Tikun Olam, once one of the world’s leading medical cannabis companies, is selling its domestic assets for $42 million – or about half of its asking price of $100 million – according to Israeli media reports.
Las Vegas-headquartered Planet 13 Holdings on Monday announced a $48.9 million deal to acquire Florida-based VidaCann’s vertically integrated marijuana operation, which includes 26 medical cannabis dispensaries.
The International Brotherhood of Teamsters grew its membership of cannabis workers again, this time in California and Missouri.
Despite the success of adult-use marijuana, 2022 is looking like the year pharmaceutical cannabis becomes a major market driver.
Organized labor has scored another victory in the marijuana industry, with drivers for California distributor Nabis saying Friday they have voted to join the Teamsters Local 630.
A move to legalize medical marijuana in South Korea picked up a key backer, increasing its chances of approval by the end of this year.
