Grupo Flor, a vertically integrated marijuana company based in Salinas, California, spent $16 million to acquire the White Fire cannabis store in San Jose and expand its portfolio. Grupo Flor, founded in 2015, already owns two dispensaries operating as East of Eden in Salinas and Moss Hill and plans to open another store, under the […]
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Colorado’s first-quarter retail marijuana sales up 28% from 2020
Recreational and medical marijuana retailers in Colorado continue to break sales records. According to the latest data from the state Department of Revenue, Colorado’s adult-use and medical cannabis stores recorded $561.7 million in sales in the first quarter of 2021. That’s a 28% increase over the $438.8 million the state’s cannabis retailers racked up in 2020. […]
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Marijuana MSO Holistic Industries raises $55 million for expansion
Holistic Industries, a vertically integrated multistate marijuana company operating in six U.S. markets, secured a $55 million convertible note, nearly doubling a $30 million fundraising goal the company set in March. According to the Washington Business Journal, the oversubscribed offering was led by the Stoneview fund of Harbert Management Corp., an investment group with offices […]
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Pennsylvania renews medical marijuana grower’s permit after nearly two years
A Pennsylvania marijuana cultivator could soon be growing again, almost two years after regulators revoked the company’s business license. Agrimed, which was purchased by Arizona-based multistate operator Harvest Health & Recreation shortly before the revocation, and the Pennsylvania Department of Health, Office of Medical Marijuana reached a settlement that allows for the conditional renewal of […]
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Decisions by judge, regulator boost New Mexico’s marijuana market
The biggest medical marijuana business in New Mexico, Ultra Health, is celebrating another legal victory after a district court judge sided with the company’s lawsuit alleging that regulators inappropriately limited which out-of-state patients could buy MMJ under the state’s reciprocity rules. According to the medical marijuana statute, legitimate MMJ patients from other states may buy […]
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MJBiz introduces podcast series to aid cannabis entrepreneurs
MJBiz, the parent of independent publisher and event producer MJBizDaily, is launching a podcast series intended to deliver business insights and advice to entrepreneurs from the cannabis industry’s top executives and leaders. Titled “Seed to CEO,” the weekly podcast features MJBizDaily CEO Chris Walsh holding in-depth conversations with cannabis executives who share the tactics and strategies […]
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Recreational and medical marijuana customers use cannabis for wellness
Recreational marijuana makes the most headlines, but a large number of cannabis consumers buy and use the plant for medical and wellness reasons. These include acute medical conditions such as cancer, chronic pain and epilepsy, as well as wellness reasons including anxiety, muscle strains and sleep problems. To understand their consumers’ needs, marijuana product manufacturers […]
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Catering to consumers who use marijuana as medicine
Medical marijuana isn’t exclusive to MMJ dispensaries. It’s true that consumers with serious health problems are more likely to shop at dispensaries than adult-use retailers in order to access more potent products, higher purchasing limits and low to no taxes on medical marijuana. But many cannabis consumers with less acute medical or wellness needs avoid […]
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While physicians see patients benefiting from cannabis, national medical associations remain unconvinced
A growing number of physicians see medical cannabis as legitimate medicine, but many remain skeptical if not reluctant to recommend it. That’s left some state medical marijuana programs with a dearth of MMJ-recommending physicians, undermining patient numbers and slowing industry growth. For example, through the end of March, only 286 physicians were certified to recommend […]
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Consumers are using cannabis to manage sleep and anxiety issues during the pandemic
Chronic pain continues to be the No. 1 reason patients register for medical marijuana cards. But the COVID-19 pandemic and a major recession forced many people to confront a host of new health and wellness challenges, which appears to have had an impact on cannabis use. In particular, anecdotal evidence and a boom in cannabis […]
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From Pfizer to PharmaCann: Bringing Big Pharma expertise to cannabis
The key to developing effective medical and wellness products for cannabis consumers begins with understanding what patients want and expect—and what the ever-growing universe of plant-based medicines can deliver. When it comes to patients who prefer flower—and, to a lesser degree, concentrates and vapes—it’s understood that different batches will have different potencies. Because of this, […]
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Oklahoma judge suspends state’s cannabis seed-to-sale requirement
An Oklahoma judge ordered the 60-day suspension of a rule requiring medical cannabis businesses in the state to use the Metrc seed-to-sale tracking system that regulators had contracted for the service. The order by Special Judge Pandee Ramirez of the Okmulgee County District Court comes about two weeks after Dr. Z Leaf of Tulsa filed […]
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