Marijuana Cultivation

MD orders medical cannabis products quarantined without explanation

The Maryland Medical Cannabis Commission issued a formal hold on all products from one of the state’s licensed medical marijuana growers, prohibiting those goods from being sold until further notice. But the agency hasn’t given a clear reason for its decision. According to The Washington Post, cultivation company ForwardGro’s products were placed on an “administrative […]

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Oregon authorities conduct raids of multiple illegal marijuana grows

Underlining the black-market and oversupply issues currently facing licensed cannabis businesses in Oregon, law enforcement authorities in the central region of the state say they confiscated 800 pounds of cannabis flower and 50 pounds of concentrate, which led to the discovery of illegal MJ-producing sites in the region. Police found illicit grows in Sisters, Redmond […]

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Marijuana firm Curaleaf makes stock trading debut in Canada with $4B valuation

Massachusetts-based Curaleaf made its trading debut on the Canadian Securities Exchange on Monday after a $400 million private placement. The multistate cannabis firm raised almost three times its initial offering target of $150 million, giving the company a valuation of $4 billion. Curaleaf, which changed its name in August from PalliaTech, is listed on the […]

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North Dakota grower could have medical cannabis ready by end of year

North Dakota’s only operating medical marijuana cultivation facility hopes to have cannabis ready by December or January, a necessary development before sales can begin. The Bismarck Tribune reported that Pure Dakota in Bismarck received approval from the state’s Department of Health last month to begin operations. North Dakota’s voters approved MMJ in November 2016, but […]

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Chart: Declines in wholesale prices hammer major recreational cannabis markets

Wholesale cannabis prices in recreational markets across the United States have fallen precipitously compared to last year, while prices in major medical markets are proving more resilient. According to figures provided by Cannabis Benchmarks, a Connecticut-based provider of wholesale marijuana pricing data, wholesale cannabis prices in Oregon and Washington state are down more than 50% […]

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Judge dismisses Oregon lawsuit aimed at overturning state marijuana legalization

A federal judge has dismissed a lawsuit filed by Josephine County against the state of Oregon over legalized cannabis. The suit, filed in April, contended the federal law that prohibits marijuana pre-empts Oregon’s law legalizing cannabis for commercial sales. U.S. District Court Judge Michael McShane earlier this week signed a formal order dismissing the lawsuit, […]

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Marijuana company 4Front completes $31 million raise to fund acquisitions, expansion

Multistate cannabis operator 4Front Holdings, which plans to go public in Canada, raised $31 million in a private placement of equity securities – more than double the initial offering of $15 million, according to a news release from the company. Phoenix-based 4Front plans to use the proceeds to invest in “top-tier talent,” acquisitions and the […]

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Growers: Western marijuana prices are down amid strong harvest, despite high demand

The marijuana harvest is underway and growers in several western states are reporting a bumper crop, but it’s coming at a time when supplies already are abundant and MJ prices are falling by double-digit percentages in some markets. Growers in five states with medical and recreational cannabis markets also report that consumer demand is strong. But […]

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Canadian marijuana producer Aphria aims to list on the New York Stock Exchange

Aphria, one of Canada’s largest cannabis producers, has filed documents with U.S. securities regulators signaling its intent to list its shares on the New York Stock Exchange. If approved, the Ontario-based company will join a growing list of Canadian cannabis firms turning to the top U.S. exchanges to tap the globe’s largest pool of institutional […]

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Louisiana’s first medical cannabis harvest to start this week

The first legal crop of medical marijuana in Louisiana is set to be harvested this week. However, testing is still necessary before product can ship, and the state hasn’t yet selected a third-party laboratory. The licensed grower working with the Louisiana State University Agriculture Center, GB Sciences, expects to start the drying process by next week, The […]

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