Omar Sacirbey

Omar Sacirbey's Latest Posts

Oregon Power Providers Point Finger at Cannabis Grows

A pair of Oregon power companies say that legal indoor marijuana cultivation businesses are taking Oregon’s electrical grid above capacity and are behind several transformer blowouts over the last year. Now, utility companies are asking cannabis growers to consult...

NY Cannabis Real Estate Company Lands $25 Million

Kalyx Development, a Manhattan real estate company that leases properties to indoor cannabis growers and also provides consulting services for property renovations, announced Friday that it has closed a $25 million round of equity funding. ...

Colorado City Giving Hemp Firm $5M in Incentives

The city of Pueblo, Colorado, is giving an upstart company a package of incentives worth $4.89 million to buy equipment and transform a long-shuttered former Boeing plant into a large CBD and hemp processing facility. The deal marks the first time a city has backed a...

Sanders Introduces Bill to Lift Federal Marijuana Ban

Democratic presidential candidate Bernie Sanders introduced a bill Wednesday that would take marijuana off the federal government’s list of Schedule 1 drugs and effectively end federal prohibition against the plant, which would be a game-changer for the cannabis...

Kannalife Drafts Famed Concussion Doctor

The physician portrayed by Will Smith in the upcoming football film "Concussion" has been named to the scientific advisory board of Kannalife Sciences, which has been developing marijuana-based products to treat concussions and other head injuries. Dr. Bennet Omalu is...

Cannabis Packaging Firm Nets $1M, Partners With Snoop

FunkSac, a packaging company catering to the cannabis industry, has reportedly received more than $1 million in funding from Casa Verde Capital and also struck a partnership with the investment firm's managing member, Snoop Dogg. FunkSac CEO Garret Fortune said the...

Florida Dysfunction Jeopardizes CBD Deadline

Roughly 16 months after Florida's governor signed a bill legalizing CBD-based oils, officials drafting guidelines for the new industry have not been able to decide which five nurseries they will approve to cultivate and distribute cannabis. That means the goal of...

North Carolina Now Permits Industrial Hemp

North Carolina farmers gained the right this week to grow industrial hemp when Gov. Pat McCrory declined to veto Senate Bill 313, which legalized the plant’s industrial cultivation. McCrory, who had until midnight on Oct. 31 to veto the bill,...

Illinois Dispensaries Gearing Up for Launch

Marijuana industry observers in Illinois say just about all the pieces are in place for the state’s medical cannabis program to launch within the next two weeks. Illinois’ first cannabis crop has been harvested, processed and packaged, while the four state-certified...

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