Temescal Wellness Maryland Archives - Green Market Report

StaffJune 26, 2023


The Daily Hit is a recap of the top financial news stories for June 26, 2023.

On the Site

Anti-Legalization Groups Sue New York Over Cannabis Laws

A coalition of anti-marijuana activists and nonprofits have filed suit against the state of New York, in an attempt to re-establish cannabis prohibition and roll back the legalization law from 2021. The group that filed the suit includes the Cannabis Impact Prevention Coalition, Cannabis Industry Victims Seeking Justice, and eight individuals who are also part of those groups. Read more here.

Glass House Claps Back at ‘Black Market’ Accusations with Defamation Lawsuit

California-based Glass House Brands Inc. (NEO: GLAS.A.U) (OTCQX: GLASF) returned fire against a competitor last week, filing a lawsuit claiming that Long Beach-based Catalyst Cannabis Co. and its leadership defamed them by charging both on social media and in a separate lawsuit that Glass House was illegally trafficking marijuana to the underground market. Read more here.

Maryland Readies Recreational Cannabis Market Kickoff

Maryland it preparing to trade its reputation as the setting for the streets of HBO’s The Wire for a state-legal recreational cannabis industry that will launch this Saturday, and businesses are revving up production to meet bubbling pent-up demand. Read more here.

Baltimore Judge Halts Auction of Evermore Cannabis

A Maryland medical marijuana company was granted a proverbial stay of execution on Monday when a Baltimore Circuit Court judge approved a temporary restraining order that halted a planned auction of the company’s assets. Temescal Wellness, which does business as Evermore Cannabis, won the reprieve after filing a last-minute lawsuit on Friday against two of its creditors who had been pushing for the auction, which had been slated for noon on Monday. Read more here.

New York Cannabis Revels in Community

On the Revel hosted a New York cannabis community event on June 22 bringing together licensed operators. New York cannabis producers were able to display their businesses as potential buyers shopped around for dispensary products. Check out video from the event here.

In Other News

Trulieve Cannabis Corp. 

In a complaint filed in Pennsylvania federal court Thursday, former Trulieve employee James Catterall claims he was denied a chance to interview for a higher-paying position and then fired because he took family leave when his fiancée gave birth. Read more here.

Nevada Consumption Lounges

Nevada regulators this week approved loosening air-ventilation standards for marijuana consumption lounges in Las Vegas and other parts of the state while granting the first three conditional licenses for such venues. Read more here.

StaffJune 21, 2023


The Daily Hit is a recap of the top financial news stories for June 21, 2023.

On the Site

TerrAscend Gets Green Light for TSX Listing, $15M Offering

A top North American cannabis operator, TerrAscend Corp., has received conditional approval to list its common shares on the Toronto Stock Exchange (TSX), the company said Wednesday. The move, which is still subject to meeting certain customary conditions, marks a significant milestone for the cannabis industry. Read more here.

Viola Entering the Chicago Cannabis Market

A familiar name in the cannabis world is coming to Chicago, where a Viola retail store is set to open in the next week. It’s the latest among the roughly two dozen new pot shops to open since the state of Illinois awarded 192 licenses last year after lengthy legal delays. Read more here.

Body and Mind Stays Bullish on Expansion Despite Revenue Slump

Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) posted $7.3 million in revenue for the third quarter of fiscal year 2023, which ended on April 30, 2023. The results represented a slight slump from the company’s previous quarter revenues of $7.7 million. Read more here.

Oregon’s Cannabis Retailers Must Comply with New Tax Rules or Forfeit Licenses, State Says

Oregon is now mandating marijuana retailers to establish good standing with state tax collectors before renewing their business licenses — or risk losing the permit altogether. The rule is a temporary measure set to last until December 12, but will be revisited later this year for permanent rulemaking, the Oregon Liquor and Cannabis Commission’s Recreational Marijuana Program said in a June 16 statement. Read more here.

Maryland Cannabis Company Headed to Auction Block

Maryland-based Temescal Wellness Maryland, better known as Evermore Cannabis is headed to the auction block on Monday June 26, 2023. The company apparently defaulted on a loan from the lenders Ascend Maryland 2 LLC. The assets are being sold as they were used to secure the loan. Read more here.

In Other News

Statehouse Holdings Corp.

StateHouse Holdings Inc. (CSE: STHZ) (OTCQX: STHZF), a California-focused, vertically integrated cannabis enterprise, continues to engage in discussions related to potential future financing options. In addition, the company’s Series A debtholders have granted StateHouse a further extension to July 3, on repayment of the company’s outstanding debt obligations owing to the Series A Debtholders. Read more here.

New York

The Coalition for Access to Regulated & Safe Cannabis (CARSC), which represents licensed registered medical cannabis operators and equity applicants excluded from New York’s nascent adult-use market, released a report detailing the severe degree to which the State’s adult-use cannabis program is failing to meet tax revenue targets. Coming into 2023, NYS projected it would generate $56 million in state cannabis tax revenues in the first year of legal adult-use sales with most of the money — $40 million — coming from licensing fees paid by growers and sellers. Read more here.

New Jersey

The New Jersey Cannabis Regulatory Commission approved several additional legal marijuana stores to open while underscoring sales from both recreational and medical cannabis has brought in roughly $180 million. Read more here.

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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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