By Dan Roda, J.D., LL.M. Demand for medical and adult-use cannabis far exceeded expectations in 2020. The industry was declared to be essential, and from coast-to-coast revenue hit an all time high. In 2021, federal legalization of cannabis is inching closer to being a reality and an unprecedented level of capital is prepared to enter […]
Banking, Finance & Real Estate
Beckham-Backed Synthetic CBD Company To List On London Stock Exchange On February 26
A £25m CBD company backed by footballer David Beckham’s investment firm is to list on the London Stock Exchange later this week. Cellular Goods says it has attracted strong demand from institutional and private investors for its initial public offering to join the main market – scheduled for February 26. The London-based company says it […]
10 top tax issues in cannabis operating agreements
by Michael Harlow Members of CohnReznick’s Cannabis team recently participated in a webinar with New Frontier Data and NFP titled “Industry Outlook: The Cannabis Commercial Landscape in 2021 and Beyond.” We were excited to see many insightful questions from the attendees, many of which concerned entity structure and issues we have encountered with operating agreements. In […]
Marijuana Retail Leasing Faces Blunt Challenges as Legalization Spreads
The number of marijuana stores in the U.S. is poised to grow in 2021 and 2022 as more states legalize the narcotic, the federal government toys with legalization at the national level, and already large sales chains seek to get larger. The expected growth is a small miracle given that tenants, landlords and commercial real […]
BGP Acquisition Corp. Announces Completion of U.S. $115,000,000 Initial Public Offering Including the Full Exercise of the Over-Allotment Option
PRESS RELEASE VANCOUVER, BC, Feb. 4, 2021 /CNW/ – BGP Acquisition Corp. (“BGP“) is pleased to announce the closing of the initial public offering (the “Offering“) of 11,500,000 class A restricted voting units (“Class A Restricted Voting Units“) (including 1,500,000 Class A Restricted Voting Units issued pursuant to the exercise in full of the over-allotment option) at […]
Date Set For First Medical Cannabis Company To List On The London Stock Exchange
THE London Stock Exchange will accept the first cannabis company in its 320-year history next month – marking a significant milestone in the growth and development of the industry in the UK and Europe. Spinnaker Opportunities has today (January 29) announced the successful completion of a £6m fundraise which will allow its close on its […]
The Effects Of Marijuana Legalization On American Real Estate
When America’s real estate history is written, there will be a chapter with the legalization of marijuana as a focal point. I’m a third-generation warehouse owner in Denver, in the state that recreational marijuana was first legalized in, so it’s impossible for me to not be compelled to analyze the spillover effects. In the beginning, […]
Jushi Holdings Inc. Expands Retail Footprint in California
Press Release Signs definitive agreements to acquire an operating dispensary in Palm Springs and a retail license holder in Grover Beach Entered into a long-term lease agreement and plans to commence construction in Culver City BOCA RATON, Fla., Jan. 14, 2021 (GLOBE NEWSWIRE) — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCMKTS: JUSHF), […]
Cresco Labs to Expand Into Florida Through Acquisition of Bluma Wellness Inc.
PRESS RELEASE The Company will now have meaningful operations in all 7 cannabis markets that fall within the top 10 most populated states in the U.S. CHICAGO – January 14, 2021 — Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), one of the largest vertically integrated, multistate cannabis operators in the United States, and […]
Oregon Cannabis: What is My Partial Marijuana Dispensary Ownership Interest Worth?
by Jesse Mondry A couple of months ago, my colleague Vince Sliwoski wrote Oregon Cannabis Dispensary Sales: What We Are Seeing on Valuation, which focused on the secondary market for cannabis licenses and businesses. Vince explained that the retail market, i.e. the purchase and sale of dispensaries, is still mostly done on multiples of revenue. […]
