Briefs

Wrigley chewing gum heir is new CEO of medical marijuana firm Surterra

Chewing gum billionaire William “Beau” Wrigley Jr. has been appointed CEO of medical marijuana company Surterra Wellness, a little more than two months after leading a $65 million funding round for the firm. Atlanta-based Surterra operates medical marijuana dispensaries and cultivation facilities in Florida as well as CBD dispensaries and grow operations in Texas. Wrigley is taking […]

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Green Thumb Industries buys Nevada cannabis business in $290 million deal

Green Thumb Industries (GTI), a multistate marijuana company, has agreed to purchase a Nevada-based, vertically integrated cannabis company in a stock and cash deal valued at about $290 million. The deal expands Chicago-based GTI’s footprint in Nevada, home to one of the fastest-growing, adult-use MJ markets in the nation. The acquisition includes: Three retail stores in […]

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Michigan localities are saying ‘no’ to recreational marijuana

Some Michigan communities are already prohibiting adult-use marijuana businesses, a little more than a week after voters in the state approved legalization of recreational cannabis. According to various newspaper reports, Niles City in southwestern Michigan and Pinckney village in the southeastern part of the state have decided to opt out, at least for now. St. Joseph […]

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Exec: Aurora Cannabis to expand in US ‘moment it becomes allowable’

Canada’s leading medical cannabis company by revenue is ready to expand into the United States “the moment it becomes allowable,” one of its executives said at MJBizCon in Las Vegas. Marc Lakmaaker, vice president of Alberta-based Aurora Cannabis, discussed the multinational cannabis producer’s plan to enter the world’s largest economy when relevant laws allow it […]

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New cannabis business takes over Louisiana MMJ grower contract

Pennsylvania-based Ilera Holistic Healthcare is taking over the contract to grow medical marijuana on behalf of Louisiana’s Southern University for the state’s MMJ program. Shreveport TV station KTBS reported that the company with the initial contract – Advanced Biomedics – never became operational because of disputes between the owners. Ilera bought the 68% stake in Advanced […]

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MTech, MJ Freeway name their merged marijuana company ‘Akerna’

Denver cannabis technology business MJ Freeway and MTech Acquisition, a special-purpose acquisition firm, said their new holding company set to list on the Nasdaq will be named Akerna once their merger is completed. In a news release, Scott Sozio, CEO of MTech (Nasdaq: MTEC), said the name Akerna – with “kern” at its center – has two meanings, both […]

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Marijuana firm MariMed invests $30M in hemp-derived CBD producer

Massachusetts-based MariMed, a multistate cannabis operator, is entering the hemp-derived CBD business with a $30 million investment in a Kentucky company. The company, GenCanna, has contract farmers to grow hemp to its specifications as well as processing facilities to turn the plant into CBD extracts, concentrates, isolates and other products. GenCanna plans to use the […]

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Aurora ‘expects sufficient supply’ of marijuana to meet adult-use demand

Aurora Cannabis expects to have sufficient supply next year to meet demand in Canada’s shortage-ridden recreational marijuana market, according to a regulatory filing the Alberta company released Monday alongside its quarterly results. Aurora – one of Canada’s largest licensed producers of companies – reported revenue of 29 million Canadian dollars ($21 million) for the quarter […]

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Ohio now anticipates some medical cannabis sales in December

A starting point might finally be in sight for Ohio’s long-delayed medical marijuana market. A spokeswoman for the Ohio Department of Commerce said small amounts of cannabis likely will be available for sale before the end of the year. The agency’s Kerry Francis told The Columbus Dispatch that the state’s first harvested marijuana plants are expected […]

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Oklahoma discloses medical marijuana licensee info, raises ‘security issues’ for MMJ firms

Some in Oklahoma’s medical cannabis industry are worried about the public disclosure of  licensed locations after a cannabis grower’s property was ransacked. Chip Paul, chairman of Oklahomans for Health, the group that spearheaded the voter-approved medical marijuana initiative that passed in June, told The Norman Transcript that the state’s online publication of the locations “creates […]

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