become a truly national marijuana company with its $875 million acquisition of Grassroots, one of the largest private multistate operators (MSOs) in the United States.

[janepwilliams87]

Columbia Care to close on major deal to acquire Colorado marijuana retailer

Multistate operator Columbia Care is set to close on a full-stock deal to acquire major Denver-based vertically integrated cannabis company The Green Solution, which would significantly expand the New York-based MSO’s presence nationwide. The deal, expected to close Sept. 1, would net Columbia Care 23 retail stores, six cultivation facilities and one manufacturing operation that […]

Columbia Care to close on major deal to acquire Colorado marijuana retailer is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

from Updates By Jane https://mjbizdaily.com/columbia-care-to-close-on-major-deal-to-acquire-the-green-solution/

[janepwilliams87]

Cannabis MSO Green Thumb seeks to raise $150M through stock sale

Chicago-based marijuana multistate operator Green Thumb Industries wants to raise about $150 million through the sale of 10 million shares of stock, according to a regulatory filing made with the U.S. Securities and Exchange Commission on Friday. Green Thumb said in its prospectus that it would use the proceeds to increase its capitalization and financial […]

Cannabis MSO Green Thumb seeks to raise $150M through stock sale is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

from Updates By Jane https://mjbizdaily.com/cannabis-mso-green-thumb-seeks-to-raise-150m-through-stock-sale/

[janepwilliams87]

Marijuana MSO Acreage wins motion to block Maine city from favoring residents

Marijuana multistate operator Acreage Holdings continues to prevail in its legal efforts to thwart Maine and, now, its largest city from favoring homegrown businesses in the state’s impending adult-use market. A federal judge ruled Friday that Portland can’t enforce scoring criteria that give licensing preference to locally owned marijuana businesses, Law360 reported. U.S. District Judge […]

Marijuana MSO Acreage wins motion to block Maine city from favoring residents is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

from Updates By Jane https://mjbizdaily.com/acreage-holdings-wins-motion-to-block-portland-maine-from-favoring-residents/

[janepwilliams87]

Struggling marijuana MSO iAnthus loses Chief Strategy Officer Stavola

Beth Stavola resigned as chief strategy officer and board director for troubled multistate cannabis operator iAnthus Capital Holdings. The company did not expound on the resignation of Stavola, who previously served as a senior vice president at Wall Street firm Jefferies & Co. before joining MPX Bioceuticals. MPX merged with iAnthus in 2018. Stavola is […]

Struggling marijuana MSO iAnthus loses Chief Strategy Officer Stavola is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

from Updates By Jane https://mjbizdaily.com/beth-stavola-resigns-as-ianthus-chief-strategy-officer/

[janepwilliams87]

Multistate marijuana operator Jushi upsizes debt financing to $33.3 million

Florida-based multistate marijuana and hemp operator Jushi Holdings increased a debt financing announced in late July by roughly $18 million, citing strong demand from shareholders and management. The debt financing, which was meant to fund Jushi’s $37 million purchase of grower-processor Pennsylvania Medical Solutions (PAMS) from Minneapolis-based MSO Vireo Health International, was previously worth $15.25 […]

Multistate marijuana operator Jushi upsizes debt financing to $33.3 million is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

from Updates By Jane https://mjbizdaily.com/marijuana-operator-jushi-holdings-upsizes-debt-financing-to-33-3-million/

[janepwilliams87]

More hurdles for marijuana MSO MedMen in Arizona, California – and in court

Bad news continues to pile up for California-based MedMen Enterprises. After the multistate operator’s founders stepped down from leadership roles in January, their replacements have continued to struggle to right the ship, and just last month, MedMen lost a medical marijuana business license in Virginia. Recently, MedMen has been further hit with: A lawsuit filed in […]

More hurdles for marijuana MSO MedMen in Arizona, California – and in court is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

from Updates By Jane https://mjbizdaily.com/more-hurdles-for-marijuana-mso-medmen-in-arizona-california-and-in-court/