Marijuana Business Daily

Landlords in older markets warm up to marijuana tenants, but premium still applies

Published

1 year ago

February 1, 2023

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Few factors are more important to a cannabis company’s success than where it chooses to locate, be it a cultivator, manufacturer or retailer.

Cultivators and manufacturers should consider proximity to the markets they serve, while retailers need to think about being accessible to consumers. All plant-touching companies must consider cost and the strict zoning restrictions that local governments impose on cannabis businesses.

“The cannabis space is no different than other business. It’s all about location, location, location,” said Ryan George, CEO of 420 Property, a Sacramento, California-based marijuana and hemp real estate marketplace.

Times are a-changin’

Today’s real estate marketplace for cannabis is dramatically different than it was a few years ago.

Although cannabis business owners should expect to pay a premium, or so-called “green tax,” for real estate, those premiums amount to far less than they used to, observers said.

“Premiums were insane in 2018,

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Marijuana Business Daily

MedMen receiver sets date to meet with creditors after cannabis MSO’s bankruptcy filing

Published

5 hours ago

April 30, 2024

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Creditors of cannabis operator MedMen Enterprises will meet in a few weeks as investors seek repayment for hundreds of millions of dollars in outstanding debt.

The cash-strapped company entered bankruptcy proceedings in Canada on Friday and placed its California retail assets in receivership, the first steps to unwind the business and sell off assets in liquidation.

The developments usher in the end of the company’s days as a marijuana multistate operator and cement perhaps the most precipitous downfall in the marijuana industry to date.

With creditors reporting more than 560 million Canadian dollars ($410 million) in claims, MedMen likely represents the largest failure in U.S. and Canadian marijuana retail history.

At one point, the company operated more than 20 stores nationwide, including about

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Marijuana Business Daily

German cannabis imports rise to 34.6 tons as cultivators eye end of quota system

Published

4 days ago

April 26, 2024

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Germany imported a record amount of cannabis for medical and scientific use in 2023, as international businesses looked for sales opportunities in Europe’s largest federally regulated medical marijuana market.

In 2023, Germany imported 31,398 kilograms (34.6 tons) of cannabis products, according to the newest data from the country’s Federal Institute for Drugs and Medical Devices (BfArM).

That’s a 26.2% increase over the 24,876 kilograms imported the previous year.

In previous years, Germany imported:

24,876 kilograms (27.4 tons) of cannabis in 2022, up 19.8% over 2021. 20,771 kilograms (22.9 tons) in 2021, a 77% surge over the previous year. 11,746 kilograms (12,8 tons) in 2020, 46% more than in 2019. 8,057 kilograms (8.9 tons) in 2019, which was 80% more than 2018’s total

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Why are US officials seizing regulated cannabis in New Mexico?

Published

1 week ago

April 22, 2024

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A New Mexico congressman is pressing the U.S. Department of Homeland Security to account for what regulated marijuana operators claim is a rash of seizures of state-legal cannabis at Customs and Border Protection checkpoints.

Six incidents of product loss totaling hundreds of thousands of dollars have been reported by licensed marijuana companies in New Mexico since February, when operators first alerted the state’s Cannabis Control Division about the situation, according to documents shared with MJBizDaily.

In addition to border crossings, Customs and Border Protection (CBP) maintains inspection stations along major highways in border states.

Between Feb. 14 and April 18, agents intercepted state-regulated marijuana products at the Alamogordo and Las Cruces stations operated by CBP, state documents show.

Products seized by CBP included

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