Marijuana Cultivation

‘Reckoning’ coming: Licensed cannabis cultivators, applicants near 1,000 in Canada

More companies than ever are lining up to be licensed cannabis cultivators in Canada despite an increasingly competitive market outlook, according to new data from the country’s regulatory body for cannabis producers. As of Dec. 31, 2018, almost 840 site applications were in the licensing pipeline, Health Canada told Marijuana Business Daily. That’s a 30% […]

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Cannabis firms in M&A hunt look beyond Canada for growth

Canadian medical cannabis companies are increasingly looking internationally for acquisitions to tap growth while consolidation in the country’s marijuana sector continues to steam ahead. Last year, 140 U.S. cannabis companies were targets of mergers and acquisitions, a substantial increase over 2017’s 86, according to data compiled by Viridian Capital Advisors and shared with Marijuana Business […]

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ND medical cannabis market inches onward as state hands out first patient cards

North Dakota has begun issuing medical marijuana cards to patients and caregivers, which marks another step forward as the state has spent nearly two years setting up a regulated distribution system for the MMJ market. Voters in the state approved medical cannabis in November 2016. Here are the basics surrounding the situation: North Dakota’s health department […]

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Tilray, Authentic Brands Group enter revenue-sharing deal for cannabis products

Tilray, the British Columbia-based cannabis heavyweight, signed a revenue-sharing agreement with Authentic Brands Group (ABG) to market and distribute consumer cannabis products within the New York-based firm’s brand portfolio. Under the terms of the agreement, Tilray will pay $100 million to ABG and up to $250 million in cash and stock upon achieving unspecified milestones. […]

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On first day of OH medical marijuana sales, some dispensaries cap purchases

Wednesday marked the first day of medical marijuana sales in Ohio, with retailers reporting brisk transactions. Only four dispensaries were reported open in the state, a market that is projected to generate as much as $400 million in annual sales over time, according to Marijuana Business Daily estimates. Early on opening day, about 20 people waited […]

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Medicine Man agrees to acquire cannabis research firm MedPharm

Medicine Man Technologies, a Denver-based consulting, intellectual property (IP) licensing and products company for the cannabis industry, announced its intent to acquire MedPharm Holdings, an IP development and holding company focused on cannabis research and product development. Financial details of the deal were not disclosed. Medicine Man told Marijuana Business Daily that it would speak more […]

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