Canadian medical marijuana grower Aphria lands CA$100M

Omar Sacirbey  | April 21, 2017

Aphria, one of Canada’s largest licensed medical marijuana producers, announced it has secured 100 million Canadian dollars ($74 million) in financing.

The financing will be used mostly to expand Aphria’s production capacity, which “is expected to supply more than 75,000 (kilograms) of high-quality cannabis at one of the lowest costs in the …

Colorado cannabis cultivation curbs may benefit legal MJ firms

Omar Sacirbey  | April 11, 2017

Colorado lawmakers have passed two measures they believe will curb illicit marijuana cultivation and potentially send more consumers to legal cannabis retailers.

The state Senate unanimously passed a bill Monday prohibiting people in co-ops from growing recreational cannabis for others, the Associated Press reported. The House already had passed the legislation.

The bill …

Ohio to accept medical cannabis grower applications in June

Bart Schaneman  | April 10, 2017

Ohio regulators will begin taking applications for the state’s 24 available cultivation licenses in June and review them in July.

According to the Cleveland Plain Dealer, winning applicants will have nine months to meet the program’s requirements. It’s not clear when regulators will choose the winning companies.

The Ohio Department of Commerce …

Report: Marijuana warehouse sales booming, pushing up prices

Omar Sacirbey  | April 7, 2017

Indoor cannabis cultivation may well have a limited future, many marijuana professionals say, but it’s booming right now based on demand by commercial growers for warehouse space.

That has pushed up prices for such properties, meaning that MJ entrepreneurs seeking to build indoor cultivation centers will have to pony up more to pay for …

Hemp cultivation in Minnesota sees major growth spurt

Omar Sacirbey  | April 4, 2017

Minnesota’s hemp crop has grown exponentially and the number of farmers cultivating the crop has increased sixfold as the state’s pilot program enters its second year.

This year, 42 farmers are growing hemp on roughly 2,100 acres, Minnesota’s Alpha News reported. That’s a huge increase from 2016, when Minnesota’s hemp cultivation program launched with …

Groups working to develop standards for cannabis businesses

Bart Schaneman  | March 30, 2017

By Bart Schaneman

Cannabis trade groups, state officials and marijuana industry leaders are pursuing the development of standards and best practices covering organic certification, labor practices and energy use in a bid to further legitimize and professionalize the industry.

These efforts could bolster both the marijuana sector’s image among consumers and MJ companies’ bottom lines.

Washington DC’s medical marijuana program progressing, though more change in store

John Schroyer  | March 29, 2017

By John Schroyer

The District of Columbia’s medical cannabis companies have been ramping up in the past month, largely because of new business-friendly regulations that have reshaped the future in terms of possible market size.

But those companies still face big questions, especially with regard to expansion and uncertainty over the customer base’s potential size.