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 […]Read More
Facilities licensed by the Canadian government to cultivate cannabis surpassed 11 million square feet (1 million square meters) for the first time in June.Read More
Data from the Federal Institute for Drugs and Medical Devices (BfArM) in Germany provides a rare snapshot of the quantity of medical cannabis needed to meet demand in the world’s largest federally regulated MMJ market.Read More
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. […]Read More
New York-based Acreage Holdings appears to have set a record for the largest private funding round ever closed by a U.S. cannabis company, raising $119 million to bankroll acquisitions and list its shares on the Canadian Securities Exchange (CSE).Read More
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.Read More
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 […]Read More
Worried about the fallout from marijuana that doesn’t meet state requirements?
Simply taking preventive measures such as investments in infrastructure and increased vigilance in cultivation operations can help growers stave off costly catastrophes.Read More
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.Read More
Canadian cannabis raised more than 3 billion Canadian dollars ($2.2 billion) in the first half of 2018 as the industry scales to meet expected demand.Read More
The agency overseeing Oregon’s medical marijuana industry conceded in a report it has not provided effective oversight of growers and others in the industry.Read More
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 […]Read More
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