Marijuana Cultivation News


California’s Indus secures $14.5 million for cannabis expansion

Indus Holdings, a California-based vertically integrated marijuana company, said it secured up to $14.5 million in loan financing to complete a greenhouse and boost the company’s profitability path. Indus, which said it will close the deal in April, also will use the proceeds for renovations and as general working capital “to become profitable and self-sustaining.” Geronimo […]

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Maine issues conditional licenses to 31 adult-use cannabis companies

As Maine prepares for recreational marijuana sales to begin in a few months, regulators have issued 31 conditional adult-use cannabis licenses – 16 of them to retailers. In addition to the stores, the Office of Marijuana Policy said it is mailing the licenses to: Ten marijuana cultivation facilities. Four manufacturing facilities. A nursery. The agency’s director, […]

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South Dakota tribe votes to legalize cannabis on reservation

Members of an American Indian tribe in South Dakota voted to legalize medical and recreational marijuana on their reservation, according to preliminary results from the Oglala Sioux’s election commission. The results of Tuesday’s referendum to allow MJ sales on the Pine Ridge Reservation will be certified next week. Voters approved medical marijuana by an 82% […]

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Green Thumb inks $50 million cannabis sale-leaseback deal in Illinois

Multistate marijuana operator Green Thumb Industries on Monday announced it has sold an Illinois cultivation and processing facility to San Diego-based Innovative Industrial Properties in a sale-leaseback deal valued up to $50 million. IIP paid $9 million for the property in Oglesby, Illinois, and plans to make up to $41 million in upgrades to the property. […]

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South Dakota tribe voting on marijuana legalization

Oglala Sioux Tribe members will vote Tuesday on whether to legalize medical and recreational cannabis on the Pine Ridge Reservation in South Dakota. If the vote passes, the tribe would be the first in the U.S. to sell marijuana in a state where it is otherwise illegal. Because neither South Dakota nor nearby Wyoming and Nebraska […]

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Rhode Island poised to triple number of medical marijuana dispensaries

Rhode Island regulators are expected in the coming weeks to announce the licensing application period for six new medical cannabis dispensaries. The new licenses awarded by the Department of Business Regulations will be assigned using a lottery system, according to Providence TV station WPRI. Currently, Rhode Island has only three operating dispensaries, called compassion centers in […]

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Utah’s top medical marijuana regulator is stepping down

Less than a week after the first medical marijuana dispensary in Utah opened its doors, the state’s top cannabis regulator announced he is resigning. Andrew Rigby, director of the state’s medical marijuana and industrial hemp program, is leaving his post later this month, The Salt Lake Tribune reported. Rigby, who took the job in early 2019, […]

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New Michigan rule could increase business for cannabis growers

Michigan regulators agreed to phase out medical marijuana caregivers, a move that could generate more business for the state’s licensed cannabis growers and processors. Authorized caregivers who grow cannabis have been the biggest supplier of marijuana products to retailers. Starting Oct. 1, medical cannabis caregivers will be prohibited from selling product to licensed businesses, the Marijuana Regulatory […]

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