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Bart Schaneman

Bart has worked as a reporter and editor since 2003 for newspapers in California, Nebraska and South Korea. He has won several awards for his writing and photography, including a Nebraska Press Association award for in-depth coverage of an environmental fight over fracking wastewater.His work has appeared in The Week, the Washington Post, Salon and the Omaha World-Herald, among other publications.

Week in Review: Acreage cannabis loan’s steep interest rate, Big Tobacco-MJ bankruptcy, Missouri starts cultivation & more

Cannabis multistate operator Acreage Holdings obtained a $15 million short-term loan with an eye-popping 60% yearly interest rate. The secured note, received from an unidentified institutional investor, matures in four months. MJBizDaily takeaway: That astronomical interest rate, which required Acreage to put up as collateral its marijuana business facilities in three states as well as its […]

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MedMen loses Virginia medical cannabis dispensary license

Virginia regulators voted to rescind the medical marijuana dispensary license held by embattled multistate cannabis company MedMen Enterprises in the town of Staunton, less than a month after the state’s governor signed a bill to legalize MMJ. The conditional license was originally granted to Chicago-based PharmaCann, with whom MedMen was set to merge in 2019. […]

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Denver awards first license for medical marijuana R&D

The city of Denver issued its first medical marijuana research and development license to study MJ-related treatments for diseases. The license went to Denver-based medical marijuana company MedPharm. The permit allows the company to cultivate, process, manufacture and transfer marijuana to other laboratories or cannabis businesses for research purposes. Albert Gutierrez, CEO of MedPharm, told […]

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Recent looting targeting marijuana shops disrupts supply chain, producing fallout in some wholesale markets

Robberies and looting that targeted cannabis retailers during the recent nationwide protests over the death of George Floyd have upended the marijuana supply chain in several markets, at least for the near future. The shuttering of damaged retail stores is slowing or stopping altogether the flow of sales for producers and processors in some markets, […]

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Michigan recreational cannabis sales top medical for first time

Adult-use marijuana sales in Michigan surpassed medical cannabis sales on a weekly basis for the first time since the state’s recreational market launched Dec. 1, 2019. According to MLive.com, recreational marijuana sales totaled $10.02 million between June 8 and June 14, beating out the MMJ market’s $9.97 million in sales for the same time period. […]

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Colorado lawmakers pass cannabis social equity measure

A Colorado bill that would set aside cannabis social equity licenses for prospective entrepreneurs and give them a leg up in getting started sailed through the state Legislature and was sent to the governor’s desk for his signature. Under the legislation, social equity license holders would qualify for mentorship programs and financial incentives to help […]

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Ohio OKs another medical cannabis qualifying condition, rejects 2 others

Ohio regulators have recommended adding cachexia, or wasting syndrome, to the list of conditions that qualify for medical marijuana recommendations, which could slightly increase sales for the state’s MMJ dispensaries. The state medical board committee proposed adding that condition but rejected adding autism and anxiety to the list, according to The (Cincinnati) Enquirer. The board […]

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Marijuana company Cresco Labs adds first person of color to board

Cresco Labs, a Chicago-based marijuana multistate operator, appointed Michele Roberts to its board of directors, making the executive director of the NBA players union the first person of color on the board. The Cresco board currently consists of eight white men. The announcement comes a few days after Cresco’s co-founder and former president, Joe Caltabiano, […]

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Schwazze signs deal to buy Colorado cannabis retailer Star Buds for $118M

Denver-based Schwazze, a vertically integrated cannabis company formerly operating as Medicine Man Technologies, signed definitive acquisition agreements to purchase 14 Star Buds retail locations in Colorado for $118 million in a cash and stock deal. The acquisitions include 13 retail operations – four dispensaries in Denver, two dispensaries in Aurora, one dispensary each in Commerce […]

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Cannabis growers use technology and automation to cut costs and promote safety amid downturn, pandemic

Cannabis cultivators are turning to technology and automation to help achieve efficiencies, cut costs and keep workers safe during the coronavirus pandemic and the current economic downturn. Growers report technology and automation solutions that include: Automated irrigation, fertigation and HVAC systems to limit the amount of labor needed in the operation. Robots to place early […]

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