Marijuana Cultivation News

Week in Review: Early freeze costs largest CO marijuana cultivator millions, Weedmaps lays off 100+, MJ licensing probes escalate & more

Colorado’s largest marijuana cultivator suffers an early freeze that is expected to trigger a supply disruption in the state, more than 100 Weedmaps employees receive pink slips, enforcement efforts intensify to root out corruption in local and state cannabis licensing – and more of the week’s top cannabis business news. Supply freeze Colorado’s largest cannabis […]

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Chicago marijuana firm inks $29 million real estate deal

Revolution Global, a Chicago-based cannabis company, will more than double the capacity at its flagship cultivation facility in Illinois after securing $28.75 million in funding from Freehold Properties, a Las Vegas-based real estate investment company. The doubling of size is in anticipation of a huge increase in demand when recreational marijuana sales begin in Illinois on […]

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Colorado’s largest cannabis grower loses millions of dollars in early freeze; supply disruption expected

The largest marijuana grower in Colorado – Pueblo-based Los Sueños Farms – disclosed it lost millions of dollars during an early winter storm after half the company’s plants froze before harvest could be completed. The crop loss in Southern Colorado is expected to send ripples throughout the state’s cannabis supply chain, reducing the supply of […]

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New California laws allow some marijuana firms to deduct expenses on state returns, help normalize MJ as ag commodity

Cannabis-related bills signed into law by California Gov. Gavin Newsom are significant steps in both providing marijuana businesses with the ability to write off business costs on state tax returns as well as normalizing cannabis as an agriculture commodity for cultivators. On Oct. 12, Newsom signed Assembly Bill 37, which will allow California’s cannabis businesses to […]

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CannTrust to destroy CA$77 million in cannabis plants, inventory

Embattled CannTrust Holdings on Monday disclosed it plans to destroy 77 million Canadian dollars ($58.2 million) worth of cannabis plants and inventory as part of the Ontario company’s efforts to regain its suspended business licenses. The company said in a news release its board “has determined that it is necessary to destroy approximately CA$12 million of […]

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Defying early expectations, wholesale cannabis flower market remains unaffected as vaping health crisis continues

The outbreak of the vaping health crisis fanned speculation that marijuana consumers would forego vape products and shift to other merchandise such as flower and pre-rolls. But wholesale cannabis flower producers aren’t reporting a dramatic impact on pricing in the wake of the vaping crisis. And marijuana retailers are reporting a mixed bag regarding the impact […]

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New Mexico medical cannabis growers sue over plant limits

Three New Mexico medical cannabis cultivation companies are challenging a plant-count limit the state’s regulators put in place, saying the cap puts constraints on the supply of medical marijuana to patients. G&G Genetics, Sacred Garden and Ultra Health joined together in filing a lawsuit against the state’s health department in response to the new rules […]

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California water board sends warnings to cannabis growers

The California Water Boards sent at least 270 letters to farmers in the Emerald Triangle, warning them to come into compliance with regulations or face possible fines and even the loss of their cultivation licenses. The agency posted on Twitter that its Division of Water Rights’ Cannabis Enforcement Section sent the letters to “residents in Trinity, Humboldt […]

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Capitalizing on marijuana markets with limited rivals: Q&A with Tilt Holdings interim CEO Mark Scatterday

Cannabis cultivation companies with a foothold in “constrained” markets – those with relatively few licenses such as Massachusetts – have a natural advantage, thanks to limited competition and marijuana supplies. Massachusetts-based Tilt Holdings is one such company. Tilt has multiple businesses that, among other things, offer cannabis-related technology and operate cultivation centers and retail stores […]

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