Marijuana Cultivation

Arkansas awards five medical cannabis grow licenses, but sales still long way off

Arkansas awarded licenses to five marijuana cultivation companies after a court injunction suspending the licensing process was lifted. The state’s Medical Marijuana Commission issued licenses to: Natural State Medicinals Cultivation Bold Team Natural State Wellness Enterprises Osage Creek Cultivation Delta Medical Cannabis Co. Each company paid a $100,000 license fee and a $500,000 performance bond. With the […]

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Marijuana M&A activity spikes as some cannabis pioneers cash out

Merger and acquisition activity is accelerating across the cannabis industry as more companies land multimillion-dollar capital infusions and ink deals aimed at growing market share. The momentum is giving more company founders an opportunity to cash out at an attractive price – or leverage the deals to launch their next venture. The flurry of activity […]

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Connecticut retailers, growers at odds on how to serve growing medical cannabis demand

Connecticut’s medical marijuana growers and retailers are at loggerheads over the state’s plan to expand its MMJ program to meet growing consumer demand for products. The state has proposed adding up to 10 more dispensaries to serve Connecticut’s growing patient pool, an increase that would more than double the number of retailers. But some dispensary […]

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Cannabis firm Tilray outlines IPO terms ahead of listing on Nasdaq

Tilray, a Canadian marijuana company owned by Seattle private equity firm Privateer Holdings, unveiled the terms of a previously announced initial public offering. The British Columbia-based company, which filed for the IPO last month, plans to issue 9 million shares of its common stock priced between $14 and $16 (CA$18.40 and  CA$21) a share. The IPO […]

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Week in Review: Arizona’s defiant marijuana firms, California deadline & big cannabis investment in Iowa

Arizona cannabis companies defy a court decision banning the sale of extracts, California marijuana businesses deal with the state’s July 1 transition, and an emerging player in the MJ industry plans a large indoor grow in Iowa. Here’s a closer look at some notable developments in the cannabis industry over the past week. Business as […]

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Developing player in cannabis market to invest roughly $10 million in Iowa

An emerging major player in the marijuana industry plans to build a large facility in what might seem an unlikely place: Iowa. The state’s medical marijuana market allows the sale of only low-THC cannabis, meaning products cannot exceed 3% THC. But according to the Des Moines Register, New York-based Acreage Holdings is looking to spend […]

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Los Angeles to launch long-delayed licensing for marijuana growers

Los Angeles will kick off the process for licensing marijuana cultivators and manufacturers on Aug. 1, but it’s likely to be many months before any of those companies open their doors for business. The announcement Monday was greeted with a mix of anticipation and frustration by growers and other businesses awaiting licenses that have watched […]

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