Marijuana Cultivation News

Tilray, Authentic Brands Group enter revenue-sharing deal for cannabis products

Tilray, the British Columbia-based cannabis heavyweight, signed a revenue-sharing agreement with Authentic Brands Group (ABG) to market and distribute consumer cannabis products within the New York-based firm’s brand portfolio. Under the terms of the agreement, Tilray will pay $100 million to ABG and up to $250 million in cash and stock upon achieving unspecified milestones. […]

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On first day of OH medical marijuana sales, some dispensaries cap purchases

Wednesday marked the first day of medical marijuana sales in Ohio, with retailers reporting brisk transactions. Only four dispensaries were reported open in the state, a market that is projected to generate as much as $400 million in annual sales over time, according to Marijuana Business Daily estimates. Early on opening day, about 20 people waited […]

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Medicine Man agrees to acquire cannabis research firm MedPharm

Medicine Man Technologies, a Denver-based consulting, intellectual property (IP) licensing and products company for the cannabis industry, announced its intent to acquire MedPharm Holdings, an IP development and holding company focused on cannabis research and product development. Financial details of the deal were not disclosed. Medicine Man told Marijuana Business Daily that it would speak more […]

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California marijuana company plans $200 million campus in New York

Ahead of New York’s anticipated legalization of recreational cannabis, San Diego-based Flora California Prime is laying the groundwork to build a $200 million, 1.25 million-square-foot cannabis cultivation, manufacturing and distribution facility on 47 acres of land in Buffalo. According to Buffalo TV station WKBW, construction on the facility could begin once state lawmakers approve legislation […]

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First cultivator begins growing medical marijuana in Arkansas

An Arkansas cultivation company has planted the first crop of medical cannabis and growing is underway, a sign that the market’s long-delayed launch may be approaching. According to Arkansas TV stations KHBS and KHOG, planting began Jan. 10 at the Bold Team cultivation center in Cotton Plant, 75 miles northeast of Little Rock. The medical marijuana […]

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Which California region will emerge as marijuana cultivation business leader?

It shocked some cannabis industry watchers last year when Santa Barbara County developed front-runner status among California’s 58 counties by accruing the most marijuana cultivation permits. Humboldt County – the centerpiece of the famed Emerald Triangle to the north – finished second. At the end of 2018, Santa Barbara – in Southern California – had […]

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WA cannabis regulators OK new deadline for packaging, labeling and design rules

The Washington State Liquor and Cannabis board voted Wednesday to give marijuana retailers, cultivators and concentrates and infused product manufacturers until Jan. 1, 2020, to comply with all packaging, labeling and design rules that regulators approved last year.   The new regulations: Require an additional universal symbol on packaging for all marijuana products. Restrict all […]

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Massachusetts medical marijuana provider raises $12.5 million to boost growth

Middlesex Integrative Medicine is joining forces with Full Moon Investments in a $12.5 million deal through which the private fund will take an equity stake in the Boston-based provider of medical cannabis. The transaction provides Middlesex access to more capital to build out its cultivation and laboratory facilities as well as three planned dispensaries. It […]

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