Marijuana Cultivation News

Pennsylvania bans medical marijuana dispensaries, growers from 4/20 festival

A cannabis festival set for April 20 in Scranton, Pennsylvania, expects to draw a crowd of 10,000, but the state bars medical marijuana dispensaries and growers from sponsoring the event, even though marijuana sales won’t be allowed. The Philadelphia Inquirer reported that several dispensaries had committed up to $8,000 apiece in sponsorship money and to […]

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ME nixes contract with Metrc, opens bids for marijuana seed-to-sale software

Maine is withdrawing its $150,000 contract with Florida-based Franwell – the maker of cannabis seed-to-sale tracking software Metrc – because the state is concerned the deal could draw a challenge that results in a delay of recreational marijuana sales. The state’s new Office of Marijuana Policy said it now will seek competitive bids for tracking services by […]

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New Mexico relaxes medical cannabis plant limits, so prices should ease

New Mexico regulators enacted an emergency rule that more than quintuples the medical marijuana plant count limit to 2,500 per grower, a development that should lower MMJ prices and increase supplies and sales. The 180-day emergency rule was in response to a November court ruling in which a district judge struck down the state’s 450-plant limit […]

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Report: Demand could overwhelm growers if Illinois legalizes adult-use marijuana

A new report predicts Illinois’ 16 licensed marijuana cultivators would be able to supply just 35%-54% of demand if recreational marijuana is legalized, underscoring the potential size of the state’s adult-use market. According to the report commissioned by Illinois legislators, annual demand could top 550,000 pounds of cannabis if the state OKs adult-use marijuana, the […]

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California cannabis licensing backlog could spur collapse of supply chain, ‘hundreds of businesses’

A California Senate panel on Wednesday advanced a bill – dubbed a “Band-Aid” by one sponsor – in a last-minute bid to prevent thousands of marijuana companies from being temporarily forced out of the legal market and causing chaos in the state’s marijuana supply chain.

But the move is likely to be in vain, at least in the short term.

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Curaleaf acquires California cannabis group for $30.5 million

Massachusetts-based Curaleaf, a vertically integrated multistate marijuana company, acquired California’s Eureka Holdings. Eureka Holdings operates a cultivation facility in the Salinas Valley and is developing three dispensaries in the Golden State. The deal is valued at $30.5 million with $10 million paid in cash and the balance in stock. This amount could potentially increase based […]

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Multistate cannabis firm 4Front buys dispensary, grow operations in AZ and MA

4Front Holdings, a U.S. cannabis retail and brand company based in Phoenix, expanded its national footprint with acquisitions in Massachusetts and Arizona. 4Front acquired Healthy Farms, which has two dispensaries and a cultivation facility in Massachusetts, and PHX Interactive, owner of Greens Goddess in Phoenix, a holder of a vertically integrated license. Financial details of the […]

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CA county begins process of reversing controversial marijuana cultivation ban

A rural California county has begun the process of reversing a commercial marijuana cultivation ban established in January 2018, in what could prove to be a major win for cannabis growers in the region. The Calaveras County Board of Supervisors told staff to begin prepping a new MJ regulatory ordinance that represents a “180-degree turn” […]

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CA’s use of National Guard to target illegal marijuana grows fuels questions, concerns over potential MJ industry fallout

Legal marijuana companies are cautiously welcoming California Gov. Gavin Newsom’s announcement that 150 National Guard troops will deploy to Northern California to “go after illegal cannabis farms,” but the news also is kindling fears in some industry circles of a renewed, government-led drug war. Many legal marijuana companies have long argued that illicit operators pose a major […]

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