Norma Pence

Innovative Industrial Properties (IIP), a real estate investment trust based in San Diego that specializes in sale-leaseback deals in the marijuana industry, plans to raise $100 million by selling more than 1 million shares. The underwritten public offering of 1,348,389 shares of IIP’s common stock is expected to close May 29. Proceeds from the offering will […] Marijuana REIT seeks to raise $100 million in public offering is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Original Article Source: https://mjbizdaily.com/innovative-industrial-properties-to-sell-1-million-shares-in-public-offering/

One in 10 investors pumping money into Maryland’s medical marijuana industry are minorities, again highlighting the overwhelming stakes held by whites in the cannabis sector. The Capital News Service reported that the data, which comes from the state Medical Cannabis Commission, also shows that the few minority investors who do exist in Maryland tend to […] Only 10% of Maryland medical marijuana investors are minorities is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Original Article Source: https://mjbizdaily.com/maryland-medical-cannabis-minority-investors/

For anyone left questioning whether marijuana reform has become a mainstream issue in American politics, look no further than the race for a key Senate seat in Colorado, where incumbent Sen. Cory Gardner (R-CO) and his main rival former Gov. John Hickenlooper (D) are each competing for the cannabis vote this November. In a phone interview with Marijuana Moment on Friday, Gardner discussed his cannabis reform record, his thoughts on the House’s inclusion of his Secure and Fair Enforcement (SAFE) Banking Act in their latest COVID-19 relief package and more. At a time of heightened partisanship, the senator and Hickenlooper are largely on the same page when it comes to marijuana: They agree it should be legal, taxed and regulated, and that federal prohibition needs to end. But when residents of one of the first states to legalize in 2012 hit the polls this year, many will have to decide which candidate—both of whom opposed Amendment 64 when it was initially proposed—has done more for th...

Recreational marijuana stores in Massachusetts launched back into action on Memorial Day, ending a two-month closure that might have collectively cost those retailers nearly $2 million per day. Massachusetts dispensary operators interviewed by Marijuana Business Daily reported strong consumer demand at reopened adult-use stores on Monday. The challenge, many said, was meeting that demand in […] Massachusetts marijuana stores work out curbside kinks as recreational sales resume is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Original Article Source: https://mjbizdaily.com/massachusetts-recreational-marijuana-sales-resume/

Oklahoma’s growing medical cannabis market suffered a rare setback when Gov. Kevin Stitt vetoed a bill that would have allowed home delivery and pre-roll production and sales. The Republican-controlled Legislature passed the bill by a wide margin, so some lawmakers had hoped they could muster an override of the governor’s veto, which occurred last week. […] Oklahoma governor shoots down medical marijuana delivery legislation is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Original Article Source: https://mjbizdaily.com/oklahoma-gov-shoots-down-medical-marijuana-delivery-legislation/

Marijuana Business Daily has launched two cannabis-related discussion groups on Leafwire, a LinkedIn-style digital service for MJ industry professionals. One group focuses on international marijuana business news; the other shares stories about the hemp industry. The two groups will bring MJBizDaily stories directly to the Leafwire audience and are intended to encourage conversation and networking […] MJBizDaily’s marijuana, hemp discussion groups live on Leafwire is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Original Article Source: https://mjbizdaily.com/mjbizdaily-marijuana-hemp-discussion-groups-live-on-leafwire/

After a slow start, North Dakota’s budding medical marijuana industry appears to be finding its footing. Limited access to MMJ, the temporary closure of a dispensary in the state’s most populous city and general complications from the coronavirus pandemic still present hurdles to medical cannabis operators, however. Nearly 15 months after sales began in March […] Chart: North Dakota’s medical marijuana program gathers steam, but challenges remain is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Original Article Source: https://mjbizdaily.com/north-dakota-medical-marijuana-program-gathers-steam-but-challenges-remain/