Marijuana Cultivation

Arkansas medical cannabis cultivator plans to start growing in February

The medical marijuana program in Arkansas – stymied by legal challenges and licensing delays – could have a cultivation facility growing and supplying marijuana in early 2019. State regulators said they plan to launch the program then, but retail licenses haven’t been awarded yet. The Arkansas Medical Marijuana Commission outsourced the review of dispensary license applications to […]

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Denver cannabis retail chain Sweet Leaf owners strike deal to pay fine, give up licenses

The owners of Denver-based marijuana retail chain Sweet Leaf made a deal with Colorado’s cannabis regulatory agency to sell the company’s remaining business licenses in the state, pay roughly $2 million in fines and drop their appeal. Alt-weekly Westword reported that owners Anthony Suaro, Christian Johnson and Matthew Aiken owe roughly $1.5 million to the […]

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Cresco Labs closes $100 million raise, draws institutional investors to cannabis industry

Chicago-based marijuana firm Cresco Labs closed a $100 million funding round that attracted institutional investors, a notable milestone for cannabis finance in the United States. The raise represents the second-largest deal inked in the U.S. marijuana industry to date. New York-based Acreage Holdings’ $119 million raise in July holds the top spot for private funding […]

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More CA enforcement: 250 grows targeted, 614,000 marijuana plants seized

In California, a 39-county sting operation at 250 illegal cannabis cultivation sites resulted in the arrest of 52 people and the seizure of more than 614,000 plants, authorities said Thursday. The raids signal yet more acceleration by state and local authorities to rein in black-market operators, which licensed operators argue cause distinct harm to their […]

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First medical cannabis plants harvested in Ohio; sales still delayed

Some of Ohio’s medical marijuana growers are harvesting the state’s first legal marijuana, but sales are still a ways off for this potential $400 million market. According to the Cincinnati Enquirer, harvest is underway at Agri-Med Ohio in Meigs County, and Wellspring Fields in Ravenna has finished harvest. The state had hoped to have its MMJ […]

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Week in Review: California’s cannabis social-equity move, US attorney’s marijuana threat & lawmakers’ bid for more MJ growers

California approves a law to boost participation among minorities and those less well off in the marijuana industry, Colorado’s U.S. attorney threatens to crack down on licensed cannabis businesses that divert product to the black market, and members of Congress urge the U.S. government to expand the number of cultivators allowed to grow MJ for research. […]

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Vicious battle erupts over plans for $100M cannabis grow facility in Massachusetts

A Central Massachusetts farmer is embroiled in a bitter fight with the local community over plans to sell his property for construction of a $100 million marijuana cultivation facility. Nathan Benjamin Jr. lost his barn and winery, located in the town of Charlton, to a fire three years ago and has since turned to the cannabis […]

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IHeartMedia to invest up to $10 million in marijuana publisher High Times

The nation’s largest radio broadcaster, IHeartMedia, has agreed to invest up to $10 million in the publisher of High Times magazine, giving the marijuana company access to the media firm’s digital and radio advertising platforms. Under the deal, IHeart will commit $5 million-$10 million worth of advertising on the internet and radio – platforms High […]

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California marijuana growers optimistic while seeking paths around slew of obstacles

California’s cannabis cultivation market is a maze of farms that run the gamut from cottage growers with a few dozen plants to commercial-sized industrial operations. That also means the scope of business difficulties – and opportunities – are wide-ranging in the state’s newly regulated medical and recreational marijuana industries. Golden State growers have had to […]

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MedMen expands into Arizona medical marijuana market via acquisition

Los Angeles-based MedMen Enterprises is expanding  into Arizona’s large medical marijuana market after striking a deal with WhiteStar Solutions to acquire Monarch, a vertically integrated MMJ business with operations in Scottsdale and Mesa. The deal – inked for an undisclosed sum – will pay 80% in stock and 20% in cash and underlines the fact investors […]

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