Massachusetts regulators shut down a licensed cannabis company to investigate the owner for allegedly conspiring to evade state licensing and drug laws. The state’s Cannabis Control Commission halted medical and recreational marijuana commerce at Nova Farms in Sheffield and Attleboro while quarantining the company’s products, according to the State House News Service. The action came […]
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Washington state cannabis trade group proposes capital equity fund
A cannabis industry trade group in Washington state on Monday proposed legislation to fund a social equity program that would help remove barriers to capital for minority business owners and would eliminate a residency requirement for potential investors in the market. The Washington CannaBusiness Association (WACA) put forward the Cannabis Capital Equity Act, which would be supported […]
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Massachusetts mayor charged with extorting cannabis businesses
The mayor of Fall River, Massachusetts, was arrested on charges he conspired to extort $600,000 from at least four business owners in exchange for official letters needed to obtain a license to set up a marijuana business, according to federal authorities
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Deaths, illnesses related to vaping cannabis on the rise, health authorities say
Concerns over marijuana vaping-related illnesses continue to mount, as U.S. health officials on Friday again urged people to stop vaping until they figure out why some are coming down with serious breathing illnesses
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New proposals could aid small growers in saturated market: Q&A with Washington state’s top regulator, Rick Garza
Washington state regulators are considering several proposals to help cannabis growers – particularly smaller cultivators – compete in a market beset by challenges, including low wholesale prices and overproduction. The state’s Liquor and Cannabis Board (LCB), which regulates the marijuana licensees, recently announced draft legislation the agency is considering requesting for the upcoming 2020 legislative […]
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Pondering the best approach to irrigate a cannabis grow? Here are some tips
Many cannabis grow operations use water as a vehicle to deliver nutrients and minerals that marijuana plants require to prosper.
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Vireo Health posts cannabis revenue rise, net loss for second quarter
Vireo Health, a Minneapolis-based multistate marijuana operator, on Thursday reported revenue of $7.2 million in the second quarter, up 70% from the same period a year ago. The net loss for the quarter, ending June 30, was approximately $1.9 million, compared with net income of $120,080 for the prior-year period. The company recently announced it […]
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Tilt Holdings reports increased marijuana revenue, second-quarter loss
Tilt Holdings, a Massachusetts-based company specializing in cannabis technology, reported revenue of $39 million in the second quarter, a 13% increase from the first quarter of 2019. Net loss for the second quarter, ending June 30, was $48.9 million, compared with a net loss of $5.3 million for the prior-year period. Tilt Holdings trades on […]
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Green Thumb reports increased cannabis revenue on net quarter loss
Green Thumb Industries (GTI), a vertically integrated, multistate marijuana company based in Chicago, on Wednesday reported revenue of $44.7 million for the second quarter, up 228% from the same period a year ago. Net loss for the quarter, ending June 30, was $22.2 million, compared with a net loss of $9.7 million in the first quarter […]
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Washington state regulators consider revamping marijuana rules
Washington cannabis regulators are proposing a wide-ranging overhaul of the state’s industry rules, which, if approved, could have a big impact on the way MJ business is conducted there. Proposals include: Boosting minority ownership of cannabis businesses. Paving the way for home deliveries of medical cannabis. Allowing the smallest growers to increase the size of […]
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How cannabis companies can protect intellectual property in the wake of Phylos Bioscience uproar
Oregon-based cannabis genomics company Phylos Bioscience’s disclosure that it was positioning itself to be bought by Big Ag underscores the need for marijuana companies to take steps to protect their cannabis genetics and data from falling into the wrong hands.
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Colorado to require mycotoxin testing for cannabis concentrates
Colorado regulators will require medical and recreational marijuana concentrates to be tested for mycotoxins beginning in September. The state’s Marijuana Enforcement Division sent a notice to the industry that, beginning Sept. 15, any concentrates made from marijuana on or after that date that failed microbial contaminant testing will be tested for mycotoxins. “Mandatory medical and retail […]
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