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Legal Battle Fallout: Parallel & IIP Face Dissolution As $5.8M Rent Default Leaves Distressed Assets In Balance
Tuesday, August 29, 2023 - 5:10pm | 355A Pennsylvania state court has ruled for the dissolution of Gooblend Pennsylvania LLC, a subsidiary of Parallel, a prominent cannabis operator. $5.8 Million Rent Default In Legal Battle The court order, disclosed on August 24, resulted from Goodblend's failure to pay $5.8 million in rent and...
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Connecticut Allocates $50M In Low-Interest Loans To Social Equity Cannabis Business Entrepreneurs
Tuesday, August 29, 2023 - 4:29pm | 363Social equity cannabis businesses regularly contend with the burden of structural inequality, lack of intergenerational wealth, and funding, high taxation and real estate prices, and, stringent compliance standards. The weight of these challenges has frequently pushed many enterprises to the brink...
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EXCLUSIVE: How Strong Brands Can Help Cannabis Companies Expand Their Real Estate Footprint
Tuesday, April 18, 2023 - 12:23pm | 500Cannabis companies unique challenges due to the disconnect between state and federal laws. At the recent Benzinga Cannabis Capital Conference, experts discussed how to leverage strong brands for real estate expansion and standardization, and minimize risks. But, why do brands matter for real...
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The Cannabis Real Estate Boom: Sustainable Growth Or Bubble?
Thursday, March 30, 2023 - 10:06am | 724Real estate bubbles occur when due to excessive confidence about future rental profits, and purchasing with speculative motives, prices of commercial properties reach a point that cannot be sustained and eventually crash. The legalization of marijuana for medicinal and recreational purposes...