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Nicole Stanton has checked many things off what she calls her “list of things to prove to myself”: leaving her small hometown in Utah; becoming an accomplished commercial litigation attorney; having a family; engaging in charity work with her husband, U.S. Congressman Greg Stanton; accepting an important role on the leadership team for the biggest marijuana-based business in Arizona…
Actually, that last one wasn’t on the original list. It wasn’t even within the realm of fathomability, Stanton says, until late 2018, when she didn t land a job running a nonprofit (she declines to name which one) and instead got a phone call from an old professional friend who was curious if she’d be interested in being a lawyer for a cannabis company.
Pot Companiesâ Hunt for New Markets Heats Up
May 17 2021, 5:48 PM
May 17 2021, 4:30 PM
May 17 2021, 5:48 PM
(Bloomberg) The cannabis land grab is getting more competitive.
(Bloomberg) The cannabis land grab is getting more competitive.
This was illustrated by Trulieveâs $2 billion acquisition of Harvest Health last week, which gives the company access to new states such as Maryland and Pennsylvania. The deal may give Trulieve an edge as it competes with the other major U.S. multistate operators, Green Thumb Industries and Curaleaf Holdings, which have also expanded to new states in recent years. It also shows how thereâs less virgin territory to conquer as legalization spreads.
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Trulieve is buying Harvest Health & Recreation in an all-stock deal that values the target at $2.1 billion.
The deal will make Trulieve the largest cannabis retailer in Florida and Arizona.
The combined company will be the largest US cannabis company by footprint and revenue.
New York is consuming the cannabis industry s attention. So Trulieve is looking west.
The Florida cannabis company said on Monday it will purchase Tempe, Arizona-based Harvest Health & Recreation in an all-stock deal that values Harvest at $2.1 billion. The deal will create the most profitable US cannabis company and one of the largest, rivaling industry leader Curaleaf.
UpdatedTue, Mar 9, 2021 at 7:23 pm CT
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A federal civil complaint filed Monday in Colorado accuses Chicago-based multi-state cannabis operator Verano Holdings, and others, of participating in a drug smuggling conspiracy in violation of federal law. (Shutterstock)
CHICAGO A federal lawsuit accuses one of the biggest cannabis companies in the country Chicago-based Verano Holdings of violating the Racketeer Influence and Corrupt Organization, or RICO, Act by allegedly directing an employee to smuggle marijuana from Illinois to Arkansas.
According to the suit, company officials from Verano and several other pot firms conspired to set up a cannabis dispensary in Arkansas as part of joint operations between Verano, Arizona-based Harvest Health and Arkansas-based Natural State Wellness Enterprises.