Marijuana Cultivation

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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Hundreds of marijuana grower opportunities could result from this California county’s election

Amid this month’s election hubbub, one Northern California county’s vote tally opened the door to potentially hundreds of marijuana growers entering the state’s legal cannabis market. In rural Calaveras County – which enacted a commercial MJ cultivation ban in January – two candidates beat out anti-marijuana officials on the five-member county board of supervisors, making the repeal […]

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Green Thumb Industries buys Nevada cannabis business in $290 million deal

Green Thumb Industries (GTI), a multistate marijuana company, has agreed to purchase a Nevada-based, vertically integrated cannabis company in a stock and cash deal valued at about $290 million. The deal expands Chicago-based GTI’s footprint in Nevada, home to one of the fastest-growing, adult-use MJ markets in the nation. The acquisition includes: Three retail stores in […]

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MJBizCon 2018 begins with record attendance, reflecting marijuana industry’s rapid growth

The annual MJBizCon that began Wednesday is again setting record numbers for attendance and exhibitors, mirroring the marijuana industry’s explosive growth and its bullish prospects after voters approved three new MJ markets worth up to $2 billion. Some 25,000 marijuana industry professionals, investors and entrepreneurs are expected to attend the three-day conference at the Las […]

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New cannabis business takes over Louisiana MMJ grower contract

Pennsylvania-based Ilera Holistic Healthcare is taking over the contract to grow medical marijuana on behalf of Louisiana’s Southern University for the state’s MMJ program. Shreveport TV station KTBS reported that the company with the initial contract – Advanced Biomedics – never became operational because of disputes between the owners. Ilera bought the 68% stake in Advanced […]

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Oklahoma discloses medical marijuana licensee info, raises ‘security issues’ for MMJ firms

Some in Oklahoma’s medical cannabis industry are worried about the public disclosure of  licensed locations after a cannabis grower’s property was ransacked. Chip Paul, chairman of Oklahomans for Health, the group that spearheaded the voter-approved medical marijuana initiative that passed in June, told The Norman Transcript that the state’s online publication of the locations “creates […]

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Ohio’s medical marijuana program delayed by lack of operating testing labs

A dearth of open cannabis testing labs is delaying Ohio’s medical marijuana program beyond its previously expected November launch date. None of the state’s five licensed labs is testing cannabis for potency and purity yet, which is required by law before sales at dispensaries can begin, The Cincinnati Enquirer reported. Ohio approved medical marijuana in 2016, […]

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Week in Review: Judge tosses NM medical cannabis plant cap, Sessions fired & MA adult-use sales expected to start soon

A New Mexico judge strikes down the state’s cap on the number of plants medical marijuana producers can grow, Attorney General Jeff Sessions is fired, and a top cannabis regulator in Massachusetts says adult-use sales are expected to begin soon in the Bay State. Here’s a closer look at some notable developments in the marijuana industry […]

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Medical cannabis cardholders, growers dropping off in Oregon

Medical marijuana patients and growers across Oregon are abandoning the state’s MMJ program, according to reports. Licensed medical marijuana companies are increasingly up against a combination of legislative red tape and a different kind of market force: the convenience of recreational retail sales. The number of patients registered with the Oregon Medical Marijuana Program (OMMP) […]

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California county seizes 400,000 cannabis plants at one unlicensed grow

Law enforcement officials in Santa Barbara County, California, seized a whopping 400,000 marijuana plants from an illegal cultivation site. That’s the “largest to date” found in the county since the launch of the regulated market, according to a news release from the sheriff’s office and a report from The Tribune News of San Luis Obispo. The plants […]

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Fast pace of Canadian cannabis license approvals fails to avert supply shortage

Canadian regulators approved new cultivation space at a frantic pace in the months leading up to legalization, but not fast enough to avert the widely predicted shortage of legal cannabis. In the month before the launch of Canada’s legal recreational cannabis market, facilities licensed by the federal government to cultivate marijuana had surpassed a cumulative […]

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California cannabis company Indus closes $46 million raise for expansion

California marijuana supplier Indus Holding Co. has closed a $46 million funding round – capital that will be used to bolster the firm’s cultivation and distribution operations. The Series B funding round brought in more than triple Indus’ original target of $15 million, the result of high investor interest, the company said in a news […]

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