Moca buying marijuana

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Moca buying marijuana

They have an eclectic, urban, hip feel. The deal is a sign that capital is loosening up again in the weed industry after seizing up over the past two years. Two big acquisitions of Chicago-based companies, PharmaCann and Verano Holdings, were called off, and many marijuana companies sold facilities and leased them back. The cannabis industry is a mix of large players that operate in multiple states and smaller independents. Ascend says its Collinsville store, across the border from St. Louis, is the top-grossing dispensary in the state. It also owns a cultivation facility in downstate Barry. Large operators such as Cresco and Green Thumb Industries already have the maximum number of licenses. Ascend plans additional stores in Springfield and Fairview Heights downstate. With MOCA, it will have six stores. The MOCA deal also reflects the risk and reward of the Illinois market, where recreational marijuana became legal Jan. But Illinois is poised to award 75 new dispensary licenses next month.

Questions Remain After Chicago Marijuana Dispensary Heist

Moca buying marijuana

That location started selling recreational marijuana when sales became legal in Illinois Jan. It opened a second, recreational-only location in River North last week. Selected edition. Sign in. My Portfolio News Latest News. Stocks: Most Actives. Credit Cards. Latest News. Nvidia stock hits another record as Wall Street stays bullish. Read full article. Ally Marotti, Chicago Tribune. Tue, Aug 25, , PM. Link Copied. The terms of the deal were not disclosed. View comments.

Moca buying marijuana