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,...
Bart Schaneman
Bart Schaneman's Latest Posts
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...
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.
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...
How Phylos Bioscience sent shockwaves through the cannabis industry with ‘Big Ag’ disclosure
Last December, East Fork Cultivars, an outdoor cannabis farm in the idyllic Illinois River Valley of Southern Oregon, partnered with Portland, Oregon-based agricultural genomics company Phylos Bioscience on a breeding program specifically targeting new varietal traits.
Lawsuit alleges marijuana tech firm Tilt Holdings broke law with solicitations
Tilt Holdings, a Massachusetts-based company specializing in cannabis technology, faces a possible class-action lawsuit over its marketing tactics.
Cresco Labs reports increased marijuana revenue, net quarter loss
Cresco Labs, a multistate cannabis company based in Chicago, on Wednesday reported revenue of $29.9 million for the second quarter, up 253% from the same period a year ago. Net loss for the quarter, ending June 30, was $3.9 million, compared...
Michigan shutters medical marijuana lab over alleged health, safety violations
Michigan regulators suspended the license of a medical cannabis testing facility after determining that the health and safety of patrons or employees were jeopardized. The Marijuana Regulatory Agency released a complaint alleging bulletin detailing the suspension...
Cultivators, MJ executives say Eastern US marijuana prices remain strong as industry grows steadily
Up and down the Eastern United States, cannabis growers and business owners are reporting healthy prices for pounds of marijuana, both medical and recreational. Prices range from $2,000 a pound for flower all the way up to $4,200, depending on the state. But...
Harvest agrees to halt quest for two medical cannabis licenses in Pennsylvania
Harvest Health & Recreation, an Arizona-based multistate cannabis company, reached an agreement with Pennsylvania regulators to drop two permits for affiliated medical marijuana companies it was pursuing in the state. Harvest no longer will pursue permits for...
California university teams with DEA-registered company to research marijuana
Researchers at the University of California, Davis have joined forces with Biopharmaceutical Research, which is registered with the U.S. Drug Enforcement Administration, to study marijuana for the benefit of law enforcement, health care providers and scientists....
Utah selects Leaf Data for medical marijuana seed-to-sale tracking system
Utah regulators selected Leaf Data Systems for its medical cannabis seed-to-sale traceability program.
