Roger Fillion

Colorado cannabis biotech snags $10 million for expansion

Marijuana biotech firm Front Range Biosciences announced Thursday it secured $10 million in private funding to accelerate production in California, Canada and Colorado. The company, based in Lafayette, Colorado, said it plans to invest some of the money in investigating new strains of cannabis. Front Range Biosciences uses tissue-culture technology to make “plantlets” for both […]

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North Dakota recreational cannabis measure approved for ballot

Supporters of legalizing recreational marijuana in North Dakota have succeeded in bringing the matter to a public vote later this year. Proponents submitted more than the required 13,452 valid petition signatures to get a measure on the November general election ballot, Secretary of State Al Jaeger announced Monday. Supporters submitted 17,695 signatures last month, and […]

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Marijuana REIT investing $13 million in Michigan MMJ grow facility

Innovative Industrial Properties, a San Diego real estate investment trust (REIT) serving the medical marijuana industry, is spending $13 million to acquire and lease out a property in Michigan slated to be used as an MMJ cultivation and processing facility. Innovative Industrial Properties, which trades on the New York Stock Exchange as IIPR, bought the property […]

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Oklahoma gov tells regulators to pull controversial medical marijuana rules

Oklahoma Gov. Mary Fallin has reversed herself and said health regulators should rescind controversial rules that threatened to curb the growth of the state’s new medical marijuana program. The State Health Board last week approved rules banning smokable flower and requiring dispensaries to have a pharmacist on staff. Fallin quickly signed off on the regulations. But […]

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GrowGeneration raises $10 million to bankroll cannabis-related acquisitions

GrowGeneration, a multistate operator of retail hydroponic and organic gardening stores serving marijuana growers, said it raised $10 million that it will use to purchase more businesses. The Denver company said in a news release it has more than $17 million in cash on its balance sheet and that it plans to “execute on multiple […]

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Arkansas justices to expedite medical marijuana case that halted MMJ program

The Arkansas Supreme Court has agreed to speed up its review of a ruling that has halted the issuance of the state’s first medical marijuana growing licenses. The high court set an expedited briefing schedule in an order this week, the Arkansas Democrat-Gazette reported. The final pleading is set to be submitted May 30. Arkansas appealed […]

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Scotts to buy hydroponic distributor for $450M, boosting cannabis reach

Scotts Miracle-Gro said it agreed to buy the nation’s largest hydroponic distributor for $450 million, a deal that will bolster the U.S. lawn and garden care giant’s position in the ancillary cannabis business. Scotts said the purchase of Vancouver, Washington-based Sunlight Supply will boost the ability of its marijuana-related subsidiary, Hawthorne Gardening, to serve the hydroponic […]

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Louisiana House backs expansion of medical cannabis program

Louisiana lawmakers are moving to expand the state’s medical marijuana program, as the product nears availability within months. The House voted 60-39 Thursday to add more conditions to the list of diseases and disorders eligible for marijuana treatment, a move that would be a boon for MMJ sales. Rep. Ted James’ proposal would include glaucoma, […]

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Cannabis credit union accuser faces own lawsuit as questions swirl over company’s banking efforts

The legal and financial uncertainties overhanging a Colorado credit union that serves cannabis businesses have an added wild card: The executive who recently filed a wrongful termination lawsuit against Partner Colorado Credit Union and its high-profile CEO has his own legal problems. Matt Cochran – who was hired last summer by Partner Colorado CEO Sundie […]

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Cannabis grow-equipment company GrowGeneration raises $9 million

GrowGeneration, a multistate operator of retail hydroponic and organic gardening stores serving marijuana growers, said it raised $9 million through the offering of convertible notes. The Denver company said in a news release filed with the Securities and Exchange Commission that it plans to use the proceeds to expands its operations. CEO Darren Lampert said […]

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