Marijuana Cultivation News

Pinching Pennies: 5 Ways Edibles Companies Can Keep Costs in Check

By John Schroyer Though the market for edibles has soared in recent years, many producers of infused products have had a hard time keeping up with the cost of doing business. Edibles companies often face new expenses tied to ever-changing regulations handed down by government agencies concerned with public safety and consistency, and the price […]

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Ex-CEO of Tweed an Overnight Multimillionaire

Many parallels have been drawn to date between the development of the cannabis industry and the dot-com era of the 1990s, when the technology sector experienced unparalleled growth. This week brings news of another reason to think that the comparison may be valid. The former CEO of Tweed, a publicly traded Canadian marijuana cultivation firm, […]

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Licensing Delays Frustrate Canadian MMJ Applicants

Delayed application reviews and tightening regulations are frustrating prospective Canadian medical marijuana business owners and their investors. The situation has become “a pressure-cooker ready to blow,” according to one insider quoted in The Montreal Gazette, as investors become impatient with continuing to fund real estate, staff and other expenses for businesses with pending applications. Health […]

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Illinois Releases Final MMJ Application Forms

Aspiring cannabis entrepreneurs in Illinois now have access to official license application documents. The state’s health department has posted dispensary and cultivation center applications to its website, including instructions, attestation documents for company officers and criminal history and zoning forms. The department previously released draft application information but has since finalized the forms. The application […]

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Week in Review: Retailers, Growers at Odds Amid Supply Shortage in Washington State

 By Chris Walsh After a rocky start to recreational marijuana in Washington State, many entrepreneurs on the front lines of the industry assumed the market would settle down fairly quickly. Unfortunately that’s not the case. Supply remains extraordinarily tight – many licensed cultivators are still awaiting their first harvest – while demand continues

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Investors Welcome 2 New Canadian MMJ Stocks

Two Canadian cannabis cultivation companies saw their share prices soar on the first day of trading as investors look to capitalize on a booming industry. Bedrocan Cannabis Corp, which trades on the Toronto Stock Exchange under the symbol BED, rose as high as 1.45 Canadian dollars ($1.32) on Monday before closing at CA$1.17, about 38% […]

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Canadian Cultivation Company’s Stock to Debut Monday

A Canadian company is set to become just the second licensed medical cannabis cultivation business in the country to go public. Bedrocan Canada Inc. has reportedly received approval to list on the Toronto Venture Exchange under the ticker symbol BED, and its stock is scheduled to debut on Monday, according to Reuters. The company will […]

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Hundreds Apply for Nevada MMJ Business Licenses

Entrepreneurs submitted nearly 400 applications for medical marijuana business licenses in Nevada by Monday’s deadline, highlighting the intense level of interest in the state’s MMJ program. The Nevada health department received 370 applications for dispensaries, cultivation centers, testing labs and production facilities. The deadline for applications was 5 p.m. Monday, but mailed submissions that are […]

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Energy Efficiency Elusive in Rec States

Energy could quickly become a major issue for cultivators in recreational cannabis markets. Neither Colorado nor Washington State has devoted much time to figuring out how to satisfy the huge power needs of the rapidly expanding recreational marijuana industry, according to the news site Environment and Energy Publishing. Utilities officials in the two states are […]

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State of Nevada Opens License Application Process

Nevada has officially started the application process for medical marijuana businesses. The state began accepting applications for cultivation, processing, testing and dispensary licenses on Tuesday. Entrepreneurs have until Aug. 18 to submit applications for state approval. Officials expect to process up to 500 applications. According to the Nevada health department’s website, four applications have been […]

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Uruguay Marijuana Market in Jeopardy

The plan passed by Uruguay late last year to legalize marijuana sales via approved pharmacies is on shaky ground. Uruguay has faced divisions and delays as it seeks a consensus on how to actually implement the program – a challenge many markets in the United States have faced as well. The country’s governing body now […]

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