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John Schroyer

A Sacramento-based journalist, John had focused on Colorado politics for most of his career, which included covering the 2008 Democratic National Convention in Denver. In 2012, he covered the Amendment 64 campaign to legalize recreational marijuana for The Colorado Springs Gazette. As then-video editor for The Gazette, he was on hand for the first-ever legal recreational marijuana sale in Denver on Jan. 1, 2014. He’s been writing about the cannabis industry since joining Marijuana Business Daily over the summer of 2014.

Marijuana investor Casa Verde Capital closes $100 million funding round

Casa Verde Capital, a California-based marijuana investment fund launched by rapper Snoop Dogg, finalized a $100 million raise. This raise and a recent surge in M&A activity are signs of renewed investor interest in the marijuana industry. The funding brings Casa Verde’s portfolio value to $200 million, according to TechCrunch, which cited sources with knowledge […]

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Schwazze acquires six Colorado cannabis stores for $37 million

Schwazze, a Denver-based cannabis company, on Monday said it acquired six retail outlets from Colorado competitor Star Buds in a cash and stock deal worth $37.1 million. The deal announced Monday was a partial step toward completing a $118 million acquisition of all 13 Star Buds stores and a cultivation facility that Schwazze agreed to […]

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Senate approves marijuana research bill similar to House measure

A bipartisan bill in the U.S. Senate to expand marijuana and CBD research was approved by the upper chamber on a unanimous voice vote, less than a week after the House of Representatives passed its own MJ research legislation. The question now becomes whether the two chambers can reconcile the pair of bills and approve […]

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New California cannabis health-warning label requirement could trigger swell of industry lawsuits

Health warning labels will be required for all cannabis products sold in California starting Jan. 3, a mandate that will likely create a wave of new product-liability lawsuits targeting marijuana and hemp companies, industry attorneys predicted. The warning labels are designed to alert consumers to the possible health impact of marijuana smoke and THC. The […]

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University of Mississippi’s federal pact for cannabis R&D to be renewed

The National Institute on Drug Abuse (NIDA) said it again intends to award a federal contract to the University of Mississippi to grow cannabis for federal research purposes. To date, the university has been the only institution granted such permission. According to a contract notice of intent published online, the NIDA will award a noncompetitive […]

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Weedmaps investor document notes federal probe into cannabis businesses is ‘unresolved’

In an investor presentation filed this week with U.S. securities regulators, the parent company of Weedmaps disclosed that a federal investigation into the marijuana industry that involves the cannabis advertising giant remains “unresolved.” The disclosure raises questions about both the probe’s status and whether it could affect California-based Weedmaps’ plans to go public on the […]

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Still struggling after looting that hit marijuana firms, iconic California business turns to fellow company

The lootings and robberies that inflicted millions of dollars in damage on marijuana companies nationwide in May and June might have been the last straw for a storied cannabis business in Oakland, California. Magnolia Wellness, an 11-year staple of the California marijuana industry and legalization movement, has an uncertain future because of a years-old pile […]

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Cannabis advertising platform Weedmaps going public with $1.5 billion valuation

Weedmaps, the oft-controversial but ever-successful cannabis advertising giant, is going public through a deal that values the company produced through the transaction at a whopping $1.5 billion. According to a news release, the website’s owners, WM Holding Co., will merge with blank-check acquisition firm Silver Spike Acquisition Corp. to land a listing on the Nasdaq. […]

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Medical cannabis edibles production set to launch in Missouri

One of the newest medical cannabis markets to launch – Missouri – has yet to see dispensaries stock their shelves with edibles, but that will change in a matter of weeks when the state’s first licensed edibles maker begins production. Edibles maker Clovr has 800 pounds of cannabis sitting in storage, awaiting the start of […]

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California’s first cannabis czar reflects on her time at the helm as she steps down

In early 2016, Lori Ajax accepted the job of running the first-ever California agency dedicated to overseeing the state’s sprawling legal marijuana industry. Since then, Ajax has broken considerable new ground as the chief of the state’s Bureau of Cannabis Control (BCC). She oversaw the historic rollout of California’s recreational marijuana market in 2018, spearheaded […]

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