Marijuana Cultivation

Breaking down the big deal behind Constellation’s bet on cannabis and Wall Street’s involvement

Constellation Brands’ multibillion-dollar wager on Canopy Growth is huge – record setting even – but a much larger story is lighting up across the cannabis industry: Wall Street has arrived. Financial heavyweights Goldman Sachs and Bank of America Merrill Lynch are officially dabbling in the marijuana industry now, which is a move observers call a […]

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Louisiana expected to begin growing medical cannabis Aug. 17

Louisiana’s first legal crop of medical marijuana can be planted this week. Agriculture Commissioner Mike Strain, whose agency regulates the state’s burgeoning industry, loosened a regulatory logjam that created a monthslong delay. Strain’s team met with Louisiana State University AgCenter Chancellor Bill Richardson and the head of the school’s marijuana contractor, GB Sciences Louisiana, to […]

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Dispensary on Hawaii’s Big Island approved to cultivate medical marijuana

The Hawaii Department of Health signaled a green light for a medical cannabis dispensary to start growing on the Big Island. Hawaiian Ethos is the seventh dispensary to open a production center in the state and the first on the Big Island. The Big Island, which has the second-highest patient count behind Oahu, was the […]

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Canadian company cancels $8.3 million deal to buy Maine marijuana grow operation

Canada-based C21 Investments has nixed a deal to spend up to $8.3 million for a cultivation operation in Maine that subsequently was linked to an alleged black-market grow. The Bangor Daily News reported Tuesday the cancellation of the deal, which C21 had disclosed June 28 in a news release. C21, which has made a flurry […]

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CA county sends hundreds of cease-and-desist letters to unlicensed cannabis farms

California’s Humboldt County is taking more steps to crack down on its still-thriving underground marijuana market, having sent about 330 cease-and-desist letters to locals it believes may be growing without the proper permits. The county Planning and Building Department is mostly targeting growers in areas that have a particularly high impact on the environment and to […]

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CEO of multistate medical marijuana operator Green Thumb steps down

Peter Kadens, one of the more notable names in the U.S. cannabis industry, has stepped down as CEO of multistate medical marijuana company Green Thumb Industries (GTI). The 40-year-old entrepreneur, who will stay with Chicago-based GTI as a board member, told MassLive.com he was stepping down for personal and family reasons. Ben Kovler, who founded […]

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Study shows depth of Oregon’s cannabis glut, illegal transport

A new report on Oregon’s marijuana industry sheds more light on the massive oversupply there and the huge illegal trade across state lines, issues that need to be addressed immediately, the state’s top federal law enforcement official said. The report “confirms what we already know – (the industry) is out of control,” Oregon U.S. Attorney […]

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Marijuana REIT investing $13 million in Michigan MMJ grow facility

Innovative Industrial Properties, a San Diego real estate investment trust (REIT) serving the medical marijuana industry, is spending $13 million to acquire and lease out a property in Michigan slated to be used as an MMJ cultivation and processing facility. Innovative Industrial Properties, which trades on the New York Stock Exchange as IIPR, bought the property […]

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Molson Coors bets on growing cannabis industry with Canadian joint venture

Molson Coors Brewing Co. is teaming up with a cannabis company in Canada as beer companies look to fend off competition from North America’s growing marijuana market. Molson said Wednesday it will form a joint venture with Quebec-based licensed producer The Hydropothecary Corp. to develop nonalcoholic, cannabis-infused beverages for the Canadian market following legalization. Molson […]

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