Marijuana Cultivation

How high is too high? Valuations continue to climb for Canadian cannabis businesses

As more cannabis companies go public and private businesses raise capital at an unprecedented clip, valuations have become a hot topic among industry observers, insiders and investors. That’s especially true in Canada, where a growing number of cannabis firms have fetched multibillion-dollar valuations in the public markets as they’ve hustled to become a top player […]

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California cannabis greenhouses catch fire; blaze under investigation

Several cannabis greenhouses caught fire Monday afternoon in central California, leading the company’s 300 employees to evacuate and call authorities for help. The greenhouses are owned by Loudpack Farms, a licensed cultivation operation in the tiny hamlet of Greenfield, about 150 miles southeast of San Francisco. No injuries were reported, according to Salinas TV station KSBW. […]

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Awaiting a marijuana business license? It’s possible to defray building rental costs

It can take months for a marijuana business to gain licensing approval from regulators.

The biggest problem facing a company in such a situation is it usually must have the location nailed down before filing an application.

But paying rent on space before having a license in hand can cost a lot of money, unless steps are taken early in the process to minimize costs.

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Maryland medical marijuana company has license reinstated

MaryMed has been given another chance at Maryland’s medical marijuana market after a judge ruled that the MMJ company likely didn’t violate the law. The Baltimore Business Journal reported the Dorchester-based company received preapproval from state regulators in 2016 to open cultivation, retail and processing operations. But the licenses were rejected after the state began […]

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Electric utilities work with cannabis growers to save on power costs

Despite knowing for years that electricity is a major expense that can significantly affect everyone’s bottom line, marijuana businesses – especially growers – are still struggling to keep costs manageable. The good news is that a burgeoning number of utility companies are working with cannabis cultivators to better manage costs.

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Week in Review: Good news for Michigan medical marijuana, Oklahoma market narrows & Maine veto override

The Michigan medical marijuana industry sees an expansion of qualifying conditions and new licenses, Oklahoma adopts emergency medical cannabis rules, and Maine’s MMJ market opens up in new ways. Here’s a closer look at some notable developments in the cannabis industry over the past week. Kick the can? The Michigan medical marijuana industry got a double […]

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