Docklight Brands Archives - Green Market Report

StaffJune 1, 2023
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The Daily Hit is a recap of the top financial news stories for June 1, 2023.

On the Site

Trulieve to Shutter Operations in Massachusetts, California

Florida-based giant Trulieve Cannabis Corp. is bowing out of two mature cannabis markets – California and Massachusetts – citing turbulent conditions for legal cannabis businesses. The company said in a press release that the decision is part of a wider plan to save money and improve financial health. Read more here.

Tilray’s Withdrawal from Bob Marley Licensing Deal Triggers Lawsuit

Docklight Brands Inc. filed a complaint against cannabis giant Tilray Inc., accusing the company of backing out of a deal to sell Bob Marley-branded cannabis products in Canada. Docklight alleges that the move cost it licensing fees, royalties, and eventually the Bob Marley license itself, according to an amended complaint filed on May 3. Read more here.

Last-Minute Lifeline for New York Cannabis Supply Chain

The New York Legislature and Gov. Kathy Hochul swooped in at the last minute – quite literally – to give the state’s nascent marijuana supply chain a critical deadline extension. Lawmakers approved the bills late Wednesday, which pushes back a midnight expiration for conditional processor and distribution permits by a year, to June 1, 2024, and Gov. Kathy Hochul signed both bills into law early on Thursday. Read more here.

Illinois Cannabis Legislation Fizzles at Finish Line

Hopes for wide-ranging legislation that would fix a bunch of nagging issues in the Illinois marijuana industry fizzled at the last minute. Instead, the state General Assembly made just a few changes. Read more here.

SNDL Hints at Plans for Skymint

SNDL (Nasdaq: SNDL) has deployed capital into a portfolio of six cannabis-related investments of approximately $579.9 million, including $535.9 million for the SunStream joint venture. Now, two of those properties, Skymint in Michigan and Florida-based Parallel Cannabis, are both experiencing extreme financial stress. Read more here.

In Other News

The Lexi Hotel

The Lexi Hotel, which has billed itself as the first “cannabis-inclusive property” in Las Vegas, is set to open its doors on Friday, June 2. The small, 65-room boutique hotel will allow any guests staying on its fourth floor to consume cannabis inside their rooms. Read more here.

Smart & Safe Florida

Florida’s Department of State reported that the proposed ballot measure to legalize recreational marijuana gathered enough signatures to put it on the ballot in 2024. The constitutional amendment, proposed by Smart & Safe Florida, gathered 967,528 valid signatures — more than 70,000 above the requirement to reach the ballot. Read more here.


StaffJune 8, 2021
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It is surely a move that Bob Marley never would have dreamed could happen. A dispensary bearing his name, legally selling his beloved herb in his home country of Jamaica. The Marley family and Docklight Brands announced that the Marley Natural will open a new, first-of-its-kind Marley Natural dispensary located at Bob’s former home and recording studio, which is currently the Bob Marley Museum, in Kingston, Jamaica. Privately owned Docklight Brands, Inc. holds the exclusive global rights to Bob Marley cannabinoid products. Docklight was founded by Privateer Holdings.

“Along with music, herb was such an important part of my father’s life.  He was always a strong advocate for marijuana and all of its healing qualities.  We are thrilled to honor him and his contribution to the world of music and now cannabis at the Bob Marley Museum,” said Stephen Marley.

The company said that the site has already received conditional approval from Jamaica’s Cannabis Licensing Authority. Docklight also said that the opening of the dispensary will allow qualified consumers to enjoy authentic cannabis at Bob’s house.  Jamaican law allows both residents and tourists to use cannabis for therapeutic purposes.  In addition to cannabis, the retail location will sell a full line of Marley accessories and approved CBD products.

“We are thrilled to work with the Marley family to bring the Marley Natural portfolio to Jamaica through this flagship retail location. This unique cannabis experience will bring to life the ethos of Bob Marley,” said Damian Marano, CEO, Docklight Brands. “It is incredibly meaningful to have the first Marley Natural dispensary in the world at the Bob Marley Museum in Kingston, Jamaica.”

One Draw Holdings, a Marley affiliate company, said it plans to open the inaugural Marley Natural retail location at the Bob Marley Museum later in 2021, with future locations planned at Tuff Gong Studio in Kingston and elsewhere on the island.  One Draw will have exclusive rights to operate Marley Natural cannabis retail locations and distribute Marley Natural cannabis products in Jamaica.  This dispensary will be the first in Docklight’s global expansion of the Marley Natural retail footprint, with additional locations planned in North America.


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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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