Marijuana Cultivation

Massachusetts cannabis retailers restricting purchase amounts of limited supply

Massachusetts’ two recreational marijuana retailers are putting a cap on the amount of marijuana customers can buy. Cultivate in Leicester joins New England Treatment Access (NETA) in Northampton in limiting purchases because of supply concerns. Cultivate’s customers are permitted to purchase only half an ounce of flower per person. More details about Massachusetts stores limiting purchase […]

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Uruguayan government announces new application process for recreational cannabis cultivation

Four years after Uruguay became the first nation in the world to legalize recreational cannabis, officials announced that a call for applications to grow nonmedical marijuana for commercial purposes will go out Feb. 11, 2019. Uruguay currently has two growers, and this round could add up to five additional licensed producers (LP). Supply issues have […]

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Boston-based marijuana firm Ascend Wellness closes $40 million funding round

Boston-based cannabis company Ascend Wellness has closed a $40 million funding round – capital the firm plans to use to build out its multistate footprint. Poseidon Asset Management, Salveo Capital, JM10 Partners and Shire Capital Advisors led the funding round. Ascend has licenses in three states: Illinois, Massachusetts and Michigan. More details on the funding […]

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L.A.-based marijuana firm OG DNA Genetics inks $35 million raise

OG DNA Genetics of Los Angeles has raised a total of $35 million through two initial equity financing deals. The company said it plans to use the proceeds to expand its operations in California, where it manufactures and distributes its branded DNA indoor-grown flower, pre-rolled joints, vaporizer cartridges and concentrates. More details about the funding […]

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Multistate cannabis firm Cresco Labs launches trading on CSE

Chicago-based Cresco Labs began trading Monday on the Canadian Securities Exchange, adding its name to the rapidly growing list of U.S.-based firms that are going public in Canada. Here’s what you need to know: Cresco Labs will trade on the CSE under the ticker symbol CL. Shares of the multistate marijuana company opened at 8 Canadian […]

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Alaska credit union launches pilot program to serve marijuana firms

An Alaska credit union has joined the growing ranks of state-chartered financial institutions to announce plans to serve the legal cannabis industry. Credit Union 1 – a 66-year-old, Anchorage-based business – announced Thursday it is kicking off a pilot program to provide financial services to the state’s approved marijuana-related businesses – otherwise dubbed MRBs. “Since […]

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Cannabis firms Cannex Capital, 4Front announce all-stock merger

Cannex Capital Holdings of Vancouver, British Columbia, and 4Front Holdings, an Arizona-based multistate marijuana firm, have announced plans to merge. The all-stock deal – which places an approximate valuation of more than $230 million on 4Front – is subject to shareholder approval and reviews by the Canadian Securities Exchange (CSE). The combined company will trade […]

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Chart: Dozens of marijuana licenses at risk after Oregon inspections

More than a quarter of Oregon’s outdoor recreational marijuana producers had deficiencies or potential compliance violations in their harvest processes, according to the results of Operation Good Harvest – the state’s effort to observe and inspect the 2018 outdoor cannabis harvest. Of the 354 licensed outdoor recreational grow sites inspected by the Oregon Liquor Control […]

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Oregon recreational cannabis sales soar as prices continue to drop

Rampant overproduction in Oregon’s market for legal, recreational marijuana has produced a 50% drop in prices, according to recent estimates by state economists. The widely documented collapse has been tough on cannabis businesses such as cultivators and retailers – but a boon for consumers. “The real economic impact from recreational marijuana will come not from the […]

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