Marijuana Cultivation

Marijuana Business Daily’s annual cannabis industry survey extended to Dec. 22

The deadline for executives and major investors in the cannabis industry to participate in Marijuana Business Daily’s annual industry survey has been extended until Friday, Dec. 22. Owners, founders and executives with dispensaries/retail stores, commercial cultivation operations, infused product manufacturers, testing labs and ancillary firms as well as investors that fund cannabis companies are invited to […]

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Global cannabis industry raises whopping $2.7 billion in 2017

Medical marijuana companies around the world have raised $2.7 billion so far this year to capitalize on explosive growth in the industry, an almost 300% increase from the same time last year. More than half that total, $1.6 billion, was raised in Canada via 189 transactions, the Financial Post reported. The data was compiled by […]

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Ohio medical marijuana license applicant sues state over ‘racial quota’

A multistate medical marijuana company that lost out in the race for one of a dozen large-scale MMJ cultivation licenses in Ohio is suing the state over what it claims is an unfair “racial quota.” According to The Plain Dealer, PharmaCann Ohio is asking a state court to order that the 12 available large cultivation […]

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Aphria inks deal to secure CA$100 million for M&As, expansion

One of Canada’s largest medical marijuana producers announced a stock-purchase deal to raise 100 million Canadian dollars ($77.7 million) in capital, which it intends to apply to the construction of new production facilities globally and in Canada. To date in fiscal 2017, Aphria has raised CA$237 million, CFO Carl Merton told Marijuana Business Daily. This does not […]

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Marijuana entrepreneurs already lining up for New Jersey’s looming recreational market

New Jersey can’t even begin the recreational cannabis legalization process until mid-January, but marijuana entrepreneurs across the country are descending on the Garden State in hopes of getting a first-mover’s advantage in what could become one of the most buoyant markets on the East Coast. Indeed, many marijuana businesses already have a presence in New Jersey, […]

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Third Canadian pharmacy strikes pact to be a medical marijuana supplier

Another Canadian pharmacy company has jumped into the medical marijuana business by locking up a supply agreement with a licensed producer, bringing to three the number of chain operators angling to enter the MMJ industry. Toronto-based Maricann Group has signed an exclusive deal with Lovell Drugs, Ontario’s oldest pharmacy chain. Financial terms were not disclosed. And unlike […]

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Second Ohio medical cannabis consultant draws scrutiny

The system for awarding the precious few medical cannabis cultivation licenses in Ohio was already under the microscope after the revelation that a judge had a felony drug conviction. And now it’s come to light that a second consultant involved in scoring MMJ grow applications has ties to one of the permit winners. Keoki Wing, who was […]

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Aphria cutting US marijuana exposure amid delisting review

Aphria is scrambling to shed direct involvement in American medical cannabis businesses as it undergoes a delisting review by its stock exchange operator. The Leamington, Ontario-based company has been in the hot seat since the TMX Group – parent of the Toronto Stock Exchange and the TSX Venture Exchange – said companies with direct business […]

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Hydroponics firms expect ‘huge influx’ of Canadian customers

Hydroponics companies in Canada are already gearing up for an expected “huge influx” of customers once recreational marijuana is legalized in 2018. The potential home-grow market for adult-use cannabis is being compared to alcohol’s home brew segment, thus opening the door for entrepreneurs, The Globe and Mail reported. Some companies, such as British Columbia-based nutrient maker […]

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Senator raises specter of recreational cannabis legalization delay in Canada

Canada’s recreational marijuana industry might not be up and running until the end of 2018, an opposition senator has indicated, raising the specter of a months-long delay that would have major ramifications for businesses up and down the cannabis supply chain. “The costs of missing that deadline would be severe,” according to The Globe and […]

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First Nations in Canada want more control over legalized marijuana

Canada’s First Nations are demanding the right to regulate the sale and distribution of recreational marijuana in their communities, and some near urban areas want to adopt more business-friendly rules to create jobs and earn revenue. Chiefs representing some 630 reserves at the Assembly of First Nations last week were in general agreement that they, […]

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Manitoba’s Delta 9 strikes deal to raise CA$20M for cannabis cultivation and retail

Delta 9 signed a stock-purchase agreement to raise 20 million Canadian dollars ($16 million) to ramp up cultivation and bankroll its bid to become a retailer of recreational marijuana in Manitoba. The Winnipeg, Manitoba-based medical marijuana producer said in a news release it nailed down the bought-deal agreement with a group of underwriters led by […]

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