Louisiana’s agriculture department and a state-sanctioned medical marijuana grower broke through one of the key regulatory logjams keeping MMJ off pharmaceutical shelves. However, it remains uncertain when sales might begin. Agriculture Commissioner Mike Strain said Friday that regulatory paperwork and background checks were completed that will allow Louisiana State University’s medical marijuana grower to move […]Read More
Licensed medical marijuana growers in Illinois would be able to supply adult-use cannabis for four years after legalization, according to a report commissioned by licensed MMJ businesses. However, the study noted, a significant increase in the number of retail licenses is needed to meet consumer demand. The industry report contradicts a Legislature-commissioned study that predicts Illinois’ […]Read More
Marijuana growers historically have turned to cloning to propagate plant inventory and perpetuate plant genetics.
But the art of cloning, where a cultivator takes a rooted cutting of a mother plant to grow a genetically identical plant, might slowly be going to the wayside in the cannabis sector.Read More
Kevin Currier has lost sleep over the prospect of vertically integrating his new marijuana business in Michigan.
A Michigan resident, Currier applied for a medical cannabis retail license in Grand Rapids while the state transitions to a recreational market.
But he often wonders whether vertical integration – having a cultivation and retail component to a company – would better position him for success.Read More
Canadian cannabis cultivation giant Tilray plans to focus on Europe and the U.S. for its upcoming expansion plans after posting higher-than-expected sales in the fourth quarter.Read More
Green Peak Innovations, a medical cannabis cultivator based in Lansing, Michigan, raised more the $30 million in an oversubscribed debt round. The funds will be used to support Green Peak’s expansion in Michigan as well as plans to take the company’s “scalable model to other states,” CEO Jeff Radway said in a news release. Plans […]Read More
Canadian marijuana cultivator Tilray said it is hiring former Goldman Sachs Managing Director Andrew Pucher as chief corporate development officer. Pucher – the latest Wall Street executive to enter the marijuana industry – most recently covered cannabis stocks for Goldman as part of his role as managing director and head of Canadian Diversified Investment Banking. At […]Read More
Tumbling wholesale cannabis prices in some markets are devastating plant-touching operators and generating negative fallout for ancillary companies that provide services and products to those businesses. In order for supplementary companies such as accountants, consultants and security firms to continue to grow and maintain healthy revenue streams, some owners are looking to emerging cannabis markets […]Read More
In the latest enforcement actions targeting California’s illicit cannabis businesses, state and local agencies recently seized more than $1.2 million in illegal marijuana and MJ products in a series of raids. California licensed cannabis firms have kept a close eye on authorities’ crackdown efforts since illicit operators severely undercut legal sales. According to news releases: […]Read More
Altria Group’s record-breaking investment of 2.4 billion Canadian dollars ($1.8 billion) in Ontario-based cannabis producer Cronos Group closed Friday, completing what is so far the largest investment by a tobacco company in the cannabis space. The investment gives Altria a 45% stake in Cronos. Altria also has a warrant that, if exercised, would bump its […]Read More
Shareholders of Ontario-based cannabis producer Emblem approved a 173 million Canadian dollar ($128 million) buyout from vertically integrated company Aleafia Health in a deal that puts the two companies at the forefront of a wave of consolidation in the marijuana industry. The all-stock deal was approved by 93% of Emblem shareholders March 6, exceeding the […]Read More
Colorado looks close to welcoming a surge of outside investors and capital to its marijuana markets, Hawaii kicks off a program allowing qualified visitors to purchase medical marijuana, bills pending before the California Legislature could mean the state’s cannabis industry might see another tumultuous year of changes – plus other important news from around the MJ space.Read More
- May 22, 2019
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