Marijuana Cultivation

Louisiana State University’s cannabis cultivation contractor sells 15% stake

GB Sciences, a Las Vegas company contracted to develop the Louisiana State University AgCenter’s medical marijuana products and manufacturing program, has sold a 15% stake in the venture. Wellcana Group, which was formed last month in Lafayette, Louisiana, paid $3 million for its share of the project, The Advocate reported. The capital will be used for […]

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Toronto craft brewer, MedReleaf team up for ‘cannabis-inspired beer’

A Toronto craft brewer has partnered with one of the largest medical cannabis companies in Canada to create a “cannabis-inspired beer” in a project that could be the start of cross-industry collaboration on product development and branding in the nation. It’s the first time a Canadian licensed cannabis producer has worked with a local craft […]

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‘Critical flaw’ found in Ohio’s medical cannabis grow license scoring process

Ohio’s state auditor has found a “critical flaw” in the process used by the Ohio Department of Commerce to score business applications for a limited number of medical marijuana cultivation licenses. According to The (Cleveland) Plain Dealer, Auditor Dave Yost said at least two Commerce Department employees had essentially unlimited access to the applications. That […]

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Grower could be first in New Mexico to lose medical marijuana license

The New Mexico health department is alleging that a medical marijuana grower submitted falsified audits and is taking steps to revoke the company’s license. Mother Earth Herbs denies it falsified audit reports and has requested a hearing to challenge the revocation, the Santa Fe New Mexican reported. If Mother Earth loses the challenge, it would be the […]

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British Columbia opens door to potentially hundreds of marijuana retail opportunities

British Columbians in the market for recreational cannabis will have a choice between privately run and government-operated retail stores when legalization lands this summer, opening the door to potentially hundreds of legal retail opportunities. But the government will monopolize online sales and ban home delivery by private retailers, a move that is drawing scorn from […]

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‘Launchpad to Asia’: Cronos pulls veil off Australian joint venture

Cronos Group unveiled its Australian joint venture and the first phase of a 10-million-Australian-dollar ($8 million) production facility, the latest move by a Canadian company to carve out opportunities to meet demand Down Under and position itself to capitalize on future possibilities in Asia. It’s the first Canadian company to help build a medical cannabis company in Australia […]

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Amid Canadian cannabis stock meltdown, analysts warn against ‘panic selling’

As Canadian medical cannabis stocks plunge from their record highs, analysts say the volatility could dampen the mood for mergers and acquisitions and access to blazing capital markets for some companies – at least until stability sets in. Since peaking in early January, the Canadian Marijuana Index – representing 24 leading cannabis stocks – has tumbled 35%, wiping out 7 […]

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New Zealand lawmakers advance one medical marijuana bill, reject another

New Zealand’s Parliament advanced a bill that would lay the groundwork for a regulated medical cannabis industry but rejected a separate bill that would have established a more full-fledged market and allowed home cultivation. If the government’s bill wins final approval – or Royal Assent – from the country’s Governor-General, it would ultimately create a domestic […]

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20 people to watch in 2018

The cannabis industry is poised for huge growth in 2018 thanks in part to the expected launch of several massive new marijuana markets such as California and Canada, which will generate billions of dollars in sales and create tens of thousands of business opportunities.

The changing business climate will lead to new challenges, struggles and, potentially, failures for companies and the individuals behind them.

As we hurtle into 2018, the editorial staff at Marijuana Business Magazine – which is published by Marijuana Business Daily – singled out 20 executives in the cannabis space who bear watching in the year ahead.

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Canadian producers no longer must store cannabis in bank-like vaults

Health Canada has introduced new security measures that could save early stage cultivation applicants hundreds of thousands of dollars and improve operational efficiencies for current producers, according to analysts. Effective immediately, marijuana producers will no longer be required to store their inventory in bank-like vaults, which can cost up to 500,000 Canadian dollars ($405,000). Instead, […]

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CBD, hemp changes advancing in state capitols

Federal confusion about CBD and hemp is giving state lawmakers in three of the most conservative parts of the country a reason to back cannabis legislation that addresses the cannabidiol conundrum.

Indiana’s Senate voted this week to legalize all CBD oil products in Indiana that contain up to 0.3% THC, Indianapolis TV station WTHR reported.

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