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Thursday, September 23, 2021

Crain Communications Acquires Cannabis News Site

Posted By on Thu, Sep 23, 2021 at 12:38 PM

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Crain Communications is going green.

The Detroit-based media company which owns and operates Crain's Cleveland Business recently acquired Green Market Report, a cannabis financial news site.



Green Market Report launched in 2017 and averages about 150,000 page views per month. The New York-based digital media outlet specializes in topics like cannabis legislation, financial reporting, and business trends.

“We are excited to add Green Market Report to our now 21-brand portfolio,” KC Crain, president and CEO of Crain Communications, said in a news release. “They focus on the financial, business and economic side of the cannabis industry, so it’s a natural fit with our other business brands.”

Though purchasing numbers have not been disclosed, the deal is expected to be finalized Sept. 30.

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