Thanks to a drop in business valuations and difficulties obtaining capital, mergers and acquisitions in the marijuana sector are happening much slower than they did as recently as 2018.
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Investment group buys Sundial medical cannabis subsidiary for CA$105 million
A United Kingdom cultivator that is licensed to grow medical marijuana and hemp has been acquired by a group led by a cannabis investment firm. The U.K.’s Bridge Farm Group, which cultivates ornamental plants, flowers and herbs, announced that it was sold by its parent company, Alberta, Canada-based Sundial Growers, to an entity controlled by […]
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Best practices for protecting marijuana retailers from robberies
Thieves are one of the biggest threats to cannabis retailers.
Recently, for example, robbers have invaded retail cannabis stores and medical marijuana dispensaries in Bozeman, Montana, Chicago, Sacramento, California, and Seattle.
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Local rules trump Michigan’s medical cannabis law, state high court says
Michigan’s medical marijuana law does not overrule certain zoning powers of local governments, the state Supreme Court ruled Monday. An ordinance in Byron Township, south of Grand Rapids, bars registered caregivers from growing marijuana at a commercial property. The state appeals court ruled that the ordinance conflicted with Michigan’s medical marijuana law, which allows cultivation […]
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So many cannabis trade groups, but which is right for your business’ needs?
In response to the cannabis sector’s staggering growth, more and more stakeholders are joining trade associations that represent the industry.
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How cannabis growers can brace themselves for a product recall
If you’re in the business of cultivating marijuana, it’s more than likely a product recall is in your future.
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Medical marijuana proponent Roe says he’s retiring from US House
A staunch proponent of researching medicinal marijuana for the treatment of military veterans plans to retire from the U.S. House of Representatives. Rep. Phil Roe of Tennessee, a Republican who serves as the ranking member of the House Committee on Veterans’ Affairs, said Friday he will retire at the end of the year, according to CNN. He introduced […]
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Heavenly Rx expands footprint by acquiring American CBD maker
Heavenly Rx, a CBD maker based in Toronto, on Tuesday announced the acquisition of a privately held CBD manufacturer in the United States. The purchase of Paradise Valley-based PureKana expands Heavenly Rx’s reach into Arizona and continues a recent string of acquisitions by the Sol Global Investments subsidiary. Heavenly Rx most recently added to its portfolio in […]
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Vitamin E acetate blamed for most marijuana vaping illnesses
The Centers for Disease Control and Prevention (CDC) blames vitamin E acetate for a high percentage of lung illnesses linked to vaping. Vitamin E acetate is a thickening agent that’s been added to THC vaping products. Dr. Anne Schuchat of the CDC said it is her “conclusion” that vitamin E acetate caused illness in “the vast […]
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Maine needs more recreational cannabis testing labs
The rollout of adult-use cannabis sales in Maine is being threatened by a lack of testing facilities. So far, only one lab has applied to be certified as a testing facility. Maine officials are hopeful they’ll receive more applications but acknowledge the shortage of labs could slow the start of retail sales of recreational marijuana. […]
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Oregon to prohibit CBD in alcoholic drinks
An Oregon agency on Friday said it will ban CBD in alcoholic beverages, a blow to marijuana and hemp companies in or planning to enter this growing field. The Oregon Liquor Control Commission will prohibit the manufacture, distribution and sale of alcoholic beverages containing CBD. The new rule takes effect Jan. 1, though the first month […]
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Lead found in some marijuana vape products in Massachusetts
Massachusetts regulators found “impermissible levels of lead” in 13 of more than 100 marijuana vape products that were tested. The state’s Cannabis Control Commission tested 109 vape products, mostly to see if they contained vitamin E acetate, an additive linked to the lung illnesses associated with vaping. While none of them contained vitamin E, a […]
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The pandemic pivot and how cannabis companies reacted to COVID-19.