Briefs

First seven Michigan medical cannabis licensees now in regulatory limbo

The first seven Michigan companies won business permits just last week, but now they find themselves in regulatory limbo, unable to fully comply with the law and also serve patients. That’s because there aren’t any licensed testing labs yet in all of Michigan, Mlive.com reported. And because state law requires MMJ to be tested for safety […]

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Florida to expand sizzling medical marijuana market with four new licenses

Florida’s $200 million medical cannabis industry has spurred the state to issue an additional four “medical marijuana treatment center” licenses. The state health department expects to be swamped with as many as 400 applications for the lucrative licenses, according to the News Service of Florida. Here’s what you need to know: The expansion was triggered […]

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Medical cannabis firm Green Thumb raising $60 million in Canada to grow US footprint

Illinois-based Green Thumb Industries is planning to expand in New York and Ohio after it closes a $60 million stock-purchase deal through its Canadian-listed shares. Under the bought-deal transaction, a syndicate of underwriters will purchase 7.3 million Green Thumb shares for 11 Canadian dollars per share for gross proceeds of CA$80.3 million ($60 million), according […]

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New Jersey looks to double medical marijuana businesses

With patient numbers surging and supply problems escalating in New Jersey, Gov. Phil Murphy’s administration is expected to call for six more medical cannabis providers to serve the state. That would bring the total number of medical marijuana companies in the state to 12. State regulations mandate that MMJ businesses be vertically integrated. The Department […]

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Canada’s C21 Investments acquires Nevada cannabis business in deal topping $50M

Canada-based C21 Investments is expanding into the Nevada marijuana market through an acquisition of Silver State Relief and Silver State Cultivation, a deal that’s valued at more than $50 million. The investment, announced in a news release Monday, is the second move by C21 in what is expected to be a wave of Canadian acquisitions of […]

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