Columbia Care signs $35 million cannabis real estate deal

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Dozens seek Maine recreational marijuana business licenses

Maine has received 76 applications for business licenses to sell adult-use marijuana since the state began taking applications on Dec. 5. Thirty-eight of the license applications are for retail stores, 27 for cultivation facilities and 11 for manufacturing facilities, according to the Maine Office of Marijuana Policy.

– Associated Press

Columbia Care signs $35 million cannabis real estate deal

New York-based multistate marijuana operator Columbia Care is raising $35 million through the sale and leaseback of six of its properties in California, Illinois and Massachusetts. The properties, which are being sold to Maryland-based NewLake Capital Partners, include dispensaries and cultivation and manufacturing facilities.

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Florida marijuana company Trulieve named in marketing spam lawsuit

A Tennessee man filed a federal lawsuit seeking millions of dollars in damages against Trulieve, Florida’s largest medical marijuana operator, for allegedly sending illegal text messages to his cellphone. Mats Jaslow contends in the lawsuit that he received unsolicited text messages from Trulieve in October and November that advertised cannabis product promotions, according to The News Service of Florida.

Pushback against cannabis marketing spam is on the rise:

  • In August, two California residents filed a lawsuit against Massachusetts-based Tilt Holdings for allegedly spamming them.
  • In October, a federal judge dismissed a lawsuit against Eaze, a major player in the California cannabis delivery industry, for allegedly sending unsolicited texts advertising marijuana deals.

New Jersey vote to legalize adult-use cannabis advancing

New Jersey legislators are scheduled to vote Monday on a proposed amendment to allow voters to decide in 2020 whether to legalize recreational marijuana in the state. The decision came after the Democratic-controlled full Assembly and the Senate held hearings on the proposed referendum, as required by law. The proposed amendment must pass with a three-fifths majority in both chambers in a single year, or with a simple majority in two consecutive years in order to appear on the ballot.

– Associated Press