Herbal Remedies, with locations at 4440 Broadway and 1837 Broadway, was acquired by Ayr Wellness for $30 million. The sale was first announced in July 2021.
cannabis
Four marijuana-related companies run ‘Chicago cartel,’ federal lawsuit alleges
The nine-page lawsuit was filed this week in U.S. District Court for the Northern District of Illinois against Chicago-based Green Thumb Industries and Verano Holdings as well as Atlanta-headquartered Surterra Holdings (now Parallel) and Denver-based Akerna, which provides technology services to the cannabis industry.
Illinois (legal) marijuana sales drop after December high
Illinois’ cannabis dispensaries are noticing a steady drop in sales after record-setting sales in December. High prices and a lack of supply likely push customers to street dealers.
Record High: Illinois legal cannabis sales nearly $1.4 billion in 2021, double last year’s total
Monthly sales totals for all of 2021 published Monday by the Illinois Department of Financial and Professional Regulation showed nearly $1.4 billion sold. That’s more than double the $669 million sold in 2020.
Herbal Remedies sells for $30 million to New York company
The local company that first brought medical marijuana, then recreational marijuana, to Quincy has been sold to a company that owners say can compete better in a tough market. Bob Lansing and Christine Wildrick sold Herbal Remedies to Ayr Wellness, based out of New York City, for $30 million. Lansing said as he approaches age […]
