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The Greenrose Holding Co., the parent of Connecticut cannabis cultivator Theraplant, is trying to establish an even larger foothold in the state’s marijuana industry through equity joint venture partnerships, according to the company’s recent earnings call, but the firm’s first wave of applications was denied.
Multistate operators are increasingly buying up cannabis shops and other marijuana-related businesses across the country, including in Connecticut, as more states legalize recreational use of the drug.
Since 2016, the number of cannabis dispensaries purchased by multistate operators has increased nationally every year, according to data from Cannabiz Media. Cannabiz Media has been tracking cannabis and hemp licenses since 2015, compiling data on companies and transactions into its own “Cannabiz Intelligence” database.