Marijuana Cultivation News

Major cannabis firm MedMen slashes more than 190 jobs, unloads assets to bolster bottom line

MedMen, a Los Angeles-based multistate marijuana operator, announced it is laying off more than 190 employees to shore up its bottom line, joining a growing list of cannabis companies shedding workers amid falling MJ stock prices and a dearth of outside funding. The cash-strapped, vertically integrated company also disclosed plans to scale back its store […]

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Michigan marijuana firm raises a total of $25 million

C3 Industries, a cannabis producer and retailer based in Ann Arbor, Michigan, raised $16.5 million in private financing, allowing it to expand into existing markets and enter a new one. C3, which has raised more than $25 million this year, including the last financing round, said Monday it plans to expand operations in Massachusetts, Michigan […]

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Cresco Labs growing jobs in Illinois as adult-use marijuana looms

Chicago-based Cresco Labs is more than doubling its workforce in Illinois as the multistate operator prepares for the Jan. 1 launch of recreational cannabis sales in the state. The company, expected to close its acquisition of Canada-based distributor Origin House by Nov. 15, said it is hiring more than 300 people in its home state […]

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Cannabis firm Green Thumb refuses to recognize Illinois union effort

Chicago-based Green Thumb Industries, a vertically integrated multistate cannabis company, is refusing to recognize a newly formed Teamsters unit at its cultivation facilities in Rock Island, Illinois, saying the union failed to hold a vote among GTI’s employees on the decision. “GTI respects the rights of our employees,” the company told Marijuana Business Daily in […]

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20 Denver marijuana dispensaries fail mold and yeast tests

Random tests for mold and yeast at more than two dozen Denver-area cannabis dispensaries resulted in 20 stores being ordered to hold or quarantine their cannabis flower, shake or pre-rolled joints. The Denver Department of Public Health and Environment conducted 25 tests over a two-day period in September, according to alt-weekly newspaper Westword, which analyzed […]

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Uruguay selects three new commercial growers of recreational marijuana to meet consumer demand

The Uruguayan government announced the three winning companies chosen to grow recreational marijuana for commercial purposes under an application process that began in February. To meet a shortfall of adult-use cannabis, the Uruguayan Institute for the Regulation and Control of Cannabis (IRCCA) selected: Uruguay Biopharmaceutical Research Co., based in the United States and conditioned to register a company in […]

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Cannabis farmers in Western states report large crop yields, only minor challenges

Cannabis growers in California, Oregon and Washington state say they are enjoying a robust outdoor harvest, with strong crop yields, high-quality flower and market prices well above last year’s depressed levels. Growers in the Western United States have been reporting higher overall prices, so this turnaround in the market coupled with higher yields likely will make […]

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Cannabis giant Trulieve signs $17 million Florida warehouse leaseback deal

Innovative Industrial Properties, a real estate investment trust (REIT) that focuses on buying and leasing warehouses in the marijuana space, paid $17 million to Trulieve Cannabis for a five-building cultivation facility in Florida. Trulieve will lease back the 150,000-square-foot marijuana cultivation centers in Quincy, Florida, from IIP. The initial lease is for 10 years, with […]

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