Marijuana Cultivation News

Georgia poised to lift cultivation ban for limited medical cannabis program

Georgia lawmakers want to open the state to commercial medical marijuana cultivation, passing a bill that would offer fresh business opportunities in the Peach State’s limited MMJ program. The measure awaits the signature of Gov. Brian Kemp, who has indicated he supports offering in-state medical marijuana cultivation, according to The Atlanta Journal-Constitution. Georgia launched a limited MMJ program […]

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NJ forecasts need for up to 90 more medical marijuana dispensaries by 2022

New Jersey needs to add 50 to 90 medical cannabis dispensaries in the next three years and more cultivation facilities to keep pace with current market demand, according to a state report issued this week that holds out the possibility of additional MMJ business opportunities. The report, released by the New Jersey Department of Health, […]

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Despite ‘monopoly’ concerns, Rhode Island’s medical marijuana program on upswing

At first blush, Rhode Island’s tiny medical marijuana market looks like a disaster for cannabis entrepreneurs: The state’s MMJ program is dominated by three vertically integrated businesses, wholesale prices are falling, and the Ocean State’s 41 stand-alone growers must battle over a small customer pie. But Rhode Island medical cannabis officials are increasingly optimistic. They […]

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Expiring licenses, not oversupply, is California’s real ‘crisis,’ industry insiders say

Media coverage of a recent report by a California-based cannabis distribution company has caused rampant confusion and hindered lobbying efforts to accelerate the process for making permanent a wave of temporary grow licenses that will soon expire in the state. The report that San Francisco-based Vessel Logistics disseminated March 18 claimed overproduction by California cultivators […]

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Curio Wellness drops medical marijuana licensing suit against Maryland

Curio Wellness dropped its lawsuit to block Maryland regulators from awarding new cannabis cultivation licenses that the state said were intended to increase diversity in the industry. The company had received impassioned public criticism after it filed the suit, according to The Baltimore Sun. Curio CEO Michael Bronfein said in a statement that the medical […]

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WV gov vetoes cannabis bill that would tax vertically integrated firms at lower rate

West Virginia Gov. Jim Justice vetoed a medical marijuana bill because he said it “favors wholly vertically integrated businesses” by taxing them at a lower rate than stand-alone cultivators, processors and retailers. Mike Pushkin, a Democratic delegate and sponsor of the bill, told The Register-Herald of Beckley that the governor’s veto “sets back the entire […]

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Most marijuana canopy space ‘underutilized’ in Washington state, report says

Washington state’s recreational cannabis cultivators are using less than half their allotted licensed canopy, according to a report conducted by the state’s Liquor and Cannabis Board (LCB), which could open the door for the state to step down their licenses to a lower tier. “Licensees were generally concerned that the (LCB) may decrease their canopy […]

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Cannabis firm sues MD to block grower licenses meant for minority businesses

Curio Wellness, a vertically integrated medical marijuana company in Baltimore County, Maryland, filed a lawsuit against state regulators to stop them from awarding four new cultivation licenses that are intended to increase the number of minority business owners in the industry. The suit alleges that the commission must complete a supply-and-demand analysis before soliciting new […]

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Louisiana medical marijuana grower plans ‘limited release’ of product in May

A Louisiana medical cannabis cultivator is planning to release a limited amount of product in May, which could temporarily alleviate some frustration from the ongoing delay in the program’s rollout. However, it’s still not clear when sales would begin. GB Sciences, which has the contract to cultivate medical marijuana for Louisiana State University, will release […]

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Cronos Group reports boosted cannabis revenue but wider losses in Q4

Cronos Group, a Toronto-based licensed cannabis party, posted sizable fourth-quarter revenue, the company said in an earnings report Tuesday, but its net loss for the period grew sharply – fueled in large part by financial reporting requirements. Cronos reported fourth-quarter revenue of 5.6 million Canadian dollars ($4.2 million) for the period ended Dec. 31, 2018, up nearly 250% […]

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Cresco closes in on approval to enter Michigan marijuana market

Cresco Labs, a Chicago-based multistate cannabis operator, said it received prequalification licensing approval to enter the Michigan cannabis market. The company, which earlier this month said it plans to acquire Florida-based medical marijuana group VidaCann for $120 million, would have production and retail operations in 11 states once all outstanding applications are approved. Cresco has applied […]

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