Marijuana Cultivation News


Cannabis giant 4Front cuts workforce, appoints new CEO

Multistate marijuana operator 4Front Ventures on Monday said it has slashed its corporate workforce by almost 40% and cut the number of employees at its recreational and medical cannabis stores by almost 45%. The company did not release the number of employees who lost their jobs. The cuts, which took place over the past four […]

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Illinois extends adult-use cannabis licensing process

The application deadline for a number of Illinois’ recreational cannabis business permits has been extended by a month during the coronavirus crisis. According to the Chicago Sun-Times, Democratic Gov. J.B. Pritzker signed an executive order extending the license application deadline from March 30 to April 30 for: 40 cannabis infusers that manufacture edibles and other products. 40 […]

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Cannabis firm Harvest Health seals $25 million Franklin Labs purchase

Multistate marijuana operator Harvest Health & Recreation announced on Friday it closed on its previously announced $25.5 million purchase of Pennsylvania medical cannabis company Franklin Labs. The closing comes a day after Harvest revealed that it would no longer buy Chicago-based Verano Holdings, which was for a time was one of the biggest merger and acquisitions announced […]

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California’s Indus secures $14.5 million for cannabis expansion

Indus Holdings, a California-based vertically integrated marijuana company, said it secured up to $14.5 million in loan financing to complete a greenhouse and boost the company’s profitability path. Indus, which said it will close the deal in April, also will use the proceeds for renovations and as general working capital “to become profitable and self-sustaining.” Geronimo […]

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Maine issues conditional licenses to 31 adult-use cannabis companies

As Maine prepares for recreational marijuana sales to begin in a few months, regulators have issued 31 conditional adult-use cannabis licenses – 16 of them to retailers. In addition to the stores, the Office of Marijuana Policy said it is mailing the licenses to: Ten marijuana cultivation facilities. Four manufacturing facilities. A nursery. The agency’s director, […]

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South Dakota tribe votes to legalize cannabis on reservation

Members of an American Indian tribe in South Dakota voted to legalize medical and recreational marijuana on their reservation, according to preliminary results from the Oglala Sioux’s election commission. The results of Tuesday’s referendum to allow MJ sales on the Pine Ridge Reservation will be certified next week. Voters approved medical marijuana by an 82% […]

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Green Thumb inks $50 million cannabis sale-leaseback deal in Illinois

Multistate marijuana operator Green Thumb Industries on Monday announced it has sold an Illinois cultivation and processing facility to San Diego-based Innovative Industrial Properties in a sale-leaseback deal valued up to $50 million. IIP paid $9 million for the property in Oglesby, Illinois, and plans to make up to $41 million in upgrades to the property. […]

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South Dakota tribe voting on marijuana legalization

Oglala Sioux Tribe members will vote Tuesday on whether to legalize medical and recreational cannabis on the Pine Ridge Reservation in South Dakota. If the vote passes, the tribe would be the first in the U.S. to sell marijuana in a state where it is otherwise illegal. Because neither South Dakota nor nearby Wyoming and Nebraska […]

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