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Jeff Smith, Legal & Regulatory Reporter

Jeff is an award-winning business journalist who has worked as a reporter and editor for daily newspapers in Colorado, Maine, New Mexico and Alabama. He also has worked as a journalist overseas in Asia and West Africa. His stories have appeared in National Geographic online and The New York Times, among other publications.

Hydrofarm spends $58 million on another marijuana acquisition

October 27, 2021 · Updated October 28, 2021

Hydrofarm Holdings Group entered an agreement to acquire Illinois-based Innovative Growers Equipment (IGE) for $58 million, the cannabis cultivation equipment maker’s fifth acquisition in 2021. Pennsylvania-based Hydrofarm said in a news release that it will fund the acquisition through cash, a new credit agreement and $11.6 million in stock. The transaction is expected to close […]

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Driven by Stem enters new cannabis market by acquiring Colorado Harvest

October 26, 2021

Florida-based cannabis multistate company Stem Holdings, known as Driven by Stem, signed a letter of intent to expand into the Colorado market by acquiring one of Denver’s oldest vertical operators. The purchase price wasn’t disclosed. Colorado Harvest Co., which is registered as a limited liability company under High Country Supply, has two cultivation facilities, three […]

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Florida official calls for probe into Black farmer cannabis license

October 22, 2021

Florida’s agricultural commissioner is calling for the state’s top prosecutor to investigate a new rule that provides for a Black farmer medical marijuana license, saying it is discriminatory against Black farmers and “beyond unacceptable.” Agricultural commissioner Nikki Fried, who also is running for governor, is critical of a nonrefundable $146,000 application fee for the license […]

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US Postal Service enacts cannabis vape product restrictions

October 21, 2021

The U.S. Postal Service on Thursday issued a final rule that bans sending marijuana and hemp vape products in the mail, subject to certain exceptions. The ban was ordered by Congress last year in a law directed mostly at nicotine products. But the final rule, published Thursday in the Federal Register, covers marijuana and hemp […]

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